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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2009
Revenues:      
Interest on real estate loans $ 8,234 $ 2,412 $ 8,577
Interest on purchase money mortgage loans 266 1,212 246
Loan fee income 1,828 253 887
Rental revenue from real estate properties 3,456 3,422 1,718
Recovery of previously provided allowances 3,595 365  
Other, primarily investment income 502 471 726
Total revenues 17,881 8,135 12,154
Expenses:      
Interest on borrowed funds 2,112 2,584 4,719
Advisor's fees, related party 916 785 1,173
Provision for loan losses   3,165 17,110
Impairment charges   2,625 1,272
Foreclosure related professional fees 579 673 908
Debt restructuring charges     685
General and administrative-including $847, $822 and $1,002 to related party 6,149 6,063 7,045
Operating expenses relating to real estate properties 3,340 3,216 2,133
Amortization and depreciation 738 733 1,284
Total expenses 13,834 19,844 36,329
Total revenues less total expenses 4,047 (11,709) (24,175)
Equity in earnings (loss) of unconsolidated ventures 350 196 (2,791)
Gain on sale of joint venture interest     271
Gain on sale of available-for-sale securities 1,319 1,586 1,016
(Loss) gain on extinguishment of debt (2,138)   6,443
Income (loss) from continuing operations 3,578 (9,927) (19,236)
Discontinued operations:      
Loss from operations   (602) (1,549)
Impairment charges   (745) (29,774)
Gain on sale of real estate assets 1,346 1,937 2,199
Discontinued operations 1,346 590 (29,124)
Net income (loss) 4,924 (9,337) (48,360)
Plus: net loss attributable to non-controlling interests 1,450 1,322 605
Net income (loss) attributable to common shareholders 6,374 (8,015) (47,755)
Basic and diluted per share amounts attributable to common shareholders:      
Income (loss) from continuing operations (in dollars per share) $ 0.35 $ (0.62) $ (2.50)
Discontinued operations (in dollars per share) $ 0.10 $ 0.04 $ (1.60)
Basic and diluted earnings (loss) per share (in dollars per share) $ 0.45 $ (0.58) $ (4.10)
Amounts attributable to BRT Realty Trust:      
Income (loss) from continuing operations 5,028 (8,605) (18,631)
Discontinued operations 1,346 590 (29,124)
Net income (loss) attributable to common shareholders $ 6,374 $ (8,015) $ (47,755)
Weighted average number of common shares outstanding:      
Basic (in shares) 14,041,569 13,871,668 11,643,972
Diluted (in shares) 14,041,569 13,871,668 11,643,972