XML 13 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2018
Oct. 31, 2017
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 348,548 $ 331,965
Construction in progress 135 129
Cash and cash equivalents 18,902 7,899
Tenants' security accounts 2,161 2,007
Receivables arising from straight-lining of rents 3,532 3,359
Accounts receivable, net of allowance for doubtful accounts of $288 and $175 as of April 30, 2018 and October 31, 2017, respectively 2,365 1,767
Secured loans receivable 5,451 5,451
Prepaid expenses and other assets 7,486 9,135
Qualified intermediary deposit - 1031 exchange 6,965
Deferred charges, net 2,740 2,680
Interest rate cap and swap contracts 3,807 1,600
Total Assets 395,127 372,957
Liabilities:    
Mortgages payable 352,623 323,435
Less unamortized debt issuance costs 4,067 1,863
Mortgages payable, net 348,556 321,572
Due to affiliate 5,284 5,172
Deferred trustee compensation payable 8,457 9,078
Accounts payable and accrued expenses 2,886 3,870
Dividends payable 337
Tenants' security deposits 3,118 2,960
Deferred revenue 1,068 1,276
Interest rate swap contract 439
Total Liabilities 369,706 344,367
Common equity:    
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued plus 134,404 and 122,092 vested share units granted to trustees at April 30, 2018 and October 31, 2017, respectively 27,850 27,651
Treasury stock, at cost: 237,277 and 253,083 shares at April 30, 2018 and October 31, 2017, respectively (4,977) (5,273)
Dividends in excess of net income (4,410) (4,824)
Accumulated other comprehensive income 2,047 284
Total Common Equity 20,510 17,838
Noncontrolling interests in subsidiaries 4,911 10,752
Total Equity 25,421 28,590
Total Liabilities and Equity $ 395,127 $ 372,957