Segment information (Tables)

6 Months Ended

Apr. 30, 2019

Segment Reporting [Abstract]

Schedule of segment and related information

Real estate rental revenue, operating expenses, NOI and recurring capital improvements for the reportable segments are summarized below and reconciled to condensed consolidated net income attributable to common equity for the six and three-month periods ended April 30, 2019 and 2018. Asset information is not reported since FREIT does not use this measure to assess performance.

	Six Months Ended						Three Months Ended
	April 30,						April 30,
	2019			2018			2019			2018
	(In Thousands of Dollars)						(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	13,079		$	12,566		$	6,452		$	6,263
Residential		16,448			15,780			8,214			7,987
Total real estate rental revenue		29,527			28,346			14,666			14,250
Real estate operating expenses:
Commercial		5,651			6,001			2,820			2,964
Residential		6,896			5,867			3,401			2,151
Total real estate operating expenses		12,547			11,868			6,221			5,115
Net operating income:
Commercial		7,428			6,565			3,632			3,299
Residential		9,552			9,913			4,813			5,836
Total net operating income	$	16,980		$	16,478		$	8,445		$	9,135
Recurring capital improvements - residential	$	(285	)	$	(238	)	$	(161	)	$	(127	)
Reconciliation to condensed consolidated net income attributable to common equity:
Segment NOI	$	16,980		$	16,478		$	8,445		$	9,135
Gain on sale of property		836			-			836			-
Deferred rents - straight lining		187			173			120			75
Investment income		184			112			113			57
Unrealized (loss) gain on interest rate cap contract		(159	)		19			(5	)		19
General and administrative expenses		(1,977	)		(1,192	)		(1,369	)		(639	)
Depreciation		(5,607	)		(5,512	)		(2,783	)		(2,801	)
Financing costs		(9,179	)		(9,571	)		(4,527	)		(4,419	)
Net income		1,265			507			830			1,427
Net (income) loss attributable to noncontrolling interests in subsidiaries		(20	)		251			(44	)		(312	)
Net income attributable to common equity	$	1,245		$	758		$	786		$	1,115