Segment Information (Tables)

6 Months Ended

Apr. 30, 2024

Segment Information [Abstract]

Schedule of Condensed Consolidated Net Income Attributable to Common Equity

Asset information is not reported since FREIT does not use this measure to assess performance.

	Six Months Ended						Three Months Ended
	April 30,						April 30,
	2024			2023			2024			2023
	(In Thousands of Dollars)						(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	4,064		$	4,338		$	2,083		$	2,084
Residential		10,268			9,633			5,221			4,880
Total real estate rental revenue		14,332			13,971			7,304			6,964
Real estate operating expenses:
Commercial		2,593			2,488			1,266			1,241
Residential		4,455			4,337			2,273			2,197
Total real estate operating expenses		7,048			6,825			3,539			3,438
Net operating income:
Commercial		1,471			1,850			817			843
Residential		5,813			5,296			2,948			2,683
Total net operating income	$	7,284		$	7,146		$	3,765		$	3,526
Recurring capital improvements - residential	$	(265	)	$	(290	)	$	(169	)	$	(145	)
Reconciliation to condensed consolidated net income attributable to common equity:
Segment NOI	$	7,284		$	7,146		$	3,765		$	3,526
Deferred rents - straight lining		(58	)		(76	)		(29	)		(48	)
Investment income		686			407			279			218
General and administrative expenses		(2,823	)		(1,802	)		(1,015	)		(975	)
(Loss) gain on investment in tenancy-in-common		(47	)		(188	)		62			(121	)
Depreciation		(1,514	)		(1,454	)		(789	)		(732	)
Net loss on sale of Maryland properties		(171	)		(446	)		(92	)		(203	)
Financing costs		(3,624	)		(3,827	)		(1,782	)		(1,951	)
Net (loss) income		(267	)		(240	)		399			(286	)
Net loss attributable to noncontrolling interests in subsidiaries		288			756			134			383
Net income attributable to common equity	$	21		$	516		$	533		$	97