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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Apr. 30, 2021
Apr. 30, 2020
Revenue:        
Rental income $ 11,065 $ 12,094 $ 21,915 $ 25,457
Reimbursements 1,653 1,506 3,197 3,422
Sundry income 86 88 446 402
Total revenue 12,804 13,688 25,558 29,281
Expenses:        
Operating expenses 4,777 4,312 8,885 8,327
Third party transaction costs (See Note 6) 1,137 4,519
Management fees 561 508 1,087 1,223
Real estate taxes 2,042 2,115 3,959 4,522
Depreciation 2,338 2,530 4,633 5,462
Total expenses 9,718 10,602 18,564 24,053
Operating income 3,086 3,086 6,994 5,228
Investment income 29 64 59 136
Gain on deconsolidation of subsidiary 27,680 27,680
Loss on investment in tenancy-in-common (118) (18) (145) (18)
Interest expense including amortization of deferred financing costs (3,060) (3,676) (6,192) (7,911)
Net income (loss) (63) 27,136 716 25,115
Net (income) loss attributable to noncontrolling interests in subsidiaries 72 84 (149) (157)
Net income attributable to common equity $ 9 $ 27,220 $ 567 $ 24,958
Earnings per share:        
Basic $ 0.00 $ 3.89 $ 0.08 $ 3.57
Diluted $ 0.00 $ 3.88 $ 0.08 $ 3.56
Weighted average shares outstanding:        
Basic 7,016 6,989 7,012 6,984
Diluted 7,018 7,026 7,012 7,003