CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2017	Oct. 31, 2016		Oct. 31, 2015
Operating activities:
Net income	$ 10,683	$ 3,099		$ 2,912
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	10,669	7,852		6,883
Amortization	1,932	952		679
Stock based compensation expense	122	94		94
Trustee fees and related interest paid in stock units	803	683		752
Gain on sale of property	(15,395)	(314)
Deferred rents - straight line rent	(634)	(608)		1,265	[1]
Bad debt expense	196	196		631
Net amortization of acquired leases				1
Changes in operating assets and liabilities:
Tenants' security accounts	11	109		104
Accounts receivable, prepaid expenses and other assets	(2,780)	(793)		(1,766)
Accounts payable, accrued expenses and deferred trustee compensation	(1,021)	(3,264)		392
Deferred revenue	142	54		95
Net cash provided by operating activities	4,728	8,060		12,042
Investing activities:
Proceeds from sale of property	9,135	3,059
Capital improvements - existing properties	(10,058)	(9,927)		(4,158)
Construction and pre-development costs		(13,535)	[2]	(48,576)	[3]
Net cash used in investing activities	(923)	(20,403)		(52,734)
Financing activities:
Repayment of mortgages and construction loan	(34,254)	(28,314)		(4,117)
Repayment of credit line				(5,000)
Proceeds from mortgage loan refinancings	23,500	25,800		16,200
Proceeds from additional tranche of loan		2,320
Restricted loan proceeds held in escrow		(1,850)
Refinancing good faith deposit	(960)
Proceeds from construction loan	1,349	21,093		47,740
Advanced funding for construction loan reserve	(647)
Proceeds from credit line	3,121
Proceeds from exercise of stock options		244
Deferred financing costs	(640)	(377)		(371)
Dividends paid	(3,033)	(8,072)		(8,129)
Repurchase of Company stock - Treasury shares				(2,169)
Due to affiliate	5,172
Distributions to noncontrolling interests	(420)	(1,095)		(516)
Net cash (used in) provided by financing activities	(6,812)	9,749		43,638
Net increase (decrease) in cash and cash equivalents	(3,007)	(2,594)		2,946
Cash and cash equivalents, beginning of year	10,906	13,500		10,554
Cash and cash equivalents, end of year	7,899	10,906		13,500
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized including $1,139 in loan prepayment costs related to property sale	15,160	11,100		11,010
Investing activities:
Transfer from construction in progress to real estate for completion of Rotunda		124,423
Proceeds from sale of property, held in escrow pending 1031 exchange	6,965
Accrued capital expenditures, construction costs, pre-development costs and interest	413	3,130		8,054
Financing activities:
Dividends declared but not paid		2,022		2,018
Dividends paid in share units	$ 13	$ 76		$ 29

[1] Includes $1.1M straight line rent adjustment for bankrupt tenant.

[2] Includes $4,213 that was incurred and accrued in fiscal 2015; paid in fiscal 2016.

[3] Includes $5,523 that was incurred and accrued in fiscal 2014; paid in fiscal 2015.