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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
Oct. 31, 2018
Revenue:      
Rental income $ 46,184 $ 53,326 $ 51,267
Reimbursements 5,840 6,429 6,093
Sundry income 703 522 637
Total revenue 52,727 60,277 57,997
Expenses:      
Operating expenses 15,805 16,501 16,245
Special Committee third party advisory, legal and other expenses 4,606 1,416
Management fees 2,251 2,603 2,547
Real estate taxes 8,687 9,591 8,396
Depreciation 10,341 11,339 11,515
Tenant improvement write-off due to COVID-19 7,277
Total expenses 48,967 41,450 38,703
Operating income 3,760 18,827 19,294
Investment income 204 360 267
Unrealized (loss) gain on interest rate cap contract (160) 72
Gain on sale of property 836
Gain on deconsolidation of subsidiary 27,680
Loss on investment in tenancy-in-common (202)
Interest expense including amortization of deferred financing costs (14,122) (18,070) (18,667)
Net income 17,320 1,793 966
Net loss (income) attributable to noncontrolling interests in subsidiaries 3,233 (6) 517
Net income attributable to common equity $ 20,553 $ 1,787 $ 1,483
Earnings per share - basic and diluted $ 2.94 $ 0.26 $ 0.21
Weighted average shares outstanding:      
Basic 6,992 6,940 6,883
Diluted 6,994 6,940 6,883