v3.25.1
Segment Information - Schedule of Condensed Consolidated Net Income Attributable to Common Equity (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2025
Jan. 31, 2025
Apr. 30, 2024
Jan. 31, 2024
Apr. 30, 2025
Apr. 30, 2024
Real estate rental revenue:            
Real estate rental revenue $ 7,286   $ 7,304   $ 14,583 $ 14,332
Real estate operating expenses:            
Real estate operating expenses 3,465   3,539   7,201 7,048
Net operating income:            
Net operating income 3,821   3,765   7,382 7,284
Recurring capital improvements - residential (126)   (169)   (203) (265)
Reconciliation to condensed consolidated net income attributable to common equity:            
Segment NOI 3,821   3,765   7,382 7,284
Deferred rents - straight lining (28)   (29)   (56) (58)
Investment income 350   279   750 686
General and administrative expenses (791)   (1,015)   (1,636) (2,823)
Income (loss) on investment in tenancy-in-common 14   62   23 (47)
Depreciation (734)   (789)   (1,457) (1,514)
Net loss on sale of Maryland properties   (92)   (171)
Financing costs (1,851)   (1,782)   (3,724) (3,624)
Net income (loss) 781 $ 501 399 $ (666) 1,282 (267)
Net loss attributable to noncontrolling interests in subsidiaries 113   134   226 288
Net income attributable to common equity 894   533   1,508 21
Commercial [Member]            
Real estate rental revenue:            
Real estate rental revenue 1,846   2,083   3,780 4,064
Real estate operating expenses:            
Real estate operating expenses 1,283   1,266   2,650 2,593
Net operating income:            
Net operating income 563   817   1,130 1,471
Residential [Member]            
Real estate rental revenue:            
Real estate rental revenue 5,440   5,221   10,803 10,268
Real estate operating expenses:            
Real estate operating expenses 2,182   2,273   4,551 4,455
Net operating income:            
Net operating income $ 3,258   $ 2,948   $ 6,252 $ 5,813