Mortgages, notes payable and credit line (Tables)

12 Months Ended

Oct. 31, 2012

Debt Disclosure [Abstract]

Schedule of debt

	October 31,
	2012		2011
	(In Thousands of Dollars)
Frederick, MD (A)	$	22,000	$	22,000
Rockaway, NJ (B)		18,828		19,197
Westwood, NJ (C)		8,032		8,307
Spring Lake Heights, NJ (D)		—		2,911
Patchogue, NY (E)		5,623		5,713
Wayne, NJ (F)		19,248		19,501
River Edge, NJ (G):
First mortgage		4,098		4,235
Second mortgage		1,557		1,617
Maywood, NJ (H):
First mortgage		2,974		3,073
Second mortgage		1,105		1,147
Westwood, NJ (I)		22,774		23,144
Wayne, NJ (J)		27,697		28,482
Hackensack, NJ (K)		32,364		32,901
Total fixed rate mortgage loans		166,300		172,228
Baltimore, MD (L)		19,070		19,290
Damascus, MD - Construction Loan (M)		15,050		11,757
Total  mortgages and notes payable	$	200,420	$	203,275

Schedule of estimated fair value and carrying value of long-term debt

The following table shows the estimated fair value and carrying value of FREIT’s long-term debt at October 31, 2012 and 2011:

	October 31,		October 31,
($ in Millions)	2012		2011
Fair Value	$	213.2	$	213.9
Carrying Value	$	200.4	$	203.3

Schedule of principal amounts of long-term debt

Principal amounts (in thousands of dollars) due under the above obligations (assuming no additional principal payment for the Rotunda) in each of the five years subsequent to October 31, 2012 are as follows: 

Year Ending October 31,	Amount
2013	$	30,020	*
2014	$	12,086
2015	$	2,836
2016	$	27,118
2017	$	24,116
* Exclusive of $15.0 million related to the October 31, 2012 balance of the Damascus construction loan, due February 2013. On December 26, 2012, Damascus Centre, LLC refinanced its $15.0 million construction loan with a new mortgage loan. The amount of the new loan is $20 million and matures on January 3, 2023.