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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Revenues:      
Rental revenue $ 24,457 $ 23,410 $ 21,327
Mining Royalty and rents 7,443 5,999 5,256
Revenue - reimbursements 5,557 5,237 4,395
Total revenues 37,457 34,646 30,978
Cost of operations:      
Depreciation, depletion and amortization 8,051 7,378 6,705
Operating expenses 4,624 4,609 4,391
Environmental remediation expense (recovery) (1,000) 0 0
Property taxes 4,475 4,443 3,494
Management company indirect 1,844 1,647 1,424
Corporate expenses (Note 4 Related Party) 3,080 4,388 5,224
Total cost of operations 21,074 22,465 21,238
Total operating profit 16,383 12,181 9,740
Interest income 2 0 23
Interest expense (1,561) (2,014) (1,366)
Equity in loss of joint ventures (978) (145) (128)
Gain (loss) on investment land sold 6,029 (34) 476
Income from continuing operations before income taxes 19,875 9,988 8,745
Provision for income taxes 7,851 3,895 3,561
Income from continuing operations 12,024 6,093 5,184
Gain from discontinued transportation operations, net of taxes 0 2,179 4,835
Net income $ 12,024 $ 8,272 $ 10,019
Basic earnings per common share      
Income from continuing operations $ 1.22 $ 0.62 $ 0.54
Discontinued operations 0.00 0.23 0.50
Net income 1.22 0.85 1.04
Diluted earnings per common share      
Income from continuing operations 1.22 0.62 0.53
Discontinued operations 0.00 0.22 0.50
Net income $ 1.22 $ 0.84 $ 1.03
Number of shares (in thousands) used in computing:      
-basic earnings per common share 9,846 9,756 9,629
-diluted earnings per common share 9,890 9,827 9,710