10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-13-214477 |
| Period End Date | 20130331 |
| Filing Date | 20130510 |
| Fiscal Year | 2013 |
| Fiscal Period | Q1 |
| XBRL Instance | gty-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance on notes, mortgages and accounts receivable |
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
$23.47M | USD | Point-in-time |
| Allowance on notes, mortgages and accounts receivable |
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
$25.37M | 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 |
| Land |
Land
|
$307.75M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Land |
Land
|
$318.81M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$191.50M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$208.32M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.40M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.40M | shares | Point-in-time |
| Total Real Estate |
RealEstateInvestmentPropertyAtCost
|
$527.14M | USD | Point-in-time |
| Total Real Estate |
RealEstateInvestmentPropertyAtCost
|
$499.25M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$106.93M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$98.31M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$400.94M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$420.21M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$25.34M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$31.57M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$445.55M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$432.51M | USD | Point-in-time |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingAndSalesTypeLeases
|
$91.90M | USD | Point-in-time |
| Net investment in direct financing leases |
NetInvestmentInDirectFinancingAndSalesTypeLeases
|
$91.69M | USD | Point-in-time |
| Deferred rent receivable |
DeferredRentReceivablesNet
|
$15.03M | USD | Point-in-time |
| Deferred rent receivable |
DeferredRentReceivablesNet
|
$12.45M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$16.88M | 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
|
$18.73M | USD | Point-in-time |
| Notes, mortgages and accounts receivable, (net of allowance of $23,471 at March 31, 2013 and $25,371 at December 31, 2012) |
AccountsAndNotesReceivableNet
|
$44.17M | USD | Point-in-time |
| Notes, mortgages and accounts receivable, (net of allowance of $23,471 at March 31, 2013 and $25,371 at December 31, 2012) |
AccountsAndNotesReceivableNet
|
$41.87M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$48.84M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$31.94M | USD | Point-in-time |
| Total assets |
Assets
|
$650.96M | USD | Point-in-time |
| Total assets |
Assets
|
$640.58M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$150.29M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$71.90M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$100.00M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$22.03M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$45.73M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$46.15M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$6.74M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$4.20M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$45.16M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$49.93M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$274.29M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$267.83M | USD | Point-in-time |
| Commitments and contingencies (notes 2, 3, 4 and 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (notes 2, 3, 4 and 5) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,396,790 at March 31, 2013 and 33,396,720 at December 31, 2012 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,396,790 at March 31, 2013 and 33,396,720 at December 31, 2012 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$461.73M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$461.43M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$89.01M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$85.40M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$376.66M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$372.75M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$640.58M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$650.96M | USD | Point-in-time |
Income Statement
46 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from rental properties |
RealEstateRevenueNet
|
$26.91M | USD | 1 Quarter |
| Revenues from rental properties |
RealEstateRevenueNet
|
$23.01M | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$798.00K | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$681.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$23.81M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$27.59M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$7.96M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$6.20M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$472.00K | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$274.00K | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$1.11M | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$615.00K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$10.77M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.47M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.99M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.29M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$20.84M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$15.31M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$8.50M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$6.75M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$35.00K | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$295.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$1.48M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.89M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.64M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.56M | USD | 1 Quarter |
| Earnings (loss) from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$392.00K | USD | 1 Quarter |
| Earnings (loss) from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$-3.72M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$8.43M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$533.00K | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$925.00K | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
$4.71M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$6.49M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.35M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.17 | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.17 | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.14 | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.03 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.19 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.31 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.39M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.40M | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
- | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
- | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.39M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.40M | shares | 1 Quarter |
Cash Flow Statement
65 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$6.49M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.35M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$2.64M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$3.99M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$363.00K | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$3.98M | USD | 1 Quarter |
| Gains on dispositions of real estate |
GainLossOnSaleOfProperties
|
$533.00K | USD | 1 Quarter |
| Gains on dispositions of real estate |
GainLossOnSaleOfProperties
|
$8.43M | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$2.58M | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$507.00K | USD | 1 Quarter |
| Allowance (credit) for deferred rent and accounts receivable |
AllowanceForDeferredRentAndAccountsReceivableIncreaseDecrease
|
$1.83M | USD | 1 Quarter |
| Allowance (credit) for deferred rent and accounts receivable |
AllowanceForDeferredRentAndAccountsReceivableIncreaseDecrease
|
$-10.22M | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$1.85M | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$1.26M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$7.40M | USD | 1 Quarter |
| Accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-1.35M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$102.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$1.74M | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-927.00K | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-1.97M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.95M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.34M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$8.26M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$6.60M | USD | 1 Quarter |
| Property acquisitions and capital expenditures |
PaymentsToAcquireProductiveAssets
|
$197.00K | USD | 1 Quarter |
| Property acquisitions and capital expenditures |
PaymentsToAcquireProductiveAssets
|
$716.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$15.46M | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$624.00K | USD | 1 Quarter |
| Increase in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$12.79M | USD | 1 Quarter |
| Increase in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$572.00K | USD | 1 Quarter |
| Issuance of notes, mortgages and other receivables |
AmortizationOfInvestmentInDirectFinancingLease
|
$-1.77M | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
IssuanceOfNotesAndMortgagesReceivable
|
$-1.73M | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
IssuanceOfNotesAndMortgagesReceivable
|
$-633.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-219.00K | 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
|
$2.65M | USD | 1 Quarter |
| Borrowings under credit agreements |
ProceedsFromLongTermLinesOfCredit
|
$71.90M | USD | 1 Quarter |
| Borrowings under credit agreements |
ProceedsFromLongTermLinesOfCredit
|
$4.00M | USD | 1 Quarter |
| Repayments under credit agreements |
RepaymentsOfLongTermLinesOfCredit
|
$150.29M | USD | 1 Quarter |
| Borrowings under term loan agreement |
ProceedsFromNotesPayable
|
$100.00M | USD | 1 Quarter |
| Repayments under term loan agreement |
RepaymentsOfNotesPayable
|
$22.03M | USD | 1 Quarter |
| Repayments under term loan agreement |
RepaymentsOfNotesPayable
|
$195.00K | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$4.20M | USD | 1 Quarter |
| Payments of loan origination costs |
PaymentsOfLoanCosts
|
$2.77M | USD | 1 Quarter |
| Payments of loan origination costs |
PaymentsOfLoanCosts
|
$3.64M | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-8.00K | USD | 1 Quarter |
| Net cash flow provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$163.00K | USD | 1 Quarter |
| Net cash flow provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.40M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$8.39M | USD | 1 Quarter |
| Net increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.85M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.88M | USD | Point-in-time |
| 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
|
$18.73M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.88M | 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
|
$18.73M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$1.04M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$1.66M | USD | 1 Quarter |
| Income taxes paid, net |
IncomeTaxesPaidNet
|
$297.00K | USD | 1 Quarter |
| Income taxes paid, net |
IncomeTaxesPaidNet
|
$71.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$415.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$1.61M | USD | 1 Quarter |
| Issuance of mortgages related to property dispositions |
MortgageLoanRelatedToPropertySales1
|
$1.78M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.