v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2026
Oct. 31, 2025
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 88,788 $ 89,419
Construction in progress 969 968
Cash and cash equivalents 18,503 17,926
Investment in U.S. Treasury securities available-for-sale 17,292 18,174
Investment in tenancy-in-common 16,921 16,922
Tenants' security accounts 810 833
Receivables arising from straight-lining of rents 463 472
Accounts receivable, net of allowance for doubtful accounts of $257 and $258 as of January 31, 2026 and October 31, 2025, respectively 243 201
Prepaid expenses and other assets 4,573 4,511
Deferred charges, net 255 238
Interest rate swap contract 180 210
Total Assets 148,997 149,874
Liabilities:    
Mortgages payable 120,837 121,300
Less unamortized debt issuance costs 426 516
Mortgages payable, net 120,411 120,784
Accounts payable and accrued expenses 717 665
Dividends payable 747 747
Tenants' security deposits 1,145 1,132
Deferred revenue 609 843
Total Liabilities 123,629 124,171
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 shares issued at January 31, 2026 and October 31, 2025 75 75
Additional paid-in-capital 32,393 32,393
Retained earnings 1,556 1,360
Accumulated other comprehensive income 181 211
Total Common Equity 34,205 34,039
Noncontrolling interests in subsidiaries (8,837) (8,336)
Total Equity 25,368 25,703
Total Liabilities and Equity $ 148,997 $ 149,874