XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2016
Jul. 31, 2015
Jul. 31, 2016
Jul. 31, 2015
Revenue:        
Rental income $ 10,249 $ 9,781 $ 29,930 $ 28,992
Reimbursements 1,255 1,290 3,896 4,280
Sundry income 86 72 252 403
Revenue 11,590 11,143 34,078 33,675
Expenses:        
Operating expenses 3,460 3,118 10,198 10,192
Management fees 515 504 1,501 1,489
Real estate taxes 1,988 1,994 5,949 5,921
Depreciation 1,791 1,690 5,263 4,985
Expenses 7,754 7,306 22,911 22,587
Operating income 3,836 3,837 11,167 11,088
Investment income 44 37 106 113
Gain on sale of commercial property 314 314
Interest expense including amortization of deferred financing costs (2,737) (2,817) (8,153) (8,370)
Net income 1,457 1,057 3,434 2,831
Net income attributable to noncontrolling interests in subsidiaries (211) (89) (377) (283)
Net income attributable to common equity $ 1,246 $ 968 $ 3,057 $ 2,548
Earnings per share - basic and diluted $ 0.18 $ 0.14 $ 0.45 $ 0.38
Weighted average shares outstanding:        
Basic 6,787 6,747 6,777 6,785
Diluted 6,800 6,755 6,777 6,786