Investment in tenancy-in-common (Tables)

12 Months Ended

Oct. 31, 2022

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Balance Sheet of Pierre Property

	October 31,		October 31,
	2022		2021
	(In Thousands of Dollars)
Real estate, net	$	76,042	$	78,023
Cash and cash equivalents		2,051		1,338
Tenants' security accounts		454		484
Receivables and other assets		583		510
Total assets	$	79,130	$	80,355
Mortgages payable, net of unamortized debt issuance costs	$	49,425	$	49,691
Accounts payable and accrued expenses		178		261
Tenants' security deposits		462		484
Deferred revenue		145		99
Equity		28,920		29,820
Total liabilities & equity	$	79,130	$	80,355
FREIT's investment in TIC (65% interest)	$	18,798	$	19,383

Schedule of Income Statement of Pierre Property

							For the period from
	Year Ended			Year Ended			February 28, 2020
	October 31, 2022			October 31, 2021			through October 31, 2020
	(In Thousands of Dollars)
Revenues	$	8,028		$	7,627		$	4,981
Operating expenses		4,594			4,311			2,786
Depreciation		2,183			2,166			1,435
Operating income		1,251			1,150			760
Interest expense including amortization
of deferred financing costs		1,601			1,604			1,070
Net loss	$	(350	)	$	(454	)	$	(310	)
FREIT's loss on investment in TIC (65% interest)	$	(228	)	$	(295	)	$	(202	)