XML 32 R52.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment information (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 12 Months Ended
Oct. 31, 2013
Jul. 31, 2013
Apr. 30, 2013
Jan. 31, 2013
Oct. 31, 2012
Jul. 31, 2012
Apr. 30, 2012
Jan. 31, 2012
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2011
Reportable Segments                      
Real estate rental revenue                 $ 35,819 $ 36,440 $ 36,739
Real estate operating expenses 9,578 9,339 9,403 9,417 9,361 11,626 [1] 10,768 [1] 9,265 25,983 29,489 25,021
Operating income                 15,354 15,539 17,580
Reconciliation to consolidated net income:                      
Segment NOI                 23,246 24,095 24,960
Deferred rents - straight lining                 (12) 17 242
Amortization of acquired leases                 (24) (2) (25)
Investment income                 191 173 101
General and administrative expenses                 (1,623) (1,624) (1,543)
Depreciation                 (6,233) (6,171) (6,054)
Deferred project write-off, net of income from early lease termination                    (776)  
Financing costs                 (11,945) (11,704) (11,452)
Income from continuing operations 1,081 1,045 504 970 1,007 (1,072) 2,629 1,444 3,600 4,008 6,229
Income from discontinued operations 2,155 48 1,409 730 7,551 [2] 181 138 118 797 460 484
Gain on sale of discontinued operations, net of tax                 3,545 7,528 [3],[4]   
Net income 3,236 1,093 1,913 1,700 8,558 (891) 2,767 1,562 7,942 11,996 6,713
Net income attributable to noncontrolling interests (39) (182) (43) (229) (120) 668 (824) (369) (493) (645) (1,335)
Net income attributable to common equity 3,197 911 1,870 1,471 8,438 (223) 1,943 1,193 7,449 11,351 5,378
Commercial
                     
Reportable Segments                      
Real estate rental revenue                 22,876 23,383 23,383
Real estate operating expenses                 9,235 9,526 9,526
Operating income                 13,641 13,857 13,857
Reconciliation to consolidated net income:                      
Number of properties 10       10       10 10 10
Residential
                     
Reportable Segments                      
Real estate rental revenue                 18,497 18,680 19,126
Real estate operating expenses                 8,892 8,442 8,666
Operating income                 9,605 10,238 10,460
Recurring capital improvements                 (681) (697) 723
Reconciliation to consolidated net income:                      
Number of properties 6       6       6 6 6
Total Reportable Segments
                     
Reportable Segments                      
Real estate rental revenue                 41,373 42,063 42,509
Real estate operating expenses                 18,127 17,968 18,192
Operating income                 $ 23,246 $ 24,095 $ 24,317
[1] Includes deferred project cost write-off of $1,490 ($0.21 per share), and $2,236 ($0.32 per share) in the quarters ended April 30, and July 31, respectively.
[2] Includes gain on sale of discontinued operation, net of tax, of $7,528 ($1.08 per share)
[3] Gain on sale of discontinued operation shown net of tax.
[4] Represents gain of $9,493 net of federal and state tax of $1,965.