Property acquisition (Tables)

9 Months Ended

Jul. 31, 2014

Business Combinations [Abstract]

Schedule of unaudited pro forma information

The following pro forma information shows the results of operations for the nine and three-month periods ended July 31, 2014 and July 31, 2013 for FREIT and Subsidiaries as though the Regency had been acquired at the beginning of fiscal 2013:

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2014			2013			2014			2013
	(In Thousands)						(In Thousands)
Revenues	$	33,039		$	32,279		$	10,754		$	10,928
Net expenses		29,608			29,653			9,413			9,854
Income from continuing operations		3,431			2,626			1,341			1,074
Income from discontinued operations		7			811			—			48
Gain on sale of discontinued operation		—			1,377			—			—
Net income		3,438			4,814			1,341			1,122
Net income attributable to noncontrolling interest in subsidiaries		(453	)		(454	)		(162	)		(182	)
Net income attributable to common equity	$	2,985		$	4,360		$	1,179		$	940
Earnings per share - basic:
Continuing operations	$	0.43		$	0.32		$	0.17		$	0.13
Discontinued operations		—			0.31			—			0.01
Net income attributable to common equity	$	0.43		$	0.63		$	0.17		$	0.14
Weighted average shares outstanding - basic		6,925			6,942			6,922			6,942