Segment information (Tables)

9 Months Ended

Jul. 31, 2012

Segment Information Tables

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-common equity for the nine and three-month periods ended July 31, 2012 and 2011. Asset information is not reported since FREIT does not use this measure to assess performance.

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2012			2011			2012			2011
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	17,684		$	17,893		$	5,853		$	5,934
Residential		14,352			13,979			4,825			4,679
Total real estate revenue		32,036			31,872			10,678			10,613
Real estate operating expenses:
Commercial		7,239			7,198			2,421			2,246
Residential		6,407			6,130			2,123			1,917
Total real estate operating expenses		13,646			13,328			4,544			4,163
Net operating income:
Commercial		10,445			10,695			3,432			3,688
Residential		7,945			7,849			2,702			2,762
Total net operating income	$	18,390		$	18,544		$	6,134		$	6,450
Recurring capital improvements-residential	$	507		$	367		$	190		$	228
Reconciliation to consolidated net income:
Segment NOI	$	18,390		$	18,544		$	6,134		$	6,450
Deferred rents - straight lining		7			162			(3	)		72
Amortization of acquired leases		5			(18	)		(7	)		(6	)
Investment income		80			77			25			25
Insurance recovery		—			207			—			—
General and administrative expenses		(1,280	)		(1,189	)		(415	)		(393	)
Depreciation		(4,600	)		(4,531	)		(1,555	)		(1,528	)
Deferred project cost write-off, net of
income relating to early lease termination		(776	)		—			(2,236	)		—
Financing costs		(8,663	)		(8,572	)		(2,957	)		(2,860	)
Income (loss) from continuing operations		3,163			4,680			(1,014	)		1,760
Income from discontinued operations		275			207			123			74
Net income (loss)		3,438			4,887			(891	)		1,834
Net (income) loss attributable to noncontrolling interests		(525	)		(1,043	)		668			(329	)
Net income (loss) attributable to common equity	$	2,913		$	3,844		$	(223	)	$	1,505