SECURITIES AVAILABLE FOR SALE (Tables)

12 Months Ended

Sep. 30, 2019

Investments, Debt and Equity Securities [Abstract]

SCHEDULE OF GAIN (LOSS) ON SECURITIES TRANSACTIONS, NET

We recorded the following realized Gain on Sale of Securities Transactions, net for the fiscal years ended September 30 (in thousands):

	2019		2018			2017
Gross realized gains	$	0	$	112		$	2,321
Gross realized losses		0		(1	)		(9	)
Gains on Sale of Securities Transactions, net	$	0	$	111		$	2,312

SUMMARY OF INVESTMENTS IN DEBT AND EQUITY SECURITIES

The following is a listing of our investments in securities at September 30, 2019 (in thousands):

Description	Series		Interest Rate/ Dividend			Number of Shares		Cost		Fair Value
Equity Securities - Preferred Stock:
CBL & Associates Properties, Inc.		D		7.375	%		400	$	7,967	$	3,444
Cedar Realty Trust, Inc.		B		7.25	%		6		136		144
Dynex Capital, Inc.		A		8.50	%		10		250		256
iStar Financial, Inc.		D		8.00	%		10		232		261
iStar Financial, Inc.		I		7.50	%		60		1,301		1,547
Pennsylvania Real Estate Investment Trust		D		6.875	%		120		2,150		2,431
Pennsylvania Real Estate Investment Trust		B		7.375	%		120		2,216		2,484
UMH Properties, Inc. (1)		B		8.00	%		100		2,500		2,600
Total Equity Securities - Preferred Stock								$	16,752	$	13,167

Description	Number of Shares		Cost		Fair Value
Equity Securities - Common Stock:
CBL & Associates Properties, Inc.		4,000	$	33,525	$	5,160
Franklin Street Properties		1,000		8,478		8,460
Industrial Logistics Property Trust		700		13,789		14,875
Kimco Realty Corporation		1,700		27,937		35,496
Office Properties Income Trust		659		37,892		20,192
Pennsylvania Real Estate Investment Trust		1,800		13,443		10,296
Senior Housing Property Trust		1,100		17,871		10,181
Tanger Factory Outlet REIT Centers		600		12,300		9,288
VEREIT, Inc.		3,500		27,891		34,230
Washington Prime Group, Inc.		1,500		11,860		6,210
UMH Properties, Inc. (1)		1,257		12,935		17,693
Total Equity Securities - Common Stock			$	217,921	$	172,081

Description	Interest Rate/ Dividend			Number of Shares		Cost		Fair Value
Modified Pass-Through Mortgage-Backed Securities:
Government National Mortgage Association (GNMA)		6.50	%		500	$	2	$	2
Total Securities Available for Sale						$	234,675	$	185,250

(1) Investment is in a related company. See Note No. 11 for further discussion.

The following is a listing of our investments in securities at September 30, 2018 (in thousands):

Description	Series		Interest Rate/ Dividend			Number of Shares		Cost		Fair Value
Equity Securities - Preferred Stock:
CBL & Associates Properties, Inc.		D		7.375	%		200	$	4,808	$	3,194
Cedar Realty Trust, Inc.		B		7.25	%		6		136		143
Dynex Capital, Inc.		A		8.50	%		10		250		254
iStar Financial, Inc.		D		8.00	%		3		71		86
iStar Financial, Inc.		I		7.50	%		41		872		1,006
UMH Properties, Inc. (1)		B		8.00	%		100		2,500		2,626
Total Equity Securities - Preferred Stock								$	8,637	$	7,309

Description	Number of Shares		Cost		Fair Value
Equity Securities - Common Stock:
CBL & Associates Properties, Inc.		4,000	$	33,525	$	15,960
Franklin Street Properties		700		6,419		5,593
Government Properties Income Trust		1,580		26,156		17,838
Industrial Logistics Property Trust		100		2,117		2,301
Kimco Realty Corporation		1,200		20,338		20,088
Pennsylvania Real Estate Investment Trust		200		1,993		1,892
Select Income REIT		800		17,395		17,552
Senior Housing Property Trust		900		15,463		15,804
VEREIT, Inc.		3,100		25,016		22,506
Washington Prime Group, Inc.		1,300		10,542		9,490
UMH Properties, Inc. (1)		1,188		12,061		18,584
Total Equity Securities - Common Stock			$	171,025	$	147,608

Description	Interest Rate/ Dividend			Number of Shares		Cost		Fair Value
Modified Pass-Through Mortgage-Backed Securities:
Government National Mortgage Association (GNMA)		6.50	%		500	$	3	$	4
Total Securities Available for Sale						$	179,665	$	154,921

(1) Investment is in a related company. See Note No. 11 for further discussion.