CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
Apr. 30, 2019	Apr. 30, 2018
Operating activities:
Net income	$ 1,265	$ 507
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,607	5,512
Amortization	851	766
Unrealized loss (gain) on interest rate cap contract	159	(19)
Stock based compensation expense	69	61
Trustee fees, consultant fee and related interest paid in stock units	502	427
Gain on sale of property	(836)
Deferred rents - straight line rent	(187)	(173)
Bad debt expense	68	170
Changes in operating assets and liabilities:
Tenants' security accounts	112	158
Accounts receivable, prepaid expenses and other assets	1,421	695
Accounts payable, accrued expenses and deferred trustee compensation	(744)	(1,165)
Deferred revenue	(203)	(208)
Net cash provided by operating activities	8,084	6,731
Investing activities:
Capital improvements - existing properties	(1,543)	(3,186)
Proceeds from sale of commercial property, net	7,060
Acquisition of Station Place		(19,542)
Net cash provided by (used in) investing activities	5,517	(22,728)
Financing activities:
Repayment of mortgages and construction loan	(7,378)	(146,561)
Proceeds from mortgage loan refinancings		166,520
Proceeds from acquisition mortgage loan		12,350
Repayment of credit line		(3,121)
Interest rate cap contract cost		(89)
Deferred financing costs	(56)	(2,670)
Dividends paid	(1,351)
Due to affiliate	143	112
Distributions to noncontrolling interests	(686)	(6,365)
Net cash (used in) provided by financing activities	(9,328)	20,176
Net increase in cash, cash equivalents and restricted cash	4,273	4,179
Cash, cash equivalents and restricted cash, beginning of period	26,394	21,838
Cash, cash equivalents and restricted cash, end of period	30,667	26,017
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	8,175	8,770
Investing activities:
Accrued capital expenditures, construction costs, pre-development costs and interest	155	285
Financing activities:
Dividends declared but not paid	848	337
Dividends paid in share units	$ 46	$ 7

Deferred rent adjustment resulting from the difference between the rental payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense over the term of the leased property, by the lessor or lessee, respectively.

No definition available.