XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2020
Oct. 31, 2019
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 287,536 $ 330,108
Construction in progress 545 395
Cash and cash equivalents 31,034 38,075
Investment in tenancy-in-common 20,662
Tenants' security accounts 1,590 2,278
Receivables arising from straight-lining of rents 4,161 4,374
Accounts receivable, net of allowance for doubtful accounts of $1,151 and $379 as of July 31, 2020 and October 31, 2019, respectively 2,130 1,741
Secured loans receivable 5,169 5,053
Prepaid expenses and other assets 6,052 5,951
Deferred charges, net 2,225 2,643
Total Assets 361,104 390,618
Liabilities:    
Mortgages payable 302,290 352,790
Less unamortized debt issuance costs 1,598 2,886
Mortgages payable, net 300,692 349,904
Due to affiliate 5,876 5,705
Deferred trustee compensation payable 2,633 7,610
Accounts payable and accrued expenses 2,475 3,097
Dividends payable 1,357
Tenants' security deposits 2,229 3,381
Deferred revenue 728 1,390
Interest rate cap and swap contracts 5,770 2,126
Total Liabilities 320,403 374,570
Commitments and contingencies
Common equity:    
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued plus 146,313 and 192,122 vested share units granted to Trustees at July 31, 2020 and October 31, 2019, respectively 27,869 28,847
Treasury stock, at cost: 136,501 and 206,408 shares at July 31, 2020 and October 31, 2019, respectively (2,863) (4,330)
Undistributed earnings (dividends in excess of net income) 18,015 (6,762)
Accumulated other comprehensive loss (4,615) (2,040)
Total Common Equity 38,406 15,715
Noncontrolling interests in subsidiaries 2,295 333
Total Equity 40,701 16,048
Total Liabilities and Equity $ 361,104 $ 390,618