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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2016
Apr. 30, 2015
Apr. 30, 2016
Apr. 30, 2015
Revenue:        
Rental income $ 9,851 $ 9,530 $ 19,681 $ 19,211
Reimbursements 1,119 1,653 2,641 2,990
Sundry income 94 69 166 331
Revenue 11,064 11,252 22,488 22,532
Expenses:        
Operating expenses 3,216 3,935 6,738 7,074
Management fees 502 498 986 984
Real estate taxes 1,996 1,975 3,961 3,928
Depreciation 1,752 1,648 3,472 3,295
Expenses 7,466 8,056 15,157 15,281
Operating income 3,598 3,196 7,331 7,251
Investment income 23 36 62 76
Interest expense including amortization of deferred financing costs (2,687) (2,771) (5,416) (5,553)
Net income 934 461 1,977 1,774
Net (income) loss attributable to noncontrolling interests in subsidiaries (125) 71 (166) (194)
Net income attributable to common equity $ 809 $ 532 $ 1,811 $ 1,580
Earnings per share - basic and diluted $ 0.12 $ 0.08 $ 0.27 $ 0.23
Weighted average shares outstanding:        
Basic 6,778 6,793 6,772 6,807
Diluted 6,778 6,808 6,772 6,807