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Getty Realty: Q1 Earnings Snapshot
By AP News - Apr 25, 2024, 04:54 PM ET
Last Updated - Apr 25, 2024, 04:54 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Getty Realty Corp. (GTY) on Thursday reported a key measure of profitability in its first quarter.
The New York-based real estate investment trust said it had funds from operations of $31.4 million, or 57 cents per share, in the period.
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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 $16.7 million, or 30 cents per share.
The real estate investment trust, based in New York, posted revenue of $49 million in the period. Its adjusted revenue was $47.2 million.
Getty Realty expects full-year funds from operations in the range of $2.29 to $2.31 per share.
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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
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