Company: GTY
Filing Date: 2025-02-13
Form Type: 10-K
Source: 0000950170-25-019976
Chunk: 64

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-02-13
Form: 10-K
Item: Item 7
Chunk 64
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    Basic per share amounts:

    Net earnings
     
    $
    1.26

    $
    1.16

    $
    1.88

    FFO (a)

    2.22

    2.07

    2.45

    AFFO (a)

    2.35

    2.26

    2.14

    Diluted per share amounts:

    Net earnings
     
    $
    1.25

    $
    1.15

    $
    1.88

    FFO (a)

    2.21

    2.06

    2.44

    AFFO (a)

    2.34

    2.25

    2.14

    Weighted average common shares outstanding:

          Basic

    54,305

    50,020

    46,730

          Diluted

    54,552

    50,216

    46,838

(a)Dividends paid and undistributed earnings allocated, if any, to unvested restricted stockholders are deducted from FFO and AFFO for the computation of the per share amounts. The following amounts were deducted:

34

    Year ended December 31,

    2024

    2023

    2022

    FFO
     
    $
    3,208

    $
    2,624

    $
    2,734

    AFFO

    3,384

    2,865

    2,394

Results of Operations

Year ended December 31, 2024, compared to year ended December 31, 2023

The following table presents select data and comparative results from our consolidated statements of operations for the year ended December 31, 2024, as compared to the year ended December 31, 2023 (in thousands):

    Year ended December 31,

    2024

    2023

    $ Change

    Revenues:

    Revenues from rental properties
     
    $
    198,669

    $
    180,488

    $
    18,181

    Interest on notes and mortgages receivable

    4,722

    5,358

    (636
    )

    Operating expenses:

    Property costs