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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2020
May 31, 2019
May 31, 2020
May 31, 2019
Consolidated Statements of Operations        
Rental revenue $ 9,214 $ 8,421 $ 18,128 $ 16,858
Revenue from property sales 101 8,660 851 9,526
Total revenue 9,315 17,081 18,979 26,384
Operating expenses of rental properties 2,470 2,419 5,326 5,084
Depreciation and amortization expense 3,359 2,939 6,594 5,881
General and administrative expenses 2,438 1,809 4,495 3,899
Costs related to property sales 19 1,009 185 1,823
Total expenses 8,286 8,176 16,600 16,687
Gain on insurance recovery   126   126
Operating income 1,029 9,031 2,379 9,823
Interest expense (1,899) (1,618) (3,691) (3,268)
Investment income 2 89 28 181
(Loss) income before income tax benefit (provision) (868) 7,502 (1,284) 6,736
Income tax benefit (provision) (175) 1,683 (271) 1,503
Net (loss) income $ (693) $ 5,819 $ (1,013) $ 5,233
Basic net loss per common share:        
Basic net (loss) income per common share $ (0.14) $ 1.15 $ (0.20) $ 1.03
Diluted net loss per common share:        
Diluted net (loss) income per common share $ (0.14) $ 1.14 $ (0.20) $ 1.03