CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Thousands	12 Months Ended
	Oct. 31, 2016 USD ($)		Oct. 31, 2015 USD ($)		Oct. 31, 2014 USD ($)
Operating activities:
Net income	$ 3,099		$ 2,912		$ 12,164
Adjustments to reconcile net income to net cash provided by operating activities (including discontinued operations):
Depreciation	7,852		6,883		6,346
Amortization	952		679		750
Stock based compensation expense	94		94		16
Trustee fees and related interest paid in stock units	683		752
Gain on sale of commercial property	(314)
Deferred rents - straight line rent	(608)		1,265	[1]	391
Bad debt expense	196		631		26
Net amortization of acquired leases			1		21
Gain on sale of discontinued operations					(8,734)
Changes in operating assets and liabilities:
Tenants' security accounts	109		104		46
Accounts receivable, prepaid expenses and other assets	(793)		(1,766)		(634)
Accounts payable, accrued expenses and deferred trustee compensation	(3,264)		392		1,812
Deferred revenue	54		95		190
Net cash provided by operating activities	8,060		12,042		12,394
Investing activities:
Proceeds from sale of commercial property	3,059
Capital improvements - existing properties	(9,927)		(4,158)		(3,770)
Construction and pre-development costs	(13,535)	[2]	(48,576)	[3]	(33,579)	[4]
Regency acquisition, net of proceeds held in escrow					(10,855)	[5]
Secured loans receivable to noncontrolling interest					(2,128)
Net cash used in investing activities	(20,403)		(52,734)		(50,332)
Financing activities:
Repayment of mortgages and construction loan	(28,314)		(4,117)		(13,260)
Repayment of credit line			(5,000)		(7,000)
Proceeds from mortgage loan refinancings	25,800		16,200		19,700
Proceeds from additional tranche of loan	2,320
Restricted loan proceeds held in escrow	(1,850)
Proceeds from construction loan	21,093		47,740		42,129
Proceeds from credit line					10,000
Proceeds from exercise of stock options	244
Deferred financing costs	(377)		(371)		(2,669)
Dividends paid	(8,072)		(8,129)		(10,812)
Repurchase of Company stock - Treasury shares			(2,169)		(2,213)
Additional investment by noncontrolling interest					5,791	[6]
Distributions to noncontrolling interests	(1,095)		(516)		(975)
Net cash provided by financing activities	9,749		43,638		40,691
Net increase (decrease) in cash and cash equivalents	(2,594)		2,946		2,753
Cash and cash equivalents, beginning of period	13,500		10,554		7,801
Cash and cash equivalents, end of period	10,906		13,500		10,554
Supplemental disclosure of cash flow data:
Interest paid, net of amounts capitalized	11,100		11,010		10,206
Investing activities:
Transfer from construction in progress to real estate for completion of Rotunda	124,423
Proceeds from sale of discontinued operation, held in escrow applied to 1031 replacement property					9,770
Accrued capital expenditures, construction costs, pre-development costs and interest	3,130		8,054		8,091
Financing activities:
Dividends declared but not paid	2,022		2,018		2,046
Dividends paid in share units	$ 76		$ 29

[1] Includes $1.1M straight line rent adjustment for bankrupt tenant ($0.15 per share)

[2] Includes $4,213 that was incurred and accrued in fiscal 2015; paid in fiscal 2016.

[3] Includes $5,523 that was incurred and accrued in fiscal 2014; paid in fiscal 2015.

[4] Includes $3,766 that was incurred and accrued in fiscal 2013; paid in fiscal 2014.

[5] Net of $9,770 of proceeds from the sale of South Brunswick property (see Note 2).

[6] Represents $5,791 investment in Grande Rotunda, LLC, of which $2,128 was loaned to noncontrolling interest by FREIT.