REAL ESTATE INVESTMENTS (Tables)

6 Months Ended

Apr. 30, 2017

REAL ESTATE INVESTMENTS [Abstract]

Schedule of Business Acquisitions

The financial information set forth below summarizes the Company's purchase price allocation for the properties acquired during the six months ended April 30, 2017 (in thousands).

	Derby		Passaic		Walgreen's		High Ridge		Chase		CVS
Assets:
Land	$	651	$	2,038	$	572	$	17,145	$	2,373	$	2,293
Building and improvements	$	7,652	$	5,614	$	1,323	$	43,593	$	1,456	$	2,697
In-place leases	$	771	$	480	$	80	$	1,552	$	121	$	181
Above market leases	$	-	$	-	$	1,090	$	335	$	288	$	-
Liabilities:
In-place leases	$	-	$	-	$	-	$	-	$	-	$	-
Below Market Leases	$	-	$	769	$	-	$	263	$	-	$	373

In April 2017, the Company completed the process of analyzing the fair value of the acquired assets and liabilities, including intangible assets and liabilities, for the Newfield Green and the 970 High Ridge Road properties acquired in 2016 and has made the following purchase price adjustments to land and building based on the fair market value of intangible assets acquired when the properties were purchased (in thousands).

	Newfield Green		970 High Ridge Road
Assets:
In-place leases	$	961	$	62
Above market leases	$	118	$	-
Liabilities:
In-place leases	$	-	$	-
Below market leases	$	1,061	$	74

Historical Revenues and Net Income of Acquisitions

The following table summarizes the operating results included in the Company's historical consolidated statements of income for the properties acquired during the first six months of fiscal 2017 (in thousands).

	Six Months		Three Months
	Ended		Ended
	April 30, 2017		April 30, 2017
Revenues	$	986	$	940
Net income attributable to Urstadt Biddle Properties Inc.	$	474	$	461