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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Operating activities:    
Net income $ 24,795 $ 1,530
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation 7,887 8,413
Amortization 1,400 1,264
Unrealized loss on interest rate cap contract 160
Stock based compensation expense 35 104
Trustee fees, consultant fee and related interest paid in stock units 454 723
Gain on sale of property (836)
Gain on deconsolidation of subsidiary (27,680)
Loss on investment in tenancy-in-common 96
Deferred rents - straight line rent 213 (313)
Bad debt expense 921 146
Changes in operating assets and liabilities:    
Tenants' security accounts (105) 125
Accounts receivable, prepaid expenses and other assets (2,976) (476)
Accounts payable, accrued expenses and deferred trustee compensation payable (5,198) 601
Deferred revenue (615) (448)
Due to affiliate - accrued interest 171 217
Deferred interest on mortgages 416  
Net cash (used in) provided by operating activities (186) 11,210
Investing activities:    
Capital improvements - existing properties (1,738) (2,276)
Deconsolidation of subsidiary cash and cash equivalents (1,383)  
Proceeds from sale of commercial property 7,060
Net cash (used in) provided by investing activities (3,121) 4,784
Financing activities:    
Repayment of mortgages (2,916) (8,478)
Deferred financing costs (109)
Dividends paid (1,357) (2,200)
Distributions to noncontrolling interests (583) (686)
Net cash used in financing activities (4,856) (11,473)
Net (decrease) increase in cash, cash equivalents and restricted cash (8,163) 4,521
Cash, cash equivalents and restricted cash, beginning of period 42,488 26,394
Cash, cash equivalents and restricted cash, end of period 34,325 30,915
Supplemental disclosure of cash flow data:    
Interest paid, net of amounts capitalized 9,570 12,350
Operating activities:    
Commercial tenant security deposits applied to accounts receivable 462
Investing activities:    
Accrued capital expenditures, construction costs, pre-development costs and interest 121 213
Financing activities:    
Dividends declared but not paid 848
Dividends paid in share units 68
Vested share units issued to consultant and retired trustee 1,467 593
Deconsolidation of subsidiary:    
Real estate, at cost, net of accumulated depreciation (36,225)
Accounts receivable, net of allowance for doubtful accounts (55)
Prepaid expenses and other assets (315)
Mortgage payable 48,000
Unamortized debt issuance costs (489)
Accounts payable and accrued expenses 353
Tenants' security deposits 585
Deferred revenue 47
Deconsolidation of subsidiary cash and cash equivalents (1,383)
Net carrying value of assets and liabilities deconsolidated 10,518
Recognition of retained investment in tenancy-in-common at fair value 20,758
Derecognition of noncontrolling interest in subsidiary $ (3,596)