SCHEDULE IV - Mortgage Loans on Real Estate

12 Months Ended

Dec. 31, 2019

Mortgage Loans On Real Estate [Abstract]

SCHEDULE IV - Mortgage Loans on Real Estate

GETTY REALTY CORP. and SUBSIDIARIES

SCHEDULE IV—MORTGAGE LOANS ON REAL ESTATE

As of December 31, 2019

(in thousands)

Type of Loan/Borrower	Description	Location(s)	Interest Rate			Final Maturity Date	Periodic Payment Terms (a)	Prior Liens		Face Value at Inception		Amount of Principal Unpaid at Close of Period
Mortgage Loans:
Borrower A	Seller financing	East Islip, NY		9.0	%	11/2024	P & I		—	$	743	$	712
Borrower B	Seller financing	Middlesex, NJ		9.0	%	5/2021	P & I		—		255		222
Borrower C	Seller financing	Valley Cottage, NY		9.0	%	10/2020	P & I		—		431		368
Borrower D	Seller financing	Brooklyn, NY		8.0	%	6/2020	I(b)		—		2,000		2,000
Borrower E	Seller financing	Smithtown, NY		9.0	%	1/2027	P & I		—		280		280
Borrower F	Seller financing	Nyack, NY		9.0	%	9/2022	P & I		—		253		231
Borrower G	Seller financing	Baldwin, NY		9.0	%	9/2020	P & I		—		300		260
Borrower H	Seller financing	Norwalk, CT		9.0	%	4/2022	P & I		—		319		286
Borrower I	Seller financing	Stafford Springs, CT		9.0	%	1/2021	P & I		—		232		200
Borrower J	Seller financing	Waterbury, CT		9.0	%	2/2021	P & I		—		171		148
Borrower K	Seller financing	Great Barrington, MA		9.0	%	4/2021	P & I		—		58		50
Borrower L	Seller financing	Westfield, MA		9.0	%	11/2021	P & I		—		303		268
Borrower M	Seller financing	Bristol, CT		9.0	%	5/2026	P & I		—		76		75
Borrower N	Seller financing	Middletown, CT		9.0	%	5/2026	P & I		—		308		305
Borrower O	Seller financing	Simsbury, CT		9.0	%	5/2026	P & I		—		192		190
Borrower P	Seller financing	Milford, CT		9.0	%	3/2025	P & I		—		398		384
Borrower Q	Seller financing	Fairfield, CT		9.0	%	3/2025	P & I		—		390		377
Borrower R	Seller financing	Hartford, CT		9.0	%	3/2024	P & I		—		70		66
Borrower S	Seller financing	Wilmington, DE		9.0	%	11/2020	P & I		—		84		72
Borrower T	Seller financing	Fairhaven, MA		9.0	%	9/2020	P & I		—		458		389
Borrower U	Seller financing	New Bedford, MA		9.0	%	10/2021	P & I		—		363		320
Borrower V	Seller financing	Fitchburg, MA		9.0	%	10/2021	P & I		—		187		165
Borrower W	Seller financing	Oxford, MA		9.0	%	3/2023	P & I		—		86		79
Borrower X	Seller financing	Kernersville/Lexington, NC		8.0	%	7/2026	P & I		—		568		53
Borrower Y	Seller financing	Pelham, NH		9.0	%	1/2023	P & I		—		73		67
Borrower Z	Seller financing	Bayonne, NJ		9.0	%	3/2020	P & I		—		308		256
Borrower AA	Seller financing	Belleville, NJ		9.0	%	3/2021	P & I		—		315		273
Borrower AB	Seller financing	Ridgefield, NJ		9.0	%	4/2021	P & I		—		172		149
Borrower AC	Seller financing	Irvington, NJ		9.0	%	7/2022	P & I		—		300		188
Borrower AD	Seller financing	Jersey City, NJ		9.5	%	7/2025	P & I		—		500		410
Borrower AE	Seller financing	Colonia, NJ		9.0	%	7/2020	P & I		—		320		270
Borrower AF	Seller financing	Swedesboro, NJ		9.0	%	4/2021	P & I		—		77		66
Borrower AG	Seller financing	Glendale, NY		9.0	%	7/2025	P & I		—		525		444
Borrower AH	Seller financing	Seaford, NY		9.0	%	1/2020	P & I		—		488		404
Borrower AI	Seller financing	Elmont, NY		9.0	%	10/2021	P & I		—		450		353
Borrower AJ	Seller financing	Scarsdale, NY		9.0	%	11/2025	P & I		—		337		290
Borrower AK	Seller financing	Pleasant Valley, NY		9.0	%	9/2020	P & I		—		230		195
Borrower AL	Seller financing	Freeport, NY		9.0	%	5/2020	P & I		—		206		173
Borrower AM	Seller financing	Colonie, NY		9.0	%	8/2023	P & I		—		143		133
Borrower AN	Seller financing	Latham, NY		9.0	%	1/2021	P & I		—		169		145
Borrower AO	Seller financing	Malta, NY		9.0	%	3/2023	P & I		—		572		527
Borrower AP	Seller financing	Coxsackie, NY		9.0	%	7/2021	P & I		—		153		134
Borrower AQ	Seller financing	Brewster, NY		9.0	%	10/2022	P & I		—		554		501
Borrower AR	Seller financing	Lindenhurst, NY		9.5	%	6/2026	P & I		—		350		347
Borrower AS	Seller financing	Kenmore, NY		9.0	%	12/2020	P & I		—		74		64
Borrower AT	Seller financing	Rochester, NY		9.0	%	2/2025	P & I		—		174	167
Borrower AU	Seller financing	Savona, NY		9.0	%	2/2025	P & I		—		157	151

Type of Loan/Borrower	Description	Location(s)	Interest Rate			Final Maturity Date	Periodic Payment Terms (a)	Prior Liens		Face Value at Inception		Amount of Principal Unpaid at Close of Period
Borrower AV	Seller financing	Rochester, NY		9.0	%	10/2025	P & I		—		230	225
Borrower AW	Seller financing	Greigsville, NY		9.0	%	11/2025	P & I		—		200		196
Borrower AX	Seller financing	Horsham, PA		10.0	%	7/2024	P & I		—		237		101
Borrower AY	Seller financing	Warwick, RI		9.0	%	8/2022	P & I		—		333		304
Borrower AZ	Seller financing	Providence, RI		9.0	%	9/2021	P & I		—		184		162
Borrower BA	Seller financing	Warwick, RI		9.0	%	10/2021	P & I		—		357		315
Borrower BB	Seller financing	Cranston, RI		9.0	%	8/2022	P & I		—		153		138
Borrower BC	Seller financing	E. Providence, RI		9.0	%	2/2022	P & I		—		186		166
Borrower BD	Seller financing	York, PA		9.0	%	2/2021	P & I		—		102		88
Borrower BE	Seller financing	Ephrata, PA		9.0	%	10/2020	P & I		—		265		142
Borrower BF	Seller financing	McConnellsburg, PA		9.0	%	1/2023	P & I		—		38		35
											17,457		15,079
Note receivable
	Purchase/leaseback	Various-NY		9.5	%	1/2021	I(b)				18,400		14,720
	Promissory Note	Various-CT		9.0	%	12/2028	(c)				—		1,056
Total (d)										$	35,857	$	30,855

(a) P & I = Principal and interest paid monthly.

(b) I = Interest only paid monthly with principal deferred.

(c) Note for funding of capital improvements.

(d) The aggregate cost for federal income tax purposes approximates the amount of principal unpaid.

We review payment status to identify performing versus non-performing loans. Interest income on performing loans is accrued as earned. A non-performing loan is placed on non-accrual status when it is probable that the borrower may be unable to meet interest payments as they become due. Generally, loans 90 days or more past due are placed on non-accrual status unless there is sufficient collateral to assure collectability of principal and interest. Upon the designation of non-accrual status, all unpaid accrued interest is reserved against through current income. Interest income on non-performing loans is generally recognized on a cash basis. The summarized changes in the carrying amount of mortgage loans are as follows:

	2019			2018			2017
Balance at January 1,	$	33,519		$	32,366		$	32,737
Additions:
New mortgage loans		1,734			4,287			1,505
Deductions:
Loan repayments		(3,771	)		(2,368	)		(1,227	)
Collection of principal		(627	)		(766	)		(649	)
Balance at December 31,	$	30,855		$	33,519		$	32,366