XML 18 R3.htm IDEA: XBRL DOCUMENT v3.24.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2024
Oct. 31, 2023
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 91,862 $ 93,617
Construction in progress 944 898
Cash and cash equivalents 14,914 13,217
Investment in U.S. Treasury securities available-for-sale 29,259 23,593
Investment in tenancy-in-common 17,512 18,137
Tenants' security accounts 913 962
Receivables arising from straight-lining of rents 572 690
Accounts receivable, net of allowance for doubtful accounts of $272 and$1,090 as of October 31, 2024 and 2023, respectively 498 559
Funds held in post-closing escrow   883
Prepaid expenses and other assets 5,007 4,912
Deferred charges, net 277 311
Interest rate swap contracts 506 1,336
Total Assets 162,264 159,115
Liabilities:    
Mortgages payable, including deferred interest of $222 as of October 31, 2024 and 2023 128,871 138,179
Less unamortized debt issuance costs 799 1,117
Mortgages payable, net 128,072 137,062
Accounts payable and accrued expenses 857 1,275
Dividends payable 5,224 372
Tenants' security deposits 1,205 1,262
Deferred revenue 722 668
Total Liabilities 136,080 140,639
Commitments and contingencies (Note 7)
Common Equity:    
Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively
Common stock with par value of $0.01 per share: 20,000,000 shares authorized; 7,462,993 and 7,449,583 shares issued at October 31, 2024 and 2023, respectively 75 74
Additional paid-in-capital 32,253 32,074
Retained earnings (accumulated deficit) 541 (8,968)
Accumulated other comprehensive income 494 1,336
Total Common Equity 33,363 24,516
Noncontrolling interests in subsidiaries (7,179) (6,040)
Total Equity 26,184 18,476
Total Liabilities and Equity $ 162,264 $ 159,115