XML 42 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Revenue:    
Rental income $ 13,363 $ 13,161
Reimbursements 1,916 1,658
Sundry income 314 109
Total revenue 15,593 14,928
Expenses:    
Property operating expenses 4,015 3,867
Special comittee expenses 3,382
Management fees 715 637
Real estate taxes 2,407 2,430
Depreciation 2,932 2,824
Total expenses 13,451 9,758
Operating income 2,142 5,170
Investment income 72 71
Unrealized loss on interest rate cap contract (154)
Interest expense including amortization of deferred financing costs (4,235) (4,652)
Net (loss) income (2,021) 435
Net (income) loss attributable to noncontrolling interests in subsidiaries (241) 24
Net (loss) income attributable to common equity $ (2,262) $ 459
(Loss) Earnings per share - basic and diluted $ (0.32) $ 0.07
Weighted average shares outstanding:    
Basic and diluted 6,979 6,915