v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2025
Oct. 31, 2024
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 90,034 $ 91,862
Construction in progress 958 944
Cash and cash equivalents 14,604 14,914
Investment in U.S. Treasury securities available-for-sale 20,478 29,259
Investment in tenancy-in-common 17,044 17,512
Tenants' security accounts 867 913
Receivables arising from straight-lining of rents 489 572
Accounts receivable, net of allowance for doubtful accounts of $253 and $272 as of July 31, 2025 and October 31, 2024, respectively 307 498
Prepaid expenses and other assets 4,895 5,007
Deferred charges, net 256 277
Interest rate swap contracts 299 506
Total Assets 150,231 162,264
Liabilities:    
Mortgages payable, including deferred interest of $0 and $222 as of July 31, 2025 and October 31, 2024, respectively 121,755 128,871
Less unamortized debt issuance costs 605 799
Mortgages payable, net 121,150 128,072
Accounts payable and accrued expenses 665 857
Dividends payable 748 5,224
Tenants' security deposits 1,138 1,205
Deferred revenue 979 722
Total Liabilities 124,680 136,080
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 issuedat July 31, 2025 and October 31, 2024, respectively 75 75
Additional paid-in-capital 32,393 32,253
Retained earnings 985 541
Accumulated other comprehensive income 287 494
Total Common Equity 33,740 33,363
Noncontrolling interests in subsidiaries (8,189) (7,179)
Total Equity 25,551 26,184
Total Liabilities and Equity $ 150,231 $ 162,264