v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Operating activities:    
Net income $ 2,021 $ 16,068
Adjustments to reconcile net income to net cash provided by operating activities:    
Net loss on sale of Maryland properties 171
Depreciation 2,195 2,249
Amortization 431 492
Stock based compensation expense 1
Stock awards granted to directors 140 141
Loss on investment in tenancy-in-common 13 143
Deferred rents - straight line rent 83 88
Bad debt expense 119 116
Accreted interest on investment in U.S. Treasury securities (666) (595)
Changes in operating assets and liabilities:    
Tenants' security accounts (67) (40)
Accounts receivable, prepaid expenses and other assets (360) (191)
Accounts payable and accrued expenses (16) 1,318
Deferred interest on mortgage (222)
Deferred revenue 257 21
Net cash provided by operating activities 3,928 19,982
Investing activities:    
Cash outlays from sale of Maryland properties, net (171)
Purchase of U.S. Treasury securities (37,414) (26,759)
Proceeds from maturities of U.S. Treasury securities 46,861 34,002
Capital improvements - existing properties (557) (697)
Deferred leasing costs (46) (88)
Due from Pierre TIC for reimbursement of costs (166)
Distribution from investment in tenancy-in-common 455 455
Net cash provided by investing activities 9,299 6,576
Financing activities:    
Repayment of mortgages (6,894) (8,819)
Deferred financing costs (170) (207)
Dividends paid (6,419) (1,117)
Distributions to noncontrolling interests in subsidiaries (644) (1,020)
Net cash used in financing activities (14,127) (11,163)
Net (decrease) increase in cash, cash equivalents and restricted cash (900) 15,395
Cash, cash equivalents and restricted cash, beginning of period 19,223 18,356
Cash, cash equivalents and restricted cash, end of period 18,323 33,751
Supplemental disclosure of cash flow data:    
Interest paid 5,390 5,061
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 64 107
Financing activities:    
Dividends declared but not paid 748 373
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:    
Cash and cash equivalents 14,604 29,429
Tenants' security accounts 867 921
Funds held in post-closing escrow 189
Mortgage escrows (included in prepaid expenses and other assets) 2,852 3,212
Total cash, cash equivalents and restricted cash $ 18,323 $ 33,751