10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-12-215186 |
| Period End Date | 20120331 |
| Filing Date | 20120507 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | gty-20120331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
56 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$25.63M | USD | Point-in-time |
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$24.57M | USD | Point-in-time |
| Allowance on notes, mortgages and accounts receivable |
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
$9.48M | USD | Point-in-time |
| Allowance on notes, mortgages and accounts receivable |
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
$19.70M | USD | Point-in-time |
| Land |
Land
|
$345.98M | USD | Point-in-time |
| Land |
Land
|
$345.47M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$270.38M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$270.90M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.39M | shares | Point-in-time |
| Total real estate |
RealEstateInvestmentPropertyAtCost
|
$615.85M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.39M | shares | Point-in-time |
| Total real estate |
RealEstateInvestmentPropertyAtCost
|
$616.89M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$137.12M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$140.35M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$476.53M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$478.74M | USD | Point-in-time |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingAndSalesTypeLeases
|
$92.63M | USD | Point-in-time |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingAndSalesTypeLeases
|
$92.47M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $24,574 at March 31, 2012 and $25,630 at December 31, 2011) |
DeferredRentReceivablesNet
|
$8.08M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $24,574 at March 31, 2012 and $25,630 at December 31, 2011) |
DeferredRentReceivablesNet
|
$8.59M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$16.09M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.70M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$23.42M | USD | Point-in-time |
| Notes, mortgages and accounts receivable, (net of allowance of $19,700 at March 31, 2012 and $9,480 at December 31, 2011) |
AccountsAndNotesReceivableNet
|
$36.08M | USD | Point-in-time |
| Notes, mortgages and accounts receivable, (net of allowance of $19,700 at March 31, 2012 and $9,480 at December 31, 2011) |
AccountsAndNotesReceivableNet
|
$32.63M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$17.28M | USD | Point-in-time |
| Other assets |
OtherAssets
|
$11.86M | USD | Point-in-time |
| Total assets |
Assets
|
$635.09M | USD | Point-in-time |
| Total assets |
Assets
|
$643.59M | USD | Point-in-time |
| Borrowings under credit line |
LineOfCredit
|
$147.70M | USD | Point-in-time |
| Borrowings under credit line |
LineOfCredit
|
$151.70M | USD | Point-in-time |
| Term loan |
LoansPayable
|
$22.81M | USD | Point-in-time |
| Term loan |
LoansPayable
|
$22.61M | USD | Point-in-time |
| Environmental remediation costs |
AccrualForEnvironmentalLossContingencies
|
$59.01M | USD | Point-in-time |
| Environmental remediation costs |
AccrualForEnvironmentalLossContingencies
|
$57.70M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$34.71M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$31.43M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$262.92M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$264.75M | USD | Point-in-time |
| Commitments and contingencies (notes 2, 3, 5 and 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (notes 2, 3, 5 and 6) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,394,755 at March 31, 2012 and 33,394,395 at December 31, 2011 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,394,755 at March 31, 2012 and 33,394,395 at December 31, 2011 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$460.69M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$460.86M | USD | Point-in-time |
| Dividends paid in excess of earnings |
RetainedEarningsUnappropriated
|
$-88.85M | USD | Point-in-time |
| Dividends paid in excess of earnings |
RetainedEarningsUnappropriated
|
$-82.37M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$372.17M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$378.83M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$635.09M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$643.59M | USD | Point-in-time |
Income Statement
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from rental properties |
RealEstateRevenueNet
|
$24.95M | USD | 1 Quarter |
| Revenues from rental properties |
RealEstateRevenueNet
|
$31.21M | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$681.00K | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$405.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$31.89M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$25.35M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$3.46M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$6.71M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$994.00K | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$360.00K | USD | 1 Quarter |
| Environmental expenses, net |
EnvironmentalRemediationExpense
|
$1.13M | USD | 1 Quarter |
| Environmental expenses, net |
EnvironmentalRemediationExpense
|
$573.00K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$13.13M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$4.88M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$3.99M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.31M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$12.78M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$24.77M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$12.57M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$7.13M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$6.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$333.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.48M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.32M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.98M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$11.26M | USD | 1 Quarter |
| Earnings from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$57.00K | USD | 1 Quarter |
| Earnings from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$12.00K | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$495.00K | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$68.00K | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$125.00K | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$507.00K | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$11.39M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$6.49M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.18 | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.35 | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.02 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.19 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.35 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.39M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
32.50M | shares | 1 Quarter |
| Stock options and restricted stock units |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
2,000.00 | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.39M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
32.50M | shares | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$11.39M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$6.49M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$3.99M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$2.33M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$994.00K | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$363.00K | USD | 1 Quarter |
| Gains from dispositions of real estate |
GainLossOnSaleOfProperties
|
$68.00K | USD | 1 Quarter |
| Gains from dispositions of real estate |
GainLossOnSaleOfProperties
|
$533.00K | USD | 1 Quarter |
| Deferred rental revenue, net of allowance |
IncreaseDecreaseInDeferredRentReceivablesNetOfAllowance
|
$507.00K | USD | 1 Quarter |
| Deferred rental revenue, net of allowance |
IncreaseDecreaseInDeferredRentReceivablesNetOfAllowance
|
$-40.00K | USD | 1 Quarter |
| Allowance for deferred rent and accounts receivable |
AllowanceForDeferredRentAndAccountsReceivable
|
$-10.22M | USD | 1 Quarter |
| Allowance for deferred rent and accounts receivable |
AllowanceForDeferredRentAndAccountsReceivable
|
$-186.00K | USD | 1 Quarter |
| Amortization of above-market and below-market leases |
AmortizationOfAboveMarketAndBelowMarketLeases
|
$135.00K | USD | 1 Quarter |
| Amortization of above-market and below-market leases |
AmortizationOfAboveMarketAndBelowMarketLeases
|
$142.00K | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$774.00K | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$136.00K | USD | 1 Quarter |
| Stock-based employee compensation expense |
ShareBasedCompensation
|
$143.00K | USD | 1 Quarter |
| Stock-based employee compensation expense |
ShareBasedCompensation
|
$177.00K | USD | 1 Quarter |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingLeases
|
$-89.00K | USD | 1 Quarter |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingLeases
|
$-161.00K | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$7.40M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$246.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-240.00K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.46M | USD | 1 Quarter |
| Environmental remediation costs |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-314.00K | USD | 1 Quarter |
| Environmental remediation costs |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-927.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$2.17M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.95M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$16.94M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.26M | USD | 1 Quarter |
| Property acquisitions and capital expenditures |
PaymentsToAcquireProductiveAssets
|
$716.00K | USD | 1 Quarter |
| Property acquisitions and capital expenditures |
PaymentsToAcquireProductiveAssets
|
$165.39M | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$116.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$624.00K | USD | 1 Quarter |
| (Increase) decrease in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$572.00K | USD | 1 Quarter |
| (Increase) decrease in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-60.00K | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
ProceedsFromCollectionOfNotesReceivable
|
$633.00K | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
ProceedsFromCollectionOfNotesReceivable
|
$88.00K | USD | 1 Quarter |
| Issuance of notes and mortgages receivable |
IssuanceOfMortgagesReceivable
|
$30.40M | USD | 1 Quarter |
| Net cash flow provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-31.00K | USD | 1 Quarter |
| Net cash flow provided by (used in) investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-195.53M | USD | 1 Quarter |
| Borrowings under credit agreement |
ProceedsFromLongTermLinesOfCredit
|
$118.70M | USD | 1 Quarter |
| Borrowings under credit agreement |
ProceedsFromLongTermLinesOfCredit
|
$4.00M | USD | 1 Quarter |
| Repayments under term loan agreement |
RepaymentsOfNotesPayable
|
$195.00K | USD | 1 Quarter |
| Repayments under term loan agreement |
RepaymentsOfNotesPayable
|
$195.00K | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$14.43M | USD | 1 Quarter |
| Payments of loan origination costs |
PaymentsOfLoanCosts
|
$175.00K | USD | 1 Quarter |
| Payments of loan origination costs |
PaymentsOfLoanCosts
|
$3.64M | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$91.99M | USD | 1 Quarter |
| Net cash flow provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$195.89M | USD | 1 Quarter |
| Net cash flow provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$163.00K | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$17.30M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$8.39M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.09M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.70M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.12M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.42M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.09M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.70M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.12M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$23.42M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$1.34M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$1.04M | USD | 1 Quarter |
| Income taxes paid, net |
IncomeTaxesPaidNet
|
$65.00K | USD | 1 Quarter |
| Income taxes paid, net |
IncomeTaxesPaidNet
|
$71.00K | USD | 1 Quarter |
Comprehensive Income
5 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$11.39M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$6.49M | USD | 1 Quarter |
| Net unrealized gain on interest rate swap |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
$569.00K | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$11.96M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$6.49M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.