XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2022
Oct. 31, 2021
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 95,986 $ 270,634
Construction in progress 687 665
Cash and cash equivalents 98,307 35,891
Investment in tenancy-in-common 18,927 19,383
Tenants' security accounts 1,038 1,340
Receivables arising from straight-lining of rents 747 3,747
Accounts receivable, net of allowance for doubtful accounts of $1,148 and $966 as of July 31, 2022 and October 31, 2021, respectively 571 1,622
Secured loans receivable (related party) 5,292
Funds held in post closing escrow 6,251
Prepaid expenses and other assets 3,960 5,493
Deferred charges, net 213 2,038
Interest rate swap contract 116
Total Assets 226,803 346,105
Liabilities:    
Mortgages payable, including deferred interest of $222 and $358 as of July 31, 2022 and October 31, 2021, respectively 139,604 301,276
Less unamortized debt issuance costs 1,304 1,400
Mortgages payable, net 138,300 299,876
Due to affiliate 3,252
Deferred director compensation payable 2,317 2,475
Accounts payable and accrued expenses 1,534 2,375
Dividends payable 686
Tenants' security deposits 1,294 2,039
Deferred revenue 373 1,143
Interest rate cap and swap contracts 16 2,308
Total Liabilities 143,834 314,154
Common Equity:    
Preferred stock with par value of $0.01 per share 5,000,000 and 0 shares authorized and issued, respectively, at July 31, 2022 and October 31, 2021
Common stock with par value of $0.01 per share 20,000,000 shares authorized at July 31, 2022 and October 31, 2021 6,863,744 and 6,860,048 shares issued plus 177,390 and 175,923 vested share units granted to Directors at July 31, 2022 and October 31, 2021, respectively 71 71
Additional paid-in-capital 25,697 25,556
Retained earnings 58,102 12,963
Accumulated other comprehensive income (loss) 99 (2,017)
Total Common Equity 83,969 36,573
Noncontrolling interests in subsidiaries (1,000) (4,622)
Total Equity 82,969 31,951
Total Liabilities and Equity $ 226,803 $ 346,105