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GENERAL AND ADMINISTRATIVE EXPENSES (Tables)

12 Months Ended

Apr. 30, 2026

GENERAL AND ADMINISTRATIVE EXPENSES

Schedule of general and administrative expenses

General and administrative expenses consist of (in thousands):

​	​	​	​	​	​	​
​	​	Year Ended April 30,
​	​ ​ ​	2026		​ ​ ​	2025
Land development	​	$	5,249	​	$	3,847
Homebuilding	​		2,033	​		1,764
Corporate	​		1,743	​		1,667
Total	​	$	9,025	​	$	7,278

​

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