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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Revenues        
Base rents $ 21,677 $ 21,498 $ 42,789 $ 41,570
Recoveries from tenants 7,153 6,493 14,226 12,865
Lease termination income 259 290 283 332
Other income 903 885 1,661 1,850
Total Revenues 29,992 29,166 58,959 56,617
Expenses        
Property operating 5,498 4,973 10,646 9,740
Property taxes 4,737 4,525 9,585 9,148
Depreciation and amortization 6,183 5,659 12,764 11,347
General and administrative 2,212 2,291 4,667 4,753
Provision for tenant credit losses 282 369 360 608
Acquisition costs 0 49 0 129
Directors' fees and expenses 83 82 166 165
Total Operating Expenses 18,995 17,948 38,188 35,890
Operating Income 10,997 11,218 20,771 20,727
Non-Operating Income (Expense):        
Interest expense (3,259) (3,249) (6,516) (6,520)
Equity in net income (loss) from unconsolidated joint ventures 525 537 1,039 920
Interest, dividends and other investment income 196 50 369 101
Income Before Gain on Sale of Properties 8,459 8,556 15,663 15,228
Gain on sale of properties 19,460 0 19,460 0
Net Income 27,919 8,556 35,123 15,228
Noncontrolling interests:        
Net income attributable to noncontrolling interests (247) (217) (469) (442)
Net income attributable to Urstadt Biddle Properties Inc. 27,672 8,339 34,654 14,786
Preferred stock dividends (3,571) (3,570) (7,141) (7,140)
Net Income Applicable to Common and Class A Common Stockholders 24,101 4,769 27,513 7,646
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 4,876 $ 1,042 $ 5,565 $ 1,670
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.58 $ 0.13 $ 0.66 $ 0.20
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.57 0.12 0.65 0.20
Dividends Per Share:        
Common (in dollars per share) $ 0.235 $ 0.23 $ 0.47 $ 0.46
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 19,225 $ 3,727 $ 21,948 $ 5,976
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.66 $ 0.14 $ 0.75 $ 0.23
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.64 0.14 0.74 0.22
Dividends Per Share:        
Common (in dollars per share) $ 0.265 $ 0.26 $ 0.53 $ 0.52