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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2016
Revenues:      
Rental and other revenue from real estate properties $ 118,872 $ 104,477 $ 95,202
Other income 763 1,294 3,319
Total revenues 119,635 105,771 98,521
Expenses:      
Real estate operating expenses—including $3,338, $2,725 and $1,950 to related parties 57,665 51,279 47,519
Interest expense 34,389 28,171 23,878
Advisor's fees, related party 0 0 693
Property acquisition costs—including $0, $0, and $2,221 to related parties 0 0 3,852
General and administrative—including $497, $346, and $157 to related party 9,210 9,396 8,536
Depreciation (38,504) (30,491) (23,180)
Total expenses 139,768 119,337 107,658
Total revenues less total expenses (20,133) (13,566) (9,137)
Equity in loss of unconsolidated joint ventures (388) (384) 0
Gain on sale of real estate 64,924 52,601 46,477
Gain on insurance recovery 4,498 0 0
Gain on sale of partnership interest 0 0 386
Loss on extinguishment of debt (850) (1,463) (4,547)
Income from continuing operations 48,051 37,188 33,179
Provision for taxes 50 1,560 700
Income from continuing operations, net of taxes 48,001 35,628 32,479
Discontinued operations:      
Loss from discontinued operations 0 0 (2,788)
Gain on sale of partnership interest 0 0 15,467
Income (loss) from discontinued operations 0 0 12,679
Net income (loss) 48,001 35,628 45,158
(Income) attributable to non-controlling interests (24,228) (22,028) (13,869)
Net income (loss) attributable to common stockholders $ 23,773 $ 13,600 $ 31,289
Basic per share amounts attributable to common stockholders      
Income from continuing operations (in dollars per share) $ 1.63 $ 0.97 $ 1.21
Income from discontinued operations (in dollars per share) 0 0 1.02
Basic earnings per share (in dollars per share) 1.63 0.97 2.23
Diluted per share amounts attributable to common stockholders      
Income from continuing operations (in dollars per share) 1.61 0.97 1.21
Income from discontinued operations (in dollars per share) 0 0 1.02
Diluted earnings per share (in dollars per share) $ 1.61 $ 0.97 $ 2.23
Amounts attributable to BRT Apartments Corp.:      
Income (loss) from continuing operations $ 23,773 $ 13,600 $ 16,950
Income (loss) from discontinued operations 0 0 14,339
Net income (loss) attributable to common stockholders $ 23,773 $ 13,600 $ 31,289
Weighted average number of shares of common stock outstanding:      
Basic (in shares) 14,580,398 13,993,638 14,017,279
Diluted (in shares) 14,780,398 14,018,843 14,017,279