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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Revenues        
Lease income $ 26,855,000 $ 32,457,000 $ 90,003,000 $ 99,067,000
Lease termination 112,000 177,000 460,000 194,000
Other 1,832,000 1,758,000 3,964,000 3,504,000
Total Revenues 28,799,000 34,392,000 94,427,000 102,765,000
Expenses        
Property operating 4,355,000 5,020,000 15,085,000 16,855,000
Property taxes 5,897,000 5,885,000 17,615,000 17,603,000
Depreciation and amortization 7,304,000 7,002,000 21,587,000 20,928,000
General and administrative 2,111,000 2,230,000 8,495,000 7,149,000
Directors' fees and expenses 94,000 73,000 287,000 265,000
Total Operating Expenses 19,761,000 20,210,000 63,069,000 62,800,000
Operating Income 9,038,000 14,182,000 31,358,000 39,965,000
Non-Operating Income (Expense):        
Interest expense (3,475,000) (3,497,000) (10,123,000) (10,607,000)
Equity in net income from unconsolidated joint ventures 184,000 289,000 1,160,000 1,007,000
Unrealized holding gains arising during the periods (109,000) 0 0 0
Gain on sale of marketable securities 258,000 0 258,000 403,000
Gain (loss) on sale of property 0 409,000 (328,000) 409,000
Interest, dividends and other investment income 27,000 44,000 359,000 228,000
Net Income 5,923,000 11,427,000 22,684,000 31,405,000
Noncontrolling interests:        
Net income attributable to noncontrolling interests (935,000) (1,094,000) (3,001,000) (3,295,000)
Net income attributable to Urstadt Biddle Properties Inc. 4,988,000 10,333,000 19,683,000 28,110,000
Preferred stock dividends (3,412,000) (3,063,000) (10,237,000) (9,188,000)
Net Income Applicable to Common and Class A Common Stockholders 1,576,000 7,270,000 9,446,000 18,922,000
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 342,000 $ 1,531,000 $ 2,047,000 $ 3,983,000
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.04 $ 0.17 $ 0.22 $ 0.45
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.04 0.17 0.22 0.44
Dividends Per Share:        
Common (in dollars per share) $ 0.0625 $ 0.245 $ 0.5625 $ 0.735
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 1,234,000 $ 5,739,000 $ 7,399,000 $ 14,939,000
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.04 $ 0.19 $ 0.25 $ 0.51
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.04 0.19 0.25 0.50
Dividends Per Share:        
Common (in dollars per share) $ 0.07 $ 0.275 $ 0.63 $ 0.825