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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2021
Oct. 31, 2020
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 270,634 $ 278,150
Construction in progress 665 566
Cash and cash equivalents 35,891 36,860
Investment in tenancy-in-common 19,383 20,101
Tenants' security accounts 1,340 1,408
Receivables arising from straight-lining of rents 3,747 3,977
Accounts receivable, net of allowance for doubtful accounts of $966 and $804 as of October 31, 2021 and 2020, respectively 1,622 1,811
Secured loans receivable (related party) 5,292 5,194
Prepaid expenses and other assets 5,493 4,985
Deferred charges, net 2,038 2,163
Total Assets 346,105 355,215
Liabilities:    
Mortgages payable, including deferred interest of $358 and $360 as of October 31, 2021 and 2020, respectively 301,276 307,240
Less unamortized debt issuance costs 1,400 1,810
Mortgages payable, net 299,876 305,430
Due to affiliate 3,252 5,921
Deferred director compensation payable 2,475 2,633
Accounts payable and accrued expenses 2,375 2,277
Dividends payable 686
Tenants' security deposits 2,039 2,124
Deferred revenue 1,143 1,043
Interest rate cap and swap contracts 2,308 4,924
Total Liabilities 314,154 324,352
Commitments and contingencies (Note 7)
Common equity:    
Shares of beneficial interest without par value: 0 shares authorized and issued at October 31, 2021; 8,000,000 shares authorized and 6,993,152 shares issued plus 152,144 vested share units granted to Directors at October 31, 2020 27,960
Treasury stock, at cost: 0 and 136,501 shares at October 31, 2021 and 2020, respectively (2,863)
Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively, at October 31, 2021; 0 shares authorized and issued, respectively, at October 31, 2020
Common stock with par value of $0.01 per share: 20,000,000 and 0 shares authorized at October 31, 2021 and 2020, respectively; 6,860,048 and 0 shares issued plus 175,923 and 0 vested share units granted to Directors at October 31, 2021 and 2020, respectively 71
Additional Paid-In-Capital 25,556
Retained earnings 12,963 13,791
Accumulated other comprehensive loss (2,017) (3,986)
Total Common Equity 36,573 34,902
Noncontrolling interests in subsidiaries (4,622) (4,039)
Total Equity 31,951 30,863
Total Liabilities and Equity $ 346,105 $ 355,215