CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands |
12 Months Ended |
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2014 |
| Revenues: |
|
|
|
| Rental and other revenue from real estate properties |
$ 90,945
|
$ 77,023
|
$ 61,725
|
| Other income |
3,319
|
72
|
88
|
| Total revenues |
94,264
|
77,095
|
61,813
|
| Expenses: |
|
|
|
| Real estate operating expenses—including $1,950, $1,233 and $1,120 to related parties |
43,262
|
38,609
|
32,984
|
| Interest expense |
23,878
|
19,297
|
16,434
|
| Advisor's fees, related party |
693
|
2,448
|
1,801
|
| Property acquisition costs—including $2,221,$1,293 and $1,677 to related parties |
3,852
|
1,885
|
2,542
|
| General and administrative—including $1,020, $171 and $286 to related party |
8,536
|
6,683
|
6,324
|
| Provision for Federal tax |
700
|
0
|
0
|
| Depreciation |
23,180
|
18,454
|
13,945
|
| Total expenses |
104,101
|
87,376
|
74,030
|
| Total revenues less total expenses |
(9,837)
|
(10,281)
|
(12,217)
|
| Gain on sale of real estate |
46,477
|
15,005
|
0
|
| Gain on sale of partnership interest |
386
|
0
|
0
|
| Loss on extinguishment of debt |
(4,547)
|
0
|
0
|
| Income (loss) from continuing operations |
32,479
|
4,724
|
(12,217)
|
| Discontinued operations: |
|
|
|
| Loss from discontinued operations—including $214 to related party in 2014 |
(2,788)
|
(6,329)
|
(3,949)
|
| Gain on sale of partnership interest |
15,467
|
0
|
0
|
| Income (loss) from discontinued operations |
12,679
|
(6,329)
|
(3,949)
|
| Net income (loss) |
45,158
|
(1,605)
|
(16,166)
|
| (Income) loss attributable to non-controlling interests |
(13,869)
|
(783)
|
6,712
|
| Net income (loss) attributable to common shareholders |
$ 31,289
|
$ (2,388)
|
$ (9,454)
|
| Basic and diluted per share amounts attributable to common shareholders: |
|
|
|
| Income (loss) from continuing operations (in dollars per share) |
$ 1.21
|
$ (0.02)
|
$ (0.81)
|
| Income (loss) from discontinued operations (in dollars per share) |
1.02
|
(0.15)
|
0.15
|
| Basic and diluted earnings (loss) per share (in dollars per share) |
$ 2.23
|
$ (0.17)
|
$ (0.66)
|
| Amounts attributable to BRT Realty Trust: |
|
|
|
| Income (loss) from continuing operations |
$ 16,950
|
$ (246)
|
$ (11,550)
|
| Income (loss) from discontinued operations |
14,339
|
(2,142)
|
2,096
|
| Net income (loss) attributable to common shareholders |
$ 31,289
|
$ (2,388)
|
$ (9,454)
|
| Weighted average number of common shares outstanding: |
|
|
|
| Basic and diluted (in shares) |
14,017,279
|
14,133,352
|
14,265,589
|