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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2017
May 31, 2016
Operating activities:    
Net income (loss) $ 3,788 $ (714)
Adjustments to reconcile net loss to net cash provided by operating activities:    
(Gain) loss on sales of properties (8,095) 278
Depreciation and amortization 4,736 4,314
Deferred income taxes 2,102 (181)
Stock-based compensation expense 170 114
Amortization of debt issuance costs 134 102
Gain on sale of assets   (122)
Changes in assets and liabilities:    
Other assets (991) 348
Accounts payable and accrued liabilities (923) (116)
Deferred revenue 720 (1,233)
Other liabilities 913 73
Net cash provided by operating activities 2,554 2,863
Investing activities:    
Proceeds from sales of properties, net of expenses 10,086  
Proceeds from property sales deposited in escrow, net (6,175)  
Additions to real estate assets (5,322) (8,393)
Deferred leasing costs and other (874) (550)
Net cash used in investing activities (2,285) (8,943)
Financing activities:    
Proceeds from mortgage loans 12,000 18,800
Payments on mortgage loans (1,604) (8,699)
Dividends paid to stockholders (1,514) (1,546)
Repurchase of common stock (1,474)  
Payment of debt issuance costs (222) (225)
Mortgage proceeds returned from escrow   600
Net cash provided by financing activities 7,186 8,930
Net increase in cash and cash equivalents 7,455 2,850
Cash and cash equivalents at beginning of period 24,689 18,271
Cash and cash equivalents at end of period $ 32,144 $ 21,121