Getty Realty (Getty Realty) Intangible Assets

: $100.3 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Getty Realty's intangible assets for the quarter that ended in Dec. 2023 was $100.3 Mil.

Getty Realty Intangible Assets Historical Data

The historical data trend for Getty Realty's Intangible Assets 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.

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Getty Realty Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

74.01

100.32

Getty Realty Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																74.01	-	-	-	100.32

Getty Realty Intangible Assets Calculation

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.

Getty Realty (NYSE:GTY) Intangible Assets Explanation

If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.

The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.

Some intangibles are amortized. Amortization is the depreciation of intangible assets.

Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.

Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.

If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.

Intangibles acquired are on balance sheet at fair value.

Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.

One of the reasons competitive advantage power can remain hidden for so long.

Be Aware

Companies may change the way intangible assets are amortized, and this will affect their reported earnings.

Getty Realty Intangible Assets Related Terms

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Getty Realty (Getty Realty) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

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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