REAL ESTATE INVESTMENTS (Tables)

9 Months Ended

Jun. 30, 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 nine months ended June 30, 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 (loss) for the three and nine months ended June 30, 2019 for the two properties acquired during the nine months ended June 30, 2019 (in thousands):

	Three Months Ended 6/30/2019		Nine Months Ended 6/30/2019
Rental Revenues	$	1,775	$	4,871
Net Income Attributable to Common Shareholders		331		1,131

SUMMARY OF INCOME FROM PROPERTIES SOLD DURING THE PRIOR YEAR

The following table summarizes the operations of the four properties that were sold during the prior year, which are included in the accompanying Consolidated Statements of Income for the three and nine months ended June 30, 2018 (in thousands).

	Three Months Ended		Three Months Ended			Nine Months Ended		Nine Months Ended
	6/30/2019		6/30/2018			6/30/2019		6/30/2018
Rental and Reimbursement Revenue	$	0	$	93		$	0	$	950
Lease Termination Income		0		0			0		210
Real Estate Taxes		0		(5	)		0		(233	)
Operating Expenses		0		(26	)		0		(110	)
Depreciation & Amortization		0		(16	)		0		(79	)
Interest Expense, including Amortization of Financing Costs		0		(12	)		0		(38	)
Income from Operations		0		34			0		700
Gain on Sale of Real Estate Investments		0		2,097			0		7,486
Net Income	$	0	$	2,131		$	0	$	8,186

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)
	6/30/2019						6/30/2018
	As Reported			Pro-forma			As Reported		Pro-forma
Rental Revenue	$	33,127		$	33,554		$	29,256	$	33,756
Net Income (Loss) Attributable to Common Shareholders	$	(3,121	)	$	(2,887	)	$	10,323	$	8,997
Basic and Diluted Net Income (Loss) per Share Attributable to Common Shareholders	$	(0.03	)	$	(0.03	)	$	0.13	$	0.09

	Nine Months Ended (in thousands, except per share amounts)
	6/30/2019						6/30/2018
	As Reported			Pro-forma			As Reported		Pro-forma
Rental Revenue	$	98,678		$	100,665		$	85,559	$	100,979
Net Income (Loss) Attributable to Common Shareholders	$	(11,664	)	$	(10,750	)	$	31,033	$	26,356
Basic and Diluted Net Income (Loss) per Share Attributable to Common Shareholders	$	(0.13	)	$	(0.11	)	$	0.40	$	0.28