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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Revenues        
Base rents $ 24,537 $ 24,668 $ 74,243 $ 72,162
Recoveries from tenants 7,839 7,074 24,664 23,390
Gain (Loss) on Contract Termination 178 36 194 3,790
Other 1,995 1,031 4,196 3,467
Total Revenues 34,549 32,809 103,297 102,809
Expenses        
Property operating 4,955 4,804 16,670 16,850
Property taxes 5,885 5,300 17,603 15,604
Depreciation and amortization 7,001 7,370 20,926 21,287
General and administrative 2,230 2,322 7,149 7,024
Provision for tenant credit losses 223 302 719 674
Directors' fees and expenses 73 79 265 267
Total Operating Expenses 20,367 20,177 63,332 61,706
Operating Income 14,182 12,632 39,965 41,103
Non-Operating Income (Expense):        
Interest expense (3,497) (3,439) (10,607) (10,178)
Equity in net income from unconsolidated joint ventures 289 483 1,007 1,710
Marketable Securities, Realized Gain (Loss) 0 0 403 0
Gain or (Loss) on sale of property 409 0 409 0
Interest, dividends and other investment income 44 104 228 246
Net Income 11,427 9,780 31,405 32,881
Noncontrolling interests:        
Net income attributable to noncontrolling interests (1,094) (1,138) (3,295) (3,595)
Net income attributable to Urstadt Biddle Properties Inc. 10,333 8,642 28,110 29,286
Preferred stock dividends (3,063) (3,063) (9,188) (9,188)
Net Income Applicable to Common and Class A Common Stockholders 7,270 5,579 18,922 20,098
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 1,531 $ 1,148 $ 3,983 $ 4,136
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.17 $ 0.13 $ 0.45 $ 0.48
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.17 0.13 0.44 0.47
Dividends Per Share:        
Common (in dollars per share) $ 0.245 $ 0.24 $ 0.735 $ 0.72
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 5,739 $ 4,431 $ 14,939 $ 15,962
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.19 $ 0.15 $ 0.51 $ 0.54
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.19 0.15 0.50 0.53
Dividends Per Share:        
Common (in dollars per share) $ 0.275 $ 0.27 $ 0.825 $ 0.81