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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2023
Oct. 31, 2022
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 94,804 $ 95,875
Construction in progress 692 688
Cash and cash equivalents 35,717 49,578
Investment in tenancy-in-common 18,610 18,798
Tenants' security accounts 1,000 1,038
Receivables arising from straight-lining of rents 714 790
Accounts receivable, net of allowance for doubtful accounts of $1,046 and $1,126 as of April 30, 2023 and October 31, 2022, respectively 638 802
Funds held in post-closing escrow 4,651 6,251
Prepaid expenses and other assets 4,740 3,176
Deferred charges, net 282 244
Interest rate swap contracts 852 1,409
Total Assets 162,700 178,649
Liabilities:    
Mortgages payable, including deferred interest of $222 as of April 30, 2023 and October 31, 2022 138,453 139,217
Less unamortized debt issuance costs 1,225 1,145
Mortgages payable, net 137,228 138,072
Deferred director compensation payable 2,317
Accounts payable and accrued expenses 959 1,306
Dividends payable 372 10,573
Tenants' security deposits 1,290 1,285
Deferred revenue 467 357
Total Liabilities 140,316 153,910
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
Common stock with par value of $0.01 per share: 20,000,000 shares authorized at April 30, 2023 and October 31, 2022; 7,445,783 and 7,048,344 shares issued plus 0 and 272,882 vested share units granted to directors at April 30, 2023 and October 31, 2022, respectively 74 73
Additional paid-in-capital 32,043 30,635
Accumulated deficit (6,605) (6,208)
Accumulated other comprehensive income 852 1,409
Total Common Equity 26,364 25,909
Noncontrolling interests in subsidiaries (3,980) (1,170)
Total Equity 22,384 24,739
Total Liabilities and Equity $ 162,700 $ 178,649