Pay vs Performance Disclosure - USD ($)

12 Months Ended

Oct. 31, 2024

Oct. 31, 2023

Oct. 31, 2022

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

PAY VERSUS PERFORMANCE DISCLOSURE

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act and Item 402(v) of Regulation S-K, the following table is intended to illustrate compensation “actually paid” to our principal executive officer (“PEO”) and the other named executive officers (“NEOs”) for each of the fiscal years ended October 31, 2024, 2023 and 2022, in each case, as compared to (i) our cumulative total shareholder return (“TSR”) performance and (ii) net income. Since the stock awards granted on March 22, 2024 and March 9, 2023 to Robert Hekemian, Jr. and John A. Aiello were fully vested on the date of the grant, there are no differences in our Summary Compensation Table amounts and compensation actually paid for the PEO and NEOs.

For additional information on our compensation programs and philosophy and how we design our compensation programs to align pay with performance, see the section titled “Compensation Discussion and Analysis” on pages 14 – 19.

Fiscal Year	Summary Compensation Table Total for PEO(1)		Compensation Actually Paid to PEO(1)		Average Summary Compensation Table Total for Non-PEO NEOs(2)		Average Compensation Actually Paid to Non-PEO NEOs(2)		Value of $100 Fixed Investment Based on Total Shareholder Return (TSR)		Net Income (in thousands)(3)
2024	$	680,000	$	680,000	$	87,500	$	87,500	$	140.51	$	15,852
2023	$	643,644	$	643,644	$	84,978	$	84,978	$	130.77	$	760
2022	$	830,779	$	830,779	$	79,000	$	79,000	$	124.62	$	45,992

____________

(1)      Robert Hekemian, Jr. was our principal executive officer for all years shown.

(2)      Allan Tubin and John A. Aiello were our NEOs for all years shown.

(3)      The dollar amounts reported represent the amount of net income reflected in the Trust’s audited financial statements for the applicable fiscal year.

Named Executive Officers, Footnote

Robert Hekemian, Jr. was our principal executive officer for all years shown.

PEO Total Compensation Amount

^[1]

$ 680,000

$ 643,644

$ 830,779

PEO Actually Paid Compensation Amount

^[1]

680,000

643,644

830,779

Non-PEO NEO Average Total Compensation Amount

^[2]

87,500

84,978

79,000

Non-PEO NEO Average Compensation Actually Paid Amount

^[2]

$ 87,500

84,978

79,000

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Net Income

Total Shareholder Return Amount

$ 140.51

130.77

124.62

Net Income (Loss)

^[3]

$ 15,852,000

$ 760,000

$ 45,992

[1] Robert Hekemian, Jr. was our principal executive officer for all years shown.

[2] Allan Tubin and John A. Aiello were our NEOs for all years shown.

[3] The dollar amounts reported represent the amount of net income reflected in the Trust’s audited financial statements for the applicable fiscal year.