Company: GTY
Filing Date: 2025-10-23
Form Type: 10-Q
Source: 0001193125-25-248819
Chunk: 0

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-10-23
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)

     September 30,

     December 31,

     2025

     2024

     ASSETS:

     Real Estate:

     Land
      
     $
     991,510

     $
     943,800

     Buildings and improvements

     1,086,038

     1,028,799

     Lease intangible assets

     188,118

     171,129

     Investment in direct financing leases, net

     39,980

     43,416

     Construction in progress

     76

     96

     Real estate held for use

     2,305,722

     2,187,240

     Less accumulated depreciation and amortization

     (389,900
     )

     (350,626
     )

     Real estate held for use, net

     1,915,822

     1,836,614

     Real estate held for sale, net

     8,146

     243

     Real estate, net

     1,923,968

     1,836,857

     Notes and mortgages receivable, net

     21,291

     29,454

     Cash and cash equivalents

     5,190

     9,484

     Restricted cash

     4,419

     4,133

     Deferred rent receivable

     68,459

     61,553

     Accounts receivable

     1,966

     2,509

     Right-of-use assets - operating

     10,804

     12,368

     Right-of-use assets - finance

     72

     107

     Prepaid expenses and other assets

     19,706

     17,215

     Total assets
      
     $
     2,055,875

     $
     1,973,680

     LIABILITIES AND STOCKHOLDERS’ EQUITY:

     Credit Facility
      
     $
     190,000

     $
     82,500

     Term Loan, net

     —

     148,951

     Senior Unsecured Notes, net

     748,405

     673,511

     Environmental remediation obligations