XML 37 R2.htm IDEA: XBRL DOCUMENT v3.19.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2019
Oct. 31, 2018
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 332,319 $ 344,532
Construction in progress 356 159
Cash and cash equivalents 26,068 21,747
Tenants' security accounts 2,258 2,212
Receivables arising from straight-lining of rents 4,277 3,964
Accounts receivable, net of allowance for doubtful accounts of $323 and $276 as of July 31, 2019 and October 31, 2018, respectively 1,950 2,298
Secured loans receivable 4,000 4,000
Prepaid expenses and other assets 6,595 6,034
Deferred charges, net 2,564 2,693
Interest rate cap and swap contracts 438 4,434
Total Assets 380,825 392,073
Liabilities:    
Mortgages payable 342,026 350,504
Less unamortized debt issuance costs 2,731 3,498
Mortgages payable, net 339,295 347,006
Due to affiliate 5,634 5,417
Deferred trustee compensation payable 7,610 8,457
Accounts payable and accrued expenses 3,691 1,910
Dividends payable 848 338
Tenants' security deposits 3,357 3,232
Deferred revenue 921 1,369
Interest rate swap contracts 1,374
Total Liabilities 362,730 367,729
Commitments and contingencies
Common equity:    
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued plus 178,043 and 157,395 vested share units granted to Trustees at July 31, 2019 and October 31, 2018, respectively 28,590 28,288
Treasury stock, at cost: 207,278 and 235,536 shares at July 31, 2019 and October 31, 2018, respectively (4,348) (4,941)
Dividends in excess of net income (5,710) (4,376)
Accumulated other comprehensive (loss) income (1,195) 2,517
Total Common Equity 17,337 21,488
Noncontrolling interests in subsidiaries 758 2,856
Total Equity 18,095 24,344
Total Liabilities and Equity $ 380,825 $ 392,073