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10-Q Filing

GETTY REALTY CORP /MD/ CIK: 1052752 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001564590-22-016457
Period End Date 20220331
Filing Date 20220428
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance gty-10q_20220331_htm.xml
Filing Contents

This filing contains the following financial statements:

Balance Sheet 81 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 $772.09M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Land Land $775.66M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Buildings and improvements InvestmentBuildingsAndImprovementsGross $632.07M USD Point-in-time
Buildings and improvements InvestmentBuildingsAndImprovementsGross $632.13M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Investment in direct financing leases, net DirectFinancingLeaseNetInvestmentInLease $70.38M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Investment in direct financing leases, net DirectFinancingLeaseNetInvestmentInLease $71.65M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 100.00M shares Point-in-time
Construction in progress ConstructionInProgressGross $693.00K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 46.73M shares Point-in-time
Construction in progress ConstructionInProgressGross $706.00K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 46.72M shares Point-in-time
Real estate held for use RealEstateInvestmentPropertyGross $1.48B USD Point-in-time
Real estate held for use RealEstateInvestmentPropertyGross $1.48B USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.73M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 46.72M shares Point-in-time
Less accumulated depreciation and amortization RealEstateInvestmentPropertyAccumulatedDepreciation $209.04M USD Point-in-time
Less accumulated depreciation and amortization RealEstateInvestmentPropertyAccumulatedDepreciation $215.46M USD Point-in-time
Real estate held for use, net RealEstateInvestmentPropertyHeldForUseNet $1.27B USD Point-in-time
Real estate held for use, net RealEstateInvestmentPropertyHeldForUseNet $1.26B USD Point-in-time
Real estate held for sale, net RealEstateHeldforsale $176.00K USD Point-in-time
Real estate held for sale, net RealEstateHeldforsale $3.62M USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $1.26B USD Point-in-time
Real estate, net RealEstateInvestmentPropertyNet $1.27B USD Point-in-time
Notes and mortgages receivable NotesAndMortgagesReceivable $15.87M USD Point-in-time
Notes and mortgages receivable NotesAndMortgagesReceivable $14.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $24.74M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.98M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $1.71M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $1.72M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $47.64M USD Point-in-time
Deferred rent receivable DeferredRentReceivablesNet $46.93M USD Point-in-time
Accounts receivable AccountsReceivableNet $2.80M USD Point-in-time
Accounts receivable AccountsReceivableNet $3.54M USD Point-in-time
Right-of-use assets - operating OperatingLeaseRightOfUseAsset $21.09M USD Point-in-time
Right-of-use assets - operating OperatingLeaseRightOfUseAsset $20.43M USD Point-in-time
Right-of-use assets - finance FinanceLeaseRightOfUseAsset $353.00K USD Point-in-time
Right-of-use assets - finance FinanceLeaseRightOfUseAsset $379.00K USD Point-in-time
Prepaid expenses and other assets, net PrepaidExpenseAndOtherAssets $82.76M USD Point-in-time
Prepaid expenses and other assets, net PrepaidExpenseAndOtherAssets $91.87M USD Point-in-time
Total assets Assets $1.50B USD Point-in-time
Total assets Assets $1.47B USD Point-in-time
Borrowings under credit agreement LineOfCredit $60.00M USD Point-in-time
Senior unsecured notes, net UnsecuredDebt $623.31M USD Point-in-time
Senior unsecured notes, net UnsecuredDebt $523.85M USD Point-in-time
Environmental remediation obligations AccrualForEnvironmentalLossContingencies $46.96M USD Point-in-time
Environmental remediation obligations AccrualForEnvironmentalLossContingencies $47.60M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $19.47M USD Point-in-time
Dividends payable DividendsPayableCurrentAndNoncurrent $19.62M USD Point-in-time
Lease liability - operating OperatingLeaseLiability $22.98M USD Point-in-time
Lease liability - operating OperatingLeaseLiability $22.31M USD Point-in-time
Lease liability - finance FinanceLeaseLiability $1.89M USD Point-in-time
Lease liability - finance FinanceLeaseLiability $2.00M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $42.32M USD Point-in-time
Accounts payable and accrued liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $45.94M USD Point-in-time
Total liabilities Liabilities $756.42M USD Point-in-time
Total liabilities Liabilities $721.84M 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; 46,732,381 and 46,715,734 shares issued and outstanding, respectively CommonStockValue $467.00K USD Point-in-time
Common stock, $0.01 par value; 100,000,000 shares authorized; 46,732,381 and 46,715,734 shares issued and outstanding, respectively CommonStockValue $467.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $818.79M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $818.21M USD Point-in-time
Dividends paid in excess of earnings AccumulatedDistributionsInExcessOfNetIncome $74.44M USD Point-in-time
Dividends paid in excess of earnings AccumulatedDistributionsInExcessOfNetIncome $73.57M USD Point-in-time
Total stockholders equity StockholdersEquity $659.60M USD Point-in-time
Total stockholders equity StockholdersEquity $680.54M USD Point-in-time
Total stockholders equity StockholdersEquity $744.82M USD Point-in-time
Total stockholders equity StockholdersEquity $745.11M USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.47B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $1.50B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenues from rental properties OperatingLeaseLeaseIncome $36.95M USD 1 Quarter
Revenues from rental properties OperatingLeaseLeaseIncome $38.98M USD 1 Quarter
Interest on notes and mortgages receivable InterestAndFeeIncomeLoansAndLeases $337.00K USD 1 Quarter
Interest on notes and mortgages receivable InterestAndFeeIncomeLoansAndLeases $329.00K USD 1 Quarter
Total revenues Revenues $37.28M USD 1 Quarter
Total revenues Revenues $39.32M USD 1 Quarter
Property costs CostOfPropertyRepairsAndMaintenance $4.63M USD 1 Quarter
Property costs CostOfPropertyRepairsAndMaintenance $5.27M USD 1 Quarter
Impairments AssetImpairmentCharges $1.04M USD 1 Quarter
Impairments AssetImpairmentCharges $776.00K USD 1 Quarter
Environmental EnvironmentalRemediationExpense $513.00K USD 1 Quarter
Environmental EnvironmentalRemediationExpense $-141.00K USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.51M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $5.13M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $9.63M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.44M USD 1 Quarter
Total operating expenses CostsAndExpensesBeforeGainsLossesFromSaleOfProperties $20.28M USD 1 Quarter
Total operating expenses CostsAndExpensesBeforeGainsLossesFromSaleOfProperties $20.51M USD 1 Quarter
Gain on dispositions of real estate GainLossOnSaleOfPropertyPlantEquipment $6.15M USD 1 Quarter
Gain on dispositions of real estate GainLossOnSaleOfPropertyPlantEquipment $7.22M USD 1 Quarter
Operating income OperatingIncomeLoss $23.99M USD 1 Quarter
Operating income OperatingIncomeLoss $25.20M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $91.00K USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $64.00K USD 1 Quarter
Interest expense InterestExpense $6.13M USD 1 Quarter
Interest expense InterestExpense $6.54M USD 1 Quarter
Net earnings NetIncomeLoss $17.93M USD 1 Quarter
Net earnings NetIncomeLoss $18.75M USD 1 Quarter
Net earnings EarningsPerShareBasic $0.40 USD 1 Quarter
Net earnings EarningsPerShareBasic $0.39 USD 1 Quarter
Net earnings EarningsPerShareDiluted $0.40 USD 1 Quarter
Net earnings EarningsPerShareDiluted $0.39 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 46.72M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.87M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 43.88M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 46.74M shares 1 Quarter
Cash Flow Statement 77 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $18.75M USD 1 Quarter
Net earnings ProfitLoss $17.93M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $9.63M USD 1 Quarter
Depreciation and amortization expense DepreciationAndAmortization $8.44M USD 1 Quarter
Impairment charges AssetImpairmentCharges $1.04M USD 1 Quarter
Impairment charges AssetImpairmentCharges $776.00K USD 1 Quarter
Gain on dispositions of real estate GainsLossesOnSalesOfInvestmentRealEstate $7.22M USD 1 Quarter
Gain on dispositions of real estate GainsLossesOnSalesOfInvestmentRealEstate $6.15M USD 1 Quarter
Deferred rent receivable IncreaseDecreaseInDeferredRentReceivable $704.00K USD 1 Quarter
Deferred rent receivable IncreaseDecreaseInDeferredRentReceivable $736.00K USD 1 Quarter
Amortization of above-market and below-market leases AmortizationOfAboveMarketAndBelowMarketLeases $57.00K USD 1 Quarter
Amortization of above-market and below-market leases AmortizationOfAboveMarketAndBelowMarketLeases $-9.00K USD 1 Quarter
Amortization of investment in direct financing leases AmortizationOfInvestmentInDirectFinancingLease $1.15M USD 1 Quarter
Amortization of investment in direct financing leases AmortizationOfInvestmentInDirectFinancingLease $1.27M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $229.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $259.00K USD 1 Quarter
Accretion expense AssetRetirementObligationAccretionExpense $444.00K USD 1 Quarter
Accretion expense AssetRetirementObligationAccretionExpense $461.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.08M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $905.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-1.22M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-720.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $477.00K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $595.00K USD 1 Quarter
Environmental remediation obligations EnvironmentalExpenseAndLiabilities $-921.00K USD 1 Quarter
Environmental remediation obligations EnvironmentalExpenseAndLiabilities $-1.79M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-3.10M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.31M USD 1 Quarter
Net cash flow provided by operating activities NetCashProvidedByUsedInOperatingActivities $19.41M USD 1 Quarter
Net cash flow provided by operating activities NetCashProvidedByUsedInOperatingActivities $20.83M USD 1 Quarter
Property acquisitions PaymentsToAcquireCommercialRealEstate $21.85M USD 1 Quarter
Property acquisitions PaymentsToAcquireCommercialRealEstate $7.04M USD 1 Quarter
Capital expenditures PaymentsForCapitalImprovements $176.00K USD 1 Quarter
Addition to construction in progress ProceedsOrPaymentsForConstructionInProcess $127.00K USD 1 Quarter
Addition to construction in progress ProceedsOrPaymentsForConstructionInProcess $13.00K USD 1 Quarter
Proceeds from dispositions of real estate ProceedsFromSaleOfInvestmentRealEstate $8.50M USD 1 Quarter
Proceeds from dispositions of real estate ProceedsFromSaleOfInvestmentRealEstate $10.37M USD 1 Quarter
Deposits for property acquisitions IncreaseDecreaseInCashHeldForPropertyAcquisitions $10.17M USD 1 Quarter
Deposits for property acquisitions IncreaseDecreaseInCashHeldForPropertyAcquisitions $-1.73M USD 1 Quarter
Issuance of notes and mortgages receivable IssuanceOfNotesAndMortgagesReceivable $1.67M USD 1 Quarter
Issuance of notes and mortgages receivable IssuanceOfNotesAndMortgagesReceivable $8.39M USD 1 Quarter
Collection of notes and mortgages receivable CollectionOfNotesAndMortgagesReceivable $608.00K USD 1 Quarter
Collection of notes and mortgages receivable CollectionOfNotesAndMortgagesReceivable $535.00K USD 1 Quarter
Net cash flow used in investing activities NetCashProvidedByUsedInInvestingActivities $-19.79M USD 1 Quarter
Net cash flow used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.92M USD 1 Quarter
Borrowings under credit agreement ProceedsFromLinesOfCredit $15.00M USD 1 Quarter
Repayments under credit agreement RepaymentsOfLinesOfCredit $25.00M USD 1 Quarter
Repayments under credit agreement RepaymentsOfLinesOfCredit $75.00M USD 1 Quarter
Proceeds from senior unsecured notes ProceedsFromBorrowingsUnderTermLoanAgreements $100.00M USD 1 Quarter
Payment of debt issuance costs PaymentsOfDebtIssuanceCosts $588.00K USD 1 Quarter
Payment of finance lease obligations FinanceLeasePrincipalPayments $112.00K USD 1 Quarter
Payment of finance lease obligations FinanceLeasePrincipalPayments $174.00K USD 1 Quarter
Security deposits refunded IncreaseDecreaseInCustomerSecurityDepositsFinancingActivities $-11.00K USD 1 Quarter
Security deposits refunded IncreaseDecreaseInCustomerSecurityDepositsFinancingActivities $-160.00K USD 1 Quarter
Payments of cash dividends PaymentsOfDividends $17.31M USD 1 Quarter
Payments of cash dividends PaymentsOfDividends $19.45M USD 1 Quarter
Payments in settlement of restricted stock units PaymentsInSettlementOfRestrictedStockUnits $484.00K USD 1 Quarter
Payments in settlement of restricted stock units PaymentsInSettlementOfRestrictedStockUnits $496.00K USD 1 Quarter
Net cash flow provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $19.32M USD 1 Quarter
Net cash flow provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-22.87M USD 1 Quarter
Change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-23.24M USD 1 Quarter
Change in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $32.23M USD 1 Quarter
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $26.46M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $58.69M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $57.05M USD Point-in-time
Cash, cash equivalents and restricted cash at beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $33.81M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $26.46M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $58.69M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $57.05M USD Point-in-time
Cash, cash equivalents and restricted cash at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $33.81M USD Point-in-time
Interest InterestPaidNet $6.07M USD 1 Quarter
Interest InterestPaidNet $5.81M USD 1 Quarter
Income taxes IncomeTaxesPaidNet $284.00K USD 1 Quarter
Environmental remediation obligations EnvironmentalRemediationCostsPaid $613.00K USD 1 Quarter
Environmental remediation obligations EnvironmentalRemediationCostsPaid $969.00K USD 1 Quarter
Dividends declared but not yet paid DividendsDeclaredButNotYetPaid $19.62M USD 1 Quarter
Dividends declared but not yet paid DividendsDeclaredButNotYetPaid $17.69M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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