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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2017
Oct. 31, 2016
Oct. 31, 2015
Revenue:      
Rental income $ 45,357 $ 40,780 $ 38,786
Reimbursements 5,597 5,158 5,479
Sundry income 680 316 518
Total revenue 51,634 46,254 44,783
Expenses:      
Operating expenses 15,848 13,734 13,317
Lease termination fee 620
Straight line rent adjustment - bankrupt tenant 1,046
Management fees 2,375 2,046 2,000
Real estate taxes 10,139 8,051 7,774
Depreciation 10,669 7,852 6,883
Total expenses 39,651 31,683 31,020
Operating income 11,983 14,571 13,763
Investment income 206 150 150
Gain on sale of property 15,395 314
Loan prepayment costs relating to property sale (1,139)
Interest expense including amortization of deferred financing costs (15,762) (11,936) (11,001)
Net income 10,683 3,099 2,912
Net (income) loss attributable to noncontrolling interests in subsidiaries 2,433 (94) (281)
Net income attributable to common equity $ 13,116 $ 3,005 $ 2,631
Earnings per share - basic and diluted: $ 1.92 $ 0.44 $ 0.39
Weighted average shares outstanding:      
Basic 6,833 6,783 6,778
Diluted 6,833 6,784 6,778