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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Revenues        
Lease income $ 30,203 $ 33,349 $ 63,148 $ 66,610
Gain (Loss) on Contract Termination 139 0 348 17
Other 938 756 2,132 1,745
Total Revenues 31,280 34,105 65,628 68,372
Expenses        
Property operating 4,801 5,905 10,730 11,835
Property taxes 5,908 5,805 11,718 11,718
Depreciation and amortization 7,148 6,985 14,283 13,925
General and administrative 3,607 2,265 6,384 4,919
Directors' fees and expenses 88 84 193 192
Total Operating Expenses 21,552 21,044 43,308 42,589
Operating Income 9,728 13,061 22,320 25,783
Non-Operating Income (Expense):        
Interest expense (3,309) (3,532) (6,648) (7,110)
Equity in net income from unconsolidated joint ventures 463 376 976 718
Unrealized holding gain or (loss) arising during the periods 109 0 109 0
Marketable Securities, Realized Gain (Loss) 0 0 0 403
Gain or (Loss) on sale of property 11 0 (328) 0
Interest, dividends and other investment income 238 55 332 184
Net Income 7,240 9,960 16,761 19,978
Noncontrolling interests:        
Net income attributable to noncontrolling interests (1,028) (1,100) (2,066) (2,201)
Net income attributable to Urstadt Biddle Properties Inc. 6,212 8,860 14,695 17,777
Preferred stock dividends (3,413) (3,062) (6,825) (6,125)
Net Income Applicable to Common and Class A Common Stockholders 2,799 5,798 7,870 11,652
Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 607 $ 1,221 $ 1,705 $ 2,453
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.07 $ 0.14 $ 0.19 $ 0.28
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.07 0.14 0.18 0.27
Dividends Per Share:        
Common (in dollars per share) $ 0.25 $ 0.245 $ 0.50 $ 0.49
Class A Common Stock [Member]        
Noncontrolling interests:        
Net Income Applicable to Common and Class A Common Stockholders $ 2,192 $ 4,577 $ 6,165 $ 9,198
Basic Earnings Per Share:        
Per Common Share (in dollars per share) $ 0.07 $ 0.16 $ 0.21 $ 0.31
Diluted Earnings Per Share:        
Per Common Share (in dollars per share) 0.07 0.15 0.21 0.31
Dividends Per Share:        
Common (in dollars per share) $ 0.28 $ 0.275 $ 0.56 $ 0.55