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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
May 31, 2018
May 31, 2017
Operating activities:    
Net (loss) income $ (1,392) $ 3,788
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 5,707 4,736
Gain on sales of properties (879) (8,095)
Deferred income taxes 822 2,102
Stock-based compensation expense 178 170
Amortization of debt issuance costs 146 134
Other 112  
Changes in assets and liabilities:    
Other assets 1,577 (991)
Accounts payable and accrued liabilities (879) (923)
Deferred revenue (1,982) 720
Other liabilities 241 913
Net cash provided by operating activities 3,651 2,554
Investing activities:    
Additions to real estate assets (8,085) (5,322)
Proceeds from sales of properties, net of expenses 998 10,086
Proceeds from sales of properties deposited in escrow, net (754) (6,175)
Deferred leasing costs and other (239) (874)
Net cash used in investing activities (8,080) (2,285)
Financing activities:    
Proceeds from mortgage loans 18,781 12,000
Principal payments on mortgage loans (13,572) (1,604)
Dividends paid to stockholders (2,000) (1,514)
Payment of debt issuance costs (558) (222)
Proceeds from exercise of stock options 527  
Repurchase of common stock   (1,474)
Other (39)  
Net cash provided by financing activities 3,139 7,186
Net (decrease) increase in cash and cash equivalents (1,290) 7,455
Cash and cash equivalents at beginning of period 30,068 24,689
Cash and cash equivalents at end of period $ 28,778 $ 32,144