Consolidated Balance Sheets - USD ($) $ in Thousands	May 31, 2019	Nov. 30, 2018
ASSETS
Real estate assets at cost, net	$ 218,732	$ 213,621
Cash and cash equivalents	6,966	8,592
Short-term investments	12,000	17,000
Deferred income taxes	1,232	1,556
Real estate assets held for sale	1,037	2,652
Other assets	23,572	20,048
Total assets	263,539	263,469
LIABILITIES AND STOCKHOLDERS' EQUITY
Mortgage and construction loans, net of debt issuance costs	143,537	145,052
Deferred revenue	8,908	10,599
Accounts payable and accrued liabilities	5,329	3,333
Dividend payable		2,279
Other liabilities	9,695	7,378
Total liabilities	167,469	168,641
Commitments and Contingencies (Note 8)
Stockholders' Equity
Common stock, par value $0.01 per share, 10,000,000 shares authorized, 5,665,544 and 5,635,706 shares issued, respectively, and 5,072,621 and 5,065,173 shares outstanding, respectively	57	56
Additional paid-in capital	113,111	112,071
Retained earnings (deficit)	5,022	(211)
Accumulated other comprehensive income (loss), net of tax	(1,791)	2,395
Treasury stock, at cost, 592,923 and 570,533 shares, respectively	(20,329)	(19,483)
Total stockholders' equity	96,070	94,828
Total liabilities and stockholders' equity	$ 263,539	$ 263,469