Segment information (Tables)

6 Months Ended

Apr. 30, 2015

Segment information [Abstract]

Schedule of segment and related information

	Six Months Ended						Three Months Ended
	April 30,						April 30,
		2015			2014			2015			2014
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	11,688		$	11,512		$	5,944		$	5,804
Residential		10,993			9,790			5,381			4,874
Total real estate revenue		22,681			21,302			11,325			10,678
Real estate operating expenses:
Commercial		5,415			4,966			2,983			2,643
Residential		5,427			4,648			2,773			2,375
Total real estate operating expenses		10,842			9,614			5,756			5,018
Net operating income:
Commercial		6,273			6,546			2,961			3,161
Residential		5,566			5,142			2,608			2,499
Total net operating income	$	11,839		$	11,688		$	5,569		$	5,660
Recurring capital improvements-residential	$	(254	)	$	(141	)	$	(168	)	$	(37	)
Reconciliation to consolidated net income:
Segment NOI	$	11,839		$	11,688		$	5,569		$	5,660
Deferred rents - straight lining		(148	)		(87	)		(73	)		(41	)
Amortization of acquired leases		(1	)		(11	)		—			(5	)
Investment income		76			83			36			41
General and administrative expenses		(1,144	)		(803	)		(652	)		(401	)
Depreciation		(3,295	)		(3,040	)		(1,648	)		(1,520	)
Financing costs		(5,553	)		(5,821	)		(2,771	)		(2,844	)
Income from continuing operations		1,774			2,009			461			890
Income from discontinued operations		—			7			—			—
Gain on sale of discontinued operation		—			8,734			—			41
Net income		1,774			10,750			461			931
Net (income) loss attributable to noncontrolling
interests		(194	)		(291	)		71			(98	)
Net income attributable to common equity	$	1,580		$	10,459		$	532		$	833