Getty Realty cuts 2025 AFFO guidance on tenant bankruptcy despite higher 2024 results
Getty Realty reported fourth-quarter 2024 net earnings of $0.39 per share, up from $0.30 a year earlier, and full-year 2024 AFFO of $2.34 per share, up from $2.25. The company lowered its 2025 AFFO guidance to $2.38 to $2.41 per diluted share from $2.40 to $2.42, citing the potential impact of a recent tenant bankruptcy filing, which lowers the outlook shareholders were given.
Key points
- Q4 2024 net earnings were $0.39 per share versus $0.30 in Q4 2023; Q4 AFFO was $0.60 per share versus $0.57.
- Full-year 2024 AFFO was $2.34 per share, a 4.0% increase from $2.25 in 2023.
- 2025 AFFO guidance was cut to $2.38 to $2.41 per diluted share from $2.40 to $2.42, due to a recent tenant bankruptcy filing.
- The company invested $209.0 million across 78 properties in 2024 at an 8.3% initial cash yield.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:54 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 12, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.