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PROPERTIES (Tables)
 12 Months Ended
Oct. 31, 2017
PROPERTIES [Abstract]  
Components of Core Properties
The components of the properties consolidated in the financial statements are as follows (in thousands):

  
October 31,
 
  
2017
  
2016
 
Land
 
$
218,501
  
$
187,676
 
Buildings and improvements
  
871,901
   
829,162
 
   
1,090,402
   
1,016,838
 
Accumulated depreciation
  
(195,020
)
  
(186,098
)
  
$
895,382
  
$
830,740
 
Purchase Price Allocation for Properties Acquired
The financial information set forth below summarizes the Company's purchase price allocation for the properties acquired during the fiscal year ended October 31, 2017 (in thousands).

  
Derby
  
Passaic
  
Fairfield
  
Waldwick
  
High Ridge
  
Chase
  
CVS
  
Dumont
 
Assets:
                        
Land
 
$
651
  
$
2,038
  
$
572
  
$
2,740
  
$
17,163
  
$
2,376
  
$
2,295
  
$
6,646
 
Building and improvements
 
$
7,652
  
$
5,614
  
$
1,323
  
$
5,528
  
$
43,640
  
$
1,458
  
$
2,700
  
$
15,341
 
In-place leases
 
$
771
  
$
480
  
$
80
  
$
203
  
$
1,552
  
$
121
  
$
181
  
$
1,478
 
Above market leases
 
$
-
  
$
-
  
$
1,090
  
$
37
  
$
335
  
$
288
  
$
-
  
$
20
 
                                 
Liabilities:
                                
In-place leases
 
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
  
$
-
 
Below Market Leases
 
$
-
  
$
769
  
$
-
  
$
157
  
$
263
  
$
-
  
$
373
  
$
844
 
Operating Results for Properties Acquired
The following table summarizes the operating results included in the Company's historical consolidated statements of income for the properties acquired during the fiscal year ended 2017 (in thousands).

 
Year Ended
October 31, 2017
 
   
Revenues
 
$
6,825
 
Net income attributable to Urstadt Biddle Properties Inc.
 
$
1,846
 
Purchase Price Adjustments for Properties Acquired
In fiscal 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