Getty Realty raises 2026 AFFO guidance as investments top $500 million
Getty Realty lifted its 2026 AFFO guidance to $2.53–$2.54 per share. Base rental income rose 13.8% year over year in the third quarter.
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what happened
Getty Realty Corp. raised its 2026 AFFO guidance to $2.53–$2.54 per share, the company said in a press release distributed via GlobeNewswire. Base rental income in the third quarter climbed 13.8% year over year to $59.3 million.
Year-to-date investments reached $502.3 million at an initial cash yield of 7.2%. In the third quarter alone, the company deployed $297.4 million at 6.9%. It also took a new $200 million term loan at 5.03%, which refinanced revolver borrowings.
why it matters
For REIT investors, the key point is that acquisition yields sit above funding costs, which supports growth in cash flow per share. Locking in the rate on the new loan reduces interest-rate exposure, but the overall effect will depend on how AFFO develops from here.
market impact
GTY shares and the REIT sector: higher AFFO and cheaper financing support the valuation
tags
instruments
sources
- Getty Realty Corp. (GTY) Lifts 2026 AFFO Guidance; YTD Investments Top $500M — globenewswire.com, 21 October 2026 at 20:05 UTC
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