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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2016
Revenues      
Base rents $ 95,902 $ 88,383 $ 87,172
Recoveries from tenants 31,144 28,676 25,788
Lease termination 3,795 2,432 619
Other 4,511 4,069 3,213
Total Revenues 135,352 123,560 116,792
Expenses      
Property operating 22,009 20,074 18,717
Property taxes 21,167 19,621 18,548
Depreciation and amortization 28,324 26,512 23,025
General and administrative 9,223 9,183 9,284
Provision for tenant credit losses 859 583 1,161
Acquisition costs 0 0 412
Directors' fees and expenses 344 321 318
Total Operating Expenses 81,926 76,294 71,465
Operating Income 53,426 47,266 45,327
Non-Operating Income (Expense):      
Interest expense (13,678) (12,981) (12,983)
Equity in net income from unconsolidated joint ventures 2,085 2,057 2,019
Interest, dividends and other investment income 350 356 242
Gain on sale of properties 0 18,734 0
Net Income 42,183 55,432 34,605
Noncontrolling interests:      
Net income attributable to noncontrolling interests (4,716) (2,499) (889)
Net income attributable to Urstadt Biddle Properties Inc. 37,467 52,933 33,716
Preferred stock dividends (12,250) (14,960) (14,280)
Redemption of preferred stock 0 (4,075) 0
Net Income Applicable to Common and Class A Common Stockholders 25,217 33,898 19,436
Common Stock [Member]      
Noncontrolling interests:      
Net Income Applicable to Common and Class A Common Stockholders $ 5,173 $ 6,857 $ 4,142
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 0.61 $ 0.82 $ 0.50
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 0.60 $ 0.80 $ 0.49
Class A Common Stock [Member]      
Noncontrolling interests:      
Net Income Applicable to Common and Class A Common Stockholders $ 20,044 $ 27,041 $ 15,294
Basic Earnings Per Share:      
Basic earnings per share (in dollars per share) $ 0.68 $ 0.92 $ 0.57
Diluted Earnings Per Share:      
Diluted earnings per share (in dollars per share) $ 0.67 $ 0.90 $ 0.56