v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2026
Oct. 31, 2025
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 88,264 $ 89,419
Construction in progress 982 968
Cash and cash equivalents 14,168 17,926
Investment in U.S. Treasury securities available-for-sale 21,317 18,174
Investment in tenancy-in-common 16,853 16,922
Tenants' security accounts 812 833
Receivables arising from straight-lining of rents 462 472
Accounts receivable, net of allowance for doubtful accounts of $163 and $258 as of April 30, 2026 and October 31, 2025, respectively 468 201
Prepaid expenses and other assets 4,837 4,511
Deferred charges, net 270 238
Interest rate swap contract 215 210
Total Assets 148,648 149,874
Liabilities:    
Mortgages payable 120,342 121,300
Less unamortized debt issuance costs 402 516
Mortgages payable, net 119,940 120,784
Accounts payable and accrued expenses 866 665
Dividends payable 748 747
Tenants' security deposits 1,145 1,132
Deferred revenue 923 843
Total Liabilities 123,622 124,171
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; 7,482,432 and 7,471,344 shares issued at April 30, 2026 and October 31, 2025, respectively 75 75
Additional paid-in-capital 32,533 32,393
Retained earnings 1,424 1,360
Accumulated other comprehensive income 208 211
Total Common Equity 34,240 34,039
Noncontrolling interests in subsidiaries (9,214) (8,336)
Total Equity 25,026 25,703
Total Liabilities and Equity $ 148,648 $ 149,874