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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