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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2018
Oct. 31, 2017
Oct. 31, 2016
Revenue:      
Rental income $ 51,267 $ 45,357 $ 40,780
Reimbursements 6,093 5,597 5,158
Sundry income 637 680 316
Total revenue 57,997 51,634 46,254
Expenses:      
Operating expenses 16,245 15,848 13,734
Lease termination fee   620
Management fees 2,547 2,375 2,046
Real estate taxes 8,396 10,139 8,051
Depreciation 11,515 10,669 7,852
Total expenses 38,703 39,651 31,683
Operating income 19,294 11,983 14,571
Investment income 267 206 150
Unrealized gain on interest rate cap contract 72
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 (18,667) (15,762) (11,936)
Net income 966 10,683 3,099
Net (income) loss attributable to noncontrolling interests in subsidiaries 517 2,433 (94)
Net income attributable to common equity $ 1,483 $ 13,116 $ 3,005
Earnings per share - basic and diluted: $ 0.21 $ 1.92 $ 0.44
Weighted average shares outstanding:      
Basic 6,883 6,833 6,783
Diluted 6,883 6,833 6,784