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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2025
Jan. 31, 2024
Jan. 31, 2025
Jan. 31, 2024
Revenues        
Rental income $ 5,643,444 $ 5,414,843 $ 11,182,573 $ 10,738,644
Total revenues 5,643,444 5,414,843 11,182,573 10,738,644
Expenses        
Real estate operating expenses 4,128,415 3,826,998 7,878,554 7,519,614
Administrative and general expenses 1,251,875 1,486,632 2,544,628 2,741,205
Depreciation 445,274 429,258 889,340 857,522
Total expenses 5,825,564 5,742,888 11,312,522 11,118,341
Loss from operations (182,120) (328,045) (129,949) (379,697)
Other income (loss) and interest expense:        
Dividend and interest income 3,464 57,191 8,427 66,436
Net realized gain on sale of marketable securities 149,260 149,260
Net unrealized gain (loss) on marketable securities 55,916 (107,651)
Interest expense, net of capitalized interest (25,025) (28,381) (49,502) (69,951)
Total investment income and interest expense (21,561) 233,986 (41,075) 38,094
Loss from operations before income taxes (203,681) (94,059) (171,024) (341,603)
Income taxes provision (benefit) (46,000) 4,000 (40,000) (51,000)
Net loss $ (157,681) $ (98,059) $ (131,024) $ (290,603)
Loss per common share, basic $ (0.08) $ (0.04) $ (0.07) $ (0.14)
Dividends per share
Average common shares outstanding, basic 2,015,780 2,015,780 2,015,780 2,015,780