10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-15-181970 |
| Period End Date | 20150331 |
| Filing Date | 20150511 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | gty-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$7.02M | USD | Point-in-time |
| Allowance on deferred rent receivable |
AllowanceOnDeferredRentReceivable
|
$7.01M | USD | Point-in-time |
| Allowance on accounts receivable |
AllowanceForDoubtfulAccountsReceivable
|
$4.20M | USD | Point-in-time |
| Allowance on accounts receivable |
AllowanceForDoubtfulAccountsReceivable
|
$4.16M | USD | Point-in-time |
| Land |
Land
|
$344.32M | USD | Point-in-time |
| Land |
Land
|
$341.16M | 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 |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Buildings and improvements |
InvestmentBuildingsAndImprovementsGross
|
$246.11M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingsAndImprovementsGross
|
$243.62M | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
50.00M | shares | Point-in-time |
| Total real estate held for use, gross |
RealEstateInvestmentPropertyGross
|
$584.79M | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.42M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
33.42M | shares | Point-in-time |
| Total real estate held for use, gross |
RealEstateInvestmentPropertyGross
|
$590.44M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$99.51M | USD | Point-in-time |
| Less - accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$100.28M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$490.93M | USD | Point-in-time |
| Real estate held for use, net |
RentalProperties
|
$484.50M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$2.93M | USD | Point-in-time |
| Real estate held for sale, net |
RealEstateHeldforsale
|
$4.34M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$487.44M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$495.27M | USD | Point-in-time |
| Net investment in direct financing leases |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$95.76M | USD | Point-in-time |
| Net investment in direct financing leases |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$95.38M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $7,019 as of March 31, 2015 and $7,009 as of December 31, 2014) |
DeferredRentReceivablesNet
|
$22.00M | USD | Point-in-time |
| Deferred rent receivable (net of allowance of $7,019 as of March 31, 2015 and $7,009 as of December 31, 2014) |
DeferredRentReceivablesNet
|
$21.05M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.11M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$12.04M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.64M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$713.00K | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$409.00K | USD | Point-in-time |
| Notes and mortgages receivable |
NotesReceivableNet
|
$34.17M | USD | Point-in-time |
| Notes and mortgages receivable |
NotesReceivableNet
|
$34.23M | USD | Point-in-time |
| Accounts receivable (net of allowance of $4,198 at March 31, 2015 and $4,160 at December 31, 2014) |
AccountsReceivableNet
|
$4.82M | USD | Point-in-time |
| Accounts receivable (net of allowance of $4,198 at March 31, 2015 and $4,160 at December 31, 2014) |
AccountsReceivableNet
|
$4.39M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$31.92M | USD | Point-in-time |
| Prepaid expenses and other assets |
PrepaidExpenseAndOtherAssets
|
$32.97M | USD | Point-in-time |
| Total assets |
Assets
|
$687.50M | USD | Point-in-time |
| Total assets |
Assets
|
$682.78M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$31.50M | USD | Point-in-time |
| Borrowings under credit lines |
LineOfCredit
|
$25.00M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$100.00M | USD | Point-in-time |
| Term loans |
LoansPayable
|
$100.00M | USD | Point-in-time |
| Mortgage payable, net |
SecuredDebt
|
$346.00K | USD | Point-in-time |
| Mortgage payable, net |
SecuredDebt
|
$344.00K | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$94.94M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$91.57M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$12.15M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$7.44M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$51.42M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$49.83M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$280.48M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$284.07M | 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 33,417,203 at March 31, 2015 and December 31, 2014 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,417,203 at March 31, 2015 and December 31, 2014 |
CommonStockValue
|
$334.00K | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$463.58M | USD | Point-in-time |
| Paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$463.31M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$65.20M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$56.62M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$407.02M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$398.71M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$687.50M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$682.78M | USD | Point-in-time |
Income Statement
49 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from rental properties |
RealEstateRevenueNet
|
$23.76M | USD | 1 Quarter |
| Revenues from rental properties |
RealEstateRevenueNet
|
$23.92M | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$781.00K | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$714.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$24.47M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$24.70M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$5.96M | USD | 1 Quarter |
| Rental property expenses |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$6.14M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$6.73M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesIncludedInContinuingOperations
|
$168.00K | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$1.87M | USD | 1 Quarter |
| Environmental expenses |
EnvironmentalRemediationExpenseIncome
|
$881.00K | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.65M | USD | 1 Quarter |
| General and administrative expenses |
GeneralAndAdministrativeExpense
|
$3.79M | USD | 1 Quarter |
| Allowance for uncollectible accounts |
AllowanceForDeferredRentReceivable
|
$1.34M | USD | 1 Quarter |
| Allowance for uncollectible accounts |
AllowanceForDeferredRentReceivable
|
$50.00K | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$3.58M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$2.32M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$22.17M | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$14.33M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$10.14M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$2.54M | USD | 1 Quarter |
| Loss on dispositions of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-218.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$4.00K | USD | 1 Quarter |
| Other income |
OtherNonoperatingIncomeExpense
|
$131.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.38M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$2.58M | USD | 1 Quarter |
| (Loss)/earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$-62.00K | USD | 1 Quarter |
| (Loss)/earnings from continuing operations |
IncomeLossFromContinuingOperations
|
$7.69M | USD | 1 Quarter |
| Loss from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$-1.17M | USD | 1 Quarter |
| Loss from operating activities |
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
$-1.21M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$3.15M | USD | 1 Quarter |
| Gains on dispositions of real estate |
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
$92.00K | USD | 1 Quarter |
| (Loss)/earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$1.95M | USD | 1 Quarter |
| (Loss)/earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTax
|
$-1.07M | USD | 1 Quarter |
| Net (loss)/earnings |
NetIncomeLoss
|
$9.64M | USD | 1 Quarter |
| Net (loss)/earnings |
NetIncomeLoss
|
$-1.14M | USD | 1 Quarter |
| (Loss)/earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
$0.23 | USD | 1 Quarter |
| (Loss)/earnings from continuing operations |
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
- | USD | 1 Quarter |
| (Loss)/earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$-0.04 | USD | 1 Quarter |
| (Loss)/earnings from discontinued operations |
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
$0.06 | USD | 1 Quarter |
| Net (loss)/earnings |
EarningsPerShareBasicAndDiluted
|
$-0.04 | USD | 1 Quarter |
| Net (loss)/earnings |
EarningsPerShareBasicAndDiluted
|
$0.29 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.42M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
33.40M | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0.00 | shares | 1 Quarter |
| Stock options |
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
0.00 | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.42M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
33.40M | shares | 1 Quarter |
Cash Flow Statement
69 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss)/earnings |
NetIncomeLoss
|
$9.64M | USD | 1 Quarter |
| Net (loss)/earnings |
NetIncomeLoss
|
$-1.14M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$3.58M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationDepletionAndAmortization
|
$2.32M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$7.91M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentCharges
|
$1.66M | USD | 1 Quarter |
| Gains on dispositions of real estate-discontinued operations |
GainsOnDispositionsOfRealEstateDiscontinuedOperations
|
$3.15M | USD | 1 Quarter |
| Gains on dispositions of real estate-discontinued operations |
GainsOnDispositionsOfRealEstateDiscontinuedOperations
|
$92.00K | USD | 1 Quarter |
| Loss on dispositions of real estate-continuing operations |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-218.00K | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$1.39M | USD | 1 Quarter |
| Deferred rent receivable, net of allowance |
IncreaseDecreaseInDeferredRentReceivableNetOfAllowance
|
$955.00K | USD | 1 Quarter |
| Bad debt expense |
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
$697.00K | USD | 1 Quarter |
| Bad debt expense |
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
|
$38.00K | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$1.17M | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$620.00K | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$622.00K | USD | 1 Quarter |
| Other |
OtherOperatingActivitiesCashFlowStatement
|
$264.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.07M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.18M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-3.15M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$308.00K | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-4.43M | USD | 1 Quarter |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingenciesPeriodIncreaseDecrease
|
$-2.99M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-664.00K | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.59M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$6.32M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$7.97M | USD | 1 Quarter |
| Property acquisitions and capital expenditures |
PaymentsToAcquireProductiveAssets
|
$9.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate-discontinued operations |
ProceedsFromSaleOfRealEstateDiscontinuedOperations
|
$6.15M | USD | 1 Quarter |
| Proceeds from dispositions of real estate-discontinued operations |
ProceedsFromSaleOfRealEstateDiscontinuedOperations
|
$621.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate-continuing operations |
ProceedsFromSaleOfInvestmentRealEstate
|
$125.00K | USD | 1 Quarter |
| Change in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-535.00K | USD | 1 Quarter |
| Change in cash held for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-4.83M | USD | 1 Quarter |
| Change in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-304.00K | 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
|
$384.00K | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$927.00K | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$564.00K | USD | 1 Quarter |
| Net cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.90M | USD | 1 Quarter |
| Net cash flow provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$11.39M | USD | 1 Quarter |
| Borrowings under credit line |
ProceedsFromLinesOfCredit
|
$12.50M | USD | 1 Quarter |
| Borrowings under credit line |
ProceedsFromLinesOfCredit
|
$3.00M | USD | 1 Quarter |
| Repayments under credit line |
RepaymentsOfLinesOfCredit
|
$18.00M | USD | 1 Quarter |
| Repayments under credit line |
RepaymentsOfLinesOfCredit
|
$6.00M | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$8.42M | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$12.15M | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-47.00K | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-39.00K | USD | 1 Quarter |
| Net cash flow (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-5.69M | USD | 1 Quarter |
| Net cash flow (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-23.47M | USD | 1 Quarter |
| Change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.53M | USD | 1 Quarter |
| Change in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-4.11M | USD | 1 Quarter |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Cash and cash equivalents at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.11M | 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
|
$6.64M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.92M | USD | Point-in-time |
| Cash and cash equivalents at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.11M | 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
|
$6.64M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$2.11M | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$2.62M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$176.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$23.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$2.93M | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$3.95M | USD | 1 Quarter |
| Issuance of mortgages receivable related to property dispositions |
MortgageLoanRelatedToPropertySales1
|
$872.00K | 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.