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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2018
May 31, 2017
May 31, 2018
May 31, 2017
Consolidated Statements of Operations        
Rental revenue $ 8,193 $ 7,332 $ 16,373 $ 14,311
Revenue from property sales 898 10,755 1,023 10,755
Total revenue 9,091 18,087 17,396 25,066
Operating expenses of rental properties 2,412 2,204 5,089 4,689
Depreciation and amortization expense 2,889 2,386 5,707 4,736
General and administrative expenses 1,836 2,166 3,973 4,396
Costs related to property sales 55 2,660 144 2,660
Total expenses 7,192 9,416 14,913 16,481
Operating income 1,899 8,671 2,483 8,585
Interest expense (1,547) (1,444) (3,079) (2,757)
Investment income 11 53 26 62
Income (loss) before income tax provision 363 7,280 (570) 5,890
Income tax provision (32) (2,553) (822) (2,102)
Net income (loss) $ 331 $ 4,727 $ (1,392) $ 3,788
Basic net loss per common share:        
Basic net income (loss) per common share (in dollars per share) $ 0.07 $ 0.95 $ (0.28) $ 0.75
Diluted net loss per common share:        
Diluted net income (loss) per common share (in dollars per share) $ 0.07 $ 0.94 $ (0.28) $ 0.75