Company: GTY
Filing Date: 2025-07-24
Form Type: 10-Q
Source: 0000950170-25-098370
Chunk: 0

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-07-24
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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GETTY REALTY CORP.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

(in thousands, except per share amounts)

     June 30,

     December 31,

     2025

     2024

     ASSETS:

     Real Estate:

     Land
      
     $
     978,170

     $
     943,800

     Buildings and improvements

     1,069,165

     1,028,799

     Lease intangible assets

     179,308

     171,129

     Investment in direct financing leases, net

     41,170

     43,416

     Construction in progress

     98

     96

     Real estate held for use

     2,267,911

     2,187,240

     Less accumulated depreciation and amortization

     (379,279
     )

     (350,626
     )

     Real estate held for use, net

     1,888,632

     1,836,614

     Real estate held for sale, net

     —

     243

     Real estate, net

     1,888,632

     1,836,857

     Notes and mortgages receivable

     20,417

     29,454

     Cash and cash equivalents

     7,489

     9,484

     Restricted cash

     4,097

     4,133

     Deferred rent receivable

     65,903

     61,553

     Accounts receivable

     2,555

     2,509

     Right-of-use assets - operating

     11,327

     12,368

     Right-of-use assets - finance

     84

     107

     Prepaid expenses and other assets

     14,644

     17,215

     Total assets
      
     $
     2,015,148

     $
     1,973,680

     LIABILITIES AND STOCKHOLDERS’ EQUITY:

     Credit Facility
      
     $
     175,000

     $
     82,500

     Term Loan, net

     —

     148,951

     Senior Unsecured Notes, net

     748,328

     673,511

     Environmental remediation obligations

     20,616