Getty Realty Corp. Reports 10.5% Revenue Growth and 61.5% Increase in Net Earnings for Q2 2026

Getty Realty Corp. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2026. The company generated total revenues of $59.1 million for the quarter, a 10.5% increase from $53.3 million in the same period last year. For the first half of 2026, revenues reached $116.9 million, up from $105.6 million in the first half of 2025. The increase in revenue was primarily driven by higher rental income, which rose to $58.6 million for the quarter and $115.9 million for the six months, reflecting additional base rental income from new property acquisitions and contractual rent increases.

In terms of profitability, Getty Realty reported net earnings of $22.6 million for the second quarter, compared to $14.0 million in the prior year, marking a 61.5% increase. For the first half of 2026, net earnings were $49.2 million, up from $28.8 million in the same period of 2025. The company’s basic and diluted earnings per share also improved, reaching $0.36 for the quarter and $0.79 for the six months, compared to $0.24 and $0.49, respectively, in the previous year.

Strategically, Getty Realty expanded its portfolio by acquiring 57 properties for a total of $150.8 million during the first half of 2026, compared to 29 properties for $87.2 million in the same period of 2025. The acquisitions included various types of properties such as convenience stores and automotive service centers, which are expected to enhance the company's revenue-generating capabilities. As of June 30, 2026, the company owned 1,198 properties across 46 states and Washington, D.C., with a weighted average remaining lease term of 10.3 years.

Operationally, Getty Realty's total assets increased to $2.29 billion as of June 30, 2026, up from $2.17 billion at the end of 2025. The company reported a total of 61,932,699 shares of common stock outstanding as of July 23, 2026. The company also noted a decrease in environmental remediation obligations, which fell from $15.9 million at the end of 2025 to $8.4 million as of June 30, 2026, reflecting the removal of previously accrued liabilities.

Looking ahead, Getty Realty remains optimistic about its growth trajectory, emphasizing its commitment to acquiring well-located properties that support convenience and service to consumers. The company plans to continue leveraging its strong financial position, including a $377 million availability under its credit facility, to fund future acquisitions and redevelopment projects. The management's outlook suggests a focus on maintaining operational efficiency and enhancing shareholder value through strategic investments and prudent financial management.