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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Revenue:        
Rental income $ 13,409 $ 13,036 $ 39,895 $ 38,207
Reimbursements 1,701 1,441 4,696 4,428
Sundry income 145 154 378 515
Total revenue 15,255 14,631 44,969 43,150
Expenses:        
Operating expenses 4,747 3,993 13,185 12,311
Management fees 655 633 1,940 1,893
Real estate taxes 2,377 2,438 7,178 5,888
Depreciation 2,806 3,029 8,413 8,573
Total expenses 10,585 10,093 30,716 28,665
Operating income 4,670 4,538 14,253 14,485
Investment income 92 89 276 201
Unrealized (loss) gain on interest rate cap contract (1) 21 (160) 40
Gain on sale of property 836
Interest expense including amortization of deferred financing costs (4,496) (4,537) (13,675) (14,108)
Net income 265 111 1,530 618
Net (income) loss attributable to noncontrolling interests in subsidiaries (66) 181 (86) 432
Net income attributable to common equity $ 199 $ 292 $ 1,444 $ 1,050
Earnings per share - basic and diluted $ 0.03 $ 0.04 $ 0.21 $ 0.15
Weighted average shares outstanding:        
Basic 6,950 6,890 6,932 6,876
Diluted 6,951 6,890 6,932 6,876