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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2014
Jul. 31, 2013
Revenue:        
Rental income $ 9,342 $ 8,840 $ 27,435 $ 26,570
Reimbursements 1,051 1,435 3,798 3,732
Sundry income 40 109 404 376
Revenue, Total 10,433 10,384 31,637 30,678
Expenses:        
Operating expenses 2,635 2,630 8,366 7,760
Management fees 495 432 1,453 1,381
Real estate taxes 1,762 1,867 5,490 5,605
Depreciation 1,614 1,511 4,654 4,533
Expenses, Total 6,506 6,440 19,963 19,279
Operating income 3,927 3,944 11,674 11,399
Investment income 50 50 133 150
Interest expense including amortization of deferred financing costs (2,613) (2,949) (8,434) (9,032)
Regency acquisition costs (648)   (648)  
Income from continuing operations 716 1,045 2,725 2,517
Income from discontinued operations   48 7 811
Gain on sale of discontinued operations     8,734 1,377
Net income 716 1,093 11,466 4,705
Net income attributable to noncontrolling interests in subsidiaries (162) (182) (453) (454)
Net income attributable to common equity 554 911 11,013 4,251
Earnings per share - basic:        
Continuing operations $ 0.08 $ 0.12 $ 0.33 $ 0.30
Discontinued operations   $ 0.01 $ 1.26 $ 0.31
Net income attributable to common equity $ 0.08 $ 0.13 $ 1.59 $ 0.61
Weighted average shares outstanding-basic 6,922 6,942 6,925 6,942
Amounts attributable to common equity:        
Income from continuing operations 554 863 2,272 2,063
Income from discontinued operations   48 8,741 2,188
Net income attributable to common equity $ 554 $ 911 $ 11,013 $ 4,251