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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Revenue:        
Rental income $ 6,317 $ 10,956 $ 22,095 $ 32,871
Reimbursements 558 1,470 1,813 4,667
Sundry income 84 116 315 562
Total revenue 6,959 12,542 24,223 38,100
Expenses:        
Operating expenses 2,489 4,193 9,185 13,078
Management fees 318 538 1,129 1,625
Real estate taxes 1,432 2,059 4,727 6,018
Depreciation 723 2,315 3,257 6,948
Total expenses 4,962 9,105 18,298 27,669
Operating income 1,997 3,437 5,925 10,431
Investment income 119 29 183 88
(Loss) Gain on investment in tenancy-in-common 57 (100) (99) (245)
Net gain on sale of Maryland properties 68,771
Net realized gain on Wayne PSC interest rate swap termination 1,415 1,415
Interest expense including amortization of deferred financing costs (1,774) (3,050) (6,229) (9,242)
Net income 1,814 316 69,966 1,032
Net income attributable to noncontrolling interests in subsidiaries (693) (107) (23,420) (256)
Net income attributable to common equity $ 1,121 $ 209 $ 46,546 $ 776
Earnings per share:        
Basic $ 0.16 $ 0.03 $ 6.61 $ 0.11
Diluted $ 0.16 $ 0.03 $ 6.56 $ 0.11
Weighted average shares outstanding:        
Basic 7,040 7,022 7,038 7,016
Diluted 7,114 7,026 7,110 7,018