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Consolidated Statements of Income (Loss) - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
INCOME:      
Rental Revenue $ 141,583 $ 132,524 $ 115,864
Reimbursement Revenue 26,234 22,297 19,621
Lease Termination Income 0 0 210
TOTAL INCOME 167,817 154,821 135,695
EXPENSES:      
Real Estate Taxes 20,193 17,010 14,919
Operating Expenses 6,888 6,616 5,794
General and Administrative Expenses 8,932 9,081 8,776
Non-recurring Severance Expense 786 0 0
Depreciation 46,670 43,020 36,176
Amortization of Capitalized Lease Costs and Intangible Assets 3,180 2,870 2,391
TOTAL EXPENSES 86,649 78,597 68,056
OTHER INCOME (EXPENSE):      
Dividend Income 10,445 15,168 13,121
Gain on Sale of Securities Transactions 0 0 111
Unrealized Holding Gains (Losses) Arising During the Periods (77,380) (24,680) 0
Interest Expense, including Amortization of Financing Costs (36,376) (36,912) (32,350)
TOTAL OTHER INCOME (EXPENSE) (103,311) (46,424) (19,118)
INCOME (LOSS) FROM OPERATIONS (22,143) 29,800 48,521
Gain on Sale of Real Estate Investments 0 0 7,485
NET INCOME (LOSS) (22,143) 29,800 56,006
Less: Preferred Dividends 26,474 18,774 17,191
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (48,617) $ 11,026 $ 38,815
BASIC INCOME – PER SHARE      
Net Income (Loss) $ (0.23) $ 0.32 $ 0.71
Less: Preferred Dividends (0.27) (0.20) (0.22)
Net Income (Loss) Attributable to Common Shareholders – Basic (0.50) 0.12 0.49
DILUTED INCOME – PER SHARE      
Net Income (Loss) (0.23) 0.32 0.71
Less: Preferred Dividends (0.27) (0.20) (0.22)
Net Income (Loss) Attributable to Common Shareholders – Diluted $ (0.50) $ 0.12 $ 0.49
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands)      
Basic 98,082 93,387 78,619
Diluted 98,164 93,485 78,802