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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Revenue:        
Rental income $ 10,701 $ 13,409 $ 36,158 $ 39,895
Reimbursements 1,382 1,701 4,804 4,696
Sundry income 66 145 468 378
Total revenue 12,149 15,255 41,430 44,969
Expenses:        
Property operating expenses 4,293 4,315 12,620 12,167
Special committee advisory, legal and other expenses 87 432 4,606 1,018
Management fees 496 655 1,719 1,940
Real estate taxes 2,007 2,377 6,529 7,178
Depreciation 2,425 2,806 7,887 8,413
Total expenses 9,308 10,585 33,361 30,716
Operating income 2,841 4,670 8,069 14,253
Investment income 38 92 174 276
Unrealized loss on interest rate cap contract (1) (160)
Gain on sale of property 836
Gain on deconsolidation of subsidiary 27,680
Loss on investment in tenancy-in-common (78) (96)
Interest expense including amortization of deferred financing costs (3,121) (4,496) (11,032) (13,675)
Net income (loss) (320) 265 24,795 1,530
Net (income) loss attributable to noncontrolling interests in subsidiaries 139 (66) (18) (86)
Net income (loss) attributable to common equity $ (181) $ 199 $ 24,777 $ 1,444
Earnings (Loss) per share:        
Basic $ (0.02) $ 0.03 $ 3.55 $ 0.21
Diluted $ (0.02) $ 0.03 $ 3.54 $ 0.21
Weighted average shares outstanding:        
Basic 6,998 6,950 6,989 6,932
Diluted 6,998 6,951 6,992 6,932