Thu, Apr 24, 8:17 PM (17 days ago)
**Getty Realty Corp. (GTY) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $51.7 million (up 9.5% YoY) - **Net Earnings:** $14.8 million (down 11.6% YoY) - **EPS:** $0.25 (down 16.7% YoY) - **Cash Flow from Operations:** $28.7 million (down 13.6% YoY) - **FFO:** $31.7 million (up 6.7% YoY) - **AFFO:** $33.8 million (up 7.6% YoY) **Profit Margins:** - **Operating Margin:** 51.1% (down 10.3% YoY) - **Net Margin:** 28.7% (down 13.5% YoY) **Cash Flow & Earnings Changes:** - **Operating Cash Flow:** Down 13.6% YoY - **Capital Expenditures:** $10.0 million (down 88.3% YoY) - **Net Earnings:** Down 11.6% YoY **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by acquisitions and rent increases. - **Expense Management:** Property costs and impairments decreased. - **Interest Expense:** Increased due to higher average borrowings and interest rates. - **Dividends:** Paid $26.5 million ($0.47 per share). **Trends & Uncertainties:** - **Acquisitions:** $11.1 million invested in six properties. - **Debt Management:** Repaid $150.0 million Term Loan and issued $125.0 million in new Senior Unsecured Notes. - **Environmental Obligations:** $20.6 million accrued for prospective environmental remediation. - **Legal Proceedings:** Ongoing litigation may impact financials. **Future Operations Impact:** - **Liquidity:** $292.5 million available under Credit Facility. - **Dividends:** Subject to market conditions and financial performance. - **Growth Strategy:** Focus on acquisitions, redevelopment, and portfolio diversification. **Ticker:** GTY **Market Position:** Getty Realty Corp. is a net lease REIT specializing in convenience, automotive, and retail real estate. The company's portfolio includes 1,119 properties across 42 states and Washington D.C.