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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2017
May 31, 2016
May 31, 2017
May 31, 2016
Consolidated Statements of Operations        
Rental revenue $ 7,332 $ 6,802 $ 14,311 $ 13,484
Revenue from property sales 10,755 (278) 10,755 (278)
Total revenue 18,087 6,524 25,066 13,206
Operating expenses of rental properties 2,204 1,992 4,689 4,158
Depreciation and amortization expense 2,386 2,169 4,736 4,314
Costs related to property sales 2,660   2,660  
General and administrative expenses 2,166 2,093 4,396 3,660
Total expenses 9,416 6,254 16,481 12,132
Operating income 8,671 270 8,585 1,074
Interest expense (1,444) (1,062) (2,757) (2,153)
Gain on sale of assets   122   122
Investment income 53 55 62 62
Income (loss) before income tax (provision) benefit 7,280 (615) 5,890 (895)
Income tax (provision) benefit (2,553) 236 (2,102) 181
Net income (loss) $ 4,727 $ (379) $ 3,788 $ (714)
Basic net income (loss) per common share:        
Basic net income (loss) per common share (in dollars per share) $ 0.95 $ (0.07) $ 0.75 $ (0.14)
Diluted net income (loss) per common share:        
Diluted net income (loss) per common share (in dollars per share) $ 0.94 $ (0.07) $ 0.75 $ (0.14)