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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2021
Apr. 30, 2020
Operating activities:    
Net income $ 716 $ 25,115
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,633 5,462
Amortization 800 786
Stock based compensation expense 24 24
Trustee fees, consultant fee and related interest paid in stock units 215 377
Gain on deconsolidation of subsidiary (27,680)
Loss on investment in tenancy-in-common 145 18
Deferred rents - straight line rent 213 (121)
Bad debt expense 295 700
Changes in operating assets and liabilities:    
Tenants' security accounts (41) (117)
Accounts receivable, prepaid expenses and other assets 1,565 324
Accounts payable, accrued expenses and deferred trustee compensation payable 223 (4,234)
Deferred revenue (135) (515)
Due to affiliate - accrued interest 84 126
Deferred interest on mortgages (2) 154
Net cash provided by operating activities 8,735 419
Investing activities:    
Capital improvements - existing properties (617) (826)
Deferred leasing costs (108) (151)
Distribution from investment in tenancy-in-common 423
Deconsolidation of subsidiary cash and cash equivalents (1,383)
Net cash used in investing activities (302) (2,360)
Financing activities:    
Repayment of mortgages (2,972) (2,032)
Deferred financing costs (640)
Due to affiliate - loan repayment (800)
Dividends paid (342) (1,357)
Distributions to noncontrolling interests in subsidiaries (510) (583)
Net cash used in financing activities (5,264) (3,972)
Net increase (decrease) in cash, cash equivalents and restricted cash 3,169 (5,913)
Cash, cash equivalents and restricted cash, beginning of period 39,517 42,488
Cash, cash equivalents and restricted cash, end of period 42,686 36,575
Supplemental disclosure of cash flow data:    
Interest paid 5,508 7,020
Operating activities:    
Commercial tenant security deposits applied to accounts receivable 15 384
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 345 161
Financing activities:    
Dividends declared but not paid 342
Dividends paid in share units 16
Vested share units issued to consultant and retired trustee 72 1,467
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)