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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2017
Jul. 31, 2016
Jul. 31, 2017
Jul. 31, 2016
Revenue:        
Rental income $ 11,349 $ 10,249 $ 33,367 $ 29,930
Reimbursements 1,226 1,255 3,999 3,896
Sundry income 105 86 577 252
Total revenue 12,680 11,590 37,943 34,078
Expenses:        
Operating expenses 4,049 3,460 11,964 10,198
Lease termination fee 620
Management fees 593 515 1,749 1,501
Real estate taxes 2,554 1,988 7,362 5,949
Depreciation 2,709 1,791 7,887 5,263
Total expenses 9,905 7,754 29,582 22,911
Operating income 2,775 3,836 8,361 11,167
Investment income 54 44 145 106
Gain on sale of property 15,395 314 15,395 314
Loan prepayment costs relating to property sale (1,139) (1,139)
Interest expense including amortization of deferred financing costs (3,984) (2,737) (11,706) (8,153)
Net income 13,101 1,457 11,056 3,434
Net (income) loss attributable to noncontrolling interests in subsidiaries 653 (211) 2,062 (377)
Net income attributable to common equity $ 13,754 $ 1,246 $ 13,118 $ 3,057
Earnings per share - basic and diluted $ 2.01 $ 0.18 $ 1.92 $ 0.45
Weighted average shares outstanding:        
Basic 6,839 6,787 6,828 6,777
Diluted 6,839 6,800 6,831 6,777