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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Revenues        
Base rents $ 24,668 $ 22,074 $ 72,162 $ 64,863
Recoveries from tenants 7,074 6,753 23,390 20,979
Lease termination income 36 2,148 3,790 2,431
Mortgage interest and other income 1,031 899 3,467 2,558
Total Revenues 32,809 31,874 102,809 90,831
Expenses        
Property operating 4,804 3,989 16,850 14,635
Property taxes 5,300 4,891 15,604 14,474
Depreciation and amortization 7,370 6,678 21,287 19,442
General and administrative 2,322 2,226 7,024 6,893
Provision for tenant credit losses 302 69 674 429
Directors' fees and expenses 79 74 267 240
Total Operating Expenses 20,177 17,927 61,706 56,113
Operating Income 12,632 13,947 41,103 34,718
Non-Operating Income (Expense):        
Interest expense (3,439) (3,284) (10,178) (9,800)
Equity in net income from unconsolidated joint ventures 483 439 1,710 1,478
Interest, dividends and other investment income 104 199 246 568
Income Before Gain (loss) on Sale of Properties 9,780 11,301 32,881 26,964
Gain (loss) on sale of properties 0 (688) 0 18,772
Net Income 9,780 10,613 32,881 45,736
Noncontrolling interests:        
Net income attributable to noncontrolling interests (1,138) (982) (3,595) (1,451)
Net income attributable to Urstadt Biddle Properties Inc. 8,642 9,631 29,286 44,285
Preferred stock dividends (3,063) (3,570) (9,188) (10,711)
Net Income Applicable to Common and Class A Common Stockholders 5,579 6,061 20,098 33,574
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 1,148 $ 1,226 $ 4,136 $ 6,792
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.13 $ 0.15 $ 0.48 $ 0.81
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.13 0.14 0.47 0.79
Dividends Per Share:        
Common (in dollars per share) $ 0.24 $ 0.235 $ 0.72 $ 0.705
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 4,431 $ 4,835 $ 15,962 $ 26,782
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.15 $ 0.16 $ 0.54 $ 0.91
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.15 0.16 0.53 0.90
Dividends Per Share:        
Common (in dollars per share) $ 0.27 $ 0.265 $ 0.81 $ 0.795