Real Estate Investments (Tables)

6 Months Ended

Mar. 31, 2019

Real Estate [Abstract]

Schedule of Properties Acquired During Period Accounted for Asset Acquisitions

The financial information set forth below summarizes our purchase price allocation for these two properties acquired during the six months ended March 31, 2019 that are accounted for as asset acquisitions (in thousands):

Land	$	11,778
Building		99,741
In-Place Leases		1,886

Summary of Consolidated Statements of Income for Properties Acquired

The following table summarizes the operating results included in our consolidated statements of income for the three and six months ended March 31, 2019 for the two properties acquired during the six months ended March 31, 2019 (in thousands):

	Three Months Ended 3/31/2019		Six Months Ended 3/31/2019
Rental Revenues	$	1,775	$	3,096
Net Income Attributable to Common Shareholders		326		800

Summary of Income from Properties Sold During the Prior Year

The following table summarizes the operations of the two properties that were sold during the prior year, prior to their sales, and the two properties that were classified as Real Estate Held for Sale that are included in the accompanying Consolidated Statements of Income for the three and six months ended March 31, 2018 (in thousands).

	Three Months Ended					Six Months Ended
		3/31/2019		3/31/2018			3/31/2019		3/31/2018
Rental and Reimbursement Revenue	$	-0-	$	278		$	-0-	$	857
Lease Termination Income		-0-		-0-			-0-		210
Real Estate Taxes		-0-		(17	)		-0-		(228	)
Operating Expenses		-0-		(36	)		-0-		(85	)
Depreciation & Amortization		-0-		(5	)		-0-		(63	)
Interest Expense, including Amortization of Financing Costs		-0-		(12	)		-0-		(26	)
Income from Operations		-0-		208			-0-		665
Gain on Sale of Real Estate Investments		-0-		-0-			-0-		5,388
Net Income	$	-0-	$	208		$	-0-	$	6,053

Schedule of Pro Forma Information

The unaudited pro forma condensed financial information is not indicative of the results of operations that would have been achieved had the acquisitions and expansions reflected herein been consummated on the dates indicated or that will be achieved in the future.

	Three Months Ended (in thousands, except per share amounts)
		3/31/2019				3/31/2018
		As Reported		Pro-forma		As Reported		Pro-forma
Rental Revenue	$	32,934	$	33,074	$	28,610	$	33,347
Net Income (Loss) Attributable to Common Shareholders	$	23,821	$	23,927	$	7,397	$	8,075
Basic and Diluted Net Income (Loss) per Share Attributable to Common Shareholders	$	0.26	$	0.25	$	0.10	$	0.09

	Six Months Ended (in thousands, except per share amounts)
		3/31/2019						3/31/2018
		As Reported			Pro-forma			As Reported		Pro-forma
Rental Revenue	$	65,551		$	66,297		$	56,302	$	66,739
Net Income (Loss) Attributable to Common Shareholders	$	(8,543	)	$	(9,450	)	$	20,710	$	14,729
Basic and Diluted Net Income (Loss) per Share Attributable to Common Shareholders	$	(0.09	)	$	(0.10	)	$	0.27	$	0.16