XML 24 R2.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Real Estate:    
Land $ 341,164us-gaap_Land $ 344,324us-gaap_Land
Buildings and improvements 243,625gty_InvestmentBuildingsAndImprovementsGross 246,112gty_InvestmentBuildingsAndImprovementsGross
Total real estate held for use, gross 584,789gty_RealEstateInvestmentPropertyGross 590,436gty_RealEstateInvestmentPropertyGross
Less - accumulated depreciation and amortization (100,284)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation (99,510)us-gaap_RealEstateInvestmentPropertyAccumulatedDepreciation
Real estate held for use, net 484,505us-gaap_RentalProperties 490,926us-gaap_RentalProperties
Real estate held for sale, net 2,930us-gaap_RealEstateHeldforsale 4,343us-gaap_RealEstateHeldforsale
Real estate, net 487,435us-gaap_RealEstateInvestmentPropertyNet 495,269us-gaap_RealEstateInvestmentPropertyNet
Net investment in direct financing leases 95,380us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases 95,764us-gaap_CapitalLeasesNetInvestmentInDirectFinancingLeases
Deferred rent receivable (net of allowance of $7,019 as of March 31, 2015 and $7,009 as of December 31, 2014) 22,004us-gaap_DeferredRentReceivablesNet 21,049us-gaap_DeferredRentReceivablesNet
Cash and cash equivalents 6,640us-gaap_CashAndCashEquivalentsAtCarryingValue 3,111us-gaap_CashAndCashEquivalentsAtCarryingValue
Restricted cash 409us-gaap_RestrictedCashAndCashEquivalents 713us-gaap_RestrictedCashAndCashEquivalents
Notes and mortgages receivable 34,171us-gaap_NotesReceivableNet 34,226us-gaap_NotesReceivableNet
Accounts receivable (net of allowance of $4,198 at March 31, 2015 and $4,160 at December 31, 2014) 4,823us-gaap_AccountsReceivableNet 4,395us-gaap_AccountsReceivableNet
Prepaid expenses and other assets 31,918us-gaap_PrepaidExpenseAndOtherAssets 32,974us-gaap_PrepaidExpenseAndOtherAssets
Total assets 682,780us-gaap_Assets 687,501us-gaap_Assets
LIABILITIES AND SHAREHOLDERS' EQUITY:    
Borrowings under credit lines 31,500us-gaap_LineOfCredit 25,000us-gaap_LineOfCredit
Term loans 100,000us-gaap_LoansPayable 100,000us-gaap_LoansPayable
Mortgage payable, net 346us-gaap_SecuredDebt 344us-gaap_SecuredDebt
Environmental remediation obligations 94,945us-gaap_AccrualForEnvironmentalLossContingencies 91,566us-gaap_AccrualForEnvironmentalLossContingencies
Dividends payable 7,442us-gaap_DividendsPayableCurrentAndNoncurrent 12,150us-gaap_DividendsPayableCurrentAndNoncurrent
Accounts payable and accrued liabilities 49,834us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent 51,417us-gaap_AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
Total liabilities 284,067us-gaap_Liabilities 280,477us-gaap_Liabilities
Commitments and contingencies (notes 2, 3, 4 and 5)      
Shareholders' equity:    
Common stock, par value $.01 per share; authorized 50,000,000 shares; issued 33,417,203 at March 31, 2015 and December 31, 2014 334us-gaap_CommonStockValue 334us-gaap_CommonStockValue
Paid-in capital 463,582us-gaap_AdditionalPaidInCapitalCommonStock 463,314us-gaap_AdditionalPaidInCapitalCommonStock
Dividends paid in excess of earnings (65,203)us-gaap_AccumulatedDistributionsInExcessOfNetIncome (56,624)us-gaap_AccumulatedDistributionsInExcessOfNetIncome
Total shareholders' equity 398,713us-gaap_StockholdersEquity 407,024us-gaap_StockholdersEquity
Total liabilities and shareholders' equity $ 682,780us-gaap_LiabilitiesAndStockholdersEquity $ 687,501us-gaap_LiabilitiesAndStockholdersEquity