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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2024
Oct. 31, 2023
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 91,922 $ 93,617
Construction in progress 941 898
Cash and cash equivalents 29,429 13,217
Investment in U.S. Treasury securities available-for-sale 16,919 23,593
Investment in tenancy-in-common 17,705 18,137
Tenants' security accounts 921 962
Receivables arising from straight-lining of rents 602 690
Accounts receivable, net of allowance for doubtful accounts of $250 and $1,090 as of July 31, 2024 and October 31, 2023, respectively 397 559
Funds held in post-closing escrow 189 883
Prepaid expenses and other assets 5,067 4,912
Deferred charges, net 309 311
Interest rate swap contracts 636 1,336
Total Assets 165,037 159,115
Liabilities:    
Mortgages payable, including deferred interest of $222 129,360 138,179
Less unamortized debt issuance costs 922 1,117
Mortgages payable, net 128,438 137,062
Accounts payable and accrued expenses 2,493 1,275
Dividends payable 373 372
Tenants' security deposits 1,222 1,262
Deferred revenue 689 668
Total Liabilities 133,215 140,639
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 July 31, 2024 and October 31, 2023, respectively 75 74
Additional paid-in-capital 32,215 32,074
Retained earnings (accumulated deficit) 4,726 (8,968)
Accumulated other comprehensive income 610 1,336
Total Common Equity 37,626 24,516
Noncontrolling interests in subsidiaries (5,804) (6,040)
Total Equity 31,822 18,476
Total Liabilities and Equity $ 165,037 $ 159,115