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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 31, 2013
Jul. 31, 2012
Jul. 31, 2013
Jul. 31, 2012
Revenue:        
Rental income $ 8,840 $ 9,140 $ 26,570 $ 27,424
Reimbursements 1,435 1,310 3,732 3,926
Income relating to early lease termination          2,950
Sundry income 109 104 376 361
[RealEstateRevenueNet] 10,384 10,554 30,678 34,661
Expenses:        
Operating expenses 2,630 2,525 7,760 7,718
Management fees 432 457 1,381 1,412
Real estate taxes 1,867 1,925 5,605 5,632
Depreciation 1,511 1,551 4,533 4,589
Deferred project cost write-off    2,236    3,726
[OperatingExpenses] 6,440 8,694 19,279 23,077
Operating income 3,944 1,860 11,399 11,584
Investment income 50 25 150 80
Interest expense including amortization of deferred financing costs (2,949) (2,957) (9,032) (8,663)
Income (loss) from continuing operations 1,045 (1,072) 2,517 3,001
Income from discontinued operations 48 181 811 437
Gain on sale of discontinued operations     1,377  
Net income (loss) 1,093 (891) 4,705 3,438
Net (income) loss attributable to noncontrolling interests in subsidiaries (182) 668 (454) (525)
Net income (loss) attributable to common equity 911 (223) 4,251 2,913
Earnings per share - basic:        
Continuing operations $ 0.12 $ (0.06) $ 0.30 $ 0.36
Discontinued operations $ 0.01 $ 0.03 $ 0.31 $ 0.06
Net income (loss) attributable to common equity $ 0.13 $ (0.03) $ 0.61 $ 0.42
Weighted average shares outstanding-basic 6,942,000 6,942,000 6,942,000 6,942,000
Amounts attributable to common equity:        
Income (loss) from continuing operations 863 (404) 2,063 2,476
Income from discontinued operations 48 181 2,188 437
Net income (loss) attributable to common equity $ 911 $ (223) $ 4,251 $ 2,913