Company: GTY
Filing Date: 2025-04-24
Form Type: 10-Q
Source: 0000950170-25-058063
Chunk: 0

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-04-24
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)

     March 31,

     December 31,

     2025

     2024

     ASSETS:

     Real Estate:

     Land
      
     $
     947,414

     $
     943,800

     Buildings and improvements

     1,032,694

     1,028,799

     Lease intangible assets

     170,247

     171,129

     Investment in direct financing leases, net

     42,322

     43,416

     Construction in progress

     83

     96

     Real estate held for use

     2,192,760

     2,187,240

     Less accumulated depreciation and amortization

     (364,206
     )

     (350,626
     )

     Real estate held for use, net

     1,828,554

     1,836,614

     Real estate held for sale, net

     200

     243

     Real estate, net

     1,828,754

     1,836,857

     Notes and mortgages receivable

     30,706

     29,454

     Cash and cash equivalents

     6,292

     9,484

     Restricted cash

     4,097

     4,133

     Deferred rent receivable

     63,502

     61,553

     Accounts receivable

     1,990

     2,509

     Right-of-use assets - operating

     11,840

     12,368

     Right-of-use assets - finance

     96

     107

     Prepaid expenses and other assets

     22,358

     17,215

     Total assets
      
     $
     1,969,635

     $
     1,973,680

     LIABILITIES AND STOCKHOLDERS’ EQUITY:

     Credit Facility
      
     $
     157,500

     $
     82,500

     Term Loan, net

     —

     148,951

     Senior Unsecured Notes, net

     748,287

     673,511

     Environmental remediation obligations

     20,593