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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2011
Oct. 31, 2010
Oct. 31, 2009
Operating activities:      
Net income $ 6,713 $ 4,131 $ 6,673
Depreciation 6,109 6,053 5,870
Amortization 592 613 504
Net amortization of acquired leases 25 30 35
Changes in operating assets and liabilities:      
Tenants' security accounts 145 142 230
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets 296 (1,657) (670)
Accounts payable, accrued expenses and deferred trustee compensation plan 1,299 720 1,276
Tenants' security deposits (159) (179) (214)
Deferred revenue (219) 338 (344)
Net cash provided by operating activities 14,801 10,191 13,360
Investing activities:      
Capital improvements - existing properties (1,343) (1,855) (2,411)
Construction and pre-development costs (2,781) [1] (1,828) (7,914)
Redemption of (investment in) US Treasury Bills    4,549 (4,549)
Net cash (used in) provided by investing activities (4,124) 866 (14,874)
Financing activities:      
Repayment of mortgages (3,066) (21,319) (14,873)
Proceeds from mortgages and construction loans 1,574 23,500 24,522
Deferred financing costs (40) (507) (259)
Repurchase of Company stock-Treasury shares       (60)
Dividends paid (8,330) (8,331) (8,331)
Distributions from operations to noncontrolling interests (1,267) (1,022) (926)
Distributions from loan refinancing to noncontrolling interests    (3,360)   
Net cash (used in) provided by financing activities (11,129) (11,039) 73
Net (decrease) increase in cash and cash equivalents (452) 18 (1,441)
Cash and cash equivalents, beginning of year 6,769 6,751 8,192
Cash and cash equivalents, end of year 6,317 6,769 6,751
Supplemental disclosure of cash flow data:      
Interest paid, including capitalized construction period interest of $268 in fiscal 2009. Included in interest for fiscal 2010 is $2,105 in prepayment penalties related to early extinguishment of debt 10,721 12,943 10,421
Income taxes paid 2    5
Investing activities:      
Accrued capital expenditures, construction costs, pre-development costs and interest 2,651 40 2,465
Financing activities:      
Dividends declared but not paid $ 2,083 $ 2,083 $ 2,083
[1] Includes $1,000 that was incurred and accrued in fiscal 2009