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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands
Jun. 30, 2011
Dec. 31, 2010
Real estate investments, at cost    
Land $ 127,531 $ 126,697
Buildings and improvements 323,110 319,203
Total real estate investments, at cost 450,641 445,900
Less accumulated depreciation 58,365 54,137
Real estate investments, net 392,276 391,763
Property held for sale (including related assets of $808)   10,678
Investment in unconsolidated joint ventures 5,287 4,777
Cash and cash equivalents 11,447 7,732
Available-for-sale securities 367 422
Unbilled rent receivable 11,811 11,149
Unamortized intangible lease assets 10,501 10,887
Escrow, deposits and other assets and receivables 3,021 4,684
Investment in BRT Realty Trust at market (related party) 234 266
Unamortized deferred financing costs 2,402 2,265
Total assets 437,346 444,623
Liabilities:    
Mortgages payable 198,174 215,308
Line of credit 4,500 36,200
Dividends payable 4,762 3,806
Accrued expenses and other liabilities 4,323 5,144
Unamortized intangible lease liabilities 5,384 4,982
Total liabilities 217,143 265,440
Commitments and contingencies    
Stockholders' equity:    
Preferred stock, $1 par value; 12,500 shares authorized; none issued    
Common stock, $1 par value; 25,000 shares authorized; 14,081 and 11,212 shares issued and outstanding 14,081 11,212
Paid-in capital 187,222 147,158
Accumulated other comprehensive loss (443) (156)
Accumulated undistributed net income 19,343 20,969
Total stockholders' equity 220,203 179,183
Total liabilities and stockholders' equity $ 437,346 $ 444,623