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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2022
Oct. 31, 2021
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 95,875 $ 270,634
Construction in progress 688 665
Cash and cash equivalents 49,578 35,891
Investment in tenancy-in-common 18,798 19,383
Tenants' security accounts 1,038 1,340
Receivables arising from straight-lining of rents 790 3,747
Accounts receivable, net of allowance for doubtful accounts of $1,126 and $966 as of October 31, 2022 and 2021, respectively 802 1,622
Secured loans receivable (related party) 5,292
Funds held in post-closing escrow 6,251
Prepaid expenses and other assets 3,176 5,493
Deferred charges, net 244 2,038
Interest rate swap contracts 1,409
Total Assets 178,649 346,105
Liabilities:    
Mortgages payable, including deferred interest of $222 and $358 as of October 31, 2022 and 2021, respectively 139,217 301,276
Less unamortized debt issuance costs 1,145 1,400
Mortgages payable, net 138,072 299,876
Due to affiliate 3,252
Deferred director compensation payable 2,317 2,475
Accounts payable and accrued expenses 1,306 2,375
Dividends payable 10,573 686
Tenants' security deposits 1,285 2,039
Deferred revenue 357 1,143
Interest rate cap and swap contracts 2,308
Total Liabilities 153,910 314,154
Commitments and contingencies (Note 7)
Common Equity:    
Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively, at October 31, 2022 and 2021
Common stock with par value of $0.01 per share: 20,000,000 shares authorized at October 31, 2022 and 2021; 7,048,344 and 6,860,048 shares issued plus 272,882 and 175,923 vested share units granted to Directors at October 31, 2022 and 2021, respectively 73 71
Additional paid-in-capital 30,635 25,556
(Accumulated deficit) Retained earnings (6,208) 12,963
Accumulated other comprehensive income (loss) 1,409 (2,017)
Total Common Equity 25,909 36,573
Noncontrolling interests in subsidiaries (1,170) (4,622)
Total Equity 24,739 31,951
Total Liabilities and Equity $ 178,649 $ 346,105