Getty Realty (US:GTY) Globenewswireยท2025-07-23 20:05Core Insights - Getty Realty Corp. reported a year-to-date investment activity of $95 million and increased its full-year 2025 earnings guidance [1][4][24] Financial Performance - For the second quarter of 2025, net earnings were $14.0 million, or $0.24 per share, compared to $16.7 million, or $0.30 per share in the same period of 2024 [6][42] - Funds From Operations (FFO) for the quarter were $27.8 million, or $0.49 per share, down from $30.5 million, or $0.55 per share year-over-year [6][42] - Adjusted Funds From Operations (AFFO) increased to $34.0 million, or $0.59 per share, compared to $32.2 million, or $0.58 per share in the prior year [6][42] Revenue and Income - Rental income for the quarter was $51.3 million, a 12.1% increase from $45.7 million in Q2 2024 [7][9] - Total revenues for the quarter reached $53.3 million, compared to $49.9 million in the same quarter of 2024 [42] Investment Activity - The company invested $66.1 million across 28 properties at an initial cash yield of 8.1% during the quarter, with an additional $18.5 million invested post-quarter [8][16] - As of July 23, 2025, Getty Realty has a committed investment pipeline exceeding $90 million for the development and acquisition of 36 properties [17] Portfolio Management - The company sold three properties for gross proceeds of $3.2 million during the quarter, recording a gain of $1.6 million [19] - As of June 30, 2025, Getty Realty's portfolio included 1,137 properties across 44 states and Washington, D.C. [29] Balance Sheet and Capital Structure - As of June 30, 2025, total outstanding indebtedness was $925 million, with $750 million in senior unsecured notes at a weighted average interest rate of 4.1% [20] - The company raised approximately $32.8 million through its at-the-market equity program during the quarter [21] Guidance - The company raised its 2025 AFFO guidance to a range of $2.40 to $2.41 per diluted share, up from the previous range of $2.38 to $2.41 [24]