Segment information (Tables)

9 Months Ended

Jul. 31, 2016

Segment Reporting [Abstract]

Schedule of segment and related information

Real estate rental revenue, operating expenses, NOI and recurring capital improvements for the reportable segments are summarized below and reconciled to condensed consolidated net income attributable to common equity for the nine and three-month periods ended July 31, 2016 and 2015. Asset information is not reported since FREIT does not use this measure to assess performance.

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2016			2015			2016			2015
	(In Thousands of Dollars)						(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	16,952		$	17,439		$	5,534		$	5,751
Residential		16,875			16,456			5,780			5,463
Total real estate revenue		33,827			33,895			11,314			11,214
Real estate operating expenses:
Commercial		8,218			7,997			2,754			2,582
Residential		8,029			7,952			2,703			2,525
Total real estate operating expenses		16,247			15,949			5,457			5,107
Net operating income:
Commercial		8,734			9,442			2,780			3,169
Residential		8,846			8,504			3,077			2,938
Total net operating income	$	17,580		$	17,946		$	5,857		$	6,107
Recurring capital improvements-
residential	$	(659	)	$	(275	)	$	(170	)	$	(21	)
Reconciliation to consolidated net income attributable to common equity:
Segment NOI	$	17,580		$	17,946		$	5,857		$	6,107
Gain on sale of commercial property		314			—			314			—
Deferred rents - straight lining		251			(219	)		276			(71	)
Amortization of acquired leases		—			(1	)		—			—
Investment income		106			113			44			37
General and administrative expenses		(1,401	)		(1,653	)		(506	)		(509	)
Depreciation		(5,263	)		(4,985	)		(1,791	)		(1,690	)
Financing costs		(8,153	)		(8,370	)		(2,737	)		(2,817	)
Net income		3,434			2,831			1,457			1,057
Net income attributable to  noncontrolling interests		(377	)		(283	)		(211	)		(89	)
Net income attributable to common equity	$	3,057		$	2,548		$	1,246		$	968