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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2019
Apr. 30, 2018
Apr. 30, 2019
Apr. 30, 2018
Revenue:        
Rental income $ 13,325 $ 12,781 $ 26,486 $ 25,171
Reimbursements 1,337 1,411 2,995 2,987
Sundry income 124 133 233 361
Total revenue 14,786 14,325 29,714 28,519
Expenses:        
Operating expenses 4,571 4,208 8,438 8,350
Management fees 648 649 1,285 1,260
Real estate taxes 2,371 897 4,801 3,450
Depreciation 2,783 2,801 5,607 5,512
Total expenses 10,373 8,555 20,131 18,572
Operating income 4,413 5,770 9,583 9,947
Investment income 113 57 184 112
Unrealized (loss) gain on interest rate cap contract (5) 19 (159) 19
Gain on sale of property 836 836
Interest expense including amortization of deferred financing costs (4,527) (4,419) (9,179) (9,571)
Net income 830 1,427 1,265 507
Net (income) loss attributable to noncontrolling interests in subsidiaries (44) (312) (20) 251
Net income attributable to common equity $ 786 $ 1,115 $ 1,245 $ 758
Earnings per share - basic and diluted $ 0.11 $ 0.16 $ 0.18 $ 0.11
Weighted average shares outstanding:        
Basic and Diluted 6,932 6,876 6,923 6,869