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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Mar. 31, 2018
Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 29,275,404 $ 18,278,532
Noncash Items Included in Net Income:    
Depreciation & Amortization 19,065,189 15,673,022
Deferred Straight Line Rent (756,486) (629,856)
Stock Compensation Expense 242,170 266,345
Gain on Sale of Securities Transactions (111,387) (806,108)
(Gain) / Loss on Sale of Real Estate Investments (5,387,886) 95,336
Changes In:    
Tenant & Other Receivables 850,945 1,082,191
Prepaid Expenses (3,904,884) (3,135,027)
Other Assets & Capitalized Lease Costs 20,263 (839,704)
Accounts Payable, Accrued Expenses & Other Liabilities 3,545,246 861,044
NET CASH PROVIDED BY OPERATING ACTIVITIES 42,838,574 30,845,775
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of Real Estate & Intangible Assets (110,045,832) (56,101,538)
Capital Improvements (2,310,665) (1,013,209)
Proceeds from Sale of Real Estate Investments 10,499,704 4,125,819
Return of Deposits on Real Estate 450,000 1,000,000
Deposits Paid on Acquisitions of Real Estate (1,200,000) (1,575,000)
Proceeds from Sale of Securities Available for Sale 2,619,433 3,739,239
Purchase of Securities Available for Sale (61,068,920) (29,305,625)
NET CASH USED IN INVESTING ACTIVITIES (161,056,280) (79,130,314)
CASH FLOWS FROM FINANCING ACTIVITIES    
Net Draws (Repayments) on Loans Payable 34,250,094 (54,790,684)
Proceeds from Fixed Rate Mortgage Notes Payable 67,100,000 38,000,000
Principal Payments on Fixed Rate Mortgage Notes Payable (26,225,677) (37,700,474)
Financing Costs Paid on Debt (596,121) (660,702)
Proceeds from the Exercise of Stock Options 569,600 0
Redemption of 7.625% Series A Preferred Stock 0 (53,493,750)
Proceeds from Underwritten Public Offering of Preferred Stock, net of offering costs 0 71,017,493
Proceeds from At-The-Market Preferred Equity Program, net   of offering costs 30,941,972 0
Proceeds from Issuance of Common Stock in the DRIP, net of  Dividend Reinvestments 42,996,991 37,812,970
Preferred Dividends Paid (8,301,342) (6,621,359)
Common Dividends Paid, net of Reinvestments (20,273,669) (18,076,564)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 120,461,848 (24,513,070)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,244,142 (72,797,609)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 10,226,046 95,749,508
CASH AND CASH EQUIVALENTS - END OF PERIOD $ 12,470,188 $ 22,951,899