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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Revenues        
Lease income $ 33,893 $ 33,051 $ 102,636 $ 97,329
Lease termination 631 96 691 801
Other 960 1,183 3,712 3,403
Total Revenues 35,484 34,330 107,039 101,533
Expenses        
Property operating 5,514 5,284 18,915 17,733
Property taxes 5,976 6,009 17,787 17,785
Depreciation and amortization 7,644 7,063 22,360 21,773
General and administrative 2,485 2,139 7,673 6,876
Directors' fees and expenses 82 79 283 277
Total Operating Expenses 21,701 20,574 67,018 64,444
Operating Income 13,783 13,756 40,021 37,089
Non-Operating Income (Expense):        
Interest expense (3,186) (3,329) (9,750) (10,062)
Equity in net income from unconsolidated joint ventures 224 365 814 1,025
Gain (loss) on sale of properties 0 11,808 768 12,214
Interest, dividends and other investment income 103 75 216 171
Net Income 10,924 22,675 32,069 40,437
Noncontrolling interests:        
Net income attributable to noncontrolling interests (881) (887) (2,695) (2,724)
Net income attributable to Urstadt Biddle Properties Inc. 10,043 21,788 29,374 37,713
Preferred stock dividends (3,413) (3,413) (10,238) (10,238)
Net Income Applicable to Common and Class A Common Stockholders 6,630 18,375 19,136 27,475
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 1,469 $ 4,035 $ 4,237 $ 6,013
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.16 $ 0.44 $ 0.45 $ 0.65
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.15 0.43 0.45 0.64
Dividends Per Share:        
Common (in dollars per share) $ 0.2145 $ 0.207 $ 0.6435 $ 0.457
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 5,161 $ 14,340 $ 14,899 $ 21,462
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.17 $ 0.48 $ 0.50 $ 0.73
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.17 0.48 0.50 0.72
Dividends Per Share:        
Common (in dollars per share) $ 0.2375 $ 0.23 $ 0.7125 $ 0.51