Getty Realty (GTY) Q2 2025 Earnings Transcript

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Wed, April 22, 2026 astatine 11:40 AM CDT 27 min read

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Thursday, July 24, 2025 astatine 8:30 a.m. ET

• Chief Executive Officer — Christopher Constant

• Chief Operating Officer — Mark Olear

• Chief Financial Officer — Brian Dickman

• General Counsel — Joshua Dicker

Joshua Dicker: Thank you, operator. I would similar to convey you each for joining america for Getty Realty's Second Quarter Earnings Conference Call. Yesterday afternoon, the institution released its fiscal and operating results for the 4th ended June 30, 2025. The Form 8-K and net merchandise are disposable successful the Investor Relations conception of our website astatine gettyrealty.com. Certain statements made during this telephone are not based connected humanities accusation and whitethorn represent forward-looking statements. These statements bespeak management's existent expectations and beliefs and are taxable to trends, events and uncertainties that could origin existent results to disagree materially from those described successful the forward-looking statements.

Examples of forward-looking statements see our 2025 guidance and whitethorn see statements made by management, including those regarding the company's aboriginal operations, aboriginal fiscal show oregon concern plans and opportunities. We caution you that specified statements bespeak our champion judgement based connected factors presently known to america and that existent events oregon results could disagree materially. I notation you to the company's yearly study connected Form 10-K for the twelvemonth ended December 31, 2024, arsenic good arsenic immoderate consequent filings with the SEC for a much elaborate treatment of the risks and different factors that could origin existent results to disagree materially from those expressed oregon implied successful immoderate forward-looking statements made today.

You should not spot undue reliance connected forward-looking statements, which bespeak our presumption lone arsenic of today. The institution undertakes nary work to update immoderate forward-looking statements that whitethorn beryllium made during this call. Also, delight notation to our net merchandise for a treatment of our usage of non-GAAP fiscal measures, including our explanation of adjusted funds from operations, oregon AFFO, and our reconciliation of those measures to nett earnings. With that, fto maine crook the telephone implicit to Christopher Constant, our Chief Executive Officer.

Christopher Constant: Thank you, Josh. Good morning, everyone, and invited to our net telephone for the 2nd 4th of 2025. Joining america connected the telephone contiguous are Mark Olear, our Chief Operating Officer; and Brian Dickman, our Chief Financial Officer. I volition pb disconnected today's telephone by highlighting our quarterly fiscal results, accelerating concern enactment and caller tenant performance. Mark volition past sermon our portfolio and concern activities, and Brian volition supply further details connected our earnings, equilibrium expanse and 2025 AFFO guidance. Getty had a beardown 4th and grew its annualized basal rent by 9.9% to astir $204 cardinal during the 2nd quarter. And we besides produced AFFO per stock of $0.59, an summation of 1.7% compared to the anterior year.