CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2016	Jul. 31, 2015
Operating activities:
Net income	$ 3,434	$ 2,831
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	5,263	4,985
Amortization	572	548
Stock based compensation expense	71	71
Trustee fees and related interest payable in stock units	521	571
Gain on sale of commercial property	(314)
Deferred rents - straight line rent	(251)	219
Bad debt expense	156	559
Net amortization of acquired leases		1
Changes in operating assets and liabilities:
Tenants' security accounts	92	145
Accounts receivable, prepaid expenses and other assets	(870)	(856)
Accounts payable, accrued expenses and deferred trustee compensation	(741)	(1,096)
Deferred revenue	239	(321)
Net cash provided by operating activities	8,172	7,657
Investing activities:
Proceeds from sale of commercial property	3,059
Capital improvements - existing properties	(2,036)	(2,997)
Construction and pre-development costs	(16,871)	(37,806)
Net cash used in investing activities	(15,848)	(40,803)
Financing activities:
Repayment of mortgages and construction loan	(3,148)	(3,075)
Repayment of credit line		(5,000)
Proceeds from mortgage loan refinancing		16,200
Proceeds from additional tranche of loan	2,320
Restricted loan proceeds held in escrow	(1,850)
Proceeds from construction loan	15,214	38,170
Deferred financing costs	(60)	(361)
Dividends paid	(6,054)	(6,116)
Repurchase of Company stock-Treasury shares		(2,169)
Distributions to noncontrolling interests	(375)	(426)
Net cash provided by financing activities	6,047	37,223
Net increase (decrease) in cash and cash equivalents	(1,629)	4,077
Cash and cash equivalents, beginning of period	13,500	10,554
Cash and cash equivalents, end of period	11,871	14,631
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	7,625	7,684
Investing activities:
Accrued capital expenditures, construction costs, pre-development costs and interest	6,717	6,371
Financing activities:
Dividends declared but not paid	2,018	2,018
Dividends paid in share units	$ 53	$ 17