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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Revenues        
Lease income $ 34,656 $ 31,795 $ 68,743 $ 64,278
Lease termination 32 0 60 705
Other 1,312 1,131 2,752 2,220
Total Revenues 36,000 32,926 71,555 67,203
Expenses        
Property operating 6,447 6,135 13,449 12,449
Property taxes 5,888 5,915 11,811 11,776
Depreciation and amortization 7,572 7,192 14,716 14,710
General and administrative 2,508 2,093 5,188 4,737
Directors' fees and expenses 94 89 201 198
Total Operating Expenses 22,509 21,424 45,365 43,870
Operating Income 13,491 11,502 26,190 23,333
Non-Operating Income (Expense):        
Interest expense (3,262) (3,341) (6,564) (6,733)
Equity in net income from unconsolidated joint ventures 323 310 590 660
Gain (loss) on sale of properties 766 434 768 406
Interest, dividends and other investment income 106 53 161 96
Net Income 11,424 8,958 21,145 17,762
Noncontrolling interests:        
Net income attributable to noncontrolling interests (903) (925) (1,814) (1,837)
Net income attributable to Urstadt Biddle Properties Inc. 10,521 8,033 19,331 15,925
Preferred stock dividends (3,412) (3,412) (6,825) (6,825)
Net Income Applicable to Common and Class A Common Stockholders 7,109 4,621 12,506 9,100
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 1,574 $ 1,009 $ 2,768 $ 1,986
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.17 $ 0.11 $ 0.30 $ 0.21
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.17 0.11 0.29 0.21
Dividends Per Share:        
Common (in dollars per share) $ 0.2145 $ 0.125 $ 0.429 $ 0.25
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 5,535 $ 3,612 $ 9,738 $ 7,114
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.19 $ 0.12 $ 0.33 $ 0.24
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.18 0.12 0.32 0.24
Dividends Per Share:        
Common (in dollars per share) $ 0.2375 $ 0.14 $ 0.475 $ 0.28