XML 15 R3.htm IDEA: XBRL DOCUMENT  v2.3.0.11
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Interest on real estate loans $ 2,764 $ 592 $ 5,480 $ 1,751
Interest on purchase money mortgage loans 64 344 250 1,029
Loan fee income 690 48 1,208 163
Rental revenue from real estate properties 763 871 2,576 2,610
Recovery of previously provided allowance 1,002 365 3,568 365
Other, primarily investment income 61 125 411 335
Total revenues 5,344 2,345 13,493 6,253
Expenses:        
Interest on borrowed funds 452 729 1,651 2,167
Advisor's fees, related party 237 199 699 596
Provision for loan loss       3,165
Impairment charges   2,625   2,625
Foreclosure related professional fees 162 141 519 310
General and administrative-including $215 and $188 to related party for the three months ended and $636 and $622 for the nine months ended , respectively 1,585 1,565 4,645 4,581
Operating expenses relating to real estate properties 889 918 2,655 2,587
Amortization and depreciation 183 190 555 543
Total expenses 3,508 6,367 10,724 16,574
Total revenues less total expenses 1,836 (4,022) 2,769 (10,321)
Equity in earnings of unconsolidated ventures 60 33 195 143
Gain on sale of available-for-sale securities 176   1,190 1,586
Loss on extinguishment of debt     (2,138)  
Income (loss) from continuing operations 2,072 (3,989) 2,016 (8,592)
Discontinued operations:        
Loss from operations   (54)   (596)
Impairment charges       (745)
Gain on sale of real estate assets 645 643 1,342 1,918
Discontinued operations 645 589 1,342 577
Net income (loss) 2,717 (3,400) 3,358 (8,015)
Less net loss attributable to non-controlling interests 455 429 1,153 1,166
Net income (loss) attributable to common shareholders 3,172 (2,971) 4,511 (6,849)
Basic and diluted per share amounts attributable to common shareholders:        
Income (loss) from continuing operations (in dollars per share) $ 0.18 $ (0.25) $ 0.22 $ (0.54)
Discontinued operations (in dollars per share) $ 0.05 $ 0.04 $ 0.10 $ 0.04
Basic and diluted earnings (loss) per share (in dollars per share) $ 0.23 $ (0.21) $ 0.32 $ (0.50)
Amounts attributable to BRT Realty Trust:        
Income (loss) from continuing operations 2,527 (3,560) 3,169 (7,426)
Discontinued operations 645 589 1,342 577
Net income (loss) attributable to common shareholders $ 3,172 $ (2,971) $ 4,511 $ (6,849)
Weighted average number of common shares outstanding:        
Basic (in shares) 14,070,774 14,106,816 14,031,861 13,800,708
Diluted (in shares) 14,070,774 14,106,816 14,031,861 13,800,708