Segment information (Tables)

9 Months Ended

Jul. 31, 2013

Segment Information Tables

Schedule of segment and related information

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2013			2012			2013			2012
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	17,011		$	17,684		$	5,793		$	5,853
Residential		13,811			14,015			4,612			4,711
Total real estate revenue		30,822			31,699			10,405			10,564
Real estate operating expenses:
Commercial		6,843			7,238			2,356			2,421
Residential		6,629			6,244			2,168			2,071
Total real estate operating expenses		13,472			13,482			4,524			4,492
Net operating income:
Commercial		10,168			10,446			3,437			3,432
Residential		7,182			7,771			2,444			2,640
Total net operating income	$	17,350		$	18,217		$	5,881		$	6,072
Recurring capital improvements-residential	$	(542	)	$	(467	)	$	(340	)	$	(221	)
Reconciliation to consolidated net income:
Segment NOI	$	17,350		$	18,217		$	5,881		$	6,072
Deferred rents - straight lining		(126	)		7			(15	)		(3	)
Amortization of acquired leases		(18	)		5			(6	)		(7	)
Investment income		150			80			50			25
General and administrative expenses		(1,274	)		(1,280	)		(405	)		(415	)
Depreciation		(4,533	)		(4,589	)		(1,511	)		(1,551	)
Deferred project cost write-off, net of
income relating to early lease termination		—			(776	)		—			(2,236	)
Financing costs		(9,032	)		(8,663	)		(2,949	)		(2,957	)
Income (loss) from continuing operations		2,517			3,001			1,045			(1,072	)
Income from discontinued operations		811			437			48			181
Gain on sale of discontinued operation		1,377			—			—			—
Net income (loss)		4,705			3,438			1,093			(891	)
Net (income) loss attributable to noncontrolling
interests		(454	)		(525	)		(182	)		668
Net income (loss) attributable to common equity	$	4,251		$	2,913		$	911		$	(223	)