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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2018
Jul. 31, 2017
Jul. 31, 2018
Jul. 31, 2017
Revenue:        
Rental income $ 13,036 $ 11,349 $ 38,207 $ 33,367
Reimbursements 1,441 1,226 4,428 3,999
Sundry income 154 105 515 577
Total revenue 14,631 12,680 43,150 37,943
Expenses:        
Operating expenses 3,993 4,049 12,311 11,964
Lease termination fee 620
Management fees 633 593 1,893 1,749
Real estate taxes 2,438 2,554 5,888 7,362
Depreciation 3,029 2,709 8,573 7,887
Total expenses 10,093 9,905 28,665 29,582
Operating income 4,538 2,775 14,485 8,361
Investment income 89 54 201 145
Unrealized gain on interest rate cap contract 21 40
Gain on sale of property 15,395 15,395
Loan prepayment costs relating to property sale (1,139) (1,139)
Interest expense including amortization of deferred financing costs (4,537) (3,984) (14,108) (11,706)
Net income 111 13,101 618 11,056
Net loss attributable to noncontrolling interests in subsidiaries 181 653 432 2,062
Net income attributable to common equity $ 292 $ 13,754 $ 1,050 $ 13,118
Earnings per share - basic and diluted $ 0.04 $ 2.01 $ 0.15 $ 1.92
Weighted average shares outstanding:        
Basic 6,890 6,839 6,876 6,828
Diluted 6,890 6,839 6,876 6,831