Filing excerpt
In the six months ended April 30, 2026, loss before income taxes was $74.4 million compared to a loss before income taxes of $107.9 million in the six months ended April 30, 2025. The reduction in loss before income taxes in the fiscal 2026 period was principally due to the sale of approximately half of our Apartment Living portfolio, offset, in part, by other-than-temporary impairment charges of $57.8 million related to several Rental Property Joint Ventures.