Getty Realty Corp /MD/ reported second-quarter 2026 results with revenue of $58.6M and diluted EPS of $0.36, reflecting year‑over‑year gains driven by higher rental income and portfolio activity.
Financial Highlights
- Revenue: $58.6M for 2Q 2026, compared with $52.7M in the year‑ago quarter; YoY change 11.1%.
- Net income: $22.6M for 2Q 2026, compared with $14.0M in the year‑ago quarter; YoY change 61.2%.
- Diluted EPS: $0.36 for 2Q 2026, compared with $0.24 in the year‑ago quarter; YoY change 50.0%.
Business Highlights
- Rental income growth contributed to increases of approximately $5.8M in Q2 and $11.5M year‑to‑date.
- Portfolio expansion: $162.6M invested year‑to‑date across 67 properties, including auto service centers, drive‑thru quick‑service restaurants and car washes.
- Lease profile and stability: 1,220 properties on triple‑net leases with a weighted average remaining lease term of 10.3 years and routine contractual escalations.
- Redevelopment and asset strategy: one active redevelopment and 35 redevelopments completed since 2015 to enhance asset value and recapture leases.
- Operational risk management: reduced unknown environmental reserves, retained a $8.4M prospective remediation accrual and purchased pollution insurance.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.