Getty Realty reports Q2 AFFO 56c, consensus 56c

Reports Q2 revenue $44.7M, consensus $43.09M. “Our strong earnings growth thus far in 2023 reflects the value proposition of the Getty platform, including reliable and growing rental income from our in-place portfolio, and incremental contributions from our successful investment strategiesAs part of our effort to drive earnings growth, we remain focused on further scaling and diversifying our portfolio. We have completed more than $163 million of investments year-to-date, including the acquisition and development funding of convenience stores, car washes, auto service centers and quick serve restaurants. We continue to prioritize our tenant relationships, industry expertise, and stringent underwriting to selectively add high-quality convenience and automotive retail real estate to our portfolio. With strong visibility into our investment pipeline and ample liquidity from prudent capital markets activity, we are poised to carry our momentum into the second half of the year,” said CEO Christopher Constant.