CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2016	Apr. 30, 2015
Operating activities:
Net income	$ 1,977	$ 1,774
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	3,472	3,295
Amortization	363	324
Stock based compensation expense	47	47
Trustee fees and related interest payable in stock units	359	374
Deferred rents - straight line rent	25	148
Bad debt expense	$ 140	259
Net amortization of acquired leases		1
Changes in operating assets and liabilities:
Tenants' security accounts	$ 72	79
Accounts receivable, prepaid expenses and other assets	(995)	(644)
Accounts payable, accrued expenses and deferred trustee compensation	(159)	(299)
Deferred revenue	(292)	(277)
Net cash provided by operating activities	5,009	5,081
Investing activities:
Capital improvements - existing properties	(1,318)	(1,714)
Construction and pre-development costs	(12,786)	(25,800)
Net cash used in investing activities	(14,104)	(27,514)
Financing activities:
Repayment of mortgages and construction loan	$ (2,087)	(2,047)
Repayment of credit line		(5,000)
Proceeds from mortgage loan refinancing		$ 16,200
Proceeds from additional tranche of loan	$ 2,320
Proceeds from construction loan	11,834	$ 25,637
Deferred financing costs	(10)	(318)
Dividends paid	$ (4,036)	(4,092)
Repurchase of Company stock-Treasury shares		(2,169)
Distributions to noncontrolling interests	$ (345)	(396)
Net cash provided by financing activities	7,676	27,815
Net increase (decrease) in cash and cash equivalents	(1,419)	5,382
Cash and cash equivalents, beginning of period	13,500	10,554
Cash and cash equivalents, end of period	12,081	15,936
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	5,483	5,136
Investing activities:
Accrued capital expenditures, construction costs, pre-development costs and interest	3,330	6,551
Financing activities:
Dividends declared but not paid	2,018	2,018
Dividends paid in share units	$ 33	$ 9