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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2016
May 31, 2015
May 31, 2016
May 31, 2015
Consolidated Statements of Operations        
Rental revenue $ 6,802 $ 5,951 $ 13,484 $ 11,358
Revenue from property sales (278) 245 (278) 1,071
Total revenue 6,524 6,196 13,206 12,429
Operating expenses of rental properties 1,992 1,872 4,158 4,285
Depreciation and amortization expense 2,169 1,886 4,314 3,704
Costs related to property sales   118   322
General and administrative expenses 2,093 1,847 3,660 3,858
Total expenses 6,254 5,723 12,132 12,169
Operating income 270 473 1,074 260
Interest expense (1,062) (917) (2,153) (1,844)
Gain on sale of assets 122   122  
Investment income 55 71 62 105
Loss before income tax benefit (615) (373) (895) (1,479)
Income tax benefit 236 139 181 537
Net loss $ (379) $ (234) $ (714) $ (942)
Basic net income (loss) per common share:        
Basic net loss per common share (in dollars per share) $ (0.07) $ (0.05) $ (0.14) $ (0.18)
Diluted net income (loss) per common share:        
Diluted net loss per common share (in dollars per share) $ (0.07) $ (0.05) $ (0.14) $ (0.18)