Segment information (Tables)

3 Months Ended

Jan. 31, 2014

Segment Reporting [Abstract]

Schedule of segment and related information

Continuing real estate rental revenue, operating expenses, NOI and recurring capital improvements for the reportable segments are summarized below and reconciled to condensed consolidated net income-common equity for the three-month period ended January 31, 2014 and 2013. Asset information is not reported since FREIT does not use this measure to assess performance.

	Three Months Ended
	January 31,
	2014			2013
	(In Thousands)
Real estate rental revenue:
Commercial	$	5,707		$	5,861
Residential		4,916			4,588
Total real estate revenue		10,623			10,449
Real estate operating expenses:
Commercial		2,324			2,225
Residential		2,274			2,289
Total real estate operating expenses		4,598			4,514
Net operating income:
Commercial		3,383			3,636
Residential		2,642			2,299
Total net operating income	$	6,025		$	5,935
Recurring capital improvements-residential	$	(104	)	$	(57	)

Reconciliation to consolidated net income

Reconciliation to consolidated net income:
Segment NOI	$	6,025		$	5,935
Deferred rents - straight lining		(46	)		(56	)
Amortization of acquired leases		(5	)		(6	)
Investment income		42			50
General and administrative expenses		(402	)		(423	)
Depreciation		(1,520	)		(1,512	)
Financing costs		(2,976	)		(3,019	)
Income from continuing operations		1,118			969
Income from discontinued operations		7			731
Gain on sale of discontinued operation		8,693			—
Net income		9,818			1,700
Net income attributable to noncontrolling
interests		(193	)		(229	)
Net income attributable to common equity	$	9,625		$	1,471