NEW YORK (AP) — NEW YORK (AP) — Getty Realty Corp. (GTY) on Wednesday reported a key measure of profitability in its third quarter.
The New York-based real estate investment trust said it had funds from operations of $36.1 million, or 62 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $23.3 million, or 40 cents per share.
The real estate investment trust, based in New York, posted revenue of $55.6 million in the period. Its adjusted revenue was $55.2 million, which beat Street forecasts. Three analysts surveyed by Zacks expected $53.6 million.
Getty Realty expects full-year funds from operations in the range of $2.42 to $2.43 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GTY at https://www.zacks.com/ap/GTY
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
