FINWIRES · TerminalLIVE
FINWIRES

Getty Realty's Tenant Base 'Healthy' Despite Higher Energy Prices, RBC Says

By

Getty Realty's (GTY) tenant base remains "healthy" amid higher energy prices, and the company looks funded on the equity side into 2027, RBC Capital Markets analysts said in a Friday note.

The company noted that fuel-exposed tenants have largely managed to hold fuel margins despite rising gas prices, with any lost margins likely to be recovered once oil prices drop, the analysts said.

RBC said the company reported "solid" Q1 financial results, with its adjusted funds from operations per share beating expectations.

The analysts said that Getty has about $125 million in investments under contract and that the pipeline continues to lean more towards development funding, but noted that more traditional sale-leaseback acquisitions are included as well.

RBC retained a sector perform rating on the stock and increased its price target to $35 from $33.

Price: $34.15, Change: $+0.39, Percent Change: +1.16%

Related Articles

Wire

Unico Silver Reduces Rigs at Argentina Drilling Operations During Transition to Winter Operations

Unico Silver (ASX:USL) said it reduced the number of drill rigs under its drilling operations in Argentina to two from three as it moves into reduced winter operations, according to a Friday Australian bourse filing.The company plans to update the Joaquin project mineral resource estimate in the June quarter to incorporate recent infill drilling.In the same filing, the company said it is conducting pre-feasibility work streams, including geotechnical drilling and interpretation to define open-pit slope and design parameters, as well as comminution and metallurgical test work to confirm processing assumptions and recovery pathways.The company's shares fell past 1% in recent trading on Friday.

ASX:USL
Wire

Coursera Q1 Non-GAAP Earnings Fall, Revenue Rises; Shares Drop After Hours

Coursera (COUR) reported Q1 non-GAAP earnings late Thursday of $0.07 per diluted share, down from $0.12 a year earlier.Analysts polled by FactSet expected $0.08.Revenue in the three months ended March 31 rose to $195.7 million from $179.3 million a year earlier.Analysts surveyed by FactSet expected $195.1 million.Coursera expects Q2 revenue of $196 million to $200 million. Analysts project $200.7 million.The company reaffirmed full-year revenue guidance of $805 million to $815 million. Analysts project $812.7 million.Coursera shares fell 10% in after-hours trading.

$COUR
Wire

MaxLinear Q1 Swings to Adjusted Earnings, Revenue Rises; Q2 Guidance Set

MaxLinear (MXL) reported Q1 adjusted earnings late Thursday of $0.22 per diluted share, swinging from a loss of $0.05 a year earlier.Analysts polled by FactSet expected EPS of $0.18.Revenue for the three months ended March 31 was $137.2 million, up from $95.9 million a year earlier.Analysts surveyed by FactSet expected $134.6 million.For Q2, the company expects revenue of $160 million to $170 million. Analysts expect $137.1 million.The company also amended its credit agreement with certain lenders to extend the maturity of the revolving credit facility to March 2028 and also increased the amount available under the facility to $130 million.

$MXL