v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 31, 2026
Oct. 31, 2025
ASSETS    
Real estate, at cost, net of accumulated depreciation $ 82,173 $ 89,419
Construction in progress 982 968
Cash and cash equivalents 16,024 17,926
Investment in U.S. Treasury securities available-for-sale 41,863 18,174
Investment in tenancy-in-common 17,025 16,922
Tenants' security accounts 806 833
Receivables arising from straight-lining of rents 287 472
Accounts receivable, net of allowance for doubtful accounts of $104 and $258 as of July 31, 2026 and October 31, 2025, respectively 391 201
Prepaid expenses and other assets 5,538 4,511
Deferred charges, net 172 238
Interest rate swap contract 235 210
Total Assets 165,496 149,874
Liabilities:    
Mortgages payable 114,840 121,300
Less unamortized debt issuance costs 596 516
Mortgages payable, net 114,244 120,784
Due to affiliate 693
Accounts payable and accrued expenses 881 665
Dividends payable 748 747
Tenants' security deposits 1,007 1,132
Deferred revenue 686 843
Total Liabilities 118,259 124,171
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 July 31, 2026 and October 31, 2025, respectively 75 75
Additional paid-in-capital 32,533 32,393
Retained earnings 20,837 1,360
Accumulated other comprehensive income 221 211
Total Common Equity 53,666 34,039
Noncontrolling interests in subsidiaries (6,429) (8,336)
Total Equity 47,237 25,703
Total Liabilities and Equity $ 165,496 $ 149,874