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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2023
Oct. 31, 2022
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 94,237 $ 95,875
Construction in progress 717 688
Cash and cash equivalents 38,134 49,578
Investment in tenancy-in-common 18,177 18,798
Tenants' security accounts 978 1,038
Receivables arising from straight-lining of rents 699 790
Accounts receivable, net of allowance for doubtful accounts of $1,048 and $1,126 as of July 31, 2023 and October 31, 2022, respectively 610 802
Funds held in post-closing escrow 883 6,251
Prepaid expenses and other assets 4,855 3,176
Deferred charges, net 317 244
Interest rate swap contracts 1,241 1,409
Total Assets 160,848 178,649
Liabilities:    
Mortgages payable, including deferred interest of $222 as of July 31, 2023 and October 31, 2022 138,093 139,217
Less unamortized debt issuance costs 1,379 1,145
Mortgages payable, net 136,714 138,072
Deferred director compensation payable 2,317
Accounts payable and accrued expenses 1,523 1,306
Dividends payable 2,235 10,573
Tenants' security deposits 1,252 1,285
Deferred revenue 642 357
Total Liabilities 142,366 153,910
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; 7,449,583 and 7,048,344 shares issued plus 0 and 272,882 vested share units granted to directors at July 31, 2023 and October 31, 2022, respectively 74 73
Additional paid-in-capital 32,074 30,635
Accumulated deficit (9,252) (6,208)
Accumulated other comprehensive income 1,241 1,409
Total Common Equity 24,137 25,909
Noncontrolling interests in subsidiaries (5,655) (1,170)
Total Equity 18,482 24,739
Total Liabilities and Equity $ 160,848 $ 178,649