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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
Oct. 31, 2019
Revenue:      
Rental income $ 44,160 $ 46,184 $ 53,326
Reimbursements 5,468 5,840 6,429
Sundry income 663 703 522
Total revenue 50,291 52,727 60,277
Expenses:      
Operating expenses 17,249 15,805 16,501
Third party transaction costs (See Note 14) 4,606 1,416
Management fees 2,178 2,251 2,603
Real estate taxes 8,062 8,687 9,591
Depreciation 9,300 10,341 11,339
Tenant improvement write-off due to COVID-19 7,277
Total expenses 36,789 48,967 41,450
Operating income 13,502 3,760 18,827
Investment income 116 204 360
Unrealized loss on interest rate cap contract (160)
Gain on sale of property 836
Gain on deconsolidation of subsidiary 27,680
Loss on investment in tenancy-in-common (295) (202)
Interest expense including amortization of deferred financing costs (12,276) (14,122) (18,070)
Net income 1,047 17,320 1,793
Net (income) loss attributable to noncontrolling interests in subsidiaries (120) 3,233 (6)
Net income attributable to common equity $ 927 $ 20,553 $ 1,787
Earnings per share - basic and diluted $ 0.13 $ 2.94 $ 0.26
Weighted average shares outstanding:      
Basic 7,019 6,992 6,940
Diluted 7,022 6,994 6,940