Investment in tenancy-in-common (Tables)

3 Months Ended

Jan. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Balance Sheet of Pierre Property

	January 31,		October 31,
	2023		2022
	(In Thousands of Dollars)
Real estate, net	$	75,578	$	76,042
Cash and cash equivalents		2,455		2,051
Tenants' security accounts		471		454
Receivables and other assets		533		583
Total assets	$	79,037	$	79,130
Mortgages payable, net of unamortized debt issuance costs	$	49,359	$	49,425
Accounts payable and accrued expenses		245		178
Tenants' security deposits		476		462
Deferred revenue		140		145
Equity		28,817		28,920
Total liabilities & equity	$	79,037	$	79,130
FREIT's investment in TIC (65% interest)	$	18,731	$	18,798

Schedule of Income Statement of Pierre Property

	Three Months Ended January 31,
	2023			2022
	(In Thousands of Dollars)
Revenue	$	2,069		$	1,954
Operating expenses		1,222			1,201
Depreciation		550			542
Operating income		297			211
Interest expense including amortization of deferred financing costs		400			401
Net loss	$	(103	)	$	(190	)
FREIT's loss on investment in TIC (65% interest)	$	(67	)	$	(124	)