v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2025
Oct. 31, 2024
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 90,606 $ 91,862
Construction in progress 958 944
Cash and cash equivalents 11,435 14,914
Investment in U.S. Treasury securities available-for-sale 27,782 29,259
Investment in tenancy-in-common 17,080 17,512
Tenants' security accounts 888 913
Receivables arising from straight-lining of rents 516 572
Accounts receivable, net of allowance for doubtful accounts of $206 and $272 as of April 30, 2025 and October 31, 2024, respectively 711 498
Prepaid expenses and other assets 5,753 5,007
Deferred charges, net 247 277
Interest rate swap contracts 237 506
Total Assets 156,213 162,264
Liabilities:    
Mortgages payable, including deferred interest of $222 as of April 30, 2025 and October 31, 2024 127,903 128,871
Less unamortized debt issuance costs 668 799
Mortgages payable, net 127,235 128,072
Accounts payable and accrued expenses 750 857
Dividends payable 598 5,224
Tenants' security deposits 1,166 1,205
Deferred revenue 970 722
Total Liabilities 130,719 136,080
Commitments and contingencies
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 April 30, 2025 and October 31, 2024, respectively 75 75
Additional paid-in-capital 32,393 32,253
Retained earnings 854 541
Accumulated other comprehensive income 219 494
Total Common Equity 33,541 33,363
Noncontrolling interests in subsidiaries (8,047) (7,179)
Total Equity 25,494 26,184
Total Liabilities and Equity $ 156,213 $ 162,264