Getty Realty (Getty Realty) Interest Expense : $-31.5 Mil (TTM As of Dec. 2023)

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What is Getty Realty Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Getty Realty's interest expense for the three months ended in Dec. 2023 was $ -8.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-31.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Getty Realty's Operating Income for the three months ended in Dec. 2023 was $ 23.3 Mil. Getty Realty's Interest Expense for the three months ended in Dec. 2023 was $ -8.8 Mil. Getty Realty's Interest Coverage for the quarter that ended in Dec. 2023 was 2.64. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Getty Realty Interest Expense Historical Data

The historical data trend for Getty Realty's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Getty Realty Interest Expense Chart

Getty Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.63

-26.09

-24.67

-27.66

-31.53

Getty Realty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.31	-7.51	-7.10	-8.08	-8.83

Getty Realty Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-31.5 Mil.

Getty Realty (NYSE:GTY) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Getty Realty's Interest Expense for the three months ended in Dec. 2023 was $-8.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $23.3 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $762.7 Mil.

Getty Realty's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	23.281	/	-8.826
	=	2.64

The higher the ratio, the stronger the company's financial strength is.

Getty Realty (Getty Realty) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Getty Realty Corp (NYSE:GTY) » Definitions » Interest Expense

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Address

292 Madison Avenue, 9th Floor, New York, NY, USA, 10017-6318

Website

https://www.gettyrealty.com

Getty Realty Corp is the real estate investment trust in the U.S. specializing in the acquisition, financing, and development of convenience, automotive, and other single tenant retail real estate. The company's portfolio includes convenience stores, car washes, automotive service centers (gasoline and repair, oil and maintenance, tire and battery, collision), automotive parts retailers, and certain other freestanding retail properties, including drive-thru quick service restaurants. It generates majority of the revenue in the form of rental income.

Executives

Evelyn Leon Infurna	director	292 MADISON AVE., 9TH FLOOR, NEW YORK NY 10017-6318
Brian Robert Dickman	officer: EVP, CFO and Treasurer	411 S. OLD WOODWARD, APT. 918, BIRMINGHAM MI 48009
Leo Liebowitz	director, 10 percent owner, officer: Pres. & CEO	2 JERICHO PLAZA, JERICHO NY 11753
Coviello Philip E Jr	director	GETTY REALTY CORP, 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Mary Louise Malanoski	director	44 BARROW STREET, NEW YORK NY 10014
Richard E Montag	director	C/O GETTY REALTY CORP., 2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Mark James Olear	officer: Exec VP & Chief Operating Ofc	C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753
Danion Fielding	officer: VP, CFO & Treasurer	TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753
Eugene Shnayderman	officer: See Remarks	TWO JERICHO PLAZA, WING C, SUITE 110, JERICHO NY 11753
Christopher J Constant	director, officer: President & CEO	2 JERICHO PLAZA, STE 110, JERICHO NY 11753
Joshua Dicker	officer: Ex VP, Gen Counsel & Secretary	C/O GETTY REALTY CORP., 2 JERICHO PLAZA, SUITE 110, JERICHO NY 11753
Milton Cooper	director	C/O KIMCO REALTY CORP, 3333 NEW HYDE PARK RD STE 100, HYDE PARK NY 11042
James Russell Craig	officer: Vice President	125 JERICHO TPKE, SUITE 103, JERICHO NY 11753
David B Driscoll	director	C/O MORGAN JOSEPH & CO., INC., 600 FIFTH AVE., 19TH FLOOR, NEW YORK NY 10020-2302
Warren Wintrub	director