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Dividends and earnings per share	12 Months Ended
Oct. 31, 2011
Dividends And Earnings Per Share
Dividends and earnings per share	Note 7- Dividends and earnings per share: FREIT declared dividends of $8,330,000 ($1.20 per share), $8,331,000 ($1.20 per share) and $8,331,000 ($1.20 per share) to shareholders of record during Fiscal 2011, 2010 and 2009, respectively. Basic earnings per share is calculated by dividing net income by the weighted average number of shares outstanding during each period. The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator is increased to include the number of additional shares which would have been outstanding if all potentially dilutive shares, such as those issuable upon the exercise of stock options and warrants had been issued during the period. Since FREIT does not have any dilutive securities, only basic earnings per share is presented for the fiscal years ended October 31, 2011, 2010 and 2009.

Dividends and earnings per share

12 Months Ended

Oct. 31, 2011

Note 7- Dividends and earnings per share:

FREIT declared dividends of $8,330,000 ($1.20 per share), $8,331,000 ($1.20 per share) and $8,331,000 ($1.20 per share) to shareholders of record during Fiscal 2011, 2010 and 2009, respectively.

Basic earnings per share is calculated by dividing net income by the weighted average number of shares outstanding during each period. The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator is increased to include the number of additional shares which would have been outstanding if all potentially dilutive shares, such as those issuable upon the exercise of stock options and warrants had been issued during the period.

Since FREIT does not have any dilutive securities, only basic earnings per share is presented for the fiscal years ended October 31, 2011, 2010 and 2009.