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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2018
Jan. 31, 2017
Operating activities:    
Net loss $ (920) $ (344)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,711 2,530
Amortization 295 386
Stock based compensation expense 31 31
Trustee fees and related interest paid in stock units 201 198
Deferred rents - straight line rent (98) (138)
Bad debt expense 130 61
Changes in operating assets and liabilities:    
Tenants' security accounts 39 8
Accounts receivable, prepaid expenses and other assets 250 337
Accounts payable, accrued expenses and deferred trustee compensation 150 (1,256)
Deferred revenue (44) (204)
Net cash provided by operating activities 2,745 1,609
Investing activities:    
Capital improvements - existing properties (1,153) (4,225)
Acquisition of Station Place, net of proceeds released from escrow related to 1031 exchange (12,577)
Net cash used in investing activities (13,730) (4,225)
Financing activities:    
Repayment of mortgages and construction loan (30,172) (988)
Proceeds from mortgage loan refinancing 48,000
Proceeds from acquisition mortgage loan 12,350
Refinancing good faith deposit refund 960
Proceeds from construction loan 1,349
Advanced funding for construction loan reserve 506 (1,096)
Deferred financing costs (811) (58)
Dividends paid (2,022)
Due to affiliate 54 1,329
Distributions to noncontrolling interests (6,084) (150)
Net cash (used in) provided by financing activities 24,803 (1,636)
Net increase (decrease) in cash and cash equivalents 13,818 (4,252)
Cash and cash equivalents, beginning of period 7,899 10,906
Cash and cash equivalents, end of period 21,717 6,654
Supplemental disclosure of cash flow data:    
Interest paid, net of amounts capitalized 4,816 3,491
Investing activities:    
Accrued capital expenditures, construction costs, pre-development costs and interest 292 325
Financing activities:    
Dividends declared but not paid 1,011
Dividends paid in share units $ 13