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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Revenues      
Lease income $ 137,660,000 $ 130,364,000 $ 120,941,000
Lease termination 721,000 967,000 705,000
Other 4,722,000 4,250,000 5,099,000
Total Revenues 143,103,000 135,581,000 126,745,000
Expenses      
Property operating 25,124,000 22,938,000 19,542,000
Property taxes 23,700,000 23,674,000 23,464,000
Depreciation and amortization 29,799,000 29,032,000 29,187,000
General and administrative 9,934,000 8,985,000 10,643,000
Directors' fees and expenses 500,000 355,000 373,000
Total Operating Expenses 89,057,000 84,984,000 83,209,000
Operating Income 54,046,000 50,597,000 43,536,000
Non-Operating Income (Expense):      
Interest expense (13,175,000) (13,087,000) (13,508,000)
Equity in net income from unconsolidated joint ventures 1,397,000 1,323,000 1,433,000
Gain on sale of marketable securities 0 0 258,000
Interest, dividends and other investment income 239,000 231,000 398,000
Gain (loss) on sale of properties 767,000 11,864,000 (6,047,000)
Net Income 43,274,000 50,928,000 26,070,000
Noncontrolling interests:      
Net income attributable to noncontrolling interests (3,570,000) (3,645,000) (3,887,000)
Net income attributable to Urstadt Biddle Properties Inc. 39,704,000 47,283,000 22,183,000
Preferred stock dividends (13,650,000) (13,650,000) (13,650,000)
Net Income Applicable to Common and Class A Common Stockholders 26,054,000 33,633,000 8,533,000
Common Stock [Member]      
Noncontrolling interests:      
Net Income Applicable to Common and Class A Common Stockholders $ 5,790,000 $ 7,366,000 $ 1,849,000
Basic Earnings Per Share:      
Per Common Share (in dollars per share) $ 0.62 $ 0.8 $ 0.2
Diluted Earnings Per Share:      
Per Common Share (in dollars per share) $ 0.61 $ 0.79 $ 0.2
Class A Common Stock [Member]      
Noncontrolling interests:      
Net Income Applicable to Common and Class A Common Stockholders $ 20,264,000 $ 26,267,000 $ 6,684,000
Basic Earnings Per Share:      
Per Common Share (in dollars per share) $ 0.69 $ 0.89 $ 0.23
Diluted Earnings Per Share:      
Per Common Share (in dollars per share) $ 0.68 $ 0.88 $ 0.22