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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Cash Flows from Operating Activities:      
Net income $ 31,949 $ 27,849 $ 28,202
Depreciation and amortization 15,292 15,066 15,366
Straight-line rent adjustments (634) (877) (580)
Provisions for tenant credit losses 1,009 671 655
Loss on property held for sale 0 300 155
Restricted stock compensation expense and other adjustment 3,881 3,277 2,692
Deferred compensation arrangement (116) (50) (720)
Lease Termination Income (2,988) 0 0
Gain on sale of marketable securities 0 0 (381)
Equity in net income of unconsolidated joint venture (393) (208) 0
Changes in operating assets and liabilities:      
Tenant receivables (2,588) (799) (1,794)
Accounts payable and accrued expenses (428) 425 166
Other assets and other liabilities, net 1,733 (656) (634)
Restricted cash (4) 174 (516)
Net Cash Flow Provided by Operating Activities 46,713 45,172 42,611
Cash Flows from Investing Activities:      
Acquisition of limited partner interests in consolidated joint venture (8,787) 0 (2,111)
Acquisitions of real estate investments (23,329) (22,261) (600)
Investments in and advances to unconsolidated joint venture (1,598) (23,919) 0
Deposit on acquisitions of real estate investment (1,252) (60) (87)
Return of deposits on real estate investments 0 0 1,100
Improvements to properties and deferred charges (8,134) (4,728) (2,315)
Net proceeds from sales of properties 0 0 925
Distributions to noncontrolling interests (306) (307) (459)
Payments received on mortgage notes receivable 890 80 71
Proceeds on sale of securities available for sale 0 0 3,620
Purchases of securities available for sale 0 0 (3,239)
Net Cash Flow (Used in) Investing Activities (42,516) (51,195) (3,095)
Cash Flows from Financing Activities:      
Sales of additional shares of Common and Class A Common Stock 717 46,013 1,014
Dividends paid - Common and Class A Common Stock (28,173) (25,783) (24,618)
Dividends paid - Preferred Stock (13,094) (13,094) (13,094)
Proceeds from revolving credit line borrowings 30,250 43,950 14,100
Repayments on revolving credit line borrowings 0 (32,350) (19,200)
Proceeds from loan financing 1,546 0 36,700
Principal repayments on mortgage notes payable (6,589) (7,378) (25,237)
Repurchase of shares of Class A Common Stock 0 0 (505)
Net Cash Flow Provided by (Used in) Financing Activities (15,343) 11,358 (30,840)
Net Increase (Decrease) in Cash and Cash Equivalents (11,146) 5,335 8,676
Cash and Cash Equivalents at Beginning of Year 15,675 10,340 1,664
Cash and Cash Equivalents at End of Year $ 4,529 $ 15,675 $ 10,340