Segment information (Tables)

3 Months Ended

Jan. 31, 2013

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 three-month periods ended January 31, 2013 and 2012. Asset information is not reported since FREIT does not use this measure to assess performance.

	Three Months Ended
	January 31,
	2013			2012
	(In Thousands)
Real estate rental revenue:
Commercial	$	5,862		$	6,092
Residential		4,659			4,683
Total real estate revenue		10,521			10,775
Real estate operating expenses:
Commercial		2,226			2,525
Residential		2,334			2,101
Total real estate operating expenses		4,560			4,626
Net operating income:
Commercial		3,636			3,567
Residential		2,325			2,582
Total net operating income	$	5,961		$	6,149
Recurring capital improvements-residential	$	(60	)	$	(173	)
Reconciliation to consolidated net income:
Segment NOI	$	5,961		$	6,149
Deferred rents - straight lining		(56	)		(7	)
Amortization of acquired leases		(6	)		9
Investment income		50			24
General and administrative expenses		(423	)		(369	)
Depreciation		(1,513	)		(1,522	)
Financing costs		(3,019	)		(2,815	)
Income from continuing operations		994			1,469
Income from discontinued operations		706			93
Net income		1,700			1,562
Net income attributable to noncontrolling interests		(229	)		(369	)
Net income attributable to common equity	$	1,471		$	1,193