v3.25.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Operating activities:    
Net income (loss) $ 1,282 $ (267)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net loss on sale of Maryland properties 171
Depreciation 1,457 1,514
Amortization 280 345
Stock based compensation expense 1
Stock awards granted to directors 140 141
(Income) loss on investment in tenancy-in-common (23) 47
Deferred rents - straight line rent 56 58
Bad debt expense 72 123
Accreted interest on investment in U.S. Treasury securities (487) (418)
Changes in operating assets and liabilities:    
Tenants' security accounts (39) (29)
Accounts receivable, prepaid expenses and other assets (785) (27)
Accounts payable, accrued expenses and deferred director compensation payable 61 (195)
Deferred revenue 248 43
Net cash provided by operating activities 2,262 1,507
Investing activities:    
Cash outlays from sale of Maryland properties, net (171)
Purchase of U.S. Treasury securities (28,247) (19,135)
Proceeds from maturities of U.S. Treasury securities 30,205 26,315
Capital improvements - existing properties (383) (456)
Deferred leasing costs (15) (49)
Distribution from investment in tenancy-in-common 455 455
Net cash provided by investing activities 2,015 6,959
Financing activities:    
Repayment of mortgages (968) (8,423)
Deferred financing costs (104) (166)
Dividends paid (5,821) (744)
Distributions to noncontrolling interests in subsidiaries (642) (780)
Net cash used in financing activities (7,535) (10,113)
Net decrease in cash, cash equivalents and restricted cash (3,258) (1,647)
Cash, cash equivalents and restricted cash, beginning of period 19,223 18,356
Cash, cash equivalents and restricted cash, end of period 15,965 16,709
Supplemental disclosure of cash flow data:    
Interest paid 3,379 3,343
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 72 61
Financing activities:    
Dividends declared but not paid 598 373
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:    
Cash and cash equivalents 11,435 12,220
Tenants' security accounts 888 937
Funds held in post-closing escrow 189
Mortgage escrows (included in prepaid expenses and other assets) 3,642 3,363
Total cash, cash equivalents and restricted cash $ 15,965 $ 16,709