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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2021
Jul. 31, 2020
Operating activities:    
Net income $ 1,032 $ 24,795
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation 6,948 7,887
Amortization 1,201 1,400
Stock based compensation expense 35 35
Director fees, consultant fee and related interest paid in stock units 332 454
Gain on deconsolidation of subsidiary (27,680)
Loss on investment in tenancy-in-common 245 96
Deferred rents - straight line rent 225 213
Bad debt expense 264 921
Changes in operating assets and liabilities:    
Tenants' security accounts (84) (105)
Accounts receivable, prepaid expenses and other assets (402) (2,793)
Accounts payable, accrued expenses and deferred director compensation payable 441 (5,198)
Deferred revenue (148) (615)
Due to affiliate - accrued interest 108 171
Deferred interest on mortgages (2) 416
Net cash provided by (used in) operating activities 10,195 (3)
Investing activities:    
Capital improvements - existing properties (1,299) (1,738)
Deferred leasing costs (104) (183)
Distribution from investment in tenancy-in-common 423
Deconsolidation of subsidiary cash and cash equivalents (1,383)
Net cash used in investing activities (980) (3,304)
Financing activities:    
Repayment of mortgages (4,464) (2,916)
Deferred financing costs (640)
Due to affiliate - loan repayment (2,800)
Dividends paid (684) (1,357)
Distributions to noncontrolling interests in subsidiaries (960) (583)
Net cash used in financing activities (9,548) (4,856)
Net decrease in cash, cash equivalents and restricted cash (333) (8,163)
Cash, cash equivalents and restricted cash, beginning of period 39,517 42,488
Cash, cash equivalents and restricted cash, end of period 39,184 34,325
Supplemental disclosure of cash flow data:    
Interest paid 8,245 9,570
Operating activities:    
Commercial tenant security deposits applied to accounts receivable 10 462
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 116 121
Financing activities:    
Retirement of treasury stock 2,791
Dividends declared but not paid 343
Dividends paid in share units 24
Vested share units issued to consultant and retired director 72 1,467
Deconsolidation of subsidiary:    
Real estate, at cost, net of accumulated depreciation (36,225)
Accounts receivable, net of allowance for doubtful accounts (55)
Prepaid expenses and other assets (315)
Mortgage payable 48,000
Unamortized debt issuance costs (489)
Accounts payable and accrued expenses 353
Tenants' security deposits 585
Deferred revenue 47
Deconsolidation of subsidiary cash and cash equivalents (1,383)
Net carrying value of assets and liabilities deconsolidated 10,518
Recognition of retained investment in tenancy-in-common at fair value 20,758
Derecognition of noncontrolling interest in subsidiary $ (3,596)