Segment information (Tables)

12 Months Ended

Oct. 31, 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 consolidated net income attributable to common equity for each of the years in the three-year period ended October 31, 2019. Asset information is not reported since FREIT does not use this measure to assess performance.

	Years Ended October 31,
	2019			2018			2017
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	26,692		$	25,464		$	24,114
Residential		33,175			31,928			26,886
Total real estate rental revenue		59,867			57,392			51,000
Real estate operating expenses:
Commercial		11,694			11,861			11,791
Residential		14,368			13,022			14,442
Total real estate operating expenses		26,062			24,883			26,233
Net operating income:
Commercial		14,998			13,603			12,323
Residential		18,807			18,906			12,444
Total net operating income	$	33,805		$	32,509		$	24,767
Recurring capital improvements - residential	$	(685	)	$	(738	)	$	(798	)
Reconciliation to consolidated net income attributable to common equity:
Segment NOI	$	33,805		$	32,509		$	24,767
Gain on sale of property		836			—			15,395
Loan prepayment costs relating to property sale		—			—			(1,139	)
Deferred rents - straight lining		410			605			634
Lease termination fee		—			—			(620	)
Investment income		360			267			206
Unrealized (loss) gain on interest rate cap contract		(160	)		72			—
General and administrative expenses		(4,049	)		(2,305	)		(2,129	)
Depreciation		(11,339	)		(11,515	)		(10,669	)
Financing costs		(18,070	)		(18,667	)		(15,762	)
Net income		1,793			966			10,683
Net (income) loss attributable to  noncontrolling interests		(6	)		517			2,433
Net income attributable to common equity	$	1,787		$	1,483		$	13,116