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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Revenue:        
Rental income $ 11,157 $ 9,851 $ 22,018 $ 19,681
Reimbursements 1,407 1,119 2,773 2,641
Sundry income 100 94 472 166
Total revenue 12,664 11,064 25,263 22,488
Expenses:        
Operating expenses 3,947 3,216 7,915 6,738
Lease termination fee 620 620
Management fees 593 502 1,156 986
Real estate taxes 2,746 1,996 4,808 3,961
Depreciation 2,648 1,752 5,178 3,472
Total expenses 10,554 7,466 19,677 15,157
Operating income 2,110 3,598 5,586 7,331
Investment income 45 23 91 62
Interest expense including amortization of deferred financing costs (3,856) (2,687) (7,722) (5,416)
Net income (loss) (1,701) 934 (2,045) 1,977
Net (income) loss attributable to noncontrolling interests in subsidiaries 1,002 (125) 1,409 (166)
Net income (loss) attributable to common equity $ (699) $ 809 $ (636) $ 1,811
Earnings (loss) per share - basic and diluted $ (0.10) $ 0.12 $ (0.09) $ 0.27
Weighted average shares outstanding:        
Basic 6,828 6,778 6,823 6,772
Diluted 6,828 6,778 6,823 6,772