Segment information (Tables)

9 Months Ended

Jul. 31, 2014

Segment Reporting [Abstract]

Schedule of segment and related information

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2014			2013			2014			2013
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	16,830		$	17,011		$	5,318		$	5,793
Residential		14,946			13,811			5,157			4,612
Total real estate revenue		31,776			30,822			10,475			10,405
Real estate operating expenses:
Commercial		7,070			6,843			2,103			2,356
Residential		7,017			6,629			2,370			2,168
Total real estate operating expenses		14,087			13,472			4,473			4,524
Net operating income:
Commercial		9,760			10,168			3,215			3,437
Residential		7,929			7,182			2,787			2,444
Total net operating income	$	17,689		$	17,350		$	6,002		$	5,881
Recurring capital improvements-residential	$	(351	)	$	(542	)	$	(210	)	$	(341	)

Reconciliation to condensed consolidated net income

Reconciliation to consolidated net income:
Segment NOI	$	17,689		$	17,350		$	6,002		$	5,881
Deferred rents - straight lining		(123	)		(126	)		(37	)		(15	)
Amortization of acquired leases		(16	)		(18	)		(5	)		(6	)
Investment income		133			150			50			50
General and administrative expenses		(1,222	)		(1,274	)		(419	)		(405	)
Acquisition costs - Regency		(648	)		—			(648	)		—
Depreciation		(4,654	)		(4,533	)		(1,614	)		(1,511	)
Financing costs		(8,434	)		(9,032	)		(2,613	)		(2,949	)
Income from continuing operations		2,725			2,517			716			1,045
Income from discontinued operations		7			811			—			48
Gain on sale of discontinued operation		8,734			1,377			—			—
Net income		11,466			4,705			716			1,093
Net income attributable to noncontrolling
interests		(453	)		(454	)		(162	)		(182	)
Net income attributable to common equity	$	11,013		$	4,251		$	554		$	911