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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Operating activities:    
Net loss $ (267) $ (240)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Net loss on sale of Maryland properties 171 446
Depreciation 1,514 1,454
Amortization 345 286
Stock based compensation expense 1 10
Director fees and related interest paid in stock units 26
Stock award granted to directors 141 140
Loss on investment in tenancy-in-common 47 188
Deferred rents - straight line rent 58 76
Bad debt expense (recovery) 123 (30)
Accreted interest on investment in U.S. Treasury securities (418) (162)
Changes in operating assets and liabilities:    
Tenants' security accounts (29) 5
Accounts receivable, prepaid expenses and other assets (27) 142
Accounts payable, accrued expenses and deferred director compensation payable (195) (2,143)
Deferred revenue 43 110
Net cash provided by operating activities 1,507 308
Investing activities:    
Cash outlays from sale of Maryland properties, net (171) (446)
Purchase of U.S. Treasury securities (19,135) (17,084)
Proceeds from maturities of U.S. Treasury securities 26,315
Capital improvements - existing properties (456) (908)
Deferred leasing costs (49) (78)
Distribution from investment in tenancy-in-common 455
Net cash provided by (used in) investing activities 6,959 (18,516)
Financing activities:    
Repayment of mortgages (8,423) (764)
Proceeds from exercise of stock options 1,233
Deferred financing costs (166) (326)
Dividends paid (744) (11,114)
Distributions to noncontrolling interests in subsidiaries (780) (2,054)
Net cash used in financing activities (10,113) (13,025)
Net decrease in cash, cash equivalents and restricted cash (1,647) (31,233)
Cash, cash equivalents and restricted cash, beginning of period 18,356 58,500
Cash, cash equivalents and restricted cash, end of period 16,709 27,267
Supplemental disclosure of cash flow data:    
Interest paid 3,343 3,555
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 61 82
Financing activities:    
Dividends declared but not paid 373 372
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:    
Cash and cash equivalents 12,220 18,633
Tenants' security accounts 937 1,000
Funds held in post-closing escrow 189 4,651
Mortgage escrows (included in prepaid expenses and other assets) 3,363 2,983
Total cash, cash equivalents and restricted cash $ 16,709 $ 27,267