v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Operating activities:    
Net income $ 21,182 $ 2,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Net gain on sale of property (19,825)
Depreciation 2,126 2,195
Amortization 632 431
Stock awards granted to directors 140 140
Loss on investment in tenancy-in-common 106 13
Deferred rents - straight line rent 6 83
Bad debt expense 49 119
Accreted interest on investment in U.S. Treasury securities (442) (666)
Changes in operating assets and liabilities:    
Tenants' security accounts (125) (67)
Accounts receivable, prepaid expenses and other assets (518) (360)
Accounts payable and accrued expenses 182 (16)
Deferred interest on mortgage (222)
Due to affiliate - accrued interest 6
Deferred revenue (157) 257
Net cash provided by operating activities 3,362 3,928
Investing activities:    
Proceeds from sale of property 25,717
Purchase of U.S. Treasury securities (62,065) (37,414)
Proceeds from maturities of U.S. Treasury securities 38,803 46,861
Capital improvements (451) (557)
Deferred leasing costs (121) (46)
Due from investment in tenancy-in-common for reimbursement of costs (209)
Distribution from investment in tenancy-in-common 455
Net cash provided by investing activities 1,674 9,299
Financing activities:    
Repayment of mortgages (6,460) (6,894)
Deferred financing costs (647) (170)
Due to affiliate - loan proceeds 687
Dividends paid (2,242) (6,419)
Contributions from noncontrolling interests in subsidiaries - Preferred Member 3,000
Distributions to noncontrolling interests in subsidiaries (555) (644)
Net cash used in financing activities (6,217) (14,127)
Net decrease in cash, cash equivalents and restricted cash (1,181) (900)
Cash, cash equivalents and restricted cash, beginning of period 21,528 19,223
Cash, cash equivalents and restricted cash, end of period 20,347 18,323
Supplemental disclosure of cash flow data:    
Interest paid 5,061 5,390
Investing activities:    
Accrued transactional costs for sale of property 25
Accrued capital expenditures, construction costs and pre-development costs 36 64
Financing activities:    
Dividends declared but not paid 748 748
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets:    
Cash and cash equivalents 16,024 14,604
Tenants' security accounts 806 867
Mortgage escrows (included in prepaid expenses and other assets) 3,517 2,852
Total cash, cash equivalents and restricted cash $ 20,347 $ 18,323