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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2025
Apr. 30, 2024
Revenues        
Rental income $ 5,632,151 $ 5,364,324 $ 16,814,724 $ 16,102,968
Total revenues 5,632,151 5,364,324 16,814,724 16,102,968
Expenses        
Real estate operating expenses 3,822,276 3,826,499 11,700,830 11,346,113
Administrative and general expenses 1,239,480 1,265,307 3,784,108 4,006,512
Depreciation 457,285 429,215 1,346,625 1,286,737
Total expenses 5,519,041 5,521,021 16,831,563 16,639,362
Income/(Loss) from operations 113,110 (156,697) (16,839) (536,394)
Other income (loss) and interest expense:        
Dividend and interest income 7,979 7,617 16,406 74,053
Net realized gain on sale of marketable securities 149,260
Net unrealized (loss) on marketable securities (11,633) (119,284)
Interest expense, net of capitalized interest (11,305) (35,167) (60,807) (105,118)
Total investment income and interest expense (3,326) (39,183) (44,401) (1,089)
Income/(Loss) from operations before income taxes 109,784 (195,880) (61,240) (537,483)
Income taxes provision (benefit) 23,000 (111,000) (17,000) (162,000)
Net income/(loss) $ 86,784 $ (84,880) $ (44,240) $ (375,483)
Income/(Loss) per common share, basic $ 0.04 $ (0.04) $ (0.02) $ (0.19)
Dividends per share
Average common shares outstanding, basic 2,015,780 2,015,780 2,015,780 2,015,780