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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Jul. 31, 2012
Jul. 31, 2011
Operating activities:    
Net income $ 3,438 $ 4,887
Depreciation 4,626 4,560
Amortization 466 435
Net amortization of acquired leases (5) 18
Income from early lease termination (2,950)   
Deferred project cost write-off 3,726   
Changes in operating assets and liabilities:    
Tenants' security accounts 45 59
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets 269 565
Accounts payable, accrued expenses and deferred trustee compensation 949 973
Tenants' security deposits (20) (78)
Deferred revenue (126) (281)
Net cash provided by operating activities 10,418 11,138
Investing activities:    
Capital improvements - existing properties (1,334) (940)
Construction and pre-development costs (3,585) [1] (1,192) [2]
Net cash used in investing activities (4,919) (2,132)
Financing activities:    
Repayment of mortgages (2,628) (2,290)
Proceeds from construction loans 2,838 254
Deferred financing costs (73) (40)
Dividends paid (6,248) (6,248)
Distributions to noncontrolling interests (745) (1,144)
Net cash used in financing activities (6,856) (9,468)
Net decrease in cash and cash equivalents (1,357) (462)
Cash and cash equivalents, beginning of period 6,317 6,769
Cash and cash equivalents, end of period 4,960 6,307
Supplemental disclosure of cash flow data:    
Interest paid 7,719 8,046
Income taxes paid    2
Investing activities:    
Accrued capital expenditures, construction costs, pre-development costs and interest 248 401
Financing activities:    
Dividends declared but not paid $ 2,083 $ 2,083
[1] Includes $2,256 incurred and accrued in fiscal 2011; paid in fiscal 2012.
[2] Includes $1,000 incurred and accrued in fiscal 2009; paid in fiscal 2011.