Segment information (Tables)

6 Months Ended

Apr. 30, 2014

Segment Reporting [Abstract]

Schedule of segment and related information

	Six Months Ended						Three Months Ended
	April 30,						April 30,
	2014			2013			2014			2013
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	11,512		$	11,220		$	5,804		$	5,355
Residential		9,790			9,199			4,874			4,611
Total real estate revenue		21,302			20,419			10,678			9,966
Real estate operating expenses:
Commercial		4,966			4,487			2,643			2,258
Residential		4,648			4,461			2,375			2,173
Total real estate operating expenses		9,614			8,948			5,018			4,431
Net operating income:
Commercial		6,546			6,733			3,161			3,097
Residential		5,142			4,738			2,499			2,438
Total net operating income	$	11,688		$	11,471		$	5,660		$	5,535
Recurring capital improvements-residential	$	(141	)	$	(201	)	$	(37	)	$	(144	)

Reconciliation to condensed consolidated net income

Reconciliation to consolidated net income:
Segment NOI	$	11,688		$	11,471		$	5,660		$	5,535
Deferred rents - straight lining		(87	)		(112	)		(41	)		(54	)
Amortization of acquired leases		(11	)		(12	)		(5	)		(6	)
Investment income		83			100			41			50
General and administrative expenses		(803	)		(869	)		(401	)		(446	)
Depreciation		(3,040	)		(3,022	)		(1,520	)		(1,512	)
Financing costs		(5,821	)		(6,083	)		(2,844	)		(3,064	)
Income from continuing operations		2,009			1,473			890			503
Income from discontinued operations		7			762			—			32
Gain on sale of discontinued operation		8,734			1,377			41			1,377
Net income		10,750			3,612			931			1,912
Net income attributable to noncontrolling
interests		(291	)		(272	)		(98	)		(43	)
Net income attributable to common equity	$	10,459		$	3,340		$	833		$	1,869