XML 31 R4.htm IDEA: XBRL DOCUMENT v3.19.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Aug. 31, 2019
Aug. 31, 2018
Aug. 31, 2019
Aug. 31, 2018
Consolidated Statements of Operations        
Rental revenue $ 8,600 $ 8,001 $ 25,458 $ 24,374
Revenue from property sales 302   9,828 1,023
Total revenue 8,902 8,001 35,286 25,397
Operating expenses of rental properties 2,483 2,189 7,567 7,278
Depreciation and amortization expense 2,925 2,743 8,806 8,450
General and administrative expenses 1,668 1,842 5,567 5,815
Costs related to property sales 176   1,999 144
Total expenses 7,252 6,774 23,939 21,687
Gain on insurance recovery     126  
Operating income 1,650 1,227 11,473 3,710
Interest expense (1,508) (1,487) (4,776) (4,566)
Investment income 61 49 242 75
Income (loss) before income tax benefit (provision) 203 (211) 6,939 (781)
Income tax benefit (provision) 814 89 (689) (733)
Net income (loss) $ 1,017 $ (122) $ 6,250 $ (1,514)
Basic net loss per common share:        
Basic net income (loss) per common share $ 0.20 $ (0.02) $ 1.23 $ (0.30)
Diluted net loss per common share:        
Diluted net income (loss) per common share $ 0.20 $ (0.02) $ 1.23 $ (0.30)