ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Oct. 31, 2022

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Combined Operating Results Properties Included in Continuing Operations

The combined operating results of the Unionville Property, the Bloomfield Property, the Chester Property, the Newington Property, the Hillsdale Property, the Carmel Property and the sold portion of the Pompton Lakes property, which are included in continuing operations, were as follows (amounts in thousands):

	Year Ended October 31,
	2022			2021			2020
Revenues	$	54		$	1,125		$	2,024
Property operating expense		(26	)		(456	)		(573	)
Depreciation and amortization		(14	)		(132	)		(528	)
Net Income	$	14		$	537		$	923

Reconciliation between Basic and Diluted EPS

The following table sets forth the reconciliation between basic and diluted EPS (in thousands):

	Year Ended October 31,
	2022			2021			2020
Numerator
Net income applicable to common stockholders – basic	$	5,790		$	7,366		$	1,849
Effect of dilutive securities:
Restricted stock awards		187			190			34
Net income applicable to common stockholders – diluted	$	5,977		$	7,556		$	1,883
Denominator
Denominator for basic EPS-weighted average common shares		9,326			9,244			9,144
Effect of dilutive securities:
Restricted stock awards		455			364			241
Denominator for diluted EPS – weighted average common equivalent shares		9,781			9,608			9,385
Numerator
Net income applicable to Class A common stockholders – basic	$	20,264		$	26,267		$	6,684
Effect of dilutive securities:
Restricted stock awards		(187	)		(190	)		(34	)
Net income applicable to Class A common stockholders – diluted	$	20,077		$	26,077		$	6,650
Denominator
Denominator for basic EPS – weighted average Class A common shares		29,481			29,576			29,506
Effect of dilutive securities:
Restricted stock awards		196			177			70
Denominator for diluted EPS – weighted average Class A common equivalent shares		29,677			29,753			29,576

Major Customers by Reporting Segments

Segment information about Ridgeway as required by ASC Topic 280 is included below:

	Year Ended October 31,
	2022			2021			2020
Ridgeway Revenues		10.1	%		10.4	%		11.2	%
All Other Property Revenues		89.9	%		89.6	%		88.8	%
Consolidated Revenue		100.0	%		100.0	%		100.0	%

	Year Ended October 31,
	2022			2021
Ridgeway Assets		6.5	%		6.3	%
All Other Property Assets		93.5	%		93.7	%
Consolidated Assets (Note 1)		100.0	%		100.0	%

Note 1 - Ridgeway did not have any significant expenditures for additions to long-lived assets in any of the fiscal years ended October 31, 2022, 2021 and 2020.

	Year Ended October 31,
	2022			2021			2020
Ridgeway Percent Leased		98	%		92	%		92	%

	Year Ended October 31,
Ridgeway Significant Tenants (by base rent):	2022			2021			2020
The Stop & Shop Supermarket Company		21	%		21	%		20	%
Bed, Bath & Beyond		15	%		15	%		14	%
Marshall’s Inc., a division of the TJX Companies		11	%		11	%		10	%
All Other Tenants at Ridgeway (Note 2)		53	%		53	%		56	%
Total		100	%		100	%		100	%

Note 2 - No other tenant accounts for more than 10% of Ridgeway’s annual base rents in any of the three years presented.  Percentages are calculated as a ratio of the tenants' base rent divided by total base rent of Ridgeway.

Segment Reporting Information by Segment

	Year Ended October 31, 2022
Income Statement (In Thousands):	Ridgeway		All Other Operating Segments		Total Consolidated
Revenues	$	14,448	$	128,655	$	143,103
Operating Expenses	$	4,553	$	44,271	$	48,824
Interest Expense	$	1,603	$	11,572	$	13,175
Depreciation and Amortization	$	2,200	$	27,599	$	29,799
Income from Continuing Operations	$	6,092	$	37,182	$	43,274

	Year Ended October 31, 2021
	Ridgeway		All Other Operating Segments		Total Consolidated
Revenues	$	14,167	$	121,414	$	135,581
Operating Expenses	$	4,495	$	42,117	$	46,612
Interest Expense	$	1,632	$	11,455	$	13,087
Depreciation and Amortization	$	2,238	$	26,794	$	29,032
Income from Continuing Operations	$	5,802	$	45,126	$	50,928

	Year Ended October 31, 2020
	Ridgeway		All Other Operating Segments		Total Consolidated
Revenues	$	14,180	$	112,565	$	126,745
Operating Expenses	$	4,424	$	38,582	$	43,006
Interest Expense	$	1,673	$	11,835	$	13,508
Depreciation and Amortization	$	2,494	$	26,693	$	29,187
Income from Continuing Operations	$	5,589	$	20,481	$	26,070