Income from Leases

12 Months Ended

Sep. 30, 2016

Leases [Abstract]

Income from Leases

NOTE 10 - INCOME FROM LEASES

The Company derives income primarily from operating leases on its commercial properties. In general, these leases are written for periods up to ten years or more with various provisions for renewal. These leases generally contain clauses for reimbursement (or direct payment) of real estate taxes, maintenance, insurance and certain other operating expenses of the properties. As of September 30, 2016, the Company had a weighted average lease maturity of 7.4 years. Minimum base rents due under non-cancellable leases as of September 30, 2016 are approximately scheduled as follows:

Fiscal Year	Amount
2017	$	87,518,000
2018		81,220,000
2019		73,506,000
2020		69,080,000
2021		67,604,000
thereafter		307,898,000
Total	$	686,826,000