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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income $ 32,494,507 $ 25,605,815 $ 19,845,294
Noncash Items Included in Net Income:      
Depreciation & Amortization 27,203,918 23,058,744 18,445,326
Stock Compensation Expense 926,465 448,895 347,002
Gain on Sale of Securities Transactions, net (4,398,599) (805,513) (2,166,766)
Gain on Sale of Real Estate Investments 0 (5,021,242) 0
Changes in:      
Tenant, Deferred Rent & Other Receivables (1,640,504) (800,203) (922,107)
Prepaid Expenses (899,371) (1,166,821) (563,525)
Other Assets and Capitalized Lease Costs (1,814,638) (2,359,895) (1,086,846)
Accounts Payable, Accrued Expenses & Other Liabilities 2,827,722 (897,495) 957,907
NET CASH PROVIDED BY OPERATING ACTIVITIES 54,699,500 38,062,285 34,856,285
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of Real Estate & Intangible Assets (210,747,340) (192,187,485) (97,374,760)
Capital and Land Site Improvements (21,566,561) (10,541,656) (19,674,128)
Proceeds on Sale of Real Estate 0 8,846,686 0
Return of Deposits on Real Estate 2,950,000 3,100,000 2,050,000
Deposits Paid on Acquisitions of Real Estate (2,200,000) (3,700,000) (3,250,000)
Purchase of Securities Available for Sale (19,055,956) (16,188,760) (27,840,200)
Proceeds from Sale of Securities Available for Sale 22,774,768 16,201,480 14,279,391
NET CASH USED IN INVESTING ACTIVITIES (227,845,089) (194,469,735) (131,809,697)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from Mortgage Notes Payable 153,428,485 122,173,058 62,905,000
Principal Payments on Mortgage Notes Payable (43,671,506) (35,977,890) (25,202,376)
Net (Repayments) Proceeds from Loans Payable (4,250,702) 59,841,386 3,000,000
Financing Costs Paid on Debt (2,646,393) (2,917,663) (2,070,790)
Proceeds from Underwritten Public Offering of Preferred Stock, net of offering costs 130,543,422 0 0
Proceeds from Underwritten Public Offering of CommonStock, net of offering costs 0 0 65,112,686
Proceeds from Issuance of Common Stock in the DRIP, netof Dividend Reinvestments 63,806,651 39,915,387 30,465,806
Proceeds from the Exercise of Stock Options 1,883,300 612,410 1,327,169
Preferred Dividends Paid (8,607,032) (8,607,032) (8,607,032)
Common Dividends Paid, net of Reinvestments (33,665,037) (27,032,958) (21,906,902)
NET CASH PROVIDED BY FINANCING ACTIVITIES 256,821,188 148,006,698 105,023,561
Net Increase (Decrease) in Cash and Cash Equivalents 83,675,599 (8,400,752) 8,070,149
Cash and Cash Equivalents at Beginning of Year 12,073,909 20,474,661 12,404,512
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 95,749,508 $ 12,073,909 $ 20,474,661