Segment information (Tables)

12 Months Ended

Oct. 31, 2014

Segment information [Abstract]

Schedule of segment and related information

	Years Ended October 31,
	2014			2013			2012
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	22,424		$	22,876		$	23,383
Residential		20,419			18,497			18,680
Totals		42,843			41,373			42,063
Real estate operating expenses:
Commercial		9,663			9,235			9,526
Residential		9,757			8,892			8,442
Totals		19,420			18,127			17,968
Net operating income:
Commercial		12,761			13,641			13,857
Residential		10,662			9,605			10,238
Totals	$	23,423		$	23,246		$	24,095
Recurring capital improvements-
residential	$	(549	)	$	(681	)	$	(697	)
Reconciliation to consolidated net
income-common equity:
Segment NOI	$	23,423		$	23,246		$	24,095
Deferred rents - straight lining		(93	)		(12	)		17
Amortization of acquired above and below
market value leases		(21	)		(24	)		(2	)
Net investment income		184			191			173
General and administrative expenses		(1,396	)		(1,623	)		(1,624	)
G-Mart lease termination expenses		(371	)		—			—
Acquisition costs-Regency		(648	)		—			—
Depreciation		(6,346	)		(6,233	)		(6,171	)
Deferred project cost write-off, net of
income relating to early lease termination		—			—			(776	)
Financing costs		(11,309	)		(11,945	)		(11,704	)
Income from continuing operations		3,423			3,600			4,008
Income from discontinued operation		7			797			460
Gain on sale of discontinued operation		8,734			3,545			7,528	(a)
Net income		12,164			7,942			11,996
Net income attributable to
noncontrolling interests in subsidiaries		(507	)		(493	)		(645	)
Net income attributable to common equity	$	11,657		$	7,449		$	11,351

(a) Represents gain of $9,493 net of federal and state tax of $1,965.