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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Jul. 31, 2023
Jul. 31, 2022
Operating activities:    
Net (loss) income $ (1,086) $ 69,966
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Net loss (gain) on sale of Maryland properties 1,003 (68,771)
Depreciation 2,198 3,257
Amortization 437 920
Stock based compensation expense 11 15
Director fees and related interest paid in stock units 26 91
Stock award granted to Directors 140
Loss on investment in tenancy-in-common 231 99
Deferred rents - straight line rent 91 25
Deferred real estate tax appeal fees 35
Bad debt expense 26 363
Changes in operating assets and liabilities:    
Tenants' security accounts (33) (745)
Accounts receivable, prepaid expenses and other assets 248 2,420
Accounts payable, accrued expenses and deferred director compensation payable (1,694) (925)
Deferred revenue 285 (770)
Due to affiliate - accrued interest (47)
Deferred interest on mortgages (136)
Net cash provided by operating activities 1,883 5,797
Investing activities:    
(Cash outlays) proceeds from sale of Maryland properties, net (844) 245,763
Proceeds from payment of secured loans receivable inclusive of accrued interest 5,316
Capital improvements - existing properties (1,154) (948)
Deferred leasing costs (140) (116)
Distribution from investment in tenancy-in-common 390 357
Net cash (used in) provided by investing activities (1,748) 250,372
Financing activities:    
Repayment of mortgages (1,124) (194,036)
Proceeds from mortgage loan refinancing 32,500
Proceeds from exercise of stock options 1,263
Deferred financing costs (604) (692)
Due to affiliate - loan proceeds 300
Due to affiliate - loan repayment (3,505)
Dividends paid (11,486) (2,058)
Distributions to noncontrolling interests in subsidiaries (3,295) (20,090)
Net cash used in financing activities (15,246) (187,581)
Net (decrease) increase in cash, cash equivalents and restricted cash (15,111) 68,588
Cash, cash equivalents and restricted cash, beginning of period 58,500 39,045
Cash, cash equivalents and restricted cash, end of period 43,389 107,633
Supplemental disclosure of cash flow data:    
Interest paid 5,461 5,485
Investing activities:    
Accrued transactional costs for sale of Maryland properties 159
Accrued capital expenditures, construction costs and pre-development costs 38 26
Financing activities:    
Dividends declared but not paid 2,235
Dividends paid in share units 35
Cash and cash equivalents 38,134 98,307
Tenants' security accounts 978 1,038
Funds held in post-closing escrow 883 6,251
Mortgage escrows (included in prepaid expenses and other assets) 3,394 2,037
Total cash, cash equivalents and restricted cash $ 43,389 $ 107,633