Getty Realty reported quarterly FFO of $0.64 per share, beating consensus estimates of $0.63, with revenues of $62.27 million exceeding expectations by 1.89%. However, the stock has underperformed the S&P 500 year-to-date, gaining 2.5% versus the market's 12.7%. The company received a Zacks Rank #3 (Hold) rating with mixed estimate revisions, suggesting near-term performance in line with the market.
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Getty Realty Corp. · NYSE
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American Tower (AMT) shares jumped 9.3% to $182.24 on strong volume, driven by optimism around SpaceX's spectrum acquisition deal which could boost demand for terrestrial infrastructure and tower leasing opportunities. The company is expected to report quarterly FFO per share of $2.84 (+2.2% YoY) and revenues of $2.77 billion (+2.1% YoY). However, FFO estimate revisions have remained flat over the past 30 days, which historically correlates with limited near-term upside potential.
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