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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2024
Oct. 31, 2023
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 92,380,000 $ 93,617,000
Construction in progress 928,000 898,000
Cash and cash equivalents 12,220,000 13,217,000
Investment in U.S. Treasury securities available-for-sale 16,811,000 23,593,000
Investment in tenancy-in-common 17,635,000 18,137,000
Tenants' security accounts 937,000 962,000
Receivables arising from straight-lining of rents 632,000 690,000
Accounts receivable, net of allowance for doubtful accounts of $260 and $1,090 as of April 30, 2024 and October 31, 2023, respectively 351,000 559,000
Funds held in post-closing escrow 189,000 883,000
Prepaid expenses and other assets 5,093,000 4,912,000
Deferred charges, net 296,000 311,000
Interest rate swap contracts 1,063,000 1,336,000
Total Assets 148,535,000 159,115,000
Liabilities:    
Mortgages payable, including deferred interest of $222 129,756,000 138,179,000
Less unamortized debt issuance costs 1,007,000 1,117,000
Mortgages payable, net 128,749,000 137,062,000
Accounts payable and accrued expenses 936,000 1,275,000
Dividends payable 373,000 372,000
Tenants' security deposits 1,233,000 1,262,000
Deferred revenue 711,000 668,000
Total Liabilities 132,002,000 140,639,000
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; 7,458,193 and 7,449,583 shares issued at April 30, 2024 and October 31, 2023, respectively 75,000 74,000
Additional paid-in-capital 32,215,000 32,074,000
Accumulated deficit (9,692,000) (8,968,000)
Accumulated other comprehensive income 1,043,000 1,336,000
Total Common Equity 23,641,000 24,516,000
Noncontrolling interests in subsidiaries (7,108,000) (6,040,000)
Total Equity 16,533,000 18,476,000
Total Liabilities and Equity $ 148,535,000 $ 159,115,000