Segment information (Tables)

12 Months Ended

Oct. 31, 2015

Segment information [Abstract]

Schedule of segment and related information

	Years Ended October 31,
	2015			2014			2013
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	23,037		$	22,424		$	22,876
Residential		21,966			20,419			18,497
Total real estate revenue		45,003			42,843			41,373
Real estate operating expenses:
Commercial		10,436			9,663			9,235
Residential		10,626			9,757			8,892
Total real estate operating expenses		21,062			19,420			18,127
Net operating income:
Commercial		12,601			12,761			13,641
Residential		11,340			10,662			9,605
Total net operating income	$	23,941		$	23,423		$	23,246
Recurring capital improvements-
residential	$	(424	)	$	(549	)	$	(681	)
Reconciliation to consolidated net income attributable to common equity:
Segment NOI	$	23,941		$	23,423		$	23,246
Deferred rents - straight lining		(219	)		(93	)		(12	)
Amortization of acquired leases		(1	)		(21	)		(24	)
Investment income		150			184			191
General and administrative expenses		(2,029	)		(1,396	)		(1,623	)
Straight line rent adjustment - bankrupt tenant		(1,046	)		-			-
G-Mart lease termination expenses		-			(371	)		-
Acquisition costs-Regency		-			(648	)		-
Depreciation		(6,883	)		(6,346	)		(6,233	)
Financing costs		(11,001	)		(11,309	)		(11,945	)
Income from continuing operations		2,912			3,423			3,600
Income from discontinued operations		-			7			797
Gain on sale of discontinued operation		-			8,734			3,545
Net income		2,912			12,164			7,942
Net income attributable to noncontrolling interests		(281	)		(507	)		(493	)
Net income attributable to common equity	$	2,631		$	11,657		$	7,449