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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Apr. 30, 2012
Revenue:        
Rental income $ 8,913 $ 9,215 $ 17,874 $ 18,422
Reimbursements 905 1,156 2,298 2,615
Income relating to early lease termination    2,950    2,950
Sundry income 163 146 269 258
[RealEstateRevenueNet] 9,981 13,467 20,441 24,245
Expenses:        
Operating expenses 2,579 2,593 5,185 5,234
Management fees 461 480 957 962
Real estate taxes 1,879 1,859 3,761 3,731
Depreciation 1,514 1,522 3,027 3,044
Deferred project cost write-off    1,490    1,490
[OperatingExpenses] 6,433 7,944 12,930 14,461
Operating income 3,548 5,523 7,511 9,784
Investment income 50 31 100 55
Interest expense including amortization of deferred financing costs (3,064) (2,891) (6,083) (5,706)
Income from continuing operations 534 2,663 1,528 4,133
Income from discontinued operations 1 104 707 196
Gain on sale of discontinued operations 1,377    1,377   
Net income 1,912 2,767 3,612 4,329
Net income attributable to noncontrolling interests in subsidiaries (43) (824) (272) (1,193)
Net income attributable to common equity 1,869 1,943 3,340 3,136
Earnings per share - basic:        
Continuing operations $ 0.07 $ 0.26 $ 0.18 $ 0.42
Discontinued operations $ 0.20 $ 0.02 $ 0.30 $ 0.03
Net income attributable to common equity $ 0.27 $ 0.28 $ 0.48 $ 0.45
Weighted average shares outstanding-basic 6,942,000 6,942,000 6,942,000 6,942,000
Amounts attributable to common equity:        
Income from continuing operations 491 1,839 1,256 2,940
Income related to discontinued operations 1,378 104 2,084 196
Net income attributable to common equity $ 1,869 $ 1,943 $ 3,340 $ 3,136