0001193125-26-048965
SEC filingGetty Realty Corp. reported total revenues of $221.7 million for fiscal year 2025, primarily driven by $219.6 million from rental properties and $2.1 million from interest on notes and mortgages receivable. Operating income was $126.8 million, with net earnings of $79.2 million and comprehensive income of $81.1 million. The company generated $127.4 million in net cash flow from operating activities, while investing activities used $241.9 million primarily for property acquisitions totaling $277.7 million. Financing activities provided $113.6 million through debt and equity issuances. The balance sheet shows total assets of $2.17 billion, with real estate net of $2.04 billion, total liabilities of $1.10 billion, and stockholders' equity of $1.07 billion. The company paid $108.7 million in cash dividends and declared an additional $29.8 million in dividends payable.
Getty Realty Corp. reported total revenues of $221.7 million for fiscal year 2025, consisting of $219.6 million from rental properties and $2.1 million from interest on notes and mortgages receivable. Operating income was $126.8 million after total operating expenses of $102.7 million, which included $61.9 million in depreciation and amortization, $27.3 million in general and administrative expenses, $8.7 million in property costs, $2.8 million in impairments, and $1.9 million in environmental expenses. The company recorded gains on dispositions of real estate of $7.8 million. Net earnings were $79.2 million after interest expense of $46.4 million, loss on termination of interest rate swaps of $1.7 million, and other income of $439,000. Comprehensive income totaled $81.1 million including other comprehensive income of $1.9 million.
The company's revenue is primarily derived from rental properties, which generated $219.6 million or 99.1% of total revenues. Interest on notes and mortgages receivable contributed $2.1 million or 0.9% of total revenues. No segment breakdown or geographic mix was provided in the available data. The revenue composition reflects the company's focus on real estate leasing operations as a real estate investment trust.
The company achieved an operating margin of 57.2% based on operating income of $126.8 million and total revenues of $221.7 million. The cost structure shows significant non-cash expenses including $61.9 million in depreciation and amortization, which represents 60.3% of total operating expenses. General and administrative expenses of $27.3 million accounted for 26.6% of operating expenses. Property costs of $8.7 million represented 8.5% of operating expenses, while impairments of $2.8 million and environmental expenses of $1.9 million represented 2.7% and 1.9% respectively.
Net cash flow provided by operating activities was $127.4 million, primarily from net earnings of $79.2 million adjusted for non-cash items including $61.9 million in depreciation and amortization. Investing activities used $241.9 million, with $277.7 million spent on property acquisitions, partially offset by $14.0 million from dispositions of real estate and $28.0 million from collection of notes and mortgages receivable. Financing activities provided $113.6 million, including $616.0 million in borrowings from the Credit Facility, $125.0 million from Senior Unsecured Notes, and $113.6 million from equity offerings, offset by $448.5 million in Credit Facility repayments, $150.0 million in Term Loan repayments, and $108.7 million in dividend payments. The balance sheet shows total assets of $2.17 billion, with real estate net of $2.04 billion, cash and equivalents of $8.4 million, and restricted cash of $4.4 million. Total liabilities were $1.10 billion including $748.4 million in Senior Unsecured Notes, $250.0 million in Credit Facility, and $149.0 million in Term Loan. Stockholders' equity was $1.07 billion.
No forward-looking statements, management guidance, strategic priorities, or specific risk factors were provided in the available data. The filing presents historical financial results for fiscal year 2025 without explicit discussion of future expectations or projections.