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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Cash Flows from Operating Activities:      
Net income $ 55,432 $ 34,605 $ 50,212
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,512 23,025 22,435
Straight-line rent adjustment (507) (1,902) (1,551)
Provisions for tenant credit losses 583 1,161 1,271
Restricted stock compensation expense and other adjustments 3,956 4,442 4,201
Deferred compensation arrangement (35) (26) (31)
Gain on sale of properties (18,734) 0 (20,377)
Equity in net (income) of unconsolidated joint ventures (2,057) (2,019) (1,941)
Proceeds from Equity Method Investment, Distribution 2,057 2,019 1,941
Changes in operating assets and liabilities:      
Tenant receivables (825) 4,203 (2,033)
Accounts payable and accrued expenses 3,635 1,464 530
Other assets and other liabilities, net (6,740) (5,057) (1,548)
Restricted Cash (282) 166 (68)
Net Cash Flow Provided by Operating Activities 62,995 62,081 53,041
Cash Flows from Investing Activities:      
Acquisitions of real estate investments (30,599) (58,737) (136,304)
Investments in and advances to unconsolidated joint ventures (158) (700) (247)
Investment in mortgage note 0 (13,500) 0
Return of investments in and advances to unconsolidated joint ventures 13,500 0 0
Deposits on acquisition of real estate investments (715) (750) (695)
Returns of deposits on real estate investments 500 640 627
Improvements to properties and deferred charges (9,676) (21,462) (12,175)
Net proceeds from sale of properties 45,438 0 43,806
Deposits received on sale of property 0 11,900 0
Distributions to noncontrolling interests (2,499) (889) (1,990)
Return of capital from unconsolidated joint ventures 471 1,426 3
Net Cash Flow (Used in) Investing Activities 16,262 (82,072) (106,975)
Cash Flows from Financing Activities:      
Dividends paid - Common and Class A Common Stock (40,596) (37,092) (35,387)
Dividends paid - Preferred Stock (14,960) (14,280) (14,605)
Principal repayments on mortgage notes payable (6,776) (20,744) (12,909)
Proceeds from Issuance of First Mortgage Bond 50,000 33,663 68,219
Repayments of First Mortgage Bond (43,675) 0 0
Proceeds from revolving credit line borrowings 52,000 52,000 104,750
Repayment of term loan borrowing 0 0 (25,000)
Sales of additional shares of Common and Class A Common Stock 200 73,842 59,983
Repayment of revolving credit line borrowings (56,000) (66,750) (97,550)
Repurchase of shares of Class A Common Stock 0 0 (3,363)
Net proceeds from issuance of Preferred Stock 111,328 0 4,640
Redemption of preferred stock including restricted cash (129,375) 0 (61,250)
Net Cash Flow Provided by (Used in) Financing Activities (77,854) 20,639 (12,472)
Net Increase/(Decrease) In Cash and Cash Equivalents 1,403 648 (66,406)
Cash and Cash Equivalents at Beginning of Year 7,271 6,623 73,029
Cash and Cash Equivalents at End of Year $ 8,674 $ 7,271 $ 6,623