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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Apr. 30, 2012
Apr. 30, 2011
Operating activities:    
Net income $ 4,329 $ 3,053
Depreciation 3,063 3,021
Amortization 295 290
Net amortization of acquired leases (12) 12
Income from early lease termination (2,950)   
Deferred project cost write-off 1,490   
Changes in operating assets and liabilities:    
Tenants' security accounts 18 97
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets 760 888
Accounts payable, accrued expenses and deferred trustee compensation plan 579 709
Tenants' security deposits 10 (61)
Deferred revenue (85) (396)
Net cash provided by operating activities 7,497 7,613
Investing activities:    
Capital improvements - existing properties (874) (572)
Construction and pre-development costs (2,984) [1] (1,108) [2]
Net cash used in investing activities (3,858) (1,680)
Financing activities:    
Repayment of mortgages (1,746) (1,518)
Proceeds from construction loans 2,838   
Deferred financing costs (72) (40)
Dividends paid (4,165) (4,165)
Distributions to noncontrolling interests (505) (764)
Net cash used in financing activities (3,650) (6,487)
Net decrease in cash and cash equivalents (11) (554)
Cash and cash equivalents, beginning of period 6,317 6,769
Cash and cash equivalents, end of period 6,306 6,215
Supplemental disclosure of cash flow data:    
Interest paid 5,227 5,367
Investing activities:    
Accrued capital expenditures, construction costs, pre-development costs and interest 2 75
Financing activities:    
Dividends declared but not paid $ 2,083 $ 2,083
[1] Includes $2,227 incurred and accrued in fiscal 2011; paid in fiscal 2012.
[2] Includes $1,000 incurred and accrued in fiscal 2009; paid in fiscal 2011.