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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2015
Sep. 30, 2014
Assets:    
Land $ 102,347 $ 102,146
Buildings and improvements 174,820 164,317
Projects under construction 4,129 8,971
Total investments in properties 281,296 275,434
Less accumulated depreciation and depletion 74,091 67,998
Net investments in properties 207,205 207,436
Real estate held for investment, at cost 7,306 7,304
Real estate held for sale, at cost 4,826 4,473
Investment in joint ventures 19,010 18,537
Net real estate investments 238,347 237,750
Cash and cash equivalents 419 1,013
Cash held in escrow 0 61
Accounts receivable 778 1,127
Federal and state income taxes receivable 393 0
Assets of discontinued operation 0 61,134
Unrealized rents 4,817 4,780
Deferred costs 7,592 7,027
Other assets 275 179
Total assets 252,621 313,071
Liabilities:    
Secured notes payable, less current portion 36,011 41,059
Secured notes payable, current portion 4,180 4,534
Line of credit payable 8,494 10,363
Accounts payable and accrued liabilities 3,456 3,948
Environmental remediation liability 51 1,771
Deferred revenue 1,060 872
Federal and state income taxes payable 0 572
Deferred income taxes 14,684 12,969
Liabilities of discontinued operation 0 28,412
Deferred compensation 1,400 1,247
Deferred lease intangible, net 45 103
Tenant security deposits 898 906
Total liabilities $ 70,279 $ 106,756
Commitments and contingencies (Note 13 & 14)
Equity:    
Common stock, $.10 par value; 25,000,000 shares authorized, 9,791,770 and 9,703,270 shares issued and outstanding, respectively $ 979 $ 970
Capital in excess of par value 49,872 47,892
Retained earnings 131,497 157,413
Accumulated other comprehensive (loss) income, net (6) 40
Total shareholders' equity 182,342 206,315
Total liabilities and shareholders' equity $ 252,621 $ 313,071