Key Highlights

  • The 13th consecutive annual Dividend increase arrived on October 20, 2026, as the quarterly payment rose 3.1% to USD 0.50, payable January 7, 2027. That is an annualized USD 2.00 (calculated).
  • The company now expects 2026 AFFO of USD 2.53 to USD 2.54 per diluted share, up from earlier guidance, and against that midpoint of USD 2.535 the annualized USD 2.00 dividend equals a calculated 79% payout ratio.
  • Third-quarter acquisitions and funding covered 68 properties at a cost of USD 297.4 million, a 6.9% initial cash yield. Year-to-date spending reached USD 502.3 million at 7.2%, and Revenue hit USD 63.0 million.
  • The portfolio includes 1,269 freestanding properties spread over 46 states plus Washington, D.C., while USD 1.2 billion of total Debt and a BBB- rating shape how the payout is funded.

Dividend Increase Details: Rate, Timing and Growth History at Getty Realty Corp. (NYSE:GTY)

The board approved a USD 0.50 quarterly dividend on October 20, 2026, up 3.1% from the previous USD 0.485 rate. Shareholders of record as of December 24, 2026 will receive payment on January 7, 2027. On an annualized basis the dividend totals USD 2.00 per share (calculated) for Getty Realty Corp. (NYSE:GTY). According to the release, this is the 13th straight year Getty has increased its cash dividend.

Coverage Through AFFO: Third-Quarter Per-Share Results at Getty Realty Corp. (NYSE:GTY)

Adjusted funds from operations, or AFFO, is the coverage measure for a net Lease REIT. Third-quarter AFFO reached USD 41.1 million, or USD 0.64 per share, compared with USD 0.62 a year earlier, while FFO per share came in at USD 0.61 versus USD 0.66. Through nine months, AFFO per share reached USD 1.89 compared with USD 1.80, a 5.0% increase (calculated). Net Earnings totaled USD 25.6 million, equal to USD 0.40 per diluted share. The USD 0.50 quarterly dividend equals 78% of third-quarter AFFO per share (calculated) at Getty Realty Corp. (NYSE:GTY).

Funding Mix and Credit Profile: Debt, Term Loan and Share Count at Getty Realty Corp. (NYSE:GTY)

Debt stands at USD 1.2 billion overall. That consists of USD 1.0 billion in senior unsecured notes, priced at a 4.5% weighted average rate with 5.5 years to weighted average maturity, along with USD 200.0 million taken from a USD 450.0 million revolver. A term loan of USD 200.0 million, recently added, carries an effective 5.03% and comes due October 16, 2028. Cash on hand was USD 8.8 million. The share count climbed to 67.1 million from 59.8 million, roughly 12% (calculated), which dilutes per-share growth. As general context, refinancing costs, tenant concentration, the single-sector nature of the net lease portfolio and Acquisition pricing are the main risks.

Where Things Stand

Getty Realty Corp. (NYSE:GTY) headed into the fourth quarter with momentum in external growth and a steady payout framework. Rental revenue rose to USD 62.3 million from USD 55.2 million, and after quarter end the company put another USD 46.3 million to work at a 7.6% initial cash yield. A committed pipeline tops USD 75 million across 29 properties, and disposals this year reached 14 properties sold for USD 23.5 million. Roughly 1.5 million shares still sit under forward agreements, which could bring in around USD 51.8 million. Christopher Constant, the chief executive, pointed to a 5.0% year-to-date AFFO per share gain and said the company will re-examine its pipeline with disciplined Capital allocation.