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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2022
Oct. 31, 2021
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 96,999 $ 270,634
Construction in progress 668 665
Cash and cash equivalents 95,438 35,891
Investment in tenancy-in-common 18,902 19,383
Tenants' security accounts 1,062 1,340
Receivables arising from straight-lining of rents 762 3,747
Accounts receivable, net of allowance for doubtful accounts of $1,327 and $966 as of January 31, 2022 and October 31, 2021, respectively 754 1,622
Secured loans receivable (related party) 221 5,292
Funds held in post-closing escrow 9,337
Prepaid expenses and other assets 3,059 5,493
Deferred charges, net 193 2,038
Interest rate swap contract 71
Total Assets 227,466 346,105
Liabilities:    
Mortgages payable, including deferred interest of $358 as of January 31, 2022 and October 31, 2021 137,774 301,276
Less unamortized debt issuance costs 1,283 1,400
Mortgages payable, net 136,491 299,876
Due to affiliate 3,252
Deferred director compensation payable 2,475 2,475
Accounts payable and accrued expenses 2,804 2,375
Dividends payable 686 686
Tenants' security deposits 1,305 2,039
Deferred revenue 559 1,143
Interest rate cap and swap contracts 1,117 2,308
Total Liabilities 145,437 314,154
Commitments and contingencies
Common Equity:    
Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively, at January 31, 2022 and October 31, 2021
Common stock with par value of $0.01 per share: 20,000,000 shares authorized at January 31, 2022 and October 31, 2021; 6,860,048 shares issued plus 178,419 and 175,923 vested share units granted to Directors at January 31, 2022 and October 31, 2021, respectively 71 71
Additional paid-in-capital 25,622 25,556
Retained earnings 58,037 12,963
Accumulated other comprehensive loss (1,089) (2,017)
Total Common Equity 82,641 36,573
Noncontrolling interests in subsidiaries (612) (4,622)
Total Equity 82,029 31,951
Total Liabilities and Equity $ 227,466 $ 346,105