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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Jul. 31, 2021
Jul. 31, 2020
Revenue:        
Rental income $ 10,956 $ 10,701 $ 32,871 $ 36,158
Reimbursements 1,470 1,382 4,667 4,804
Sundry income 116 66 562 468
Total revenue 12,542 12,149 38,100 41,430
Expenses:        
Operating expenses 4,193 4,293 13,078 12,620
Third party transaction costs (See Note 6) 87 4,606
Management fees 538 496 1,625 1,719
Real estate taxes 2,059 2,007 6,018 6,529
Depreciation 2,315 2,425 6,948 7,887
Total expenses 9,105 9,308 27,669 33,361
Operating income 3,437 2,841 10,431 8,069
Investment income 29 38 88 174
Gain on deconsolidation of subsidiary 27,680
Loss on investment in tenancy-in-common (100) (78) (245) (96)
Interest expense including amortization of deferred financing costs (3,050) (3,121) (9,242) (11,032)
Net income (loss) 316 (320) 1,032 24,795
Net (income) loss attributable to noncontrolling interests in subsidiaries (107) 139 (256) (18)
Net income (loss) attributable to common equity $ 209 $ (181) $ 776 $ 24,777
Earnings per share:        
Basic $ 0.03 $ (0.02) $ 0.11 $ 3.55
Diluted $ 0.03 $ (0.02) $ 0.11 $ 3.54
Weighted average shares outstanding:        
Basic 7,022 6,998 7,016 6,989
Diluted 7,026 6,998 7,018 6,992