XML 17 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Revenues:    
Rental and other revenues from real estate properties $ 31,216 $ 28,162
Other income 223 187
Total revenues 31,439 28,349
Expenses:    
Real estate operating expenses - including $915 and $785 to related parties 15,224 13,347
Interest expense 8,946 7,980
General and administrative - including $116 and $81 to related parties 2,476 2,303
Depreciation 10,192 8,648
Total expenses 36,838 32,278
Total revenue less total expenses (5,399) (3,929)
Equity in loss of unconsolidated joint ventures (125) (25)
Gain on sale of real estate 19,514 12,519
Gain on insurance recoveries 1,585 0
Loss on extinguishment of debt (207) (257)
Income from continuing operations 15,368 8,308
Income tax provision 58 106
Net income from continuing operations, net of taxes 15,310 8,202
Net income attributable to non-controlling interests (7,237) (1,851)
Net income attributable to common stockholders $ 8,073 $ 6,351
Weighted average number of shares of common stock outstanding:    
Basic (in shares) 15,744,233 14,022,438
Diluted (in shares) 15,944,233 14,222,438
Per share amounts attributable to common stockholders:    
Basic (in dollars per share) $ 0.51 $ 0.45
Diluted (in dollars per share) $ 0.51 $ 0.45