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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
INCOME:    
Rental Revenue $ 40,999 $ 36,846
Reimbursement Revenue 7,475 6,737
Lease Termination Income 0 377
TOTAL INCOME 48,474 43,960
EXPENSES:    
Real Estate Taxes 5,956 5,318
Operating Expenses 1,762 1,736
General & Administrative Expenses 2,442 2,272
Non-recurring Strategic Alternatives & Proxy Costs 12,274 0
Depreciation 13,728 12,078
Amortization of Capitalized Lease Costs and Intangible Assets 894 809
TOTAL EXPENSES 37,056 22,213
OTHER INCOME (EXPENSE):    
Dividend Income 1,729 1,607
Unrealized Holding Gains Arising During the Periods 16,508 19,721
Interest Expense, including Amortization of Financing Costs (9,822) (9,159)
TOTAL OTHER INCOME (EXPENSE) 8,415 12,169
NET INCOME ATTRIBUTABLE TO SHAREHOLDERS 19,833 33,916
Less: Preferred Dividends 8,416 8,170
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 11,417 $ 25,746
BASIC INCOME – PER SHARE    
Net Income Attributable to Shareholders $ 0.20 $ 0.34
Less: Preferred Dividends (0.08) (0.08)
Net Income Attributable to Common Shareholders – Basic 0.12 0.26
DILUTED INCOME – PER SHARE    
Net Income Attributable to Shareholders 0.20 0.34
Less: Preferred Dividends (0.08) (0.08)
Net Income Attributable to Common Shareholders - Diluted $ 0.12 $ 0.26
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands)    
Basic 98,388 98,105
Diluted 98,479 98,211