Selected quarterly financial data (unaudited)

12 Months Ended

Oct. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Selected quarterly financial data (unaudited)

Note 17- Selected quarterly financial data (unaudited):

The following summary represents the results of operations for each quarter for the years ended October 31, 2022 and 2021 (in thousands, except per share amounts):

2022:	Quarter Ended												Year Ended
	January 31,			April 30,			July 31,			October 31,			October 31,
Revenue	$	10,649		$	6,615		$	6,959		$	7,048		$	31,271
Expenses, net		(58,504	)(a)		7,616	(b)		5,145	(c)		7,770	(d)		(37,973	)
Net income (loss)		69,153			(1,001	)		1,814			(722	)		69,244
Net (income) loss attributable to noncontrolling interests in subsidiaries		(23,376	)(a)		649	(b)		(693	)(c)		168	(d)		(23,252	)
Net income (loss) attributable to common equity	$	45,777		$	(352	)	$	1,121		$	(554	)	$	45,992
Earnings (Loss) per share - basic	$	6.51	(a)	$	(0.05	)(b)	$	0.16	(c)	$	(0.08	)(d)	$	6.52
Earnings (Loss) per share - diluted	$	6.45	(a)	$	(0.05	)(b)	$	0.16	(c)	$	(0.08	)(d)	$	6.45
Dividends declared per share	$	0.10		$	0.10		$	—		$	9.00		$	9.20

2021:	Quarter Ended												Year Ended
	January 31,			April 30,			July 31,			October 31,			October 31,
Revenue	$	12,754		$	12,804		$	12,542		$	12,191	(e)	$	50,291
Expenses, net		11,975			12,867			12,226			12,176			49,244
Net income (loss)		779			(63	)		316			15			1,047
Net (income) loss attributable to noncontrolling interests in subsidiaries		(221	)		72			(107	)		136			(120	)
Net income attributable to common equity	$	558		$	9		$	209		$	151		$	927
Earnings per share - basic and diluted	$	0.08		$	—		$	0.03		$	0.02		$	0.13
Dividends declared per share	$	0.05		$	0.05		$	0.05		$	0.10		$	0.25

(a) Includes $70 million gain on sale of the Maryland Properties with a consolidated impact to FREIT of approximately $46.3 million  ($6.58 per share basic and $6.52 per share diluted).

(b) Includes $1.2 million reduction in gain on sale of the Maryland Properties with a consolidated impact to FREIT of approximately $0.7 million  ($0.10 per share basic and diluted).

(c) Includes $1.4 million realized gain on Wayne PSC interest rate swap termination with a consolidated impact to FREIT of approximately $0.6 million  ($0.08 per share basic and diluted).

(d) Includes stock compensation expense of approximately $1.2 million for the incremental compensation cost attributed to the revaluation of the stock options modified on September 9, 2022 ($0.17 per share basic and diluted).

(e) Includes settle-ups of Common Area Maintenance with commercial tenants of approximately $0.7 million for the fiscal quarter ended October 31, 2021, of which approximately $0.4 million related to Fiscal 2020 and approximately $0.3 million related to prior quarters in Fiscal 2021.