Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Oct. 31, 2023

Selected Quarterly Financial Data (Unaudited) [Abstract]

Schedule of Quarterly Results of Operations

The following summary represents the results of operations for each quarter for the years ended October 31, 2023 and 2022 (in thousands, except per share amounts):

2023:	Quarter Ended										Year Ended
	January 31,		April 30,			July 31,			October 31,		October 31,
Revenue	$	6,979	$	6,916		$	7,296		$	7,153	$	28,344
Expenses, net		6,933		7,202			8,142			6,642		28,919
Net income (loss)		46		(286	)		(846	)		511		(575	)
Net loss attributable to noncontrolling interests in subsidiaries		373		383			434			145		1,335
Net income (loss) attributable to common equity	$	419	$	97		$	(412	)	$	656	$	760
Earnings (Loss) per share - basic and diluted	$	0.06	$	0.01		$	(0.06	)	$	0.09	$	0.10
Dividends declared per share	$	0.05	$	0.05		$	0.30		$	0.05	$	0.45

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

(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).