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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES      
Net Income (Loss) $ (22,143) $ 29,800 $ 56,006
Noncash Items Included in Net Income (Loss):      
Depreciation & Amortization 51,263 47,142 39,788
Stock Compensation Expense 452 784 434
Deferred Straight Line Rent (1,976) (1,926) (1,973)
Securities Available for Sale Received as Dividend Income (1,213) (874) (829)
Unrealized Holding Losses Arising During the Periods 77,380 24,680 0
Gain on Sale of Securities Transactions 0 0 (111)
Gain on Sale of Real Estate Investments 0 0 (7,485)
Changes in:      
Tenant & Other Receivables (3,993) 18 1,397
Prepaid Expenses (840) (524) (755)
Other Assets & Capitalized Lease Costs (2,052) 729 (2,037)
Accounts Payable, Accrued Expenses & Other Liabilities 1,951 919 265
NET CASH PROVIDED BY OPERATING ACTIVITIES 98,829 100,748 84,700
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of Real Estate & Intangible Assets (175,261) (138,964) (283,403)
Capital Improvements (5,996) (14,734) (9,084)
Proceeds from Sale of Real Estate Investments 0 0 22,083
Return of Deposits on Real Estate 2,000 200 450
Deposits Paid on Acquisitions of Real Estate (1,670) (6,000) (200)
Proceeds from Securities Available for Sale Called for Redemption 251 0 2,620
Purchase of Securities Available for Sale 0 (54,136) (64,150)
NET CASH USED IN INVESTING ACTIVITIES (180,676) (213,634) (331,684)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from Fixed Rate Mortgage Notes Payable 110,310 96,500 175,160
Principal Payments on Fixed Rate Mortgage Notes Payable (55,855) (63,350) (54,354)
Net Draws (Repayments) from Loans Payable (20,000) (91,609) 66,517
Financing Costs Paid on Debt (2,525) (662) (1,470)
Proceeds from Underwritten Public Offering of Common Stock, net of offering costs 0 132,338 0
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 122,382 58,199 40,094
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 18,815 57,079 77,100
Shares repurchased through the Common Stock Repurchase Plan (4,276) 0 0
Proceeds from the Exercise of Stock Options 1,016 567 570
Preferred Dividends Paid (25,839) (18,465) (16,876)
Common Dividends Paid, net of Reinvestments (58,843) (46,856) (40,658)
NET CASH PROVIDED BY FINANCING ACTIVITIES 85,185 123,741 246,083
Net Increase (Decrease) in Cash and Cash Equivalents 3,338 10,855 (901)
Cash and Cash Equivalents at Beginning of Year 20,179 9,324 10,225
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 23,517 $ 20,179 $ 9,324