XML 42 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2015
Jul. 31, 2014
Jul. 31, 2015
Jul. 31, 2014
Revenue:        
Rental income $ 9,781 $ 9,342 $ 28,992 $ 27,435
Reimbursements 1,290 1,051 4,280 3,798
Sundry income 72 40 403 404
Revenue 11,143 10,433 33,675 31,637
Expenses:        
Operating expenses 3,118 2,635 10,192 8,366
Management fees 504 495 1,489 1,453
Real estate taxes 1,994 1,762 5,921 5,490
Depreciation 1,690 1,614 4,985 4,654
Expenses 7,306 6,506 22,587 19,963
Operating income 3,837 3,927 11,088 11,674
Investment income 37 50 113 133
Interest expense including amortization of deferred financing costs $ (2,817) (2,613) $ (8,370) (8,434)
Regency acquisition costs   (648)   (648)
Income from continuing operations $ 1,057 $ 716 $ 2,831 2,725
Income from discontinued operations       7
Gain on sale of discontinued operation       8,734
Net income $ 1,057 $ 716 $ 2,831 11,466
Net income attributable to noncontrolling interest in subsidiaries (89) (162) (283) (453)
Net income attributable to common equity $ 968 $ 554 $ 2,548 $ 11,013
Earnings per share - basic and diluted:        
Continuing operations $ 0.14 $ 0.08 $ 0.38 $ 0.33
Discontinued operations       1.26
Net income attributable to common equity $ 0.14 $ 0.08 $ 0.38 $ 1.59
Weighted average shares outstanding:        
Basic 6,747 6,922 6,785 6,925
Diluted 6,755 6,922 6,786 6,925
Amounts attributable to common equity:        
Income from continuing operations $ 968 $ 554 $ 2,548 $ 2,272
Income from discontinued operations       8,741
Net income attributable to common equity $ 968 $ 554 $ 2,548 $ 11,013