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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Apr. 30, 2014
Apr. 30, 2013
Apr. 30, 2014
Apr. 30, 2013
Revenue:        
Rental income $ 9,101 $ 8,840 $ 18,093 $ 17,730
Reimbursements 1,463 905 2,746 2,298
Sundry income 68 161 365 267
Revenue, Total 10,632 9,906 21,204 20,295
Expenses:        
Operating expenses 3,066 2,553 5,732 5,130
Management fees 489 457 957 950
Real estate taxes 1,864 1,867 3,728 3,737
Depreciation 1,520 1,512 3,040 3,022
Expenses, Total 6,939 6,389 13,457 12,839
Operating income 3,693 3,517 7,747 7,456
Investment income 41 50 83 100
Interest expense including amortization of deferred financing costs (2,844) (3,064) (5,821) (6,083)
Income from continuing operations 890 503 2,009 1,473
Income from discontinued operations   32 7 762
Gain on sale of discontinued operations 41 1,377 8,734 1,377
Net income 931 1,912 10,750 3,612
Net income attributable to noncontrolling interests in subsidiaries (98) (43) (291) (272)
Net income attributable to common equity 833 1,869 10,459 3,340
Earnings per share - basic:        
Continuing operations $ 0.11 $ 0.07 $ 0.25 $ 0.17
Discontinued operations $ 0.01 $ 0.20 $ 1.26 $ 0.31
Net income attributable to common equity $ 0.12 $ 0.27 $ 1.51 $ 0.48
Weighted average shares outstanding-basic 6,922,000 6,942,000 6,927,000 6,942,000
Amounts attributable to common equity:        
Income from continuing operations 792 460 1,718 1,201
Income from discontinued operations 41 1,409 8,741 2,139
Net income attributable to common equity $ 833 $ 1,869 $ 10,459 $ 3,340