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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Jan. 31, 2014
Jan. 31, 2013
Operating activities:    
Net income $ 9,818 $ 1,700
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):    
Depreciation 1,520 1,515
Amortization 154 149
Net amortization of acquired leases 5 6
Gain on sale of discontinued operation (8,693)   
Income tax adjustment on gain on sale of discontinued operation   (720)
Changes in operating assets and liabilities:    
Tenants' security accounts 15 39
Accounts and straight-line rents receivable, prepaid expenses and other assets 64 431
Accounts payable, accrued expenses and deferred trustee compensation 448 (853)
Tenants' security deposits (5) (58)
Deferred revenue (12) 162
Net cash provided by operating activities 3,314 2,371
Investing activities:    
Capital improvements - existing properties (2,055) (261)
Construction and pre-development costs (2,679) (1,610)
Net cash used in investing activities (4,734) (1,871)
Financing activities:    
Repayment of mortgages and construction loan (12,226) (23,851)
Proceeds from mortgage loan refinancings 19,700 42,750
Proceeds from construction loan 19,000   
Deferred financing costs (2,573) (947)
Dividends paid (4,582) (1,389)
Repurchase of Company stock-Treasury shares (357)   
Distributions to noncontrolling interests (255) (278)
Net cash provided by financing activities 18,707 16,285
Net increase in cash and cash equivalents 17,287 16,785
Cash and cash equivalents, beginning of period 7,801 10,610
Cash and cash equivalents, end of period 25,088 27,395
Supplemental disclosure of cash flow data:    
Interest paid 2,680 2,779
Income taxes paid   1,245
Investing activities:    
Proceeds from sale of discontinued operation, held in escrow pending 1031 exchange 9,770  
Accrued capital expenditures, construction costs, pre-development costs and interest 2,043 1,210
Financing activities:    
Dividends declared but not paid $ 2,077 $ 2,083