Getty Realty Corp Reports Q4 EPS of $0.48 vs. $0.49

Getty Realty Corp. GTY today reported its preliminary financial results for the quarter and year ended December 31, 2010. Net earnings for the quarter ended December 31, 2010 increased by $1.2 million to $12.5 million, as compared to $11.3 million for the quarter ended December 31, 2009. Net earnings for the year ended December 31, 2010 increased by $4.7 million to $51.7 million, as compared to $47.0 million for the year ended December 31, 2009. Earnings from continuing operations for the quarter ended December 31, 2010 increased by $1.6 million to $12.4 million, as compared to $10.8 million for the quarter ended December 31, 2009. Earnings from continuing operations for the year ended December 31, 2010 increased by $8.4 million to $50.1 million, as compared to $41.7 million for the year ended December 31, 2009. Earnings from discontinued operations were $0.1 million for the quarter ended December 31, 2010 as compared to $0.5 million for the quarter ended December 31, 2009. Earnings from discontinued operations were $1.6 million for the year ended December 31, 2010 as compared to $5.4 million for the year ended December 31, 2009. The results of discontinued operations are primarily comprised of gains on dispositions of real estate. Adjusted funds from operations per share $.48