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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Beneficial Interest
Treasury Shares at Cost
Common Stock
Additional Paid-In-Capital
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income (Loss)
Total Common Equity
Noncontrolling Interests in Subsidiaries
Balance at Oct. 31, 2020 $ 30,863 $ 27,960 $ (2,863) $ 13,791 $ (3,986) $ 34,902 $ (4,039)
Balance (in Shares) at Oct. 31, 2020   7,145 137          
Stock based compensation expense 42 $ 31     11     42  
Vested share units granted to directors 488 $ 231   $ 1 256     488  
Vested share units granted to directors (in Shares)   14   14          
Vested share units issued to retired director [1] $ (72) $ 72          
Vested share units issued to retired director (in Shares) [1]   (4) (4)            
Distributions to noncontrolling interests in subsidiaries (1,350)             (1,350)
Net income (loss) 1,047         927   927 120
Dividends declared (1,755)         (1,755)   (1,755)  
Reincorporation of First Real Estate Investment Trust of New Jersey with and into FREIT $ (28,150) $ 2,791 $ 70 25,289      
Reincorporation of First Real Estate Investment Trust of New Jersey with and into FREIT (in Shares)   (7,155) (133) 7,022          
Net unrealized loss on interest rate swap contracts 2,616           1,969 1,969 647
Balance at Oct. 31, 2021 31,951 $ 71 25,556 12,963 (2,017) 36,573 (4,622)
Balance (in Shares) at Oct. 31, 2021   7,036          
Stock based compensation expense 1,192       1,192     1,192  
Vested share units granted to directors 1,861     $ 1 1,860     1,861  
Vested share units granted to directors (in Shares)       100          
Stock options exercised 2,028     $ 1 2,027     2,028  
Stock options exercised (in Shares)       185          
Distributions to noncontrolling interests in subsidiaries (20,091)           (20,091)
Net income (loss) 69,244         45,992   45,992 23,252
Dividends declared (65,163)         (65,163)   (65,163)  
Net unrealized loss on interest rate swap contracts 3,717           3,426 3,426 291
Balance at Oct. 31, 2022 24,739 $ 73 30,635 (6,208) 1,409 25,909 (1,170)
Balance (in Shares) at Oct. 31, 2022   7,321          
Stock based compensation expense 11       11     11  
Vested share units granted to directors 26       26     26  
Vested share units granted to directors (in Shares)       2          
Stock awards granted to Directors 140       140     140  
Stock awards granted to Directors (in Shares)       9          
Stock options exercised 1,263     $ 1 1,262     1,263  
Stock options exercised (in Shares)       118          
Distributions to noncontrolling interests in subsidiaries (3,535)           (3,535)
Net income (loss) (575)         760   760 (1,335)
Dividends declared (3,520)         (3,520)   (3,520)  
Net unrealized loss on interest rate swap contracts (73)           (73) (73)  
Balance at Oct. 31, 2023 $ 18,476 $ 74 $ 32,074 $ (8,968) $ 1,336 $ 24,516 $ (6,040)
Balance (in Shares) at Oct. 31, 2023   7,450          
[1] Represents the issuance of treasury shares to retired director for share units earned.