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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2021
Oct. 31, 2020
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 272,362 $ 278,150
Construction in progress 642 566
Cash and cash equivalents 36,359 36,860
Investment in tenancy-in-common 19,433 20,101
Tenants' security accounts 1,343 1,408
Receivables arising from straight-lining of rents 3,752 3,977
Accounts receivable, net of allowance for doubtful accounts of $891 and $804 as of July 31, 2021 and October 31, 2020, respectively 1,366 1,811
Secured loans receivable 5,268 5,194
Prepaid expenses and other assets 5,525 4,985
Deferred charges, net 2,096 2,163
Total Assets 348,146 355,215
Liabilities:    
Mortgages payable, including deferred interest of $358 and $360 as of July 31, 2021 and October 31, 2020, respectively 302,774 307,240
Less unamortized debt issuance costs 1,612 1,810
Mortgages payable, net 301,162 305,430
Due to affiliate 3,229 5,921
Deferred director compensation payable 2,475 2,633
Accounts payable and accrued expenses 2,813 2,277
Dividends payable 343
Tenants' security deposits 2,030 2,124
Deferred revenue 895 1,043
Interest rate cap and swap contracts 3,483 4,924
Total Liabilities 316,430 324,352
Commitments and contingencies
Common equity:    
Shares of beneficial interest without par value: 0 shares authorized and issued at July 31, 2021; 8,000,000 shares authorized and 6,993,152 shares issued plus 152,144 vested share units granted to Directors at October 31, 2020 27,960
Treasury stock, at cost: 0 and 136,501 shares at July 31, 2021 and October 31, 2020, respectively (2,863)
Shares of common stock with par value of $0.01 per share: 20,000,000 and 0 shares authorized at July 31, 2021 and October 31, 2020, respectively; 6,860,048 and 0 shares issued plus 169,075 and 0 vested share units granted to Directors at July 31, 2021 and October 31, 2020, respectively 71
Shares of preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively, at July 31, 2021; 0 shares authorized and issued, respectively, at October 31, 2020
Additional Paid-In-Capital 25,417
Retained earnings 13,516 13,791
Accumulated other comprehensive loss (2,885) (3,986)
Total Common Equity 36,119 34,902
Noncontrolling interests in subsidiaries (4,403) (4,039)
Total Equity 31,716 30,863
Total Liabilities and Equity $ 348,146 $ 355,215