XML 16 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
May 31, 2019
May 31, 2018
May 31, 2019
May 31, 2018
Consolidated Statements of Operations        
Rental revenue $ 8,421 $ 8,193 $ 16,858 $ 16,373
Revenue from property sales 8,660 898 9,526 1,023
Total revenue 17,081 9,091 26,384 17,396
Operating expenses of rental properties 2,419 2,412 5,084 5,089
Depreciation and amortization expense 2,939 2,889 5,881 5,707
General and administrative expenses 1,809 1,836 3,899 3,973
Costs related to property sales 1,009 55 1,823 144
Total expenses 8,176 7,192 16,687 14,913
Gain on insurance settlement 126   126  
Operating income 9,031 1,899 9,823 2,483
Interest expense (1,618) (1,547) (3,268) (3,079)
Investment income 89 11 181 26
Income (loss) before income tax provision 7,502 363 6,736 (570)
Income tax provision (1,683) (32) (1,503) (822)
Net income (loss) $ 5,819 $ 331 $ 5,233 $ (1,392)
Basic net loss per common share:        
Basic net income (loss) per common share $ 1.15 $ 0.07 $ 1.03 $ (0.28)
Diluted net loss per common share:        
Diluted net income (loss) per common share $ 1.14 $ 0.07 $ 1.03 $ (0.28)