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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jan. 31, 2023
Oct. 31, 2022
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 95,340 $ 95,875
Construction in progress 692 688
Cash and cash equivalents 37,187 49,578
Investment in tenancy-in-common 18,731 18,798
Tenants' security accounts 1,024 1,038
Receivables arising from straight-lining of rents 762 790
Accounts receivable, net of allowance for doubtful accounts of $1,040 and $1,126 as of January 31, 2023 and October 31, 2022, respectively 621 802
Funds held in post-closing escrow 5,962 6,251
Prepaid expenses and other assets 3,018 3,176
Deferred charges, net 233 244
Interest rate swap contracts 959 1,409
Total Assets 164,529 178,649
Liabilities:    
Mortgages payable, including deferred interest of $222 as of January 31, 2023 and October 31, 2022 138,824 139,217
Less unamortized debt issuance costs 1,030 1,145
Mortgages payable, net 137,794 138,072
Deferred director compensation payable 2,317
Accounts payable and accrued expenses 1,426 1,306
Dividends payable 372 10,573
Tenants' security deposits 1,285 1,285
Deferred revenue 451 357
Total Liabilities 141,328 153,910
Commitments and contingencies
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 January 31, 2023 and October 31, 2022; 7,435,753 and 7,048,344 shares issued plus 0 and 272,882 vested share units granted to directors at January 31, 2023 and October 31, 2022, respectively 74 73
Additional paid-in-capital 31,891 30,635
Accumulated deficit (6,330) (6,208)
Accumulated other comprehensive income 959 1,409
Total Common Equity 26,594 25,909
Noncontrolling interests in subsidiaries (3,393) (1,170)
Total Equity 23,201 24,739
Total Liabilities and Equity $ 164,529 $ 178,649