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Getty Realty: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Getty Realty Corp. (GTY) on Wednesday 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 $39 million, or 63 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 $26.6 million, or 43 cents per share.

The real estate investment trust, based in New York, posted revenue of $57.8 million in the period. Its adjusted revenue was $57.4 million.

Getty Realty expects full-year funds from operations in the range of $2.50 to $2.52 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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