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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2012
Oct. 31, 2011
Oct. 31, 2010
Operating activities:      
Net income $ 11,996 $ 6,713 $ 4,131
Depreciation 6,215 6,109 6,053
Amortization 669 592 613
Net amortization of acquired leases 2 25 30
Income from early lease termination (2,950)      
Deferred project cost write-off 3,726      
Gain on sale of discontinued operation, net of tax (7,528)      
Changes in operating assets and liabilities:      
Tenants' security accounts 201 145 142
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets (324) 296 (1,657)
Accounts payable, accrued expenses and deferred trustee compensation 1,541 1,299 720
Tenants' security deposits (184) (159) (179)
Deferred revenue (239) (219) 338
Net cash provided by operating activities 13,125 14,801 10,191
Investing activities:      
Capital improvements - existing properties (2,114) (1,343) (1,855)
Construction and pre-development costs (3,999) [1] (2,781) [2] (1,828)
Proceeds from sale of discontinued operation 9,908      
Redemption of US Treasury Bills       4,549
Net cash provided by (used in) investing activities 3,795 (4,124) 866
Financing activities:      
Repayment of mortgages (6,337) (3,066) (21,319)
Proceeds from mortgages and construction loans 3,085 1,574 23,500
Deferred financing costs (210) (40) (507)
Dividends paid (8,331) (8,330) (8,331)
Distributions from operations to noncontrolling interests (834) (1,267) (1,022)
Distributions from loan refinancing to noncontrolling interests       (3,360)
Net cash used in financing activities (12,627) (11,129) (11,039)
Net increase (decrease) in cash and cash equivalents 4,293 (452) 18
Cash and cash equivalents, beginning of year 6,317 6,769 6,751
Cash and cash equivalents, end of period 10,610 6,317 6,769
Supplemental disclosure of cash flow data:      
Interest paid. Included in interest for fiscal 2010 is $2,105 in prepayment penalties related to early extinguishment of debt. 10,526 10,721 12,943
Income taxes paid    2   
Investing activities:      
Accrued capital expenditures, construction costs, pre-development costs and interest 747 2,651 40
Financing activities:      
Dividends declared but not paid $ 1,389 $ 2,083 $ 2,083
[1] Includes $2,256 that was incurred and accrued in fiscal 2011; paid in fiscal 2012.
[2] Includes $1,000 incurred and accrued in fiscal 2009; paid in fiscal 2011.