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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Oct. 31, 2013
Oct. 31, 2012
Oct. 31, 2011
Operating activities:      
Net income $ 7,942 $ 11,996 $ 6,713
Depreciation 6,244 6,215 6,109
Amortization 665 669 592
Net amortization of acquired leases 24 2 25
Income from early lease termination    (2,950)   
Deferred project cost write-off    3,726   
Net gain on sale of discontinued operations (3,545) (7,528) [1],[2]   
Income tax adjustment on gain on sale of discontinued operation (720) [3]    
Changes in operating assets and liabilities:      
Tenants' security accounts 224 201 145
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets (181) (324) 296
Accounts payable, accrued expenses and deferred trustee compensation 318 1,541 1,299
Tenants' security deposits (207) (184) (159)
Deferred revenue (289) (239) (219)
Net cash provided by operating activities 10,475 13,125 14,801
Investing activities:      
Capital improvements - existing properties (2,149) (2,114) (1,343)
Construction and pre-development costs (4,732) [4] (3,999) [5] (2,781) [6]
Proceeds from sale of discontinued operations, net 3,752 9,908   
Net cash (used in) provided by investing activities (3,129) 3,795 (4,124)
Financing activities:      
Repayment of mortgages (45,747) (6,337) (3,066)
Proceeds from morttgages and constructon loans 42,750 3,085 1,574
Net proceeds from draws on credit line 2,000      
Deferred financing costs (1,059) (210) (40)
Dividends paid (7,637) (8,331) (8,330)
Distributions from operations to noncontrolling interests (462) (834) (1,267)
Net cash used in financing activities (10,155) (12,627) (11,129)
Net (decrease) increase in cash and cash equivalents (2,809) 4,293 (452)
Cash and cash equivalents, beginning of year 10,610 6,317 6,769
Cash and cash equivalents, end of year 7,801 10,610 6,317
Supplemental disclosure of cash flow data:      
Interest paid 10,933 10,526 10,721
Income taxes paid 1,072    2
Investing activities:      
Accrued capital expenditures, construction costs, pre-development costs and interest 3,766 747 2,651
Financing activities:      
Dividends declared but not paid $ 4,582 $ 1,389 $ 2,083
[1] Gain on sale of discontinued operation shown net of tax.
[2] Represents gain of $9,493 net of federal and state tax of $1,965.
[3] Income tax adjustment relating to fiscal 2012 gain on sale of discontinued operation.
[4] Includes $743 that was incurred and accrued in fiscal 2012; paid in fiscal 2013.
[5] Includes $2,256 that was incurred and accrued in fiscal 2011; paid in fiscal 2012.
[6] Includes $1,000 that was incurred and accrued in fiscal 2009; paid in fiscal 2011.