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v3.10.0.1

CONSOLIDATED STATEMENTS OF INCOME - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Sep. 30, 2018 | Jun. 30, 2017 | Jun. 30, 2018 | Jun. 30, 2017
Revenues |  |  |  |
Rental income | $ 14,504,117 | $ 12,683,517 | $ 28,446,762 | $ 25,314,962
Laundry and sundry income | 126,140 | 104,274 | 242,495 | 216,436
Total Revenues | 14,630,257 | 12,787,791 | 28,689,257 | 25,531,398
Expenses |  |  |  |
Administrative | 548,645 | 463,008 | 1,087,790 | 988,744
Depreciation and amortization | 4,061,940 | 3,009,698 | 7,569,031 | 5,982,753
Management fee | 590,230 | 518,533 | 1,149,858 | 1,055,248
Operating | 1,184,073 | 1,032,064 | 3,084,839 | 2,746,025
Renting | 165,541 | 94,532 | 273,441 | 180,735
Repairs and maintenance | 2,315,040 | 2,053,272 | 4,129,323 | 3,508,894
Taxes and insurance | 1,893,555 | 1,646,053 | 3,762,038 | 3,356,457
Total Expenses | 10,759,024 | 8,817,160 | 21,056,320 | 17,818,856
Income Before Other Income (Expense) | 3,871,233 | 3,970,631 | 7,632,937 | 7,712,542
Other Income (Expense) |  |  |  |
Interest income | 73 | 404 | 237 | 716
Interest expense | (3,256,341) | (2,545,553) | (6,240,552) | (5,066,379)
Income from investments in unconsolidated joint ventures | (561,639) | 1,058,225 | 539,261 | 1,731,062
Total Other Income (Expense) | (3,817,907) | (1,486,924) | (5,701,054) | (3,334,601)
Net Income | $ 53,326 | $ 2,483,707 | $ 1,931,883 | $ 4,377,941
Income per Unit |  |  |  |
Net Income per Unit (in dollars per unit) | $ 0.43 | $ 19.97 | $ 15.53 | $ 35.19
Weighted Average Number of Units Outstanding (in units) | 124,386 | 124,386 | 124,386 | 124,392

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