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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Oct. 31, 2019
Oct. 31, 2018
Oct. 31, 2017
Revenue:      
Rental income $ 53,326 $ 51,267 $ 45,357
Reimbursements 6,429 6,093 5,597
Sundry income 522 637 680
Total revenue 60,277 57,997 51,634
Expenses:      
Operating expenses 17,917 16,245 15,848
Lease termination fee 620
Management fees 2,603 2,547 2,375
Real estate taxes 9,591 8,396 10,139
Depreciation 11,339 11,515 10,669
Total expenses 41,450 38,703 39,651
Operating income 18,827 19,294 11,983
Investment income 360 267 206
Unrealized (loss) gain on interest rate cap contract (160) 72
Gain on sale of property 836 15,395
Loan prepayment costs relating to property sale (1,139)
Interest expense including amortization of deferred financing costs (18,070) (18,667) (15,762)
Net income 1,793 966 10,683
Net (income) loss attributable to noncontrolling interests in subsidiaries (6) 517 2,433
Net income attributable to common equity $ 1,787 $ 1,483 $ 13,116
Earnings per share - basic and diluted: $ 0.26 $ 0.21 $ 1.92
Weighted average shares outstanding:      
Basic and diluted 6,940 6,883 6,833