Segment information (Tables)

12 Months Ended

Oct. 31, 2012

Segment Information Tables

Schedule of segment and related information

	October 31,
	2012			2011			2010
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	23,383		$	24,117		$	24,713
Residential		19,126			18,712			18,192
Totals		42,509			42,829			42,905
Real estate operating expenses:
Commercial		9,526			9,561			9,702
Residential		8,666			8,091			8,456
Totals		18,192			17,652			18,158
Net operating income:
Commercial		13,857			14,556			15,011
Residential		10,460			10,621			9,736
Totals	$	24,317		$	25,177		$	24,747
Recurring capital improvements-
residential	$	723		$	433		$	334
Reconciliation to consolidated net
income-common equity:
Segment NOI	$	24,317		$	25,177		$	24,747
Deferred rents - straight lining		17			242			240
Amortization of acquired above and below
market value leases		(2	)		(25	)		(30	)
Net investment income		173			101			122
General and administrative expenses		(1,624	)		(1,543	)		(1,567	)
Depreciation		(6,186	)		(6,070	)		(5,996	)
Deferred project cost write-off, net of
income relating to early lease termination		(776	)		—			—
Financing costs		(11,704	)		(11,452	)		(13,608	)*
Income from continuing operations		4,215			6,430			3,908
Income from discontinued operation		253			283			223
Gain on sale of discontinued operation, net of tax		7,528			—			—
Net income		11,996			6,713			4,131
Net (income) loss attributable to
noncontrolling interests in subsidiaries		(645	)		(1,335	)		280
Net income attributable to common equity	$	11,351		$	5,378		$	4,411
* Includes $2.1 million in prepayment penalties relating to the early debt extinguishment.