GETTY REALTY CORP /MD/ (GTY) Earnings History

GETTY REALTY CORP /MD/ - Q4 FY2025 EarningsBeat

Filed at: Feb 11, 2026, 4:30 PM EST|Read from source

EXECUTIVE SUMMARY

Getty Realty Corp. reported strong full-year 2025 performance driven by disciplined investment strategy and consistent earnings growth in its convenience and automotive retail property portfolio. The company deployed significant capital at attractive yields and enters 2026 with substantial liquidity and a robust pipeline, positioning it for continued expansion.

POSITIVE HIGHLIGHTS

  • •

    Full year 2025 AFFO per share was $2.43, an increase from $2.34 in the prior year.

    positive
  • •

    Invested $268.8 million in 2025 at a 7.9% initial cash yield, demonstrating successful deployment of capital.

    positive
  • •

    Property operating expenses decreased significantly year-over-year, improving profitability.

    positive
  • •

    Base rental income grew 11.6% for the full year 2025, driven by acquisitions and contractual rent increases.

    positive

CONCERNS & RISKS

  • •

    Interest income on notes and mortgages receivable decreased from $4.7 million in FY2024 to $2.1 million in FY2025.

    attention
  • •

    General and administrative expenses increased by $2.0 million year-over-year, primarily due to higher employee and legal fees.

    attention
  • •

    Tenant reimbursement income decreased from $10.9 million in FY2024 to $5.1 million in FY2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$60.55B
+14.2%
Prior year: $53.02B
Annual (YTD)
$221.73B
N/A
Prior year: $203.39B
Net Income
Quarterly
$27.04B
+21.3%
Prior year: $22.30B
Annual (YTD)
$79.19B
N/A
Prior year: $71.06B
EPS (Diluted)
Quarterly
$0.45
+15.4%
Prior year: $0.39
Annual (YTD)
$1.35
N/A
Prior year: $1.25
Operating Income
Quarterly
$40.74B
+24.8%
Prior year: $32.66B
Annual (YTD)
$126.78B
N/A
Prior year: $109.77B
EPS (Basic)
Quarterly
$0.45
+15.4%
Prior year: $0.39
Annual (YTD)
$1.35
N/A
Prior year: $1.26

MARGIN ANALYSIS

Operating Margin
Current Quarter
67.3%
Prior Year
61.6%
YoY Change
+570 bps
Net Margin
Current Quarter
44.7%
Prior Year
42.0%
YoY Change
+262 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

MANAGEMENT GUIDANCE

FY2026

AFFO per share
$2.48—$2.50
Mid-point: $2.49
"Reaffirmed"

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

Strong fourth quarter and full year 2025 performance reflect the merits of our disciplined investment strategy, consistent earnings growth, and the reliability of our portfolio.

— GETTY REALTY CORP /MD/, Q4 FY2025 2025 Earnings Call

Deployed $269 million at an attractive 7.9% yield, demonstrating our ability to source and close accretive transactions that meet our stringent underwriting standards.

— GETTY REALTY CORP /MD/, Q4 FY2025 2025 Earnings Call

With more than $500 million of liquidity, and a robust pipeline of committed and pending investments, we enter 2026 poised for continued growth.

— GETTY REALTY CORP /MD/, Q4 FY2025 2025 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

Initial Cash Yield
7.9
%
Investment Volume Millions
268.8
dollars
Properties Acquired
73
properties

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.