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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental and other revenues from real estate properties $ 29,951 $ 26,673 $ 87,589 $ 76,404
Other income 203 188 565 980
Total revenues 30,154 26,861 88,154 77,384
Expenses:        
Real estate operating expenses - including $851 and $696 to related parties for the three months ended and $2,472 and $1,948 for the nine months ended 14,459 13,283 42,004 37,638
Interest expense 8,786 7,180 25,423 20,269
General and administrative - including $160 and $84 to related parties for the three months ended and $389 and $266 for the nine months ended 2,452 2,309 7,208 7,296
Depreciation 10,200 7,561 28,088 21,630
Total expenses 35,897 30,333 102,723 86,833
Total revenue less total expenses (5,743) (3,472) (14,569) (9,449)
Equity in loss of unconsolidated joint ventures (127) (307) (215) (307)
Gain on sale of real estate 0 0 64,500 35,838
Gain on insurance recovery 0 0 3,227 0
Loss on extinguishment of debt 0 0 (850) (799)
(Loss) income from continuing operations (5,870) (3,779) 52,093 25,283
Income tax provision (benefit) 101 41 (46) 1,499
Net loss (income) from continuing operations, net of taxes (5,971) (3,820) 52,139 23,784
Net loss (income) attributable to non-controlling interests 1,282 418 (25,255) (15,645)
Net (loss) income attributable to common stockholders $ (4,689) $ (3,402) $ 26,884 $ 8,139
Weighted average number of shares of common stock outstanding:        
Basic (in shares) 14,411,940 14,035,074 14,224,680 13,983,495
Diluted (in shares) 14,411,940 14,035,074 14,358,013 13,983,495
Per share amounts attributable to common stockholders:        
Basic earnings (in dollars per share) $ (0.33) $ (0.24) $ 1.89 $ 0.58
Diluted earnings (in dollars per share) $ (0.33) $ (0.24) $ 1.87 $ 0.58