Getty Realty Corp. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending September 30, 2026. The company generated total revenues of $62.99 million for the third quarter, up from $55.59 million in the same period last year, marking a 7.5% increase. For the nine months ended September 30, 2026, total revenues reached $179.89 million, compared to $161.18 million for the same period in 2025, reflecting an increase of 11.6%. Net earnings for the third quarter were $25.61 million, a rise from $23.35 million year-over-year, while net earnings for the nine-month period increased to $74.82 million from $52.15 million.
The company’s operational metrics also showed notable changes. Getty Realty's rental income rose to $62.27 million for the third quarter, up from $55.16 million in the prior year, driven by acquisitions and contractual rent increases. The total number of properties owned by Getty Realty increased to 1,269 as of September 30, 2026, with significant acquisitions contributing to this growth. The company acquired 110 properties for $443.2 million during the nine months ended September 30, 2026, compared to 53 properties for $140 million in the same period of 2025.
Getty Realty's balance sheet reflects a total asset value of $2.57 billion as of September 30, 2026, up from $2.17 billion at the end of 2025. The company reported total liabilities of $1.29 billion, an increase from $1.10 billion, primarily due to increased borrowings to finance property acquisitions. Stockholders' equity also rose to $1.28 billion from $1.07 billion, supported by equity offerings that generated $128.2 million in net proceeds during the quarter.
The company’s strategic focus on expanding its portfolio through acquisitions and redevelopment projects is evident in its financial results. Getty Realty's investment strategy aims to enhance property type, tenant, and geographic diversification, which is expected to contribute to sustained revenue growth. The company anticipates continued growth in rental income and overall financial performance, supported by its robust acquisition pipeline and the stability of its tenant base, which primarily consists of convenience store operators and automotive service providers.
Looking ahead, Getty Realty remains optimistic about its growth trajectory, emphasizing its commitment to maintaining its status as a Real Estate Investment Trust (REIT) by distributing at least 90% of its taxable income to shareholders. The company is well-positioned to leverage its operational strengths and market opportunities to drive future growth and enhance shareholder value.
About GETTY REALTY CORP /MD/
Getty Realty Corp. is a REIT focused on acquiring, financing, and developing single-tenant retail properties, primarily convenience stores, automotive service centers, car washes, and related retail outlets across the U.S. Its portfolio emphasizes highly trafficked locations, leased on triple-net terms, serving tenants in the convenience and petroleum industries. The company aims to generate income and appreciation through strategic property investments, redevelopment, and diversification.
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