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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Oct. 31, 2023
Oct. 31, 2022
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 93,617 $ 95,875
Construction in progress 898 688
Cash and cash equivalents 13,217 49,578
Investment in U.S. Treasury securities available-for-sale 23,593
Investment in tenancy-in-common 18,137 18,798
Tenants' security accounts 962 1,038
Receivables arising from straight-lining of rents 690 790
Accounts receivable, net of allowance for doubtful accounts of $1,090 and $1,126 as of October 31, 2023 and 2022, respectively 559 802
Funds held in post-closing escrow 883 6,251
Prepaid expenses and other assets 4,912 3,176
Deferred charges, net 311 244
Interest rate swap contracts 1,336 1,409
Total Assets 159,115 178,649
Liabilities:    
Mortgages payable, including deferred interest of $222 as of October 31, 2023 and 2022 138,179 139,217
Less unamortized debt issuance costs 1,117 1,145
Mortgages payable, net 137,062 138,072
Deferred director compensation payable 2,317
Accounts payable and accrued expenses 1,275 1,306
Dividends payable 372 10,573
Tenants' security deposits 1,262 1,285
Deferred revenue 668 357
Total Liabilities 140,639 153,910
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 October 31, 2023 and 2022, respectively 74 73
Additional paid-in-capital 32,074 30,635
Accumulated deficit (8,968) (6,208)
Accumulated other comprehensive income 1,336 1,409
Total Common Equity 24,516 25,909
Noncontrolling interests in subsidiaries (6,040) (1,170)
Total Equity 18,476 24,739
Total Liabilities and Equity $ 159,115 $ 178,649