v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Operating activities:    
Net income $ 1,236 $ 1,282
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 1,445 1,457
Amortization 349 280
Stock awards granted to directors 140 140
Loss (income) on investment in tenancy-in-common 69 (23)
Deferred rents - straight line rent 10 56
Bad debt expense 15 72
Accreted interest on investment in U.S. Treasury securities (266) (487)
Changes in operating assets and liabilities:    
Tenants' security accounts 13 (39)
Accounts receivable, prepaid expenses and other assets (619) (785)
Accounts payable and accrued expenses 146 61
Deferred revenue 80 248
Net cash provided by operating activities 2,618 2,262
Investing activities:    
Purchase of U.S. Treasury securities (26,843) (28,247)
Proceeds from maturities of U.S. Treasury securities 23,958 30,205
Capital improvements (249) (383)
Deferred leasing costs (76) (15)
Distribution from investment in tenancy-in-common 455
Net cash (used in) provided by investing activities (3,210) 2,015
Financing activities:    
Repayment of mortgages (958) (968)
Deferred financing costs (191) (104)
Dividends paid (1,494) (5,821)
Distributions to noncontrolling interests in subsidiaries (555) (642)
Net cash used in financing activities (3,198) (7,535)
Net decrease in cash, cash equivalents and restricted cash (3,790) (3,258)
Cash, cash equivalents and restricted cash, beginning of period 21,528 19,223
Cash, cash equivalents and restricted cash, end of period 17,738 15,965
Supplemental disclosure of cash flow data:    
Interest paid 3,356 3,379
Investing activities:    
Accrued capital expenditures, construction costs and pre-development costs 82 72
Financing activities:    
Dividends declared but not paid 748 598
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:    
Cash and cash equivalents 14,168 11,435
Tenants' security accounts 812 888
Mortgage escrows (included in prepaid expenses and other assets) 2,758 3,642
Total cash, cash equivalents and restricted cash $ 17,738 $ 15,965