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Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2015
Sep. 30, 2014
Real estate investments at cost:    
Land $ 102,339 $ 102,146
Buildings and improvements 174,067 164,317
Projects under construction 1,095 8,971
Total investments in properties 277,501 275,434
Less accumulated depreciation and depletion 71,072 67,998
Net investments in properties 206,429 207,436
Real estate held for investment, at cost 7,306 7,304
Real estate held for sale, at cost 4,698 4,473
Investment in joint ventures 18,665 18,537
Net real estate investments 237,098 237,750
Cash and cash equivalents 691 1,013
Cash held in escrow 26 61
Accounts receivable 981 1,127
Federal and state income taxes receivable 1,776 0
Assets of discontinued operation 0 61,134
Unrealized rents 4,811 4,780
Deferred costs 6,528 7,027
Other assets 174 179
Total assets 252,085 313,071
Liabilities:    
Secured notes payable, less current portion 38,135 41,059
Secured notes payable, current portion 4,049 4,534
Line of credit payable 11,304 10,363
Accounts payable and accrued liabilities 2,472 3,948
Environmental remediation 926 1,771
Deferred revenue 365 872
Federal and state income taxes payable 0 572
Deferred income taxes 14,658 12,969
Liabilities of discontinued operation 0 28,412
Deferred compensation 1,328 1,247
Deferred lease intangible net 74 103
Tenant security deposits 887 906
Total liabilities $ 74,198 $ 106,756
Commitments and contingencies (Note 9)    
Equity:    
Common stock, $.10 par value; 25,000,000 shares authorized, 9,770,770 and 9,703,270 shares issued and outstanding, respectively $ 977 $ 970
Capital in excess of par value 49,542 47,892
Retained earnings 127,380 157,413
Accumulated other comprehensive (loss) income, net (12) 40
Total shareholders' equity 177,887 206,315
Total liabilities and shareholders' equity $ 252,085 $ 313,071