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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data
3 Months Ended 9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Jul. 31, 2011
Jul. 31, 2010
Revenue:        
Rental income $ 9,503 $ 9,184 $ 28,456 $ 28,306
Reimbursements 1,323 1,568 3,911 4,458
Sundry income 109 95 395 292
Totals 10,935 10,847 32,762 33,056
Expenses:        
Operating expenses 2,547 2,783 8,254 9,042
Management fees 482 475 1,444 1,448
Real estate taxes 1,649 1,666 4,970 4,981
Depreciation 1,538 1,492 4,560 4,556
Totals 6,216 6,416 19,228 20,027
Operating income 4,719 4,431 13,534 13,029
Investment income 25 29 77 95
Interest expense including amortization of deferred financing costs (2,910) (2,922) (8,724) (8,703)
Net income 1,834 1,538 4,887 4,421
Net income attributable to noncontrolling interests in subsidiaries (329) (162) (1,043) (743)
Net income attributable to common equity $ 1,505 $ 1,376 $ 3,844 $ 3,678
Earnings per share (attributable to common equity):        
Basic $ 0.22 $ 0.20 $ 0.55 $ 0.53
Weighted average shares outstanding 6,942 6,942 6,942 6,942