2010 Q3 Form 10-K Financial Statement
#000104746911010045 Filed on December 13, 2011
Income Statement
Concept | 2010 Q3 | 2009 | 2008 Q3 |
---|---|---|---|
Revenue | $1.880M | $12.15M | $4.960M |
YoY Change | -10.9% | -44.75% | -42.46% |
Cost Of Revenue | $820.0K | $3.300M | $1.840M |
YoY Change | -24.07% | 22.22% | 234.55% |
Gross Profit | $1.060M | $8.900M | $3.130M |
YoY Change | 2.91% | -53.89% | -61.21% |
Gross Profit Margin | 56.38% | 73.23% | 63.1% |
Selling, General & Admin | $1.850M | $25.10M | $5.570M |
YoY Change | 22.52% | 2.87% | -44.58% |
% of Gross Profit | 174.53% | 282.02% | 177.96% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $240.0K | $1.686M | $490.0K |
YoY Change | -17.24% | 11.66% | 188.24% |
% of Gross Profit | 22.64% | 18.94% | 15.65% |
Operating Expenses | $2.030M | $36.33M | $5.910M |
YoY Change | 13.41% | 44.16% | -41.54% |
Operating Profit | -$970.0K | -$24.18M | -$2.780M |
YoY Change | 27.63% | 309.75% | 36.27% |
Interest Expense | -$370.0K | -$6.200M | $6.800M |
YoY Change | -37.29% | -142.18% | -575.52% |
% of Operating Profit | |||
Other Income/Expense, Net | |||
YoY Change | |||
Pretax Income | -$1.340M | -$19.20M | $3.430M |
YoY Change | -126.33% | -349.35% | -198.85% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | ||
Net Earnings | -$1.170M | -$48.36M | $2.210M |
YoY Change | -133.72% | 16020.0% | -163.32% |
Net Earnings / Revenue | -62.23% | -397.89% | 44.56% |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$83.10K | -$4.121M | $163.9K |
COMMON SHARES | |||
Basic Shares Outstanding | 11.64M shares | ||
Diluted Shares Outstanding | 11.64M shares |
Balance Sheet
Concept | 2010 Q3 | 2009 | 2008 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $58.50M | $25.70M | $35.80M |
YoY Change | 127.63% | -28.21% | 109.36% |
Cash & Equivalents | $58.50M | $25.70M | $35.77M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $58.50M | $58.50M | $35.80M |
YoY Change | 127.63% | 127.63% | 109.36% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $55.80M | $55.50M | $30.50M |
YoY Change | 0.54% | 81.97% | 824.24% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $775.0K | $105.2M | $195.5M |
YoY Change | -99.26% | -46.19% | -34.35% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $127.8M | $134.8M | $234.2M |
YoY Change | -23.77% | -44.82% | -24.69% |
TOTAL ASSETS | |||
Total Short-Term Assets | $58.50M | $58.50M | $35.80M |
Total Long-Term Assets | $127.8M | $134.8M | $234.2M |
Total Assets | $186.3M | $193.3M | $270.0M |
YoY Change | -3.64% | -28.41% | -17.71% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.300M | $2.100M | $3.500M |
YoY Change | -38.1% | -40.0% | -2.78% |
Accrued Expenses | |||
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.000M | $3.000M | $21.10M |
YoY Change | -82.76% | -82.76% | 52.9% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $53.40M | $49.70M | $62.00M |
YoY Change | 7.44% | -19.84% | -21.62% |
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $53.40M | $49.70M | $62.00M |
YoY Change | 7.44% | -19.84% | -21.62% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.000M | $3.000M | $21.10M |
Total Long-Term Liabilities | $53.40M | $49.70M | $62.00M |
Total Liabilities | $56.43M | $72.10M | $83.20M |
YoY Change | -21.74% | -13.34% | -10.44% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$83.39M | ||
YoY Change | |||
Common Stock | $45.45M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $11.36M | ||
YoY Change | |||
Treasury Stock Shares | 1.460M shares | ||
Shareholders Equity | $124.6M | $121.2M | $186.8M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $186.3M | $193.3M | $270.0M |
YoY Change | -3.64% | -28.41% | -17.71% |
Cashflow Statement
Concept | 2010 Q3 | 2009 | 2008 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.170M | -$48.36M | $2.210M |
YoY Change | -133.72% | 16020.0% | -163.32% |
Depreciation, Depletion And Amortization | $240.0K | $1.686M | $490.0K |
YoY Change | -17.24% | 11.66% | 188.24% |
Cash From Operating Activities | -$40.00K | -$7.427M | -$20.00K |
YoY Change | -105.33% | -349.23% | -100.44% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$4.140M | -$33.14M | -$32.86M |
YoY Change | -77.25% | -52.62% | -6.65% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $11.42M | $51.16M | $70.18M |
YoY Change | -52.67% | -59.11% | 88.61% |
Cash From Investing Activities | $7.260M | $18.02M | $37.32M |
YoY Change | 22.64% | -67.35% | 1756.72% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $943.0K | ||
YoY Change | -84.81% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 1.020M | -$20.65M | -16.87M |
YoY Change | -129.74% | -47.73% | 1604.04% |
NET CHANGE | |||
Cash From Operating Activities | -40.00K | -$7.427M | -20.00K |
Cash From Investing Activities | 7.260M | $18.02M | 37.32M |
Cash From Financing Activities | 1.020M | -$20.65M | -16.87M |
Net Change In Cash | 8.240M | -$10.06M | 20.43M |
YoY Change | 154.32% | -153.87% | 266.13% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$40.00K | -$7.427M | -$20.00K |
Capital Expenditures | -$4.140M | -$33.14M | -$32.86M |
Free Cash Flow | $4.100M | $25.71M | $32.84M |
YoY Change | -78.36% | -64.74% | -17.4% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2010 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
196000 | USD |
CY2010 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11709000 | USD |
CY2010 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
2625000 | USD |
CY2010 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
3165000 | USD |
CY2010 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
1586000 | USD |
CY2010 | us-gaap |
Operating Expenses
OperatingExpenses
|
19844000 | USD |
CY2010 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
733000 | USD |
CY2010 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
3216000 | USD |
CY2011 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
4047000 | USD |
CY2010 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6063000 | USD |
CY2010 | brt |
Professional Fees Foreclosure
ProfessionalFeesForeclosure
|
673000 | USD |
CY2010 | brt |
Advisors Fees Related Party
AdvisorsFeesRelatedParty
|
785000 | USD |
CY2010 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
2584000 | USD |
CY2010 | us-gaap |
Revenues
Revenues
|
8135000 | USD |
CY2010 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
471000 | USD |
CY2010 | us-gaap |
Valuation Allowances And Reserves Recoveries
ValuationAllowancesAndReservesRecoveries
|
365000 | USD |
CY2011 | us-gaap |
Operating Expenses
OperatingExpenses
|
13834000 | USD |
CY2010 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
3422000 | USD |
CY2010 | us-gaap |
Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
|
253000 | USD |
CY2010 | brt |
Interest On Purchase Money Mortgage Real Estate Loans
InterestOnPurchaseMoneyMortgageRealEstateLoans
|
1212000 | USD |
CY2010 | brt |
Interest On Mortgage Real Estate Loans
InterestOnMortgageRealEstateLoans
|
2412000 | USD |
CY2009 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
11643972 | shares |
CY2009 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
11643972 | shares |
CY2009 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-29124000 | USD |
CY2009 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-18631000 | USD |
CY2009 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-4.10 | |
CY2009 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
-1.60 | |
CY2009 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-2.50 | |
CY2009 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-605000 | USD |
CY2009 | us-gaap |
Profit Loss
ProfitLoss
|
-48360000 | USD |
CY2009 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
-29124000 | USD |
CY2009 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
2199000 | USD |
CY2009 | brt |
Discontinued Operation Impairment Charges
DiscontinuedOperationImpairmentCharges
|
29774000 | USD |
CY2009 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
-1549000 | USD |
CY2009 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-19236000 | USD |
CY2011 | us-gaap |
Revenues
Revenues
|
17881000 | USD |
CY2009 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
6443000 | USD |
CY2009 | us-gaap |
Marketable Securities Gain Loss
MarketableSecuritiesGainLoss
|
1016000 | USD |
CY2009 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2791000 | USD |
CY2009 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-24175000 | USD |
CY2009 | us-gaap |
Operating Expenses
OperatingExpenses
|
36329000 | USD |
CY2009 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1284000 | USD |
CY2009 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
2133000 | USD |
CY2009 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7045000 | USD |
CY2009 | brt |
Professional Fees Debt Restructuring
ProfessionalFeesDebtRestructuring
|
685000 | USD |
CY2010Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
775000 | USD |
CY2010Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
55843000 | USD |
CY2010Q3 | brt |
Real Estate Purchase Money Mortgage Loans Commercial
RealEstatePurchaseMoneyMortgageLoansCommercial
|
5340000 | USD |
CY2010Q3 | us-gaap |
Loans And Leases Receivable Commercial Allowance
LoansAndLeasesReceivableCommercialAllowance
|
3165000 | USD |
CY2010Q3 | brt |
Real Estate Mortgage Loans Commercial Net
RealEstateMortgageLoansCommercialNet
|
48996000 | USD |
CY2010Q3 | us-gaap |
Loans And Leases Receivable Deferred Income Commercial
LoansAndLeasesReceivableDeferredIncomeCommercial
|
245000 | USD |
CY2010Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2010Q3 | brt |
Real Estate Mortgage Loans Commercial
RealEstateMortgageLoansCommercial
|
52406000 | USD |
CY2010Q3 | brt |
Non Interest Earning Real Estate Mortgage Loans Commercial
NonInterestEarningRealEstateMortgageLoansCommercial
|
35143000 | USD |
CY2011Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
135729000 | USD |
CY2011Q3 | us-gaap |
Liabilities
Liabilities
|
55283000 | USD |
CY2011Q3 | us-gaap |
Assets
Assets
|
191012000 | USD |
CY2011Q3 | brt |
Real Estate Mortgage Loans Commercial Net
RealEstateMortgageLoansCommercialNet
|
66690000 | USD |
CY2011Q3 | brt |
Real Estate Mortgage Loans Commercial
RealEstateMortgageLoansCommercial
|
67266000 | USD |
CY2010Q3 | brt |
Interest Earning Real Estate Mortgage Loans Commercial
InterestEarningRealEstateMortgageLoansCommercial
|
17263000 | USD |
CY2011Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
USD | |
CY2010Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
186266000 | USD |
CY2011Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
191012000 | USD |
CY2010Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
129839000 | USD |
CY2010Q3 | us-gaap |
Minority Interest
MinorityInterest
|
5285000 | USD |
CY2010Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
1806000 | USD |
CY2010Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
124554000 | USD |
CY2011Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
2511000 | USD |
CY2010Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
3 | |
CY2011Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
3 | |
CY2010Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2011Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
1 | |
CY2011Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1422000 | shares |
CY2010Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
15148000 | shares |
CY2010Q3 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
1460000 | shares |
CY2011Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14994000 | shares |
CY2010Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
590000 | USD |
CY2010 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-8605000 | USD |
CY2010 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.58 | |
CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.04 | |
CY2009 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
1002000 | USD |
CY2010 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
822000 | USD |
CY2011 | us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
847000 | USD |
CY2010 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
-0.62 | |
CY2010 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-1322000 | USD |
CY2010 | us-gaap |
Profit Loss
ProfitLoss
|
-9337000 | USD |
CY2010 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
|
590000 | USD |
CY2010 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
1937000 | USD |
CY2011 | us-gaap |
Profit Loss
ProfitLoss
|
4924000 | USD |
CY2010 | brt |
Discontinued Operation Impairment Charges
DiscontinuedOperationImpairmentCharges
|
745000 | USD |
CY2010 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
-602000 | USD |
CY2010 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
-9927000 | USD |
CY2010 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-10454000 | USD |
CY2010 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-1117000 | USD |
CY2010 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
290000 | USD |
CY2010 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
229000 | USD |
CY2010 | brt |
Noncontrolling Interest Increase From Capital Contribution
NoncontrollingInterestIncreaseFromCapitalContribution
|
1846000 | USD |
CY2010 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
833000 | USD |
CY2010 | us-gaap |
Stock Issued During Period Value Stock Dividend
StockIssuedDuringPeriodValueStockDividend
|
11916000 | USD |
CY2009 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-52775000 | USD |
CY2009 | us-gaap |
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
|
-4415000 | USD |
CY2009 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
943000 | USD |
CY2009 | brt |
Interest On Purchase Money Mortgage Real Estate Loans
InterestOnPurchaseMoneyMortgageRealEstateLoans
|
246000 | USD |
CY2010 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13871668 | shares |
CY2009 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
60000 | USD |
CY2009 | brt |
Noncontrolling Interest Increase From Capital Contribution
NoncontrollingInterestIncreaseFromCapitalContribution
|
5534000 | USD |
CY2009 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
876000 | USD |
CY2009 | brt |
Professional Fees Foreclosure
ProfessionalFeesForeclosure
|
908000 | USD |
CY2010 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13871668 | shares |
CY2009 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
1272000 | USD |
CY2009 | us-gaap |
Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
|
17110000 | USD |
CY2009 | brt |
Advisors Fees Related Party
AdvisorsFeesRelatedParty
|
1173000 | USD |
CY2009 | us-gaap |
Financing Interest Expense
FinancingInterestExpense
|
4719000 | USD |
CY2009 | us-gaap |
Revenues
Revenues
|
12154000 | USD |
CY2009 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
726000 | USD |
CY2009 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
1718000 | USD |
CY2009 | us-gaap |
Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
|
887000 | USD |
CY2009 | brt |
Interest On Mortgage Real Estate Loans
InterestOnMortgageRealEstateLoans
|
8577000 | USD |
CY2009 | us-gaap |
Real Estate Other Additions
RealEstateOtherAdditions
|
-15718000 | USD |
CY2009 | brt |
Proceeds From Collection Of Loan Fees
ProceedsFromCollectionOfLoanFees
|
557000 | USD |
CY2009 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
4721000 | USD |
CY2009 | us-gaap |
Proceeds From Recoveries Of Loans Previously Charged Off
ProceedsFromRecoveriesOfLoansPreviouslyChargedOff
|
-2417000 | USD |
CY2009 | brt |
Payments For Origination Of Mortgage Loans Held For Investment
PaymentsForOriginationOfMortgageLoansHeldForInvestment
|
12704000 | USD |
CY2009 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
20207000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-7427000 | USD |
CY2009 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-280000 | USD |
CY2009 | brt |
Increase Decrease In Security Deposits And Other Receivable
IncreaseDecreaseInSecurityDepositsAndOtherReceivable
|
-60000 | USD |
CY2009 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1431000 | USD |
CY2009 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
1876000 | USD |
CY2009 | us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
-754000 | USD |
CY2009 | us-gaap |
Increase Decrease In Deferred Rent Receivables
IncreaseDecreaseInDeferredRentReceivables
|
16000 | USD |
CY2009 | brt |
Distribution Of Earnings Of Unconsolidated Joint Ventures
DistributionOfEarningsOfUnconsolidatedJointVentures
|
185000 | USD |
CY2009 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
876000 | USD |
CY2010 | brt |
Reclassification Of Real Estate Properties Held For Sale To Real Estate
ReclassificationOfRealEstatePropertiesHeldForSaleToRealEstate
|
8552000 | USD |
CY2009 | us-gaap |
Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
|
28000 | USD |
CY2009 | brt |
Accretion Of Junior Subordinated Notes Principal
AccretionOfJuniorSubordinatedNotesPrincipal
|
-322000 | USD |
CY2009 | brt |
Amortization Of Deferred Fee Income
AmortizationOfDeferredFeeIncome
|
897000 | USD |
CY2009 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
1686000 | USD |
CY2009 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
31046000 | USD |
CY2010 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
17000 | USD |
CY2010 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2120000 | USD |
CY2010Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
58497000 | USD |
CY2009Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
25708000 | USD |
CY2010 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
32789000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2209000 | USD |
CY2010 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
290000 | USD |
CY2010 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
229000 | USD |
CY2010 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
1846000 | USD |
CY2010 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
60000 | USD |
CY2010 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1334000 | USD |
CY2010 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
821000 | USD |
CY2010 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
105000 | USD |
CY2010 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
3202000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
36294000 | USD |
CY2011 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<table style="font-size:10pt; font-family:'Times New Roman',times,serif;"> <tr> <td> <p style="FONT-FAMILY: times"><font size="2"><b>NOTE 1—ORGANIZATION, BACKGROUND AND SIGNIFICANT ACCOUNTING POLICIES </b></font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Organization and Background</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> BRT Realty Trust is a business trust organized in Massachusetts. Our primary business is to originate and hold for investment senior mortgage loans secured by commercial and multi-family real estate property in the United States. This includes originating loans to persons purchasing their own or third party mortgage debt, at a discount to the principal amount thereof. Generally, in such transactions, we purchase the mortgage and our counterparty is obligated to repurchase such mortgage within a specified period. The loans we originate generally have relatively high yields and are short-term or bridge loans with a duration ranging from six months to one year. It is our policy to lend at a floating rate of interest based on a spread over the prime rate, with a stated minimum rate, though we originate fixed rate loans as circumstances dictate. We receive an origination fee for the loans we originate. We conduct our operations to qualify as a real estate investment trust, or REIT, for Federal income tax purposes.</font></p> <p style="FONT-FAMILY: times"><font size="2"> From time-to-time we originate junior commercial and multi-family mortgage loans, participate as an equity investor in, and mortgage lender to, joint ventures which acquire income producing real estate property, and purchase securities of other REITs.</font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Principles of Consolidation; Basis of Preparation </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Certain items on the consolidated financial statements for the preceding periods have been reclassified in the accompanying consolidated financial statements to conform to the current year's presentation. </font></p> <p style="FONT-FAMILY: times"><font size="2"> The consolidated financial statements include the accounts and operations of BRT Realty Trust, its wholly owned subsidiaries, and its majority-owned or controlled real estate entities and its interests in variable interest entities in which it is the primary beneficiary. Material intercompany items and transactions have been eliminated. BRT Realty Trust and its subsidiaries are hereinafter referred to as "BRT" or the "Trust." </font></p> <p style="FONT-FAMILY: times"><font size="2"> With respect to its unconsolidated joint ventures, as (i) the Trust is primarily the managing member but does not exercise substantial operating control over these entities or the Trust is not the managing member and (ii) such entities are not variable-interest entities, the Trust has determined that such joint ventures should be accounted for under the equity method of accounting for financial statement purposes. </font></p> <p style="FONT-FAMILY: times"><font size="2"> RBH-TRB Newark Holdings LLC was determined to be a Variable Interest Entity ("VIE") because the total equity investment at risk is not sufficient to permit it to finance its activities without additional subordinated financial support by its equity holders. The Trust was determined to be the primary beneficiary as it has a controlling financial interest in the VIE as it has the obligation to absorb a majority of the VIE's expected losses. For these reasons, the Trust has consolidated the operations and assets of this VIE in the Trust's consolidated financial statements. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Income Tax Status </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> The Trust qualifies as a real estate investment trust under Sections 856-860 of the Internal Revenue Code of 1986, as amended. The Trustees may, at their option, elect to operate the Trust as a business trust not qualifying as a real estate investment trust.</font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Income Recognition </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Income and expenses are recorded on the accrual basis of accounting for financial reporting purposes. The Trust does not accrue interest on impaired loans where, in the judgment of management, collection of interest according to the contractual terms of the loan documents is considered doubtful. Among the factors the Trust considers in making an evaluation of the amount of interest that is collectable, are the financial condition of the borrower, the status of the underlying collateral and anticipated future events. The Trust accrues interest on performing impaired loans and records cash receipts as a reduction of interest receivable. For impaired non-accrual loans, interest is recognized on a cash basis. The Trust will resume the accrual of interest if it determines the collection of interest according to the contractual terms of the loan is probable. </font></p> <p style="FONT-FAMILY: times"><font size="2"> Loan commitment, origination and extension fee income on loans held in our portfolio is deferred and recorded as loan fee income over the life of the commitment and loan. Commitment fees are generally non-refundable. When a commitment expires or the Trust no longer has any other obligation to perform, the remaining fee is recognized into income. </font></p> <p style="FONT-FAMILY: times"><font size="2"> Rental revenue from real estate properties includes the base rent that each tenant is required to pay in accordance with the terms of their respective leases reported on a straight line basis over the initial term of the lease. </font></p> <p style="FONT-FAMILY: times"><font size="2"> The basis on which cost was determined in computing the realized gain or loss on available-for-sale securities is specific cost. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Allowance for Possible Losses</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> A loan evaluated for impairment is deemed to be impaired when based on current information and events, it is probable, in the judgment of management, that the Trust will not be able to collect all amounts due according to the contractual terms of the loan documents. When making this evaluation various factors are considered, as appropriate, including, market evaluations of the underlying collateral, estimated operating cash flow from the property during the projected holding period, and estimated sales value computed by applying an estimated capitalization rate to the projected stabilized net operating income of the specific property, less selling costs, discounted at market discount rates. If upon completion of the evaluation, the value of the collateral securing the loan is less than the recorded investment in the loan, an allowance is created with a corresponding charge to expense. The fair values related to the collateral securing impaired loans based on discounted cash flow models are considered to be level 3 valuations within the fair value hierarchy. When the Trust acquires title to the property, the loan loss allowance is adjusted by charging off all amounts related to the loan and recording the property at its adjusted carrying value. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Real Estate Properties, Real Estate Properties Held For Sale and Loan Held For Sale </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Real estate properties are shown net of accumulated depreciation and includes real property acquired by foreclosure and similar proceedings. </font></p> <p style="FONT-FAMILY: times"><font size="2"> When real estate is acquired by foreclosure proceedings, it is recorded at the lower of the recorded investment of the loan or estimated fair value of the property at the time of foreclosure or delivery of a deed in lieu of foreclosure. The recorded investment is the face amount of the loan that has been decreased by any deferred fees, loan loss allowances and any valuation adjustments. Real estate assets, including assets acquired by foreclosure proceedings, that are operated for the production of income are depreciated over their estimated useful lives. Costs incurred in connection with the foreclosure of the properties collateralizing the real estate loans are expensed as incurred. </font></p> <p style="FONT-FAMILY: times"><font size="2"> Real estate and real estate loans are classified as held for sale when management has determined that it has met the appropriate criteria in Accounting Standards Codification (ASC) 360. Real estate properties which are held for sale are not depreciated and their operations are shown in discontinued operations. Real estate assets and loans that are expected to be disposed of are valued at the lower of their carrying amount or their fair value less costs to sell on an individual asset basis. </font></p> <p style="FONT-FAMILY: times"><font size="2"> The Trust accounts for the sale of real estate when title passes to the buyer, sufficient equity payments have been received, there is no continuing involvement by the Trust and there is reasonable assurance that the remaining receivable, if any, will be collected. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Real Estate Asset Impairments</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> The Trust reviews each real estate asset owned, including investments in real estate ventures to determine if there are indicators of impairment. If such indicators are present, the Trust determines whether the carrying amount of the asset can be recovered. Recognition of impairment is required if the undiscounted cash flows estimated to be generated by the assets are less than the assets' carrying amount. Measurement of impairment is based upon the estimated fair value of the asset. In evaluating a property for impairment, various factors are considered, including estimated current and expected operating cash flow from the property during the projected holding period, costs necessary to extend the life or improve the asset, expected capitalization rates, projected stabilized net operating income, selling costs, and the ability to hold and dispose of such real estate owned in the ordinary course of business. Valuation adjustments may be necessary in the event that effective interest rates, rent-up periods, future economic conditions, and other relevant factors vary significantly from those assumed in valuing the property. If future evaluations result in a diminution in the value of the property, the reduction will be recognized as an impairment charge. The fair values related to the impaired real estate are considered to be a level 3 valuation within the fair value hierarchy. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Fixed Asset Capitalization</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> A variety of costs may be incurred in the development of our properties. After a determination is made to capitalize a cost, it is allocated to the specific project that is benefited. The costs of land and building under development include specifically identifiable costs. The capitalized costs include pre-construction costs essential to the development of the property, development costs, construction costs, interest costs, real estate taxes, and other costs incurred during the period of development. We consider a construction project as substantially completed when it is available for occupancy, but no later than one year from cessation of major construction activity. We cease capitalization when the project is available for occupancy. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Equity Based Compensation</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> The Trust's compensation expense for restricted stock awards is amortized over the vesting period of such awards, based upon the estimated fair value of such restricted stock at the grant date. For accounting purposes, the restricted shares are not included in the outstanding shares shown on the consolidated balance sheets until they vest, however, they are included in the calculation of both basic and diluted earnings per share as they participate in the earnings of the Trust. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Per Share Data </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Basic earnings (loss) per share was determined by dividing net income (loss) applicable to common shareholders for each year by the weighted average number of shares of beneficial interest outstanding during each year. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue shares of beneficial interest were exercised or converted into shares of beneficial interest or resulted in the issuance of shares of beneficial interest that share in the earnings of the Trust. Diluted earnings per share was determined by dividing net income applicable to common shareholders for each year by the total of the weighted average number of shares of beneficial interest outstanding plus the dilutive effect of the Trust's unvested restricted stock and outstanding options and warrants using the treasury stock method. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Cash Equivalents </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Cash equivalents consist of highly liquid investments, primarily direct United States treasury obligations with maturities of three months or less when purchased. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Use of Estimates </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> The preparation of the financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>Segment Reporting </b></font></p> <p style="FONT-FAMILY: times"><font size="2"> Management has determined that it operates in two reportable segments: a loan and investment segment and a real estate segment. The loan and investment segment includes all activities related to the origination and servicing of our loan portfolio and other investments and the real estate segment includes all activities related to the development, operation and disposition of the Trusts real estate assets. These two lines of business require different support infrastructures. </font></p> <p style="FONT-FAMILY: times"><font size="2"><b>New Accounting Pronouncements</b></font></p> <p style="FONT-FAMILY: times"><font size="2"> In June 2009, the FASB issued updated guidance, which amends guidance for determining whether an entity is a variable interest entity, or VIE, and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE. Under this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity's economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE. This guidance was effective for the first annual reporting period that began after November 15, 2009. The Trust adopted this guidance on October 1, 2010 and the adoption did not have a material impact on the consolidated financial statements. </font></p> <p style="FONT-FAMILY: times"><font size="2"> In July 2010, the FASB issued updated guidance on disclosures about the credit quality of financing receivables and the allowance for credit losses which will require a greater level of information disclosed about the credit quality of loans and allowance for loan losses, as well as additional information related to credit quality indicators, past due information, and information related to loans modified in a troubled debt restructuring. This guidance became effective for public entities for interim and annual reporting periods ending on or after December 15, 2010. The Trust adopted this guidance on January 1, 2011 and the adoption did not have a material impact on the consolidated financial statements.</font></p> <p style="FONT-FAMILY: times"><font size="2"> In April 2011, the FASB issued Accounting Standard Unit (ASU) No. 2011-02 which is included in Accounting Standards Codification (ASC) 320, Receivables. This update requires a creditor to evaluate whether a restructuring constitutes a troubled debt restructuring by concluding that the restructuring constitutes a concession and that the debtor is experiencing financial difficulties. This guidance was effective for the Trust interim reporting beginning July 1, 2011. This guidance did not have a material impact on its financial condition, results of operations or disclosures. </font></p> <p style="FONT-FAMILY: times"><font size="2"> In May 2011, the FASB issued ASU No. 2011-04, which is included in ASC 820, Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S GAAP and IFRS. This update defines fair value, clarifies a framework to measure fair value, and requires specific disclosures of fair value measurements. The guidance will be effective for the Trust's interim and annual reporting periods beginning October 1, 2011, and applied prospectively. The Trust does not expect adoption of this guidance to have a material impact on its financial condition, results of operations, or disclosures. </font></p> <p style="FONT-FAMILY: times"><font size="2"> In June 2011, the FASB issued ASU No. 2011-05, which is included in ASC 220, Presentation of Comprehensive Income. This update improves the comparability, consistency, and transparency of financial reporting and increases the prominence of items reported in other comprehensive income. The guidance requires all non-owner changes in shareholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements. The guidance will be effective for the Trust's interim and annual reporting periods beginning January 1, 2012, and applied retrospectively. The Trust does not expect adoption of this guidance to have a material impact on its financial condition, results of operations, or disclosures. </font></p></td></tr></table> | |
CY2010 | us-gaap |
Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
|
1000000 | USD |
CY2010 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
4194000 | USD |
CY2011Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
13940523 | shares |
CY2011Q1 | dei |
Entity Public Float
EntityPublicFloat
|
53800000 | USD |
CY2011 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2010 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
3425000 | USD |
CY2009 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
256110 | shares |
CY2010 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
52403 | shares |
CY2011 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
154692 | shares |
CY2009 | us-gaap |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
1014000 | USD |
CY2010 | us-gaap |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
1557000 | USD |
CY2011 | us-gaap |
Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
|
462000 | USD |
CY2008Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
186893000 | USD |
CY2009Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
126217000 | USD |
CY2010Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2010Q3 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
11364000 | USD |
CY2011Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2010Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2011Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
10000000 | shares |
CY2010Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-83389000 | USD |
CY2010Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
1594000 | USD |
CY2010Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
172268000 | USD |
CY2010Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
45445000 | USD |
CY2010Q3 | us-gaap |
Liabilities
Liabilities
|
56427000 | USD |
CY2010Q3 | brt |
Deposits Payable And Escrow
DepositsPayableAndEscrow
|
1723000 | USD |
CY2010Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1332000 | USD |
CY2010Q3 | us-gaap |
Secured Debt
SecuredDebt
|
12557000 | USD |
CY2010Q3 | us-gaap |
Junior Subordinated Notes
JuniorSubordinatedNotes
|
40815000 | USD |
CY2011Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2010Q3 | us-gaap |
Assets
Assets
|
186266000 | USD |
CY2010Q3 | us-gaap |
Other Assets
OtherAssets
|
6545000 | USD |
CY2010Q3 | us-gaap |
Available For Sale Securities
AvailableForSaleSecurities
|
10270000 | USD |
CY2011 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2011 | |
CY2011 | dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | |
CY2011 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2011 | dei |
Entity Voluntary Filers
EntityVoluntaryFilers
|
No | |
CY2011 | dei |
Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
|
No | |
CY2011 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--09-30 | |
CY2011 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2011 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2011-09-30 | |
CY2011 | dei |
Document Type
DocumentType
|
10-K | |
CY2011 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000014846 | |
CY2010 | us-gaap |
Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
|
15930000 | USD |
CY2011 | dei |
Entity Registrant Name
EntityRegistrantName
|
BRT REALTY TRUST | |
CY2010 | brt |
Proceeds From Collection Of Loan Fees
ProceedsFromCollectionOfLoanFees
|
419000 | USD |
CY2010 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
4120000 | USD |
CY2010 | us-gaap |
Proceeds From Recoveries Of Loans Previously Charged Off
ProceedsFromRecoveriesOfLoansPreviouslyChargedOff
|
-227000 | USD |
CY2010 | us-gaap |
Proceeds From Sale And Collection Of Mortgage Notes Receivable
ProceedsFromSaleAndCollectionOfMortgageNotesReceivable
|
16815000 | USD |
CY2010 | brt |
Payments For Origination Of Mortgage Loans Held For Investment
PaymentsForOriginationOfMortgageLoansHeldForInvestment
|
17384000 | USD |
CY2010 | us-gaap |
Proceeds From Collection Of Loans Receivable
ProceedsFromCollectionOfLoansReceivable
|
22475000 | USD |
CY2010 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-5714000 | USD |
CY2010 | us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
27000 | USD |
CY2010 | brt |
Increase Decrease In Security Deposits And Other Receivable
IncreaseDecreaseInSecurityDepositsAndOtherReceivable
|
270000 | USD |
CY2011 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-14472000 | USD |
CY2010 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-960000 | USD |
CY2010 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-115000 | USD |
CY2010 | us-gaap |
Increase Decrease In Interest And Dividends Receivable
IncreaseDecreaseInInterestAndDividendsReceivable
|
-398000 | USD |
CY2010 | us-gaap |
Increase Decrease In Deferred Rent Receivables
IncreaseDecreaseInDeferredRentReceivables
|
330000 | USD |
CY2010 | brt |
Distribution Of Earnings Of Unconsolidated Joint Ventures
DistributionOfEarningsOfUnconsolidatedJointVentures
|
193000 | USD |
CY2010 | us-gaap |
Restricted Stock Expense
RestrictedStockExpense
|
833000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-2178000 | USD |
CY2010 | us-gaap |
Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
|
69000 | USD |
CY2010 | brt |
Accretion Of Junior Subordinated Notes Principal
AccretionOfJuniorSubordinatedNotesPrincipal
|
-581000 | USD |
CY2010 | brt |
Amortization Of Deferred Fee Income
AmortizationOfDeferredFeeIncome
|
219000 | USD |
CY2010 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
927000 | USD |
CY2010 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
3370000 | USD |
CY2009 | brt |
Reclassification Of Real Estate Properties Held For Sale To Real Estate
ReclassificationOfRealEstatePropertiesHeldForSaleToRealEstate
|
6801000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-13736000 | USD |
CY2009 | brt |
Seller Financing Provided For Sale Of Real Estate
SellerFinancingProvidedForSaleOfRealEstate
|
17777000 | USD |
CY2009 | us-gaap |
Notes Reduction
NotesReduction
|
1702000 | USD |
CY2009 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
145000 | USD |
CY2009 | us-gaap |
Interest Paid Net
InterestPaidNet
|
5841000 | USD |
CY2008Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
35765000 | USD |
CY2009 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-10057000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-20648000 | USD |
CY2009 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
943000 | USD |
CY2009 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
3117000 | USD |
CY2009 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
15564000 | USD |
CY2009 | us-gaap |
Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
|
987000 | USD |
CY2009 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
86000 | USD |
CY2009 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
5131000 | USD |
CY2009 | us-gaap |
Repayments Of Subordinated Debt
RepaymentsOfSubordinatedDebt
|
8316000 | USD |
CY2011 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
1442000 | USD |
CY2009 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
9000000 | USD |
CY2009 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
18018000 | USD |
CY2009 | us-gaap |
Proceeds From Divestiture Of Interest In Joint Venture
ProceedsFromDivestitureOfInterestInJointVenture
|
1350000 | USD |
CY2009 | us-gaap |
Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
|
781000 | USD |
CY2009 | brt |
Distributions Of Capital Of Unconsolidated Joint Ventures
DistributionsOfCapitalOfUnconsolidatedJointVentures
|
4111000 | USD |
CY2009 | us-gaap |
Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
|
4520000 | USD |
CY2009 | us-gaap |
Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
|
2668000 | USD |
CY2009 | us-gaap |
Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
|
25152000 | USD |