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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2015
Oct. 31, 2014
Oct. 31, 2013
Revenue:      
Rental income $ 38,786 $ 36,913 $ 35,819
Reimbursements 5,479 5,054 5,006
Sundry income 518 463 512
Revenue 44,783 42,430 41,337
Expenses:      
Operating expenses 13,317 $ 11,405 $ 10,374
Straight line rent adjustment - bankrupt tenant 1,046
Management fees 2,000 $ 1,968 $ 1,849
Real estate taxes 7,774 7,515 7,527
Depreciation 6,883 6,346 6,233
Expenses 31,020 27,234 25,983
Operating income 13,763 15,196 15,354
Investment income $ 150 184 $ 191
Acquisition expenses-Regency (648)
Interest expense including amortization of deferred 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 operations 8,734 3,545
Net income $ 2,912 12,164 7,942
Net income attributable to noncontrolling interests in subsidiaries (281) (507) (493)
Net income attributable to common equity $ 2,631 $ 11,657 $ 7,449
Earnings per share - basic and diluted:      
Continuing operations $ 0.39 $ 0.42 $ 0.45
Discontinued operations 1.27 0.62
Net income attributable to common equity $ 0.39 $ 1.69 $ 1.07
Weighted average shares outstanding: Basic and diluted 6,778 6,908 6,942
Amounts attributable to common equity:      
Income from continuing operations $ 2,631 $ 2,916 $ 3,107
Income related to discontinued operations 8,741 4,342
Net income attributable to common equity $ 2,631 $ 11,657 $ 7,449