XML 31 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Cash Flows from Operating Activities:    
Net Income $ 13,882 $ 17,215
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 8,383 7,593
Straight-line rent adjustment (265) (263)
Provisions for tenant credit losses 252 539
Restricted stock compensation expense and other adjustments 1,856 1,948
Deferred compensation arrangement 9 (119)
Lease termination income 0 (2,988)
Equity in net (income)/loss of unconsolidated joint ventures 166 (141)
Changes in operating assets and liabilities:    
Tenant receivables 270 (1,520)
Accounts payable and accrued expenses 667 1,793
Other assets and other liabilities, net (146) (2,409)
Restricted cash (1) (2)
Net Cash Flow Provided by Operating Activities 25,073 21,646
Cash Flows from Investing Activities:    
Investments in and advances to unconsolidated joint venture (794) (555)
Acquisitions of noncontrolling interests 0 (7,431)
Deposits on acquisition of real estate investments (21) (882)
Acquisitions of real estate investments (5,432) (6,362)
Improvements to properties and deferred charges (3,023) (3,162)
Distributions to noncontrolling interests (171) (153)
Payments received on mortgage notes receivable 529 364
Return of deposits on real estate investments 843 0
Distributions from unconsolidated joint ventures 236 131
Net Cash Flow (Used in) Investing Activities (7,833) (18,050)
Cash Flows from Financing Activities:    
Dividends paid - Common and Class A Common Stock (14,354) (14,080)
Dividends paid - Preferred Stock (6,547) (6,547)
Principal repayments on mortgage notes payable (4,990) (1,228)
Proceeds from loan financing 28,000 726
Sales of additional shares of Common and Class A Common Stock 146 569
Repayment of revolving credit line borrowings (27,950) 0
Proceeds from revolving credit line borrowings 8,000 3,000
Net Cash Flow Provided by (Used in) Financing Activities (17,695) (17,560)
Net Increase (Decrease) In Cash and Cash Equivalents (455) (13,964)
Cash and Cash Equivalents at Beginning of Period 4,529 15,675
Cash and Cash Equivalents at End of Period 4,074 1,711
Supplemental Cash Flow Disclosures:    
Interest Paid $ 4,244 $ 3,815