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Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Sep. 30, 2014
Real estate investments at cost:    
Land $ 102,339 $ 102,146
Buildings and improvements 174,231 164,317
Projects under construction 1,982 8,971
Total investments in properties 278,552 275,434
Less accumulated depreciation and depletion 72,546 67,998
Net investments in properties 206,006 207,436
Real estate held for investment, at cost 7,306 7,304
Real estate held for sale, at cost 4,791 4,473
Investment in joint ventures 18,745 18,537
Net real estate investments 236,848 237,750
Cash and cash equivalents 739 1,013
Cash held in escrow 26 61
Accounts receivable 674 1,127
Federal and state income taxes receivable 536 0
Assets of discontinued operation 0 61,134
Unrealized rents 4,789 4,780
Deferred costs 5,653 7,027
Other assets 176 179
Total assets 249,441 313,071
Liabilities:    
Secured notes payable, less current portion 37,082 41,059
Secured notes payable, current portion 4,114 4,534
Line of credit payable 8,679 10,363
Accounts payable and accrued liabilities 2,570 3,948
Environmental remediation liability 542 1,771
Deferred revenue 36 872
Federal and state income taxes payable 0 572
Deferred income taxes 14,056 12,969
Liabilities of discontinued operation 0 28,412
Deferred compensation 1,369 1,247
Deferred lease intangible, net 59 103
Tenant security deposits 890 906
Total liabilities $ 69,397 $ 106,756
Commitments and contingencies (Note 8)    
Equity:    
Common stock, $.10 par value; 25,000,000 shares authorized, 9,779,770 and 9,703,270 shares issued and outstanding, respectively $ 978 $ 970
Capital in excess of par value 49,650 47,892
Retained earnings 129,428 157,413
Accumulated other comprehensive (loss) income, net (12) 40
Total shareholders' equity 180,044 206,315
Total liabilities and shareholders' equity $ 249,441 $ 313,071