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Consolidated Balance Sheets - USD ($)
$ in Thousands
Oct. 31, 2025
Oct. 31, 2024
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 89,419 $ 91,862
Construction in progress 968 944
Cash and cash equivalents 17,926 14,914
Investment in U.S. Treasury securities available-for-sale 18,174 29,259
Investment in tenancy-in-common 16,922 17,512
Tenants' security accounts 833 913
Receivables arising from straight-lining of rents 472 572
Accounts receivable, net of allowance for doubtful accounts of $258 and $272 as of October 31, 2025 and 2024, respectively 201 498
Prepaid expenses and other assets 4,511 5,007
Deferred charges, net 238 277
Interest rate swap contracts 210 506
Total Assets 149,874 162,264
Liabilities:    
Mortgages payable, including deferred interest of $0 and $222 as of October 31, 2025 and 2024, respectively 121,300 128,871
Less unamortized debt issuance costs 516 799
Mortgages payable, net 120,784 128,072
Accounts payable and accrued expenses 665 857
Dividends payable 747 5,224
Tenants' security deposits 1,132 1,205
Deferred revenue 843 722
Total Liabilities 124,171 136,080
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; 7,471,344 and 7,462,993 shares issued at October 31, 2025 and 2024, respectively 75 75
Additional paid-in-capital 32,393 32,253
Retained earnings 1,360 541
Accumulated other comprehensive income 211 494
Total Common Equity 34,039 33,363
Noncontrolling interests in subsidiaries (8,336) (7,179)
Total Equity 25,703 26,184
Total Liabilities and Equity $ 149,874 $ 162,264