Organization and Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Subsidiaries in which FREIT has a Controlling Financial Interest

The consolidated financial statements include the accounts of FREIT and the following subsidiaries in which FREIT has a controlling financial interest, including two LLCs in which FREIT is the managing member with a 40% ownership interest:

Subsidiary	Owning Entity		% Ownership		Year Acquired/Organized
Westwood Hills, LLC		FREIT		40%		1994
Wayne PSC, LLC		FREIT		40%		2002
Damascus Centre, LLC		FREIT		70%		2003
Grande Rotunda, LLC		FREIT		60%		2005
WestFREIT, Corp		FREIT		100%		2007
FREIT Regency, LLC		FREIT		100%		2014
Station Place on Monmouth, LLC		FREIT		100%		2017
Berdan Court, LLC		FREIT		100%		2019

Schedule of Condensed Consolidated Balance Sheets

Corrections made to each affected quarterly reporting period within the fiscal year ended October 31, 2023, are as follows:

Condensed Consolidated Balance Sheets:
(In thousands)	January 31, 2023				April 30, 2023				July 31, 2023
	As Reported		As Restated		As Reported		As Restated		As Reported		As Restated
Cash and cash equivalents	$	37,187	$	31,514	$	35,717	$	18,633	$	38,134	$	17,757
Investments in U.S. Treasury securities available-for-sale	$	—	$	5,712	$	—	$	17,246	$	—	$	20,526
Accounts receivable, net	$	621	$	582	$	638	$	476	$	610	$	461
Other Assets	$	126,721	$	126,721	$	126,345	$	126,345	$	122,104	$	122,104
Total Assets	$	164,529	$	164,529	$	162,700	$	162,700	$	160,848	$	160,848

Schedule of Condensed Consolidated Statements of Cash Flows

Condensed Consolidated Statements of Cash Flows:
(In thousands)	January 31, 2023						April 30, 2023						July 31, 2023
	As Reported			As Restated			As Reported			As Restated			As Reported			As Restated
Operating activities:
Accreted interest on investment in U.S. Treasury securities	$	—		$	(39	)	$	—		$	(162	)	$	—		$	(154	)
Change in accounts receivable, prepaid expenses & other assets	$	97		$	136		$	(20	)	$	142		$	248		$	397
Net cash (used in) provided by operating activities	$	(862	)	$	(862	)	$	308		$	308		$	1,883		$	1,878
Investing activities:
Purchase of U.S. Treasury securities	$	—		$	(5,673	)	$	—		$	(17,084	)	$	—		$	(31,752	)
Proceeds from maturities of U.S. Treasury securities	$	—		$	—		$	—		$	—		$	—		$	11,380
Net cash used in investing activities	$	(354	)	$	(6,027	)	$	(1,432	)	$	(18,516	)	$	(1,748	)	$	(22,120	)
Cash, cash equivalents and restricted cash	$	45,519		$	39,846		$	44,351		$	27,267		$	43,389		$	23,012