CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
Jul. 31, 2019	Jul. 31, 2018
Operating activities:
Net income	$ 1,530	$ 618
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	8,413	8,573
Amortization	1,264	1,253
Unrealized loss (gain) on interest rate cap contract	160	(40)
Stock based compensation expense	104	95
Trustee fees, consultant fee and related interest paid in stock units	723	629
Gain on sale of property	(836)
Deferred rents - straight line rent	(313)	(355)
Bad debt expense	146	233
Changes in operating assets and liabilities:
Tenants' security accounts	125	210
Accounts receivable, prepaid expenses and other assets	(476)	(2,246)
Accounts payable, accrued expenses and deferred trustee compensation	601	(767)
Deferred revenue	(448)	(386)
Net cash provided by operating activities	10,993	7,817
Investing activities:
Capital improvements - existing properties	(2,276)	(4,294)
Proceeds from sale of commercial property, net	7,060
Acquisition of Station Place		(19,550)
Net cash provided by (used in) investing activities	4,784	(23,844)
Financing activities:
Repayment of mortgages and construction loan	(8,478)	(147,615)
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	(109)	(2,670)
Dividends paid	(2,200)	(338)
Due to affiliate	217	177
Distributions to noncontrolling interests	(686)	(6,454)
Net cash (used in) provided by financing activities	(11,256)	18,760
Net increase in cash, cash equivalents and restricted cash	4,521	2,733
Cash, cash equivalents and restricted cash, beginning of period	26,394	21,838
Cash, cash equivalents and restricted cash, end of period	30,915	24,571
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	12,350	12,936
Investing activities:
Accrued capital expenditures, construction costs, pre-development costs and interest	213	196
Financing activities:
Dividends declared but not paid	848	338
Dividends paid in share units	$ 68	$ 14

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.