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REVENUES
6 Months Ended
Oct. 31, 2020
REVENUES  
REVENUES

(8)            REVENUES

Land sale revenues. Substantially all of the land sale revenues were received from four customers during each of the three and six months ended October 31, 2020 and from three customers during each of the three and six months ended October 31, 2019.

Home sale revenues.  Home sale revenues are from homes constructed and sold by the Company in the Albuquerque metropolitan area. All home sale revenues were received from one customer during the three months ended October 31, 2020.

Rental revenues.   Rental revenues consist of rent received from tenants at the Company’s warehouse and office buildings in Palm Coast, Florida and at a retail building in the Las Fuentes at Panorama Village subdivision in Rio Rancho, New Mexico. 

Other revenues.  Other revenues consist of:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended October 31,

 

Six Months Ended October 31,

 

 

2020

 

2019

 

2020

 

2019

 

 

(in thousands)

 

(in thousands)

Oil & gas royalties

 

$

25

    

$

 —

    

$

36

    

$

 —

Private infrastructure reimbursement covenants

 

 

245

 

 

140

 

 

378

 

 

231

Public improvement district reimbursements

 

 

69

 

 

26

 

 

244

 

 

26

Miscellaneous other revenue

 

 

37

 

 

187

 

 

87

 

 

231

 

 

$

376

 

$

353

 

$

745

 

$

488

 

Refer to Note 9 to the consolidated financial statements contained in the 2020 Form 10-K for additional detail about each category of other revenues.

The Company owns certain minerals and mineral rights in and under approximately 55,000 surface acres of land in Sandoval County, New Mexico.  The lease to a third party with respect to such mineral rights expired in September 2020 and no drilling had commenced with respect to such mineral rights. The Company did not record any revenue in 2021 related to this lease.

Miscellaneous other revenue for the three and six months ended October 31, 2020 primarily consist of payments for impact fee credits and a land condemnation. Miscellaneous other revenue for the three and six months ended October 31, 2019 primarily consist of forfeited deposits and non-refundable option payments.