CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jan. 31, 2016	Jan. 31, 2015
Operating activities:
Net income	$ 1,043	$ 1,313
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,720	1,647
Amortization	171	159
Stock based compensation expense	24	23
Trustee fees and related interest payable in stock units	167	187
Deferred rents - straight line rent	23	75
Bad debt expense	$ 92	109
Net amortization of acquired leases		1
Changes in operating assets and liabilities:
Tenants' security accounts	$ 54	93
Accounts receivable, prepaid expenses and other assets	879	(248)
Accounts payable, accrued expenses and deferred trustee compensation	(279)	1,343
Deferred revenue	(130)	(62)
Net cash provided by operating activities	3,764	4,640
Investing activities:
Capital improvements - existing properties	(604)	(1,057)
Construction and pre-development costs	(8,538)	(16,449)
Net cash used in investing activities	(9,142)	(17,506)
Financing activities:
Repayment of mortgages and construction loan	$ (1,032)	(1,001)
Repayment of credit line		(5,000)
Proceeds from mortgage loan refinancing		16,200
Proceeds from construction loan	$ 8,231	15,193
Deferred financing costs	(5)	(318)
Dividends paid	(2,018)	(2,049)
Distributions to noncontrolling interests	(150)	(300)
Net cash provided by financing activities	5,026	22,725
Net increase (decrease) in cash and cash equivalents	(352)	9,859
Cash and cash equivalents, beginning of period	13,500	10,554
Cash and cash equivalents, end of period	13,148	20,413
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	2,745	2,571
Investing activities:
Accrued capital expenditures, construction costs, pre-development costs and interest	2,273	5,226
Financing activities:
Dividends declared but not paid	2,018	2,046
Dividends paid in share units	$ 15	$ 3