Consolidated Statements of Operations - USD ($)
$ in Thousands |
3 Months Ended |
6 Months Ended |
May 31, 2016 |
May 31, 2015 |
May 31, 2016 |
May 31, 2015 |
| Consolidated Statements of Operations |
|
|
|
|
| Rental revenue |
$ 6,802
|
$ 5,951
|
$ 13,484
|
$ 11,358
|
| Revenue from property sales |
(278)
|
245
|
(278)
|
1,071
|
| Total revenue |
6,524
|
6,196
|
13,206
|
12,429
|
| Operating expenses of rental properties |
1,992
|
1,872
|
4,158
|
4,285
|
| Depreciation and amortization expense |
2,169
|
1,886
|
4,314
|
3,704
|
| Costs related to property sales |
|
118
|
|
322
|
| General and administrative expenses |
2,093
|
1,847
|
3,660
|
3,858
|
| Total expenses |
6,254
|
5,723
|
12,132
|
12,169
|
| Operating income |
270
|
473
|
1,074
|
260
|
| Interest expense |
(1,062)
|
(917)
|
(2,153)
|
(1,844)
|
| Gain on sale of assets |
122
|
|
122
|
|
| Investment income |
55
|
71
|
62
|
105
|
| Loss before income tax benefit |
(615)
|
(373)
|
(895)
|
(1,479)
|
| Income tax benefit |
236
|
139
|
181
|
537
|
| Net loss |
$ (379)
|
$ (234)
|
$ (714)
|
$ (942)
|
| Basic net income (loss) per common share: |
|
|
|
|
| Basic net loss per common share (in dollars per share) |
$ (0.07)
|
$ (0.05)
|
$ (0.14)
|
$ (0.18)
|
| Diluted net income (loss) per common share: |
|
|
|
|
| Diluted net loss per common share (in dollars per share) |
$ (0.07)
|
$ (0.05)
|
$ (0.14)
|
$ (0.18)
|