XML 18 R8.htm IDEA: XBRL DOCUMENT v3.22.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Operating activities:    
Net income $ 69,153 $ 779
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on sale of Maryland properties (70,003)
Depreciation 1,820 2,295
Amortization 434 404
Stock based compensation expense 5 12
Director fees and related interest paid in stock units 44 110
Loss on investment in tenancy-in-common 124 27
Deferred rents - straight line rent 10 206
Deferred real estate tax appeal fees 35
Bad debt expense 408 171
Changes in operating assets and liabilities:    
Tenants' security accounts (734) (46)
Accounts receivable, prepaid expenses and other assets 2,139 548
Accounts payable, accrued expenses and deferred director compensation payable 91 728
Deferred revenue (584) (115)
Due to affiliate - accrued interest (47) 44
Deferred interest on mortgages (2)
Net cash provided by operating activities 2,895 5,161
Investing activities:    
Proceeds from sale of Maryland properties, net 247,412
Proceeds from payment of secured loans receivable inclusive of accrued interest 5,094
Capital improvements - existing properties (485) (409)
Deferred leasing costs (60) (65)
Distribution from investment in tenancy-in-common 357
Net cash provided by (used in) investing activities 252,318 (474)
Financing activities:    
Repayment of mortgages (171,002) (969)
Proceeds from mortgage loan refinancing 7,500
Deferred financing costs (246) (73)
Due to affiliate - loan repayment (3,205)
Dividends paid (686)
Distributions to noncontrolling interests in subsidiaries (19,700)
Net cash used in financing activities (187,339) (1,042)
Net increase in cash, cash equivalents and restricted cash 67,874 3,645
Cash, cash equivalents and restricted cash, beginning of period 39,045 39,517
Cash, cash equivalents and restricted cash, end of period 106,919 43,162
Supplemental disclosure of cash flow data:    
Interest paid 2,525 2,472
Operating activities:    
Commercial tenant security deposits applied to accounts receivable 18
Investing activities:    
Accrued transactional costs for sales of Maryland properties 407
Accrued capital expenditures, construction costs and pre-development costs 58 75
Financing activities:    
Dividends declared but not paid 686 342
Dividends paid in share units $ 17 $ 8