Getty earnings exceeded analyst expectations in the third quarter of 2026, while the real estate investment trust reported more than $500 million in year-to-date property investments. Earnings per share were $0.40, unchanged from a year earlier but above the $0.34 estimate.
Key Takeaways
- Quarterly rental income reached $60.807 million, up from $53.477 million a year earlier.
- Year-to-date investments exceeded $500 million across 68 properties, with a separate committed pipeline above $75 million.
- Getty raised its annual AFFO guidance.
Table of Contents
- Getty earnings show higher rental income and AFFO
- Completed investments and committed pipeline remain distinct
Getty earnings show higher rental income and AFFO
For the quarter ended September 30, net earnings totaled $25.606 million, compared with $23.348 million in the same period of 2025. Rental income increased as recent acquisitions and contractual rent increases added revenue.
Adjusted funds from operations, or AFFO, reached $41.149 million, versus $36.102 million a year earlier. Funds from operations rose more modestly, to $38.865 million from $38.697 million.
Across the first nine months, AFFO totaled $118.978 million, compared with $103.866 million in 2025. Year-to-date AFFO per share increased 5.0%.
Completed investments and committed pipeline remain distinct
Getty’s more than $500 million of year-to-date investments covered 68 properties. Separately, the company outlined a committed investment pipeline exceeding $75 million for the development or acquisition of 29 properties. Those commitments represent planned activity rather than completed additions.
The U.S. net lease REIT focuses on single-tenant retail and commercial properties, including convenience stores, gas stations and automotive service centers. Its long-term leases generally place property operating expenses on tenants.
Total indebtedness stood at $1.2 billion on September 30, including $1.0 billion of senior unsecured notes.
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