Getty Realty reported strong third-quarter results with over 10% year-over-year growth in annualized base rent and a 5.1% increase in AFFO per share, underscoring the strength of its fully occupied convenience and automotive retail portfolio.
- Annualized base rent grew more than 10% year-over-year, reflecting robust tenant performance.
- Quarterly AFFO per share increased by 5.1%, driven by stable rental income and strong rent coverage of 2.6x.
- Year-to-date investments surpassed $235 million, exceeding full-year 2024 levels, with notable expansion in the drive-thru QSR segment.
- Successfully diversified the tenant base by adding 10 new tenants in 2025, with a committed investment pipeline exceeding $75 million.
- Closed a $100 million sale-leaseback transaction for 12 units with the regional operator Now & Forever, highlighting strategic growth in high-potential markets.
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