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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Oct. 31, 2022
Oct. 31, 2021
Oct. 31, 2020
Cash Flows from Operating Activities:      
Net Income $ 43,274,000 $ 50,928,000 $ 26,070,000
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 29,799,000 29,032,000 29,187,000
Straight-line rent adjustment (241,000) 2,396,000 (2,641,000)
Provisions for tenant credit losses 23,000 3,540,000 6,244,000
(Gain) on sale of marketable securities 0 0 (258,000)
Restricted stock compensation expense and other adjustments 3,677,000 3,909,000 5,448,000
Deferred compensation arrangement (7,000) 41,000 (33,000)
(Gain) loss on sale of properties (767,000) (11,864,000) 6,047,000
Equity in net (income) of unconsolidated joint ventures (1,397,000) (1,323,000) (1,433,000)
Distributions of operating income from unconsolidated joint ventures 1,397,000 1,323,000 1,433,000
Changes in operating assets and liabilities:      
Tenant receivables 1,135,000 (3,796,000) (6,715,000)
Accounts payable and accrued expenses 691,000 1,006,000 609,000
Other assets and other liabilities, net 167,000 (1,523,000) (2,075,000)
Net Cash Flow Provided by Operating Activities 77,751,000 73,669,000 61,883,000
Cash Flows from Investing Activities:      
Acquisitions of real estate investments (35,671,000) 0 0
Deposits on acquisition of real estate investments 0 (10,000) (1,030,000)
Return of deposits on real estate investments 0 500,000 530,000
Improvements to properties and deferred charges (15,572,000) (15,463,000) (22,336,000)
Net proceeds from sale of properties 4,399,000 16,707,000 3,732,000
Purchases of securities available for sale 0 (955,000) (6,983,000)
Proceeds from the sale of available for sale securities 0 0 7,240,000
Investment in note receivable   (1,738,000) 0
Proceeds from Sale and Collection of Mortgage Notes Receivable 409,000    
Return of capital from unconsolidated joint ventures 2,203,000 514,000 27,000
Net Cash Flow Provided by/(Used in) Investing Activities (44,232,000) (445,000) (18,820,000)
Cash Flows from Financing Activities:      
Dividends paid - Common and Class A Common Stock (37,263,000) (29,025,000) (30,018,000)
Dividends paid - Preferred Stock (13,650,000) (13,650,000) (14,188,000)
Amortization payments on mortgage notes payable (7,389,000) (6,888,000) (7,089,000)
Proceeds from mortgage note payable and other loans 46,000,000 39,238,000 0
Repayment of mortgage notes payable and other loans (32,412,000) (34,645,000) 0
Proceeds from revolving credit line borrowings 40,500,000 0 35,000,000
Sales of additional shares of Common and Class A Common Stock 197,000 148,000 149,000
Repayments on revolving credit line borrowings (10,000,000) (35,000,000) 0
Acquisitions of noncontrolling interests (3,897,000) (5,126,000) (758,000)
Distributions to noncontrolling interests (3,570,000) (3,645,000) (3,887,000)
Repurchase of shares of Class A Common Stock (20,536,000) (1,049,000) 0
Payment of taxes on shares withheld for employee taxes (590,000) (320,000) (573,000)
Net proceeds from issuance of Preferred Stock 0 0 17,000
Redemption of preferred stock 0 0 (75,000,000)
Net Cash Flow Provided by (Used in) Financing Activities (42,610,000) (89,962,000) (96,347,000)
Net Increase/(Decrease) In Cash and Cash Equivalents (9,091,000) (16,738,000) (53,284,000)
Cash and Cash Equivalents at Beginning of Year 24,057,000 40,795,000 94,079,000
Cash and Cash Equivalents at End of Year $ 14,966,000 $ 24,057,000 $ 40,795,000