Segment information (Tables)

3 Months Ended

Jan. 31, 2021

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 condensed consolidated net income (loss) attributable to common equity for the three month periods ended January 31, 2021 and 2020. Asset information is not reported since FREIT does not use this measure to assess performance.

	Three Months Ended
	January 31,
	2021		2020
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	6,351	$	7,014
Residential		6,609		8,516
Total real estate rental revenue		12,960		15,530
Real estate operating expenses:
Commercial		2,627		2,724
Residential		2,664		3,641
Total real estate operating expenses		5,291		6,365
Net operating income:
Commercial		3,724		4,290
Residential		3,945		4,875
Total net operating income	$	7,669	$	9,165

Recurring capital improvements - residential $ (82 ) $ (96 )

Reconciliation to condensed consolidated net income (loss) attributable to common equity:
Segment NOI	$	7,669		$	9,165
Deferred rents - straight lining		(206	)		63
Investment income		30			72
General and administrative expenses		(1,260	)		(772	)
Special committee third party advisory, legal and other expenses		-			(3,382	)
Loss on investment in tenancy-in-common		(27	)		-
Depreciation		(2,295	)		(2,932	)
Financing costs		(3,132	)		(4,235	)
Net income (loss)		779			(2,021	)
Net income attributable to noncontrolling interests in subsidiaries		(221	)		(241	)
Net income (loss) attributable to common equity	$	558		$	(2,262	)