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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Jul. 31, 2018
Jul. 31, 2017
REVENUE $ 45,946 $ 40,978
EXPENSES    
Property operating expenses, excluding real estate taxes 14,459 12,874
Real estate taxes 5,070 4,653
Casualty loss 225 485
Depreciation and amortization 18,612 25,338
Impairment of real estate investments 0 256
General and administrative expenses 3,870 4,002
TOTAL EXPENSES 43,603 48,964
Operating income (loss) 2,343 (7,986)
Interest expense (8,385) (8,131)
Loss on extinguishment of debt (552) (199)
Interest income 481 21
Other income 35 207
Loss before gain on sale of real estate and other investments and income from discontinued operations (6,078) (16,088)
Gain on sale of real estate and other investments 9,224 124
Income (loss) from continuing operations 3,146 (15,964)
Income (loss) from discontinued operations 570 2,685
NET INCOME (LOSS) 3,716 (13,279)
Net (income) loss attributable to noncontrolling interests – Operating Partnership (135) 1,644
Net (income) loss attributable to noncontrolling interests – consolidated real estate entities (665) 371
Net income (loss) attributable to controlling interests 2,916 (11,264)
Dividends to preferred shareholders (1,705) (2,286)
NET INCOME (LOSS) AVAILABLE TO COMMON SHAREHOLDERS $ 1,211 $ (13,550)
Earnings (loss) per common share from continuing operations – basic and diluted (in dollars per share) $ 0.01 $ (0.13)
Earnings per common share from discontinued operations – basic and diluted (in dollars per share) 0.00 0.02
NET EARNINGS (LOSS) PER COMMON SHARE – BASIC & DILUTED (in dollars per share) 0.01 (0.11)
DIVIDENDS PER COMMON SHARE (in dollars per share) $ 0.07 $ 0.07
Management Service [Member]    
EXPENSES    
Property management expense $ 1,367 $ 1,356