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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Oct. 31, 2024
Oct. 31, 2023
Revenues    
Rental income $ 5,539,129 $ 5,323,801
Total revenues 5,539,129 5,323,801
Expenses    
Real estate operating expenses 3,750,139 3,692,616
Administrative and general expenses 1,292,753 1,254,573
Depreciation 444,066 428,264
Total expenses 5,486,958 5,375,453
Income (loss) from operations 52,171 (51,652)
Other income and interest expense:    
Dividend and interest income 4,963 9,245
Net unrealized loss on marketable securities (163,567)
Interest expense, net of capitalized interest (24,477) (41,570)
Total investment income and interest expense (19,514) (195,892)
Income (loss) from operations before income taxes 32,657 (247,544)
Income taxes provided (benefit) 6,000 (55,000)
Net income (loss) $ 26,657 $ (192,544)
Income / (loss) per common share, basic $ 0.01 $ (0.10)
Dividends per share
Average common shares outstanding, basic 2,015,780 2,015,780