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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Oct. 31, 2016
Oct. 31, 2015
Oct. 31, 2014
Revenue:      
Rental income $ 40,780 $ 38,786 $ 36,913
Reimbursements 5,158 5,479 5,054
Sundry income 316 518 463
Total revenue 46,254 44,783 42,430
Expenses:      
Operating expenses 13,734 13,317 11,405
Straight line rent adjustment - bankrupt tenant 1,046
Management fees 2,046 2,000 1,968
Real estate taxes 8,051 7,774 7,515
Depreciation 7,852 6,883 6,346
Total expenses 31,683 31,020 27,234
Operating income 14,571 13,763 15,196
Investment income 150 150 184
Gain on sale of commercial property 314
Acquisition expenses-Regency (648)
Interest expense including amortization of deferred financing costs (11,936) (11,001) (11,309)
Income from continuing operations 3,099 2,912 3,423
Income from discontinued operations 7
Gain on sale of discontinued operations 8,734
Net income 3,099 2,912 12,164
Net income attributable to noncontrolling interests in subsidiaries (94) (281) (507)
Net income attributable to common equity $ 3,005 $ 2,631 $ 11,657
Earnings per share - basic and diluted:      
Continuing operations $ 0.44 $ 0.39 $ 0.42
Discontinued operations 1.27
Net income attributable to common equity $ 0.44 $ 0.39 $ 1.69
Weighted average shares outstanding:      
Basic 6,783 6,778 6,908
Diluted 6,784 6,778 6,908
Amounts attributable to common equity:      
Income from continuing operations $ 3,005 $ 2,631 $ 2,916
Income related to discontinued operations 8,741
Net income attributable to common equity $ 3,005 $ 2,631 $ 11,657