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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2024
Apr. 30, 2023
Apr. 30, 2024
Apr. 30, 2023
Revenues        
Rental income $ 5,364,324 $ 5,563,396 $ 16,102,968 $ 17,170,949
Total revenues 5,364,324 5,563,396 16,102,968 17,170,949
Expenses        
Real estate operating expenses 3,826,499 3,851,857 11,346,113 11,595,422
Administrative and general expenses 1,265,307 1,313,372 4,006,512 3,970,458
Depreciation 429,215 422,208 1,286,737 1,263,519
Total expenses 5,521,021 5,587,437 16,639,362 16,829,399
Income (loss) from operations (156,697) (24,041) (536,394) 341,550
Other income (loss) and interest expense:        
Dividend and interest income 7,617 5,846 74,053 89,653
Net realized gain on sale of marketable securities 149,260
Net unrealized gain (loss) on marketable securities (11,633) 4,769 (119,284) (176,672)
Interest expense, net of capitalized interest (35,167) (44,734) (105,118) (178,436)
Total other income (loss) and interest expense (39,183) (34,119) (1,089) (265,455)
Income (loss) from operations before income taxes (195,880) (58,160) (537,483) 76,095
Income taxes provided (benefit) (111,000) (19,000) (162,000) 11,000
Net income (loss) $ (84,880) $ (39,160) $ (375,483) $ 65,095
Income (loss) per common share, basic $ (0.04) $ (0.02) $ (0.19) $ 0.03
Dividends per share
Average common shares outstanding, basic 2,015,780 2,015,780 2,015,780 2,015,780