Segment information (Tables)

12 Months Ended

Oct. 31, 2013

Segment Information Tables

Schedule of segment and related information

	October 31,
	2013			2012			2011
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	22,876		$	23,383		$	24,117
Residential		18,497			18,680			18,267
Totals		41,373			42,063			42,384
Real estate operating expenses:
Commercial		9,235			9,526			9,561
Residential		8,892			8,442			7,863
Totals		18,127			17,968			17,424
Net operating income:
Commercial		13,641			13,857			14,556
Residential		9,605			10,238			10,404
Totals	$	23,246		$	24,095		$	24,960
Recurring capital improvements-
residential	$	(681	)	$	(697	)	$	(413	)
Reconciliation to consolidated net
income-common equity:
Segment NOI	$	23,246		$	24,095		$	24,960
Deferred rents - straight lining		(12	)		17			242
Amortization of acquired above and below
market value leases		(24	)		(2	)		(25	)
Net investment income		191			173			101
General and administrative expenses		(1,623	)		(1,624	)		(1,543	)
Depreciation		(6,233	)		(6,171	)		(6,054	)
Deferred project cost write-off, net of
income relating to early lease termination		—			(776	)		—
Financing costs		(11,945	)		(11,704	)		(11,452	)
Income from continuing operations		3,600			4,008			6,229
Income from discontinued operation		797			460			484
Gain on sale of discontinued operation		3,545			7,528	(a)		—
Net income		7,942			11,996			6,713
Net income attributable to
noncontrolling interests in subsidiaries		(493	)		(645	)		(1,335	)
Net income attributable to common equity	$	7,449		$	11,351		$	5,378

(a) Represents gain of $9,493 net of federal and state tax of $1,965.