FAIR VALUE MEASUREMENTS

9 Months Ended

Mar. 31, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 7 - FAIR VALUE MEASUREMENTS

The carrying values of the Company’s financial instruments not required to be carried at fair value on a recurring basis approximate fair value due to their short maturities (i.e., accounts receivable, other assets, accounts payable and other liabilities and obligations for securities sold) or the nature and terms of the obligation (i.e., other notes payable and mortgage notes payable).

The assets and liabilities measured at fair value on a recurring basis are as follows:

As of	March 31, 2024		June 30, 2023
Assets:	Total - Level 1		Total - Level 1
Investment in marketable securities:
REITs and real estate companies	$	4,190,000	$	6,985,000
T-Notes		925,000		2,093,000
Financial services		4,967,000		1,865,000
Consumer defensive		125,000		-
Technology		719,000		2,779,000
Basic material		109,000		1,047,000
Healthcare		212,000		739,000
Consumer cyclical		-		1,689,000
Communication services		2,396,000		566,000
Industrial		390,000		485,000
Energy		250,000		-
Utilities		346,000		97,000
Other		55,000		-
Total	$	14,684,000	$	18,345,000

The fair values of investments in marketable securities are determined by the most recently traded price of each security at the balance sheet date.