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Selected quarterly financial data (unaudited) (Tables)
 12 Months Ended
Oct. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Schedule of quarterly results of operation

The following summary represents the results of operations for each quarter for the years ended October 31, 2020 and 2019 (in thousands, except per share amounts):

2020:

Quarter Ended

Year Ended

January 31,

April 30,

July 31,

October 31,

October 31,

 

Revenue

$

15,593

$

13,688

$

12,149

(b)

$

11,297

$

52,727

Expenses

17,614

(13,448

)(a)

12,469

(b)

18,772

(c)

35,407

Net (loss) income

(2,021

)

27,136

(320

)

(7,475

)

17,320

 

Net (loss) income attributable to noncontrolling interests in subsidiaries

(241

)

84

139

3,251

3,233

Net (loss) income attributable to common equity  

$

(2,262

)

$

27,220

$

(181

)

$

(4,224

)

$

20,553

 

(Loss) Earnings per share - basic and diluted

$

(0.32

)

$

3.88

(a)

$

(0.02

)(b)

$

(0.60

)(c)

$

2.94

Dividends declared per share

$

—

$

—

$

—

$

—

$

—

 

 

2019:

Quarter Ended

Year Ended

January 31,

April 30,

July 31,

October 31,

October 31,

 

Revenue

$

14,928

$

14,786

$

15,255

$

15,308

$

60,277

Expenses

14,493

13,956

(d)

14,990

15,045

58,484

Net income

435

830

265

263

1,793

 

Net income (loss) attributable to noncontrolling interests in subsidiaries

24

(44

)

(66

)

80

(6

)

Net income attributable to common equity  

$

459

$

786

$

199

$

343

$

1,787

 

Earnings per share - basic and diluted

$

0.07

$

0.11

(d)

$

0.03

$

0.05

$

0.26

Dividends declared per share

$

0.15

$

0.125

$

0.125

$

0.20

$

0.60

 

(a) Includes $27.7 million gain on deconsolidation of subsidiary related to the Pierre Towers property which was deconsolidated from FREIT's operating results due to the conversion to a tenancy-in-common form of ownership on February 28, 2020. ($3.96 per share)

(b) Includes impact of the rejection of the lease for Cobb Theatre at the Rotunda retail property as of June 30, 2020 resulting in the reversal against revenue of uncollected rents in the amount of approximately $0.3 million and a straight-line rent receivable of approximately $0.4 million and the write-off of unamortized leasing commissions in the amount of approximately $0.2 million resulting in a net impact of approximately $0.9 million (with a consolidated impact to FREIT of approximately $0.5 million). ($0.07 per share)

(c) Includes write-off of Cobb Theatre's tenant improvements of approximately $7.3 million (with a consolidated impact to FREIT of approximately $4.4 million) at the Rotunda retail property due to COVID-19. ($0.62 per share)

(d) Includes $0.8 million gain on sale of the Patchogue, New York property sold on February 8, 2019. ($0.12 per share)