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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2016
Cash Flows from Operating Activities:      
Net income $ 42,183 $ 55,432 $ 34,605
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 28,324 26,512 23,025
Straight-line rent adjustment (957) (507) (1,902)
Provisions for tenant credit losses 859 583 1,161
Restricted stock compensation expense and other adjustments 4,085 3,956 4,442
Deferred compensation arrangement (24) (35) (26)
Gain on sale of properties 0 (18,734) 0
Equity in net (income) of unconsolidated joint ventures (2,085) (2,057) (2,019)
Distributions of operating income from unconsolidated joint ventures 2,085 2,057 2,019
Changes in operating assets and liabilities:      
Tenant receivables (956) (825) 4,203
Accounts payable and accrued expenses 161 3,635 1,464
Other assets and other liabilities, net (1,857) (6,740) (5,057)
Restricted Cash (234) (282) 166
Net Cash Flow Provided by Operating Activities 71,584 62,995 62,081
Cash Flows from Investing Activities:      
Acquisitions of real estate investments (6,910) (30,599) (58,737)
Investments in and advances to unconsolidated joint ventures 0 (158) (700)
Acquisitions of noncontrolling interests (1,220) 0 0
Investment in mortgage note 0 0 (13,500)
Repayment of mortgage note 0 13,500 0
Deposits on acquisition of real estate investments (1,000) (715) (750)
Returns of deposits on real estate investments 0 500 640
Improvements to properties and deferred charges (8,184) (9,676) (21,462)
Net proceeds from sale of properties 0 45,438 0
Deposits received on sale of property 0 0 11,900
Purchases of securities available for sale (4,999) 0 0
Distributions to noncontrolling interests (4,716) (2,499) (889)
Return of capital from unconsolidated joint ventures 553 471 1,426
Net Cash Flow Provided by (Used in) Investing Activities (26,476) 16,262 (82,072)
Cash Flows from Financing Activities:      
Dividends paid - Common and Class A Common Stock (41,626) (40,596) (37,092)
Dividends paid - Preferred Stock (12,250) (14,960) (14,280)
Amortization payments on mortgage notes payable (6,427) (6,776) (20,744)
Proceeds from mortgage note payable and other loans 10,000 50,000 33,663
Repayment of mortgage notes payable and other loans (17,624) (43,675) 0
Proceeds from revolving credit line borrowings 33,595 52,000 52,000
Sales of additional shares of Common and Class A Common Stock 196 200 73,842
Repayment of revolving credit line borrowings (9,000) (56,000) (66,750)
Repurchase of shares of Class A Common Stock (120) 0 0
Shares withheld for employee taxes (241) 0 0
Net proceeds from issuance of Preferred Stock 0 111,328 0
Redemption of preferred stock including restricted cash 0 (129,375) 0
Net Cash Flow Provided by (Used in) Financing Activities (43,497) (77,854) 20,639
Net Increase In Cash and Cash Equivalents 1,611 1,403 648
Cash and Cash Equivalents at Beginning of Year 8,674 7,271 6,623
Cash and Cash Equivalents at End of Year $ 10,285 $ 8,674 $ 7,271