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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2020
Aug. 31, 2019
Aug. 31, 2020
Aug. 31, 2019
Consolidated Statements of Operations        
Rental revenue $ 9,575 $ 8,600 $ 27,703 $ 25,458
Revenue from property sales 288 302 1,139 9,828
Total revenue 9,863 8,902 28,842 35,286
Operating expenses of rental properties 2,595 2,483 7,921 7,567
Depreciation and amortization expense 3,594 2,925 10,188 8,806
General and administrative expenses 2,290 1,668 6,785 5,567
Costs related to property sales 129 176 314 1,999
Total expenses 8,608 7,252 25,208 23,939
Gain on insurance recovery       126
Operating income 1,255 1,650 3,634 11,473
Interest expense (1,776) (1,508) (5,467) (4,776)
Change in fair value of financial instruments (414)   (414)  
Investment income 3 61 31 242
(Loss) income before income tax benefit (provision) (932) 203 (2,216) 6,939
Income tax benefit (provision) (291) (814) (562) 689
Net (loss) income $ (641) $ 1,017 $ (1,654) $ 6,250
Basic net (loss) income per common share        
Basic net (loss) income per common share $ (0.12) $ 0.20 $ (0.32) $ 1.23
Diluted net (loss) income per common share        
Diluted net (loss) income per common share $ (0.12) $ 0.20 $ (0.32) $ 1.23