Operating Leases (Tables)
|
3 Months Ended |
Oct. 31, 2025 |
|---|
| Operating Leases |
|
| Schedule of revenues by lease and non-lease components |
| Schedule of revenues by lease and non-lease components | |
| | | |
| | |
| | |
Three Months Ended
October 31, | |
| | |
2025 | | |
2024 | |
| Base rent - fixed | |
$ | 4,763,680 | | |
$ | 5,087,276 | |
| Reimbursements of common area costs | |
| 152,889 | | |
| 150,732 | |
| Non-lease components (real estate taxes) | |
| 334,845 | | |
| 301,121 | |
| Rental income | |
$ | 5,251,414 | | |
$ | 5,539,129 | |
|
| Schedule of future minimum non-cancelable rental income |
| Schedule of future minimum non-cancelable rental income | |
| | | |
| | | |
| | |
| | |
As of October 31, 2025 | |
| Fiscal Year | |
Company
Owned
Property | | |
Leased
Property | | |
Total | |
| For the remainder of 2026 | |
$ | 7,697,580 | | |
$ | 4,014,887 | | |
$ | 11,712,467 | |
| 2027 | |
| 8,486,631 | | |
| 4,972,934 | | |
| 13,459,565 | |
| 2028 | |
| 7,605,023 | | |
| 4,926,445 | | |
| 12,531,468 | |
| 2029 | |
| 6,842,429 | | |
| 3,986,809 | | |
| 10,829,238 | |
| 2030 | |
| 5,192,158 | | |
| 2,337,182 | | |
| 7,529,340 | |
| 2031 | |
| 3,846,493 | | |
| 1,632,802 | | |
| 5,479,295 | |
| After 2031 | |
| 13,517,142 | | |
| 6,420,552 | | |
| 19,937,694 | |
| Total | |
$ | 53,187,456 | | |
$ | 28,291,611 | | |
$ | 81,479,067 | |
|
| Schedule of operating lease right-of-use assets, liabilities and monthly rent expense |
| Schedule of operating lease right-of-use assets,
liabilities and monthly rent expense | |
| |
| | |
| |
| | |
Jamaica Avenue at 169th Street |
| | |
Increase in | |
Increase in | | |
Decrease in | |
| | |
Operating | |
Operating | | |
Monthly | |
| | |
Lease Right- | |
Lease | | |
Rent | |
| | |
of-Use Asset | |
Liability | | |
Expense | |
| Remeasurement change resulting from August 2025 lease extension | |
$ |
1,575,690 | |
$ | 1,575,690 | | |
$ | (14,766 | ) |
|
| Schedule of sublease rental income |
| Schedule of sublease
rental income | |
| | | |
| | |
| | |
Three Months Ended
October 31, | |
| | |
2025 | | |
2024 | |
| Sublease rental income | |
$ | 1,873,637 | | |
$ | 1,821,654 | |
| Operating lease costs | |
| (705,166 | ) | |
| (749,125 | ) |
| Excess of sublease income over lease cost | |
$ | 1,168,471 | | |
$ | 1,072,529 | |
|
| Schedule of other information related to operating leases |
| Schedule of other information
related to operating leases | |
| | | |
| | |
| | |
Three Months Ended
October 31, | |
| | |
2025 | | |
2024 | |
| Other information: | |
| | | |
| | |
| Operating cash flows from operating leases | |
$ | 544,894 | | |
$ | 540,300 | |
|
| Schedule of annual undiscounted cash flows of the operating lease liabilities |
| Schedule of annual undiscounted cash flows of the operating lease liabilities | |
| | |
| Period Ended October 31, | |
Operating
Leases | |
| 2026 | |
$ | 2,272,955 | |
| 2027 | |
| 2,333,737 | |
| 2028 | |
| 2,354,249 | |
| 2029 | |
| 2,375,443 | |
| 2030 | |
| 2,152,730 | |
| Thereafter | |
| 22,039,738 | |
| Total undiscounted cash flows | |
| 33,528,852 | |
| Less: present value discount | |
| (8,229,013 | ) |
| Total Lease Liabilities | |
$ | 25,299,839 | |
|