10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-14-192549 |
| Period End Date | 20140331 |
| Filing Date | 20140509 |
| Fiscal Year | 2014 |
| Fiscal Period | Q1 |
| XBRL Instance | gty-20140331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$4.78M | USD | Point-in-time |
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$5.61M | USD | Point-in-time |
| Allowance on accounts receivable |
AllowanceForDoubtfulAccountsReceivable
|
$3.99M | USD | Point-in-time |
| Allowance on accounts receivable |
AllowanceForDoubtfulAccountsReceivable
|
$3.25M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Land |
Land
|
$342.59M | USD | Point-in-time |
| Land |
Land
|
$342.94M | USD | Point-in-time |
| Common stock, par value |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$196.61M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Buildings and improvements |
InvestmentBuildingAndBuildingImprovements
|
$196.72M | USD | Point-in-time |
| Total Real Estate |
RealEstateInvestmentPropertyAtCost
|
$539.31M | 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
|
$539.55M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$97.42M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$95.71M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$443.84M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$441.88M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$17.62M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$22.98M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$459.50M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$466.82M | USD | Point-in-time |
| Net investment in direct financing leases |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$96.83M | USD | Point-in-time |
| Net investment in direct financing leases |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$97.15M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $5,611 as of March 31, 2014 and $4,775 as of December 31, 2013) |
DeferredRentReceivablesNet
|
$16.89M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $5,611 as of March 31, 2014 and $4,775 as of December 31, 2013) |
DeferredRentReceivablesNet
|
$18.28M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$18.73M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$16.88M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.04M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.00M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.46M | USD | Point-in-time |
| Notes and mortgages receivable |
NotesReceivableGross
|
$28.79M | USD | Point-in-time |
| Notes and mortgages receivable |
NotesReceivableGross
|
$31.08M | USD | Point-in-time |
| Accounts receivable (net of allowance of $3,988 at March 31, 2014 and $3,248 at December 31, 2013) |
AccountsReceivableNet
|
$5.11M | USD | Point-in-time |
| Accounts receivable (net of allowance of $3,988 at March 31, 2014 and $3,248 at December 31, 2013) |
AccountsReceivableNet
|
$3.17M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$45.77M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$54.60M | USD | Point-in-time |
| Total assets |
Assets
|
$682.40M | USD | Point-in-time |
| Total assets |
Assets
|
$664.03M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$58.00M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$43.00M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$100.00M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$100.00M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$43.47M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$41.95M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$6.75M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$8.42M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$54.11M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$57.42M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$245.82M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$267.31M | 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 33,397,330 at March 31, 2014 and 33,397,260 at December 31, 2013 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,397,330 at March 31, 2014 and 33,397,260 at December 31, 2013 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$462.64M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$462.40M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$47.64M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$44.75M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$415.09M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$418.22M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$682.40M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$664.03M | USD | Point-in-time |
Income Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from rental properties |
RealEstateRevenueNet
|
$22.06M | USD | 1 Quarter |
| Revenues from rental properties |
RealEstateRevenueNet
|
$23.62M | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$798.00K | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$714.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$22.86M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$24.33M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$5.88M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$7.39M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$472.00K | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$130.00K | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$881.00K | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$1.11M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$4.80M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.65M | USD | 1 Quarter |
| Allowance for uncollectible accounts/(recoveries) |
AllowanceForDoubtfulAccountsReceivableNetOfRecoveries
|
$-1.29M | USD | 1 Quarter |
| Allowance for uncollectible accounts/(recoveries) |
AllowanceForDoubtfulAccountsReceivableNetOfRecoveries
|
$1.27M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.32M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.20M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.15M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.70M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$10.18M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$8.16M | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$35.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$131.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.58M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.89M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$7.73M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$5.30M | USD | 1 Quarter |
| Loss from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$-3.38M | USD | 1 Quarter |
| Loss from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$-1.24M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$8.43M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$3.15M | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$1.91M | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$5.05M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$9.64M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.35M | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.16 | USD | 1 Quarter |
| Earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.23 | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.06 | USD | 1 Quarter |
| Earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.15 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.29 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasicAndDiluted
|
$0.31 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.40M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.40M | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
- | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
- | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.40M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.40M | shares | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
NetIncomeLoss
|
$9.64M | 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
|
$2.32M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$1.66M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$3.98M | USD | 1 Quarter |
| Gains on dispositions of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$3.15M | USD | 1 Quarter |
| Gains on dispositions of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$8.43M | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$1.39M | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$2.58M | USD | 1 Quarter |
| Bad debt expense |
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
$-1.83M | USD | 1 Quarter |
| Bad debt expense |
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
$697.00K | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$1.85M | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$884.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.18M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.35M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.15M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$102.00K | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-1.97M | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-4.43M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.59M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$1.34M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$7.97M | 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
|
$9.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$6.15M | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfProductiveAssets
|
$15.46M | USD | 1 Quarter |
| Change in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$12.79M | USD | 1 Quarter |
| Change in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-4.83M | USD | 1 Quarter |
| Change in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$463.00K | USD | 1 Quarter |
| Amortization of investment in direct financing leases |
AmortizationOfInvestmentInDirectFinancingLease
|
$312.00K | USD | 1 Quarter |
| Amortization of investment in direct financing leases |
AmortizationOfInvestmentInDirectFinancingLease
|
$219.00K | USD | 1 Quarter |
| Issuance of notes and mortgages receivables |
IssuanceOfNotesAndMortgagesReceivable
|
$1.77M | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$1.73M | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$564.00K | USD | 1 Quarter |
| Net cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.65M | USD | 1 Quarter |
| Net cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$11.39M | USD | 1 Quarter |
| Borrowings under credit line |
ProceedsFromLinesOfCredit
|
$3.00M | USD | 1 Quarter |
| Borrowings under credit line |
ProceedsFromLinesOfCredit
|
$71.90M | USD | 1 Quarter |
| Repayments under credit line |
RepaymentsOfLinesOfCredit
|
$150.29M | USD | 1 Quarter |
| Repayments under credit line |
RepaymentsOfLinesOfCredit
|
$18.00M | USD | 1 Quarter |
| Borrowings under term loan |
ProceedsFromNotesPayable
|
$100.00M | USD | 1 Quarter |
| Repayments under term loan |
RepaymentsOfNotesPayable
|
$22.03M | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$4.20M | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$8.42M | USD | 1 Quarter |
| Payments of loan origination costs |
PaymentsOfLoanCosts
|
$2.77M | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-47.00K | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-8.00K | USD | 1 Quarter |
| Net cash flow (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-23.47M | USD | 1 Quarter |
| Net cash flow (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-7.40M | USD | 1 Quarter |
| Change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.11M | USD | 1 Quarter |
| Change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$1.85M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$18.73M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$16.88M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$12.04M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Cash and cash equivalents at end 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
|
$12.04M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$1.66M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$2.62M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$176.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$297.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$1.61M | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$3.95M | USD | 1 Quarter |
| Issuance of mortgages receivable related to property dispositions |
MortgageLoanRelatedToPropertySales1
|
$1.78M | USD | 1 Quarter |
| Issuance of mortgages receivable related to property dispositions |
MortgageLoanRelatedToPropertySales1
|
$2.85M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.