XML 35 R6.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Oct. 31, 2019
Cash Flows from Operating Activities:          
Net income $ 7,240 $ 9,960 $ 16,761 $ 19,978  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 7,148 6,985 14,283 13,925  
Straight-line rent adjustment     (550) (600)  
Provision for tenant credit losses     1,845 496  
Unrealized holding gain or (loss) arising during the periods (109) 0 (109) 0  
Marketable Securities, (Gain) Loss     0 (403)  
Gain (Loss) on Sale of Properties     328 0  
Restricted stock compensation expense and other adjustments     3,515 2,111  
Deferred compensation arrangement     (27) (32)  
Equity in net (income) of unconsolidated joint ventures (463) (376) (976) (718)  
Distributions of operating income from unconsolidated joint ventures     976 718  
Changes in operating assets and liabilities:          
Tenant receivables     (2,753) (334)  
Accounts payable and accrued expenses     1,909 (975)  
Other assets and other liabilities, net     (4,500) (918)  
Net Cash Flow Provided by Operating Activities     30,702 33,248  
Cash Flows from Investing Activities:          
Acquisitions of real estate investments     0 (11,755)  
Investments in and advances to unconsolidated joint ventures     0 (578)  
Deposits on acquisition of real estate investments     (1,030) 0  
Return of deposits on acquisitions of real estate     530 0  
Payments to Acquire Available-for-sale Securities     (6,983) 0  
Proceeds from Sale of Available-for-sale Securities, Equity     0 5,970  
Proceeds from Sale of Real Estate Held-for-investment     3,732 0  
Improvements to properties and deferred charges     (11,728) (9,629)  
Return of capital from unconsolidated joint ventures     202 5,984  
Net Cash Flow Provided by (Used in) Investing Activities     (15,277) (10,008)  
Cash Flows from Financing Activities:          
Dividends paid - Common and Class A Common Stock     (21,831) (21,303)  
Dividends paid - Preferred Stock     (7,364) (6,125)  
Principal amortization repayments on mortgage notes payable     (3,315) (3,137)  
Proceeds from Issuance of First Mortgage Bond     0 35,000  
Repayments of First Mortgage Bond     0 (23,925)  
Repayment of revolving credit line borrowings     0 (23,750)  
Proceeds from revolving credit line borrowings     35,000 21,500  
Acquisitions of noncontrolling interests     (609) (630)  
Distributions to noncontrolling interests     (2,066) (2,201)  
Payment of taxes on shares withheld for employee taxes     (573) (270)  
Redemption of Preferred Stock including restricted cash     (75,000) 0  
Sales of additional shares of Common and Class A Common Stock     122 98  
Net Cash Flow Provided by (Used in) Financing Activities     (75,636) (24,743)  
Net Increase In Cash and Cash Equivalents     (60,211) (1,503)  
Cash and Cash Equivalents at Beginning of Period     94,079 10,285 $ 10,285
Cash and Cash Equivalents at End of Period $ 33,868 $ 8,782 33,868 8,782 $ 94,079
Supplemental Cash Flow Disclosures:          
Interest Paid     $ 6,567 $ 6,958