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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands
9 Months Ended
Jul. 31, 2011
Jul. 31, 2010
Operating activities:    
Net income $ 4,887 $ 4,421
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 4,560 4,556
Amortization 435 376
Net amortization of acquired leases 18 22
Changes in operating assets and liabilities:    
Tenants' security accounts 59 109
Sundry receivables, prepaid expenses and other assets 565 (1,491)
Accounts payable, accrued expenses and other liabilities 973 1,557
Tenants' security deposits (78) (150)
Deferred revenue (281) (406)
Net cash provided by operating activities 11,138 8,994
Investing activities:    
Capital improvements - existing properties (940) (1,140)
Construction and pre-development costs (1,192) [1] (1,820)
Decrease in investment in US Treasury Bills 0 4,549
Net cash provided by (used in) investing activities (2,132) 1,589
Financing activities:    
Repayment of mortgages (2,290) (5,182)
Proceeds from construction loans 254 0
Deferred financing costs (40) (197)
Dividends paid (6,248) (6,249)
Distributions to noncontrolling interests (1,144) (1,022)
Net cash used in financing activities (9,468) (12,650)
Net decrease in cash and cash equivalents (462) (2,067)
Cash and cash equivalents, beginning of period 6,769 6,751
Cash and cash equivalents, end of period 6,307 4,684
Supplemental disclosure of cash flow data:    
Interest paid 8,046 8,136
Income taxes paid 2 0
Investing activities:    
Accrued capital expenditures, construction costs, pre-development costs and interest 401 35
Financing activities:    
Dividends declared but not paid $ 2,083 $ 2,083
[1] Includes $1,000 that was incurred and accrued in fiscal 2009.