XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2022
Oct. 31, 2021
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 96,513 $ 270,634
Construction in progress 678 665
Cash and cash equivalents 95,748 35,891
Investment in tenancy-in-common 18,870 19,383
Tenants' security accounts 1,030 1,340
Receivables arising from straight-lining of rents 711 3,747
Accounts receivable, net of allowance for doubtful accounts of $1,260 and $966 as of April 30, 2022 and October 31, 2021, respectively 736 1,622
Secured loans receivable (related party) 222 5,292
Funds held in post-closing escrow 6,251
Prepaid expenses and other assets 2,710 5,493
Deferred charges, net 204 2,038
Interest rate swap contracts 1,493
Total Assets 225,166 346,105
Liabilities:    
Mortgages payable, including deferred interest of $358 as of April 30, 2022 and October 31, 2021 137,190 301,276
Less unamortized debt issuance costs 1,132 1,400
Mortgages payable, net 136,058 299,876
Due to affiliate 3,252
Deferred director compensation payable 2,317 2,475
Accounts payable and accrued expenses 1,613 2,375
Dividends payable 686 686
Tenants' security deposits 1,303 2,039
Deferred revenue 462 1,143
Interest rate cap and swap contracts 2,308
Total Liabilities 142,439 314,154
Commitments and contingencies
Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued at April 30, 2022 and October 31, 2021, respectively
Common stock with par value of $0.01 per share: 20,000,000 shares authorized at April 30, 2022 and October 31, 2021; 6,863,744 and 6,860,048 shares issued plus 176,307 and 175,923 vested share units granted to Directors at April 30, 2022 and October 31, 2021, respectively 71 71
Additional paid-in-capital 25,666 25,556
Retained earnings 56,981 12,963
Accumulated other comprehensive income (loss) 769 (2,017)
Total Common Equity 83,487 36,573
Noncontrolling interests in subsidiaries (760) (4,622)
Total Equity 82,727 31,951
Total Liabilities and Equity $ 225,166 $ 346,105