Segment information (Tables)

3 Months Ended

Jan. 31, 2015

Schedule of segment and related information

	Three Months Ended
	January 31,
	2015			2014
	(In Thousands)
Real estate rental revenue:
Commercial	$	5,744		$	5,707
Residential		5,612			4,916
Total real estate revenue		11,356			10,623

Real estate operating expenses:
Commercial		2,432			2,324
Residential		2,654			2,274
Total real estate operating expenses		5,086			4,598

Net operating income:
Commercial		3,312			3,383
Residential		2,958			2,642
Total net operating income	$	6,270		$	6,025

Recurring capital improvements-residential	$	(86	)	$	(104	)

Reconciliation to consolidated net income:
Segment NOI	$	6,270		$	6,025
Deferred rents - straight lining		(75	)		(46	)
Amortization of acquired leases		(1	)		(5	)
Investment income		40			42
General and administrative expenses		(492	)		(402	)
Depreciation		(1,647	)		(1,520	)
Financing costs		(2,782	)		(2,976	)
Income from continuing operations		1,313			1,118

Income from discontinued operations		-			7
Gain on sale of discontinued operation		-			8,693

Net income		1,313			9,818

Net income attributable to noncontrolling
interests		(265	)		(193	)

Net income attributable to common equity	$	1,048		$	9,625

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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