10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001564590-20-021936 |
| Period End Date | 20200331 |
| Filing Date | 20200506 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | gty-10q_20200331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
78 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, shares authorized |
PreferredStockSharesAuthorized
|
20.00M | shares | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | Point-in-time |
| Land |
Land
|
$674.81M | USD | Point-in-time |
| Land |
Land
|
$669.35M | USD | Point-in-time |
| Preferred stock, shares issued |
PreferredStockSharesIssued
|
0.00 | shares | 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 |
InvestmentBuildingsAndImprovementsGross
|
$442.22M | USD | Point-in-time |
| Buildings and improvements |
InvestmentBuildingsAndImprovementsGross
|
$488.70M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$2.08M | USD | Point-in-time |
| Construction in progress |
ConstructionInProgressGross
|
$897.00K | USD | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Common stock, shares authorized |
CommonStockSharesAuthorized
|
100.00M | shares | Point-in-time |
| Total real estate held for use, gross |
RealEstateInvestmentPropertyGross
|
$1.16B | USD | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
41.39M | shares | Point-in-time |
| Common stock, shares issued |
CommonStockSharesIssued
|
41.37M | shares | Point-in-time |
| Total real estate held for use, gross |
RealEstateInvestmentPropertyGross
|
$1.11B | USD | Point-in-time |
| Less accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$170.92M | USD | Point-in-time |
| Less accumulated depreciation and amortization |
RealEstateInvestmentPropertyAccumulatedDepreciation
|
$165.89M | USD | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
41.37M | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
41.39M | shares | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$947.76M | USD | Point-in-time |
| Real estate, net |
RealEstateInvestmentPropertyNet
|
$993.49M | USD | Point-in-time |
| Investment in direct financing leases, net |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$80.81M | USD | Point-in-time |
| Investment in direct financing leases, net |
CapitalLeasesNetInvestmentInDirectFinancingLeases
|
$82.37M | USD | Point-in-time |
| Notes and mortgages receivable |
NotesAndMortgagesReceivable
|
$28.65M | USD | Point-in-time |
| Notes and mortgages receivable |
NotesAndMortgagesReceivable
|
$30.86M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$35.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$21.78M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$2.01M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.88M | USD | Point-in-time |
| Deferred rent receivable |
DeferredRentReceivablesNet
|
$41.25M | USD | Point-in-time |
| Deferred rent receivable |
DeferredRentReceivablesNet
|
$42.03M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$1.52M | USD | Point-in-time |
| Accounts receivable |
AccountsReceivableNet
|
$3.06M | USD | Point-in-time |
| Right-of-use assets - operating |
OperatingLeaseRightOfUseAsset
|
$21.19M | USD | Point-in-time |
| Right-of-use assets - operating |
OperatingLeaseRightOfUseAsset
|
$19.34M | USD | Point-in-time |
| Right-of-use assets - finance |
FinanceLeaseRightOfUseAsset
|
$987.00K | USD | Point-in-time |
| Right-of-use assets - finance |
FinanceLeaseRightOfUseAsset
|
$931.00K | USD | Point-in-time |
| Prepaid expenses and other assets, net |
PrepaidExpenseAndOtherAssets
|
$64.77M | USD | Point-in-time |
| Prepaid expenses and other assets, net |
PrepaidExpenseAndOtherAssets
|
$60.64M | USD | Point-in-time |
| Total assets |
Assets
|
$1.27B | USD | Point-in-time |
| Total assets |
Assets
|
$1.21B | USD | Point-in-time |
| Borrowings under credit agreement, net |
LineOfCredit
|
$20.00M | USD | Point-in-time |
| Borrowings under credit agreement, net |
LineOfCredit
|
$85.00M | USD | Point-in-time |
| Senior unsecured notes, net |
UnsecuredDebt
|
$449.06M | USD | Point-in-time |
| Senior unsecured notes, net |
UnsecuredDebt
|
$449.11M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$50.36M | USD | Point-in-time |
| Environmental remediation obligations |
AccrualForEnvironmentalLossContingencies
|
$50.72M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$15.56M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$15.63M | USD | Point-in-time |
| Lease liability - operating |
OperatingLeaseLiability
|
$19.98M | USD | Point-in-time |
| Lease liability - operating |
OperatingLeaseLiability
|
$21.84M | USD | Point-in-time |
| Lease liability - finance |
FinanceLeaseLiability
|
$4.19M | USD | Point-in-time |
| Lease liability - finance |
FinanceLeaseLiability
|
$4.04M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$60.96M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$58.88M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$622.34M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$683.00M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; unissued |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock, $0.01 par value; 20,000,000 shares authorized; unissued |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 41,391,351 and 41,367,846 shares issued and outstanding, respectively |
CommonStockValue
|
$414.00K | USD | Point-in-time |
| Common stock, $0.01 par value; 100,000,000 shares authorized; 41,391,351 and 41,367,846 shares issued and outstanding, respectively |
CommonStockValue
|
$414.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$656.98M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$656.13M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$70.92M | USD | Point-in-time |
| Dividends paid in excess of earnings |
AccumulatedDistributionsInExcessOfNetIncome
|
$67.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$581.16M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$586.48M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$578.24M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$589.44M | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.27B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$1.21B | USD | Point-in-time |
Income Statement
36 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues from rental properties |
OperatingLeasesIncomeStatementLeaseRevenue
|
$34.65M | USD | 1 Quarter |
| Revenues from rental properties |
OperatingLeasesIncomeStatementLeaseRevenue
|
$33.29M | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$762.00K | USD | 1 Quarter |
| Interest on notes and mortgages receivable |
InterestAndFeeIncomeLoansAndLeases
|
$713.00K | USD | 1 Quarter |
| Total revenues |
Revenues
|
$35.36M | USD | 1 Quarter |
| Total revenues |
Revenues
|
$34.05M | USD | 1 Quarter |
| Property costs |
CostOfPropertyRepairsAndMaintenance
|
$4.93M | USD | 1 Quarter |
| Property costs |
CostOfPropertyRepairsAndMaintenance
|
$5.50M | USD | 1 Quarter |
| Impairments |
AssetImpairmentCharges
|
$1.03M | USD | 1 Quarter |
| Impairments |
AssetImpairmentCharges
|
$771.00K | USD | 1 Quarter |
| Environmental |
EnvironmentalRemediationExpense
|
$903.00K | USD | 1 Quarter |
| Environmental |
EnvironmentalRemediationExpense
|
$221.00K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.07M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$4.06M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$6.10M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$7.10M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpensesBeforeGainsLossesFromSaleOfProperties
|
$17.33M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpensesBeforeGainsLossesFromSaleOfProperties
|
$17.35M | USD | 1 Quarter |
| Gain (loss) on dispositions of real estate |
GainLossOnSaleOfPropertyPlantEquipment
|
$869.00K | USD | 1 Quarter |
| Gain (loss) on dispositions of real estate |
GainLossOnSaleOfPropertyPlantEquipment
|
$-51.00K | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$18.88M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$16.67M | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$205.00K | USD | 1 Quarter |
| Other income (expense), net |
OtherNonoperatingIncomeExpense
|
$495.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$6.67M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$5.95M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$10.93M | USD | 1 Quarter |
| Net earnings |
NetIncomeLoss
|
$12.70M | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasic
|
$0.26 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareBasic
|
$0.30 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareDiluted
|
$0.30 | USD | 1 Quarter |
| Net earnings |
EarningsPerShareDiluted
|
$0.26 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
40.87M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
41.38M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
41.39M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
40.89M | shares | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net earnings |
ProfitLoss
|
$10.93M | USD | 1 Quarter |
| Net earnings |
ProfitLoss
|
$12.70M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$6.10M | USD | 1 Quarter |
| Depreciation and amortization expense |
DepreciationAndAmortization
|
$7.10M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesContinuingAndDiscontinuingOperations
|
$1.03M | USD | 1 Quarter |
| Impairment charges |
AssetImpairmentChargesContinuingAndDiscontinuingOperations
|
$771.00K | USD | 1 Quarter |
| (Gain) loss on dispositions of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$-51.00K | USD | 1 Quarter |
| (Gain) loss on dispositions of real estate |
GainsLossesOnSalesOfInvestmentRealEstate
|
$869.00K | USD | 1 Quarter |
| Deferred rent receivable |
IncreaseDecreaseInDeferredRentReceivable
|
$955.00K | USD | 1 Quarter |
| Deferred rent receivable |
IncreaseDecreaseInDeferredRentReceivable
|
$777.00K | USD | 1 Quarter |
| Amortization of above-market and below-market leases |
AmortizationOfAboveMarketAndBelowMarketLeases
|
$172.00K | USD | 1 Quarter |
| Amortization of above-market and below-market leases |
AmortizationOfAboveMarketAndBelowMarketLeases
|
$108.00K | USD | 1 Quarter |
| Amortization of investment in direct financing leases |
AmortizationOfInvestmentInDirectFinancingLease
|
$827.00K | USD | 1 Quarter |
| Amortization of investment in direct financing leases |
AmortizationOfInvestmentInDirectFinancingLease
|
$982.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$235.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$260.00K | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$538.00K | USD | 1 Quarter |
| Accretion expense |
AssetRetirementObligationAccretionExpense
|
$466.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$732.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$474.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.46M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-1.34M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$765.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$188.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalExpenseAndLiabilities
|
$-2.11M | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalExpenseAndLiabilities
|
$-1.87M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.80M | USD | 1 Quarter |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-2.02M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$15.48M | USD | 1 Quarter |
| Net cash flow provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$17.87M | USD | 1 Quarter |
| Property acquisitions |
PaymentsToAcquireCommercialRealEstate
|
$57.32M | USD | 1 Quarter |
| Addition to construction in progress |
ProceedsOrPaymentsForConstructionInProcess
|
$-7.00K | USD | 1 Quarter |
| Addition to construction in progress |
ProceedsOrPaymentsForConstructionInProcess
|
$151.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfInvestmentRealEstate
|
$851.00K | USD | 1 Quarter |
| Proceeds from dispositions of real estate |
ProceedsFromSaleOfInvestmentRealEstate
|
$77.00K | USD | 1 Quarter |
| Deposits for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-690.00K | USD | 1 Quarter |
| Deposits for property acquisitions |
IncreaseDecreaseInCashHeldForPropertyAcquisitions
|
$-50.00K | USD | 1 Quarter |
| (Issuance) of notes and mortgages receivable |
IssuanceOfNotesAndMortgagesReceivable
|
$382.00K | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$1.91M | USD | 1 Quarter |
| Collection of notes and mortgages receivable |
CollectionOfNotesAndMortgagesReceivable
|
$2.69M | USD | 1 Quarter |
| Net cash flow (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.50M | USD | 1 Quarter |
| Net cash flow (used in) provided by investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-53.08M | USD | 1 Quarter |
| Borrowings under credit agreement |
ProceedsFromLinesOfCredit
|
$5.00M | USD | 1 Quarter |
| Borrowings under credit agreement |
ProceedsFromLinesOfCredit
|
$65.00M | USD | 1 Quarter |
| Repayments under credit agreement |
RepaymentsOfLinesOfCredit
|
$35.00M | USD | 1 Quarter |
| Payment of finance lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$153.00K | USD | 1 Quarter |
| Payment of finance lease obligations |
RepaymentsOfLongTermCapitalLeaseObligations
|
$127.00K | USD | 1 Quarter |
| Security deposits received (refunded) |
IncreaseDecreaseInCustomerSecurityDepositsFinancingActivities
|
$63.00K | USD | 1 Quarter |
| Security deposits received (refunded) |
IncreaseDecreaseInCustomerSecurityDepositsFinancingActivities
|
$-242.00K | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$15.16M | USD | 1 Quarter |
| Payments of cash dividends |
PaymentsOfDividends
|
$14.14M | USD | 1 Quarter |
| Payments in settlement of restricted stock units |
PaymentsInSettlementOfRestrictedStockUnits
|
$244.00K | USD | 1 Quarter |
| Payments in settlement of restricted stock units |
PaymentsInSettlementOfRestrictedStockUnits
|
$115.00K | USD | 1 Quarter |
| Net cash flow provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-44.64M | USD | 1 Quarter |
| Net cash flow provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$49.48M | USD | 1 Quarter |
| Change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-27.66M | USD | 1 Quarter |
| Change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$14.27M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$21.08M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$23.66M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$48.74M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$37.93M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$21.08M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$23.66M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$48.74M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
$37.93M | USD | Point-in-time |
| Interest |
InterestPaidNet
|
$5.76M | USD | 1 Quarter |
| Interest |
InterestPaidNet
|
$6.35M | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$251.00K | USD | 1 Quarter |
| Income taxes |
IncomeTaxesPaidNet
|
$222.00K | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$1.32M | USD | 1 Quarter |
| Environmental remediation obligations |
EnvironmentalRemediationCostsPaid
|
$1.53M | USD | 1 Quarter |
| Dividends declared but not yet paid |
DividendsDeclaredButNotYetPaid
|
$15.63M | USD | 1 Quarter |
| Dividends declared but not yet paid |
DividendsDeclaredButNotYetPaid
|
$14.55M | USD | 1 Quarter |
| Issuance of notes and mortgages receivable related to property dispositions |
MortgageLoanRelatedToPropertySales1
|
$792.00K | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.