Segment information (Tables)

9 Months Ended

Jul. 31, 2015

Segment information [Abstract]

Schedule of segment and related information

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
		2015			2014			2015			2014
	(In Thousands)						(In Thousands)
Real estate rental revenue:
Commercial	$	17,439		$	16,830		$	5,751		$	5,318
Residential		16,456			14,946			5,463			5,157
Total real estate revenue		33,895			31,776			11,214			10,475
Real estate operating expenses:
Commercial		7,997			7,070			2,582			2,103
Residential		7,952			7,017			2,525			2,370
Total real estate operating expenses		15,949			14,087			5,107			4,473
Net operating income:
Commercial		9,442			9,760			3,169			3,215
Residential		8,504			7,929			2,938			2,787
Total net operating income	$	17,946		$	17,689		$	6,107		$	6,002
Recurring capital improvements-residential	$	(275	)	$	(351	)	$	(21	)	$	(210	)
Reconciliation to consolidated net income:
Segment NOI	$	17,946		$	17,689		$	6,107		$	6,002
Deferred rents - straight lining		(219	)		(123	)		(71	)		(37	)
Amortization of acquired leases		(1	)		(16	)		—			(5	)
Investment income		113			133			37			50
General and administrative expenses		(1,653	)		(1,222	)		(509	)		(419	)
Acquisition costs - Regency		—			(648	)		—			(648	)
Depreciation		(4,985	)		(4,654	)		(1,690	)		(1,614	)
Financing costs		(8,370	)		(8,434	)		(2,817	)		(2,613	)
Income from continuing operations		2,831			2,725			1,057			716
Income from discontinued operations		—			7			—			—
Gain on sale of discontinued operation		—			8,734			—			—
Net income		2,831			11,466			1,057			716
Net income attributable to noncontrolling
interests		(283	)		(453	)		(89	)		(162	)
Net income attributable to common equity	$	2,548		$	11,013		$	968		$	554