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StocksMediumUpdated•Originally published 23 April 2026•Updated 23 April 2026•

1 min read

Getty Realty Raises 2024 Guidance Following 15% Growth in Q1 FFO

Key Facts

1Getty Realty's Q1 FFO rose 15% to $0.63 per share.

2Management raised 2024 FFO guidance to a range of $2.50–$2.52.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Added new details regarding the company's debt maturity profile (no maturities until 2028) and specific dividend yield metrics (5.7%).

Getty Realty (GTY) reported robust first-quarter results, with Funds From Operations (FFO) rising 15% to $0.63 per share, leading management to raise its full-year 2024 FFO guidance to $2.50-$2.52 per share. The company's financial position is further bolstered by a solid balance sheet featuring no debt maturities until June 2028. Operational strength remains high, evidenced by a 99.7% occupancy rate and a 2.5x tenant rent coverage ratio. Investors are also focused on the company's 5.7% dividend yield, which analysts believe has room for future growth. These updates highlight Getty Realty's defensive profile and its ability to provide consistent returns within the REIT sector.