Dividends and earnings per share	12 Months Ended
Oct. 31, 2020
Earnings Per Share [Abstract]
Dividends and earnings per share	Note 12 - Dividends and earnings per share: FREIT did not declare any dividends to shareholders of record during Fiscal 2020. FREIT declared dividends of approximately $4,173,000 ($0.60 per share) and $1,035,000 ($0.15 per share) to shareholders of record during Fiscal 2019 and 2018, respectively. Basic earnings per share is calculated by dividing net income attributable to common equity (numerator) by the weighted average number of shares and vested share units (See Note 11 to FREIT’s consolidated financial statements) outstanding during each period (denominator). The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator is increased to include the number of additional shares that would have been outstanding if all potentially dilutive shares, such as those issuable upon the exercise of stock options, were issued during the period using the Treasury Stock method. Under the Treasury Stock method, the assumption is that the proceeds received upon exercise of the options, including the unrecognized stock option compensation expense attributable to future services, are used to repurchase FREIT’s stock at the average market price during the period, thereby reducing the number of shares to be added in computing diluted earnings per share. For Fiscal 2020, the outstanding stock options increased the average dilutive shares outstanding by approximately 1,500 shares with no impact on earnings per share. For Fiscal 2019 and 2018, the outstanding stock options were anti-dilutive with no impact on diluted earnings per share. There were approximately 268,000, 306,000 and 306,000, respectively, of anti-dilutive shares for the years ended October 31, 2020, 2019 and 2018. Anti-dilutive shares consist of out-of-the money stock options under the Equity Incentive Plan.

Dividends and earnings per share

12 Months Ended

Oct. 31, 2020

Note 12 - Dividends and earnings per share:

FREIT did not declare any dividends to shareholders of record during Fiscal 2020. FREIT declared dividends of approximately $4,173,000 ($0.60 per share) and $1,035,000 ($0.15 per share) to shareholders of record during Fiscal 2019 and 2018, respectively.

Basic earnings per share is calculated by dividing net income attributable to common equity (numerator) by the weighted average number of shares and vested share units (See Note 11 to FREIT’s consolidated financial statements) outstanding during each period (denominator). The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator is increased to include the number of additional shares that would have been outstanding if all potentially dilutive shares, such as those issuable upon the exercise of stock options, were issued during the period using the Treasury Stock method. Under the Treasury Stock method, the assumption is that the proceeds received upon exercise of the options, including the unrecognized stock option compensation expense attributable to future services, are used to repurchase FREIT’s stock at the average market price during the period, thereby reducing the number of shares to be added in computing diluted earnings per share.

For Fiscal 2020, the outstanding stock options increased the average dilutive shares outstanding by approximately 1,500 shares with no impact on earnings per share. For Fiscal 2019 and 2018, the outstanding stock options were anti-dilutive with no impact on diluted earnings per share. There were approximately 268,000, 306,000 and 306,000, respectively, of anti-dilutive shares for the years ended October 31, 2020, 2019 and 2018. Anti-dilutive shares consist of out-of-the money stock options under the Equity Incentive Plan.