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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Revenues    
Rental income $ 21,593,264 $ 22,576,455
Total revenues 21,593,264 22,576,455
Expenses    
Real estate operating expenses 15,151,406 15,383,378
Administrative and general expenses 5,336,672 5,280,853
Depreciation 1,725,291 1,688,557
Total expenses 22,213,369 22,352,788
Income (loss) from operations (620,105) 223,667
Other income (loss) and interest expense    
Dividend and interest income 87,922 98,335
Net realized gain on sale of marketable securities 124,907 130,009
Net unrealized loss on marketable securities (366,206)
Interest expense, net of capitalized interest (136,292) (230,769)
Total investment income and interest expense 76,537 (368,631)
Loss before income tax (543,568) (144,964)
Income tax provision (benefit) (137,000) (62,000)
Net loss $ (406,568) $ (82,964)
Loss per common share, basic $ (0.20) $ (0.04)
Dividends per share
Weighted average common shares outstanding, basic 2,015,780 2,015,780