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INVESTMENT ASSETS, NET
3 Months Ended
Jul. 31, 2026
INVESTMENT ASSETS, NET  
INVESTMENT ASSETS

(3)INVESTMENT ASSETS, NET

Investment assets, net consist of (in thousands):

  ​ ​ ​

July 31, 

  ​ ​ ​

April 30, 

2026

2026

Land held for long-term investment

$

8,481

$

8,482

Owned real estate leased or intended to be leased

 

10,004

 

8,029

Less accumulated depreciation

(378)

(337)

Owned real estate leased or intended to be leased, net

9,626

7,692

Total

$

18,107

$

16,174

Refer to Note 3 to the consolidated financial statements contained in the 2026 Form 10-K for detail regarding investment assets, net. As of July 31, 2026, the Company leased 30 homes to residential tenants. As of April 30, 2026, the Company leased 28 homes to residential tenants. Depreciation associated with owned real estate leased or intended to be leased was $41,000 and $39,000 for the three months ended July 31, 2026 and July 31, 2025.