Segment information (Tables)

3 Months Ended

Jan. 31, 2022

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 attributable to common equity for the three month periods ended January 31, 2022 and 2021. Asset information is not reported since FREIT Maryland does not use this measure to assess performance.

	Three Months Ended
	January 31,
	2022		2021
	(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	4,321	$	6,351
Residential		6,338		6,609
Total real estate rental revenue		10,659		12,960
Real estate operating expenses:
Commercial		2,685		2,627
Residential		2,641		2,664
Total real estate operating expenses		5,326		5,291
Net operating income:
Commercial		1,636		3,724
Residential		3,697		3,945
Total net operating income	$	5,333	$	7,669

Recurring capital improvements - residential $ (48 ) $ (82 )

Reconciliation to condensed consolidated net income attributable to common equity:
Segment NOI	$	5,333		$	7,669
Deferred rents - straight lining		(10	)		(206	)
Investment income		26			30
General and administrative expenses		(1,327	)		(1,260	)
Loss on investment in tenancy-in-common		(124	)		(27	)
Depreciation		(1,820	)		(2,295	)
Net gain on sale of Maryland properties		70,003			-
Financing costs		(2,928	)		(3,132	)
Net income		69,153			779
Net income attributable to noncontrolling interests in subsidiaries		(23,376	)		(221	)
Net income attributable to common equity	$	45,777		$	558