Segment information (Tables)

9 Months Ended

Jul. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment and Related Information

Real estate rental revenue, operating expenses, NOI and recurring capital improvements for the reportable segments are summarized below and reconciled to condensed consolidated net income (loss) attributable to common equity for the nine and three month periods ended July 31, 2021 and 2020. Asset information is not reported since FREIT Maryland does not use this measure to assess performance.

	Nine Months Ended				Three Months Ended
	July 31,				July 31,
	2021		2020		2021		2020
	(In Thousands of Dollars)				(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	18,299	$	19,638	$	5,885	$	6,090
Residential		20,026		22,005		6,669		6,393
Total real estate rental revenue		38,325		41,643		12,554		12,483
Real estate operating expenses:
Commercial		8,346		8,810		2,535		2,914
Residential		8,232		8,997		2,842		2,649
Total real estate operating expenses		16,578		17,807		5,377		5,563
Net operating income:
Commercial		9,953		10,828		3,350		3,176
Residential		11,794		13,008		3,827		3,744
Total net operating income	$	21,747	$	23,836	$	7,177	$	6,920

Recurring capital improvements - residential $ (438 ) $ (353 ) $ (258 ) $ (127 )

Reconciliation to condensed consolidated net income (loss) attributable to common equity:
Segment NOI	$	21,747		$	23,836		$	7,177		$	6,920
Deferred rents - straight lining		(225	)		(213	)		(12	)		(334	)
Investment income		88			174			29			38
General and administrative expenses		(4,143	)		(3,061	)		(1,413	)		(1,233	)
Third party transaction costs		-			(4,606	)		-			(87	)
Gain on deconsolidation of subsidiary		-			27,680			-			-
Loss on investment in tenancy-in-common		(245	)		(96	)		(100	)		(78	)
Depreciation		(6,948	)		(7,887	)		(2,315	)		(2,425	)
Financing costs		(9,242	)		(11,032	)		(3,050	)		(3,121	)
Net income (loss)		1,032			24,795			316			(320	)
Net (income) loss attributable to noncontrolling interests in subsidiaries		(256	)		(18	)		(107	)		139
Net income (loss) attributable to common equity	$	776		$	24,777		$	209		$	(181	)