Segment Information (Tables)

9 Months Ended

Jul. 31, 2024

Segment Information [Abstract]

Schedule of Condensed Consolidated Net Income (loss) Attributable to Common Equity

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

	Nine Months Ended						Three Months Ended
	July 31,						July 31,
	2024			2023			2024			2023
	(In Thousands of Dollars)						(In Thousands of Dollars)
Real estate rental revenue:
Commercial	$	5,921		$	6,613		$	1,857		$	2,275
Residential		15,588			14,669			5,320			5,036
Total real estate rental revenue		21,509			21,282			7,177			7,311
Real estate operating expenses:
Commercial		3,694			3,782			1,101			1,294
Residential		6,674			6,526			2,219			2,189
Total real estate operating expenses		10,368			10,308			3,320			3,483
Net operating income:
Commercial		2,227			2,831			756			981
Residential		8,914			8,143			3,101			2,847
Total net operating income	$	11,141		$	10,974		$	3,857		$	3,828
Recurring capital improvements - residential	$	(483	)	$	(407	)	$	(218	)	$	(117	)
Reconciliation to condensed consolidated net income (loss) attributable to common equity:
Segment NOI	$	11,141		$	10,974		$	3,857		$	3,828
Deferred rents - straight lining		(88	)		(91	)		(30	)		(15	)
Investment income		1,082			682			396			275
Litigation settlement, net of fees		15,711			—			15,711			—
General and administrative expenses		(3,752	)		(3,361	)		(929	)		(1,559	)
Loss on investment in tenancy-in-common		(143	)		(231	)		(96	)		(43	)
Depreciation		(2,249	)		(2,198	)		(735	)		(744	)
Net loss on sale of Maryland properties		(171	)		(1,003	)		—			(557	)
Financing costs		(5,463	)		(5,858	)		(1,839	)		(2,031	)
Net income (loss)		16,068			(1,086	)		16,335			(846	)
Net (income) loss attributable to noncontrolling interests in subsidiaries		(1,256	)		1,190			(1,544	)		434
Net income (loss) attributable to common equity	$	14,812		$	104		$	14,791		$	(412	)