Urstadt Biddle Properties (UBA) 10-Q 9 Jun 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
Entity Information [Line Items]	'	'
Entity Registrant Name	'URSTADT BIDDLE PROPERTIES INC	'
Entity Central Index Key	'0001029800	'
Current Fiscal Year End Date	'--10-31	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Accelerated Filer	'
Entity Public Float	'	$43,763,605
Entity Common Stock, Shares Outstanding	9,190,458	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Apr-14	'
Class A Common Stock [Member]	'	'
Entity Information [Line Items]	'	'
Entity Public Float	'	$512,163,901
Entity Common Stock, Shares Outstanding	23,608,721	'

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Apr. 30, 2014	Oct. 31, 2013
In Thousands, unless otherwise specified
Real Estate Investments:	'	'
Core properties - at cost	$773,475	$731,564
Non-core properties - at cost	0	595
Total investment property - at cost	773,475	732,159
Less: Accumulated depreciation	-163,094	-155,272
Investment property at cost - net	610,381	576,887
Investments in and advances to unconsolidated joint ventures	39,028	31,432
Total real estate investments	649,409	608,319
Cash and cash equivalents	8,586	2,945
Restricted cash	2,004	1,397
Tenant receivables	20,871	21,077
Prepaid expenses and other assets	10,343	10,898
Deferred charges, net of accumulated amortization	5,247	5,390
Total Assets	696,460	650,026
Liabilities:	'	'
Revolving credit lines	36,300	9,250
Mortgage notes payable and other loans	180,040	166,246
Accounts payable and accrued expenses	2,599	1,450
Deferred compensation - officers	174	176
Other liabilities	14,851	15,147
Total Liabilities	233,964	192,269
Redeemable Noncontrolling Interests	12,097	11,843
Stockholders' Equity:	'	'
Excess Stock, par value $.01 per share; 10,000,000 shares authorized; none issued and outstanding	0	0
Common Stock, par value $.01 per share	92	90
Additional paid in capital	369,194	367,070
Cumulative distributions in excess of net income	-109,833	-112,168
Accumulated other comprehensive (loss)	85	62
Total Stockholders' Equity	450,399	445,914
Total Liabilities and Stockholders' Equity	696,460	650,026
Class A Common Stock [Member]	'	'
Stockholders' Equity:	'	'
Common Stock, par value $.01 per share	236	235
7.5% Series D Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock (liquidation preference $25 per share)	61,250	61,250
7.125% Series F Senior Redeemable Preferred Stock [Member]	'	'
Stockholders' Equity:	'	'
Preferred Stock (liquidation preference $25 per share)	$129,375	$129,375

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	Apr. 30, 2014	Oct. 31, 2013
Stockholders' Equity:	'	'
Excess Stock, par value (in dollars per share)	$0.01	$0.01
Excess Stock, shares authorized (in shares)	20,000,000	20,000,000
Excess Stock, shares issued (in shares)	0	0
Excess Stock, shares outstanding (in shares)	0	0
Common Stock, par value (in dollars per share)	$0.01	$0.01
Common Stock, shares authorized (in shares)	30,000,000	30,000,000
Common Stock, shares issued (in shares)	9,190,458	9,035,212
Common Stock, shares outstanding (in shares)	9,190,458	9,035,212
Class A Common Stock [Member]	'	'
Stockholders' Equity:	'	'
Common Stock, par value (in dollars per share)	$0.01	$0.01
Common Stock, shares authorized (in shares)	100,000,000	100,000,000
Common Stock, shares issued (in shares)	23,608,721	23,530,704
Common Stock, shares outstanding (in shares)	23,608,721	23,530,704
Series D Senior Cumulative Preferred Stock [Member]	'	'
Liabilities:	'	'
Preferred Stock, liquidation preference (in dollars per share)	$25	$25
Redeemable Preferred Stock, shares issued (in shares)	2,450,000	2,450,000
Redeemable Preferred Stock, shares outstanding (in shares)	2,450,000	2,450,000
Stockholders' Equity:	'	'
Preferred Stock, Dividend Rate at Period End, Percentage	7.50%	7.50%
Series F Senior Redeemable Preferred Stock [Member]	'	'
Liabilities:	'	'
Preferred Stock, liquidation preference (in dollars per share)	$25	$25
Redeemable Preferred Stock, shares issued (in shares)	5,175,000	5,175,000
Redeemable Preferred Stock, shares outstanding (in shares)	5,175,000	5,175,000
Stockholders' Equity:	'	'
Preferred Stock, Dividend Rate at Period End, Percentage	7.13%	7.13%

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
Revenues	'	'	'	'
Base rents	$18,780	$17,095	$36,993	$34,036
Recoveries from tenants	6,751	5,564	13,133	11,887
Lease termination income	0	24	52	24
Other income	421	375	968	1,100
Total Revenues	25,952	23,058	51,146	47,047
Expenses	'	'	'	'
Property operating	5,950	4,437	10,876	9,695
Property taxes	4,235	3,729	8,567	7,537
Depreciation and amortization	4,859	4,210	9,435	8,348
General and administrative	1,983	1,994	4,087	4,146
Provision for Loan and Lease Losses	232	223	359	476
Acquisition costs	42	125	413	278
Directors' fees and expenses	82	72	172	180
Total Operating Expenses	17,383	14,790	33,909	30,660
Operating Income	8,569	8,268	17,237	16,387
Non-Operating Income (Expense):	'	'	'	'
Interest expense	-2,605	-2,023	-5,009	-4,243
Equity in net income (loss) from unconsolidated joint ventures	499	419	805	601
Interest, dividends and other investment income	19	510	70	1,242
Income From Continuing Operations Before Discontinued Operations	6,482	7,174	13,103	13,987
Discontinued operations:	'	'	'	'
Income from discontinued operations	0	382	141	765
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	0	0	12,612	0
Income from discontinued operations inclusive of operating income during the phase out period and the gain on sale of sale of asset	0	382	12,753	765
Net Income	6,482	7,556	25,856	14,752
Noncontrolling interests:	'	'	'	'
Net income attributable to noncontrolling interests	-148	-135	-304	-317
Net income attributable to Urstadt Biddle Properties Inc.	6,334	7,421	25,552	14,435
Preferred stock dividends	-3,453	-3,929	-6,906	-7,890
Redemption of Preferred Stock	0	-406	0	-4,165
Net Income Applicable to Common and Class A Common Stockholders	2,881	3,086	18,646	2,380
Basic Earnings Per Share:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.09	$0.08	$0.17	$0.05
Income from discontinued operations (in dollars per share)	$0	$0.01	$0.38	$0.02
Net Income Applicable to Common Stockholders (in dollars per share)	$0.09	$0.09	$0.55	$0.07
Diluted Earnings Per Share:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.08	$0.08	$0.17	$0.05
Income from discontinued operations (in dollars per share)	$0	$0.01	$0.37	$0.02
Net Income Applicable to Common Stockholders (in dollars per share)	$0.08	$0.09	$0.54	$0.07
Dividends Per Share:	'	'	'	'
Common (in dollars per share)	$0.23	$0.23	$0.45	$0.45
Class A Common Stock [Member]	'	'	'	'
Noncontrolling interests:	'	'	'	'
Net Income Applicable to Common and Class A Common Stockholders	$2,217	$2,385	$14,349	$1,840
Basic Earnings Per Share:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.10	$0.09	$0.20	$0.05
Income from discontinued operations (in dollars per share)	$0	$0.01	$0.42	$0.03
Net Income Applicable to Common Stockholders (in dollars per share)	$0.10	$0.10	$0.62	$0.08
Diluted Earnings Per Share:	'	'	'	'
Income from continuing operations (in dollars per share)	$0.09	$0.09	$0.19	$0.05
Income from discontinued operations (in dollars per share)	$0	$0.01	$0.41	$0.03
Net Income Applicable to Common Stockholders (in dollars per share)	$0.09	$0.10	$0.60	$0.08
Dividends Per Share:	'	'	'	'
Common (in dollars per share)	$0.25	$0.25	$0.51	$0.50

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013
STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]	'	'	'	'
Net Income	$6,482	$7,556	$25,856	$14,752
Other comprehensive income:	'	'	'	'
Change in unrealized gain/(losses) in marketable equity securities	7	968	8	1,613
Change in unrealized loss on interest rate swaps	1	-11	15	23
Total comprehensive income	6,490	8,513	25,879	16,388
Comprehensive income attributable to noncontrolling interests	-148	-135	-304	-317
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.	6,342	8,378	25,575	16,071
Preferred stock dividends	-3,453	-3,929	-6,906	-7,890
Redemption of Preferred Stock	0	-406	0	-4,165
Total comprehensive income (loss) applicable to Common and Class A Common Stockholders	$2,889	$4,043	$18,669	$4,016

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2014	Apr. 30, 2013
Cash Flows from Operating Activities:	'	'
Net Income	$25,856	$14,752
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation And Amortization Including Discontinued Operations Depreciation and Amortization	9,435	8,348
Straight-line rent adjustment	170	-49
Provisions for tenant credit losses	359	476
Restricted stock compensation expense and other adjustments	2,003	2,027
Gain (Loss) on Sale of Properties	-12,612	0
Deferred compensation arrangement	-2	2
Equity in net (income)/loss of unconsolidated joint ventures	-805	-601
Changes in operating assets and liabilities:	'	'
Tenant receivables	-763	-1,232
Accounts payable and accrued expenses	1,165	670
Other assets and other liabilities, net	-1,859	683
Restricted Cash	-607	-482
Net Cash Flow Provided by Operating Activities	22,340	24,594
Cash Flows from Investing Activities:	'	'
Acquisitions of real estate investments	-21,020	-14,219
Investments in and advances to unconsolidated joint venture	-6,592	-18,003
Repayment of advance to unconsolidated joint venture	0	13,170
Purchase of marketable securities	0	-27,863
Returns of deposits on real estate investments	0	400
Deposits on acquisition of real estate investments	-1,250	-414
Improvements to properties and deferred charges	-8,685	-2,683
Net proceeds from sale of property	17,401	4,475
Distributions to noncontrolling interests	-304	-317
Distributions from unconsolidated joint ventures	1,009	416
Payments received on mortgage notes and other receivables	480	562
Net Cash Flow (Used in) Investing Activities	-18,961	-44,476
Cash Flows from Financing Activities:	'	'
Dividends paid - Common and Class A Common Stock	-16,057	-15,826
Dividends paid - Preferred Stock	-6,906	-7,890
Principal repayments on mortgage notes payable	-1,948	-1,450
Return of escrow deposit	0	1,286
Repayments on revolving credit line borrowings	-4,000	-11,600
Proceeds from revolving credit line borrowings	31,050	0
Sales of additional shares of Common and Class A Common Stock	123	123
Repurchase of shares of Common Stock	0	-18
Net Cash Flow (Used in) Financing Activities	2,262	-35,375
Net (Decrease) In Cash and Cash Equivalents	5,641	-55,257
Cash and Cash Equivalents at Beginning of Period	2,945	78,092
Cash and Cash Equivalents at End of Period	8,586	22,835
Interest Paid	$5,016	$4,041

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)

Total

Common Stock [Member]

Class A Common Stock [Member]

7.5% Series D Preferred Stock [Member]

7.5% Series D Preferred Stock [Member]

7.125% Series F Senior Redeemable Preferred Stock [Member]

7.125% Series F Senior Redeemable Preferred Stock [Member]

Common Stock [Member]

Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Additional Paid In Capital [Member]

Additional Paid In Capital [Member]

Cumulative Distributions in Excess of Net Income [Member]

Cumulative Distributions in Excess of Net Income [Member]

Accumulated Other Comprehensive Income (loss) [Member]

Accumulated Other Comprehensive Income (loss) [Member]

In Thousands, except Share data, unless otherwise specified

Class A Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Balance at Oct. 31, 2013

$445,914

'

'

$61,250

'

$129,375

'

$90

'

$235

'

$367,070

'

($112,168)

'

$62

'

Balance (in shares) at Oct. 31, 2013

'

'

'

2,450,000

'

5,175,000

'

9,035,212

'

23,530,704

'

'

'

'

'

'

'

Comprehensive Income:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net (loss) applicable to Common and Class A common stockholders

18,646

4,297

14,349

0

'

0

'

0

'

0

'

0

'

18,646

'

0

'

Change in unrealized gains (losses) in marketable securities

8

'

'

0

'

0

'

0

'

0

'

0

'

0

'

8

'

Change in unrealized (loss) on interest rate swap

15

'

'

0

'

0

'

0

'

0

'

0

'

0

'

15

'

Common stock

-4,135

'

-11,922

0

0

0

0

0

0

0

0

0

0

-4,135

-11,922

0

0

Issuance of shares under dividend reinvestment plan

124

'

'

0

'

0

'

0

'

0

'

124

'

0

'

0

'

Issuance of shares under dividend reinvestment plan (in shares)

'

'

'

'

'

'

'

3,246

'

3,517

'

'

'

'

'

'

'

Shares issued under restricted stock plan

0

'

'

0

'

0

'

2

'

1

'

-3

'

0

'

0

'

Shares issued under restricted stock plan (in shares)

'

'

'

'

'

'

'

152,000

'

80,500

'

'

'

'

'

'

'

Restricted stock compensation and other adjustments

2,003

'

'

0

'

0

'

0

'

0

'

2,003

'

0

'

0

'

Forfeiture of restricted stock

0

'

'

0

'

0

'

0

'

0

'

0

'

0

'

0

'

Forfeiture of restricted stock (in shares)

'

'

'

'

'

'

'

'

'

-6,000

'

'

'

'

'

'

'

Adjustments to redeemable noncontrolling interests

-254

'

'

0

'

0

'

0

'

0

'

0

'

-254

'

0

'

Balance at Apr. 30, 2014

$450,399

'

'

$61,250

'

$129,375

'

$92

'

$236

'

$369,194

'

($109,833)

'

$85

'

Balance (in shares) at Apr. 30, 2014

'

'

'

2,450,000

'

5,175,000

'

9,190,458

'

23,608,721

'

'

'

'

'

'

'

CONSOLIDATED_STATEMENT_OF_STOC1

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (USD $)	6 Months Ended
	Apr. 30, 2014
Common stock, dividends per share declared (in dollars per share)	$0.45
Class A Common Stock [Member]	'
Common stock, dividends per share declared (in dollars per share)	$0.51
7.5% Series D Preferred Stock [Member]	'
Preferred stock, dividend rate (in hundredths)	7.50%
7.125% Series F Senior Redeemable Preferred Stock [Member]	'
Preferred stock, dividend rate (in hundredths)	7.13%

ORGANIZATION_BASIS_OF_PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2014
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	(1) ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Business
	Urstadt Biddle Properties Inc. ("Company"), a real estate investment trust (REIT), is engaged in the acquisition, ownership and management of commercial real estate, primarily neighborhood and community shopping centers in the northeastern part of the United States.  The Company's major tenants include supermarket chains and other retailers who sell basic necessities.  At April 30, 2014, the Company owned or had equity interests in 67 properties containing a total of 5.0 million square feet of Gross Leasable Area ("GLA").
	Principles of Consolidation and Use of Estimates
	The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and joint ventures in which the Company meets certain criteria of a sole general partner in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 810, "Consolidation" and ASC Topic 970-810 "Real Estate-General-Consolidation". The Company has determined that such joint ventures should be consolidated into the consolidated financial statements of the Company. In accordance with ASC Topic 970-323 "Real Estate-General-Equity Method and Joint Ventures", joint ventures that the Company does not control but otherwise exercises significant influence in, are accounted for under the equity method of accounting. See Note 5 for further discussion of the unconsolidated joint ventures. All significant intercompany transactions and balances have been eliminated in consolidation.
	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Results of operations for the six month period ended April 30, 2014 are not necessarily indicative of the results that may be expected for the year ending October 31, 2014. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's annual report on Form 10-K for the fiscal year ended October 31, 2013.
	The preparation of financial statements requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition, fair value estimates, and the collectability of tenant receivables and other assets and liabilities.  Actual results could differ from these estimates.  The balance sheet at October 31, 2013 has been derived from audited financial statements at that date.
	Federal Income Taxes
	The Company has elected to be treated as a REIT under Sections 856-860 of the Internal Revenue Code (Code).  Under those sections, a REIT that, among other things, distributes at least 90% of real estate trust taxable income and meets certain other qualifications prescribed by the Code will not be taxed on that portion of its taxable income that is distributed.  The Company believes it qualifies as a REIT and intends to distribute all of its taxable income for fiscal 2014 in accordance with the provisions of the Code.  Accordingly, no provision has been made for Federal income taxes in the accompanying consolidated financial statements.
	The Company follows the provisions of ASC Topic 740, "Income Taxes" that, among other things, defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.   Based on its evaluation, the Company determined that it has no uncertain tax positions and no unrecognized tax benefits as of April 30, 2014. As of April 30, 2014, the fiscal tax years 2010 through and including 2013 remain open to examination by the Internal Revenue Service.  There are currently no federal tax examinations in progress.
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and tenant receivables.  The Company places its cash and cash equivalents with high quality financial institutions and the balances at times could exceed federally insured limits.  The Company performs ongoing credit evaluations of its tenants and may require certain tenants to provide security deposits or letters of credit.  Though these security deposits and letters of credit are insufficient to meet the terminal value of a tenant's lease obligation, they are a measure of good faith and a source of funds to offset the economic costs associated with lost rent and the costs associated with re-tenanting the space.  The Company has no dependency upon any single tenant.
	Derivative Financial Instruments
	The Company occasionally utilizes derivative financial instruments, such as interest rate swaps, to manage its exposure to fluctuations in interest rates. The Company has established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. Derivative financial instruments must be effective in reducing the Company's interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. The Company has not entered into, and does not plan to enter into, derivative financial instruments for trading or speculative purposes. Additionally, the Company has a policy of entering into derivative contracts only with major financial institutions.
	As of April 30, 2014, the Company believes it has no significant risk associated with non-performance of the financial institution that is the counterparty to its derivative contracts.  At April 30, 2014, the Company had approximately $3.7 million in secured mortgage financings subject to interest rate swaps. Such interest rate swaps converted the LIBOR-based variable rate on the mortgage financings to a fixed annual rate of 3.95% per annum. As of April 30, 2014, the Company had a deferred asset of $96,750 (included in prepaid expenses and other assets on the consolidated balance sheets) relating to the fair value of the Company's interest rate swaps applicable to secured mortgages.  Charges and/or credits relating to the changes in fair values of such interest rate swaps are made to other comprehensive income as the swap is deemed effective and is classified as a cash flow hedge.
	Comprehensive Income
	Comprehensive income is comprised of net income applicable to Common and Class A Common stockholders and other comprehensive income (loss). Other comprehensive income includes items that are otherwise recorded directly in stockholders' equity, such as unrealized gains or losses on marketable securities and unrealized gains and losses on interest rate swaps designated as cash flow hedges. At April 30, 2014, accumulated other comprehensive income consisted of net unrealized losses on marketable securities of approximately $11,400 and net unrealized gains on an interest rate swap agreement of $96,750.  At October 31, 2013, accumulated other comprehensive income consisted of net unrealized losses on marketable securities of approximately $19,000 and net unrealized gains on an interest rate swap agreement of approximately $81,000. Unrealized gains and losses included in other comprehensive income will be reclassified into earnings as gains and losses are realized.
	Asset Impairment
	On a periodic basis, management assesses whether there are any indicators that the value of its real estate investments may be impaired.  A property value is considered impaired when management's estimate of current and projected operating cash flows (undiscounted and without interest) of the property over its remaining useful life is less than the net carrying value of the property.  Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors.  To the extent impairment has occurred, the loss is measured as the excess of the net carrying amount of the property over the fair value of the asset.  Changes in estimated future cash flows due to changes in the Company's plans or market and economic conditions could result in recognition of impairment losses which could be substantial.  Management does not believe that the value of any of its real estate investments is impaired at April 30, 2014.
	Property Held for Sale and Discontinued Operations
	The Company has early adopted FASB Accounting Standards Update No. 2014-08 "Presentation of Financial Statements (ASC Topic 205) and Property, Plant, and Equipment (ASC Topic 360)" (together, "ASU 2014-08"), which change the requirements for reporting discontinued operations in accordance with ASC Topic 205-20.  As a result of this update, beginning in this fiscal quarter, the Company will no longer classify individual properties that are either disposed of or are classified as held for sale as discontinued operations in the consolidated statement of income if the removal, or anticipated removal, of the asset(s) from the reporting entity does not represent a strategic shift that has or will have a major effect on an entity's operations and financial results when disposed of.  ASU 2014-08 requires previously reported assets that qualified for discontinued operations reporting to continue to be reported in that manner.
	In April 2014, the Company reached a decision to actively market for sale one of its properties located in Springfield, MA as that property no longer met the Company's investment objectives.  In accordance with ASC 360-10-45, the asset met all of the criteria to be classified as held for sale but because the net book value of the Springfield asset is insignificant to financial statement presentation the Company will not include the asset as held for sale on the consolidated balance sheet for all periods presented.  The Company hopes to find a buyer and to complete the sale in fiscal 2014.
	The operating results of the Springfield property which are included in the continuing operations were as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Revenues		$	2,106		$	2,203		$	1,121		$	1,031
	Property operating expense			(1,070	)		(1,019	)		(652	)		(496	)
	Depreciation and amortization			(341	)		(326	)		(163	)		(163	)
	Net Income		$	695		$	858		$	306		$	372
	In December 2013, prior to the adoption of ASU 2014-08, the Company sold its two distribution service facilities in its non-core portfolio and one core property for $18.1 million, resulting in a gain on sale of properties of $12.6 million.  In accordance with ASC 360 and 205 the operating results of the distribution service facilities are shown as discontinued operations on the consolidated statements of income for the six and three month periods ended April 30, 2014 and 2013.  The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations.
	The combined operating results for the distribution service facilities have been reclassified as discontinued operations in the accompanying consolidated statements of income.  The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Revenues		$	141		$	798		$	-		$	399
	Property operating expense			-			-			-			-
	Depreciation and amortization			-			(33	)		-			(17	)
	Income from discontinued operations		$	141		$	765		$	-		$	382
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented.  Cash flows from discontinued operations are as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Cash flows from operating activities		$	(12,471	)	$	798		$	-		$	399
	Cash flows from investing activities		$	17,401		$	-		$	-		$	-
	Cash flows from financing activities		$	-		$	-		$	-		$	-
	Revenue Recognition
	Revenues from operating leases include revenues from core properties and non-core properties. Rental income is generally recognized based on the terms of leases entered into with tenants.  In those instances in which the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant.  When the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition when possession or control of the space is turned over to the tenant for tenant work to begin.  Minimum rental income from leases with scheduled rent increases is recognized on a straight-line basis over the lease term.  At April 30, 2014 and October 31, 2013, $14,908,000 and $13,719,000, respectively, has been recognized as straight-line rents receivable (representing the current net cumulative rents recognized prior to when billed and collectible as provided by the terms of the leases), all of which is included in tenant receivables in the accompanying consolidated financial statements.  Percentage rent is recognized when a specific tenant's sales breakpoint is achieved.  Property operating expense recoveries from tenants of common area maintenance, real estate taxes and other recoverable costs are recognized in the period the related expenses are incurred.  Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms.  Lease termination amounts are recognized in operating revenues when there is a signed termination agreement, all of the conditions of the agreement have been met, the tenant is no longer occupying the property and the termination consideration is probable of collection. Lease termination amounts are paid by tenants who want to terminate their lease obligations before the end of the contractual term of the lease by agreement with the Company. There is no way of predicting or forecasting the timing or amounts of future lease termination fees.  Interest income is recognized as it is earned.  Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses under U.S. GAAP have been met.
	The Company provides an allowance for doubtful accounts against the portion of tenant receivables (including an allowance for future tenant credit losses of approximately 10% of the deferred straight-line rents receivable) which is estimated to be uncollectible.  Such allowances are reviewed periodically.  At April 30, 2014 and October 31, 2013, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,436,000 and $3,604,000, respectively.
	Real Estate
	Land, buildings, property improvements, furniture/fixtures and tenant improvements are recorded at cost. Expenditures for maintenance and repairs are charged to operations as incurred.  Renovations and/or replacements, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.
	The amounts to be capitalized as a result of an acquisition and the periods over which the assets are depreciated or amortized are determined based on estimates as to fair value and the allocation of various costs to the individual assets. The Company allocates the cost of an acquisition based upon the estimated fair value of the net assets acquired.  The Company also estimates the fair value of intangibles related to its acquisitions.  The valuation of the fair value of intangibles involves estimates related to market conditions, probability of lease renewals and the current market value of in-place leases.  This market value is determined by considering factors such as the tenant's industry, location within the property and competition in the specific region in which the property operates.  Differences in the amount attributed to the intangible assets can be significant based upon the assumptions made in calculating these estimates.
	The Company is required to make subjective assessments as to the useful life of its properties for purposes of determining the amount of depreciation.  These assessments have a direct impact on the Company's net income.
	Properties are depreciated using the straight-line method over the estimated useful lives of the assets.  The estimated useful lives are as follows:
	Buildings	30-40 years
	Property Improvements	10-20 years
	Furniture/Fixtures	3-10 years
	Tenant Improvements	Shorter of lease term or their useful life
	Earnings Per Share
	The Company calculates basic and diluted earnings per share in accordance with the provisions of ASC Topic 260, "Earnings Per Share."  Basic earnings per share ("EPS") excludes the impact of dilutive shares and is computed by dividing net income applicable to Common and Class A Common stockholders by the weighted average number of Common shares and Class A Common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue Common shares or Class A Common shares were exercised or converted into Common shares or Class A Common shares and then shared in the earnings of the Company.  Since the cash dividends declared on the Company's Class A Common stock are higher than the dividends declared on the Common Stock, basic and diluted EPS have been calculated using the "two-class" method.  The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to the weighted average of the dividends declared, outstanding shares per class and participation rights in undistributed earnings.
	The following table sets forth the reconciliation between basic and diluted EPS (in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
		2014			2013			2014			2013
Numerator
Net income applicable to common stockholders – basic		$	4,297		$	540		$	664		$	701
Effect of dilutive securities:
Restricted stock awards			241			38			43			55
Net income applicable to common stockholders – diluted		$	4,538		$	578		$	707		$	756
Denominator
Denominator for basic EPS – weighted average common shares			7,799			7,544			7,800			7,545
Effect of dilutive securities:
Restricted stock awards			644			773			742			866
Denominator for diluted EPS – weighted average common equivalent shares			8,443			8,317			8,542			8,411
Numerator
Net income applicable to Class A common stockholders-basic		$	14,349		$	1,840		$	2,217		$	2,385
Effect of dilutive securities:
Restricted stock awards			(241	)		(38	)		(43	)		(55	)
Net income applicable to Class A common stockholders – diluted		$	14,108		$	1,802		$	2,174		$	2,330
Denominator
Denominator for basic EPS – weighted average Class A common shares			23,208			23,120			23,206			23,121
Effect of dilutive securities:
Restricted stock awards			184			208			221			246
Denominator for diluted EPS – weighted average Class A common equivalent shares			23,392			23,328			23,427			23,367
Segment Reporting
The Company operates in one industry segment, ownership of commercial real estate properties which are located principally in the northeastern United States.  The Company does not distinguish its property operations for purposes of measuring performance.  Accordingly, the Company believes it has a single reportable segment for disclosure purposes.
Stock-Based Compensation
The Company accounts for its stock-based compensation plans under the provisions of ASC Topic 718, "Stock Compensation", which requires that compensation expense be recognized, based on the fair value of the stock awards less estimated forfeitures.  The fair value of stock awards is equal to the fair value of the Company's stock on the grant date.
Reclassifications
Certain prior period amounts have been reclassified to conform to the current period's presentation.
New Accounting Standards
In April 2014, FASB issued ASU 2014-08 which changes the requirements for reporting discontinued operations in ASC Subtopic 205-20.  This pronouncement has been early adopted by the Company in the second quarter of fiscal 2014 and as a result the Company has not included a property that began to qualify as held for sale in the second quarter of fiscal 2014 as discontinued operations.  The Company has evaluated all other new Accounting Standards Updates issued by FASB and has concluded that these updates do not have a material effect on the Company's consolidated financial statements as of April 30, 2014.

CORE_PROPERTIES

CORE PROPERTIES	6 Months Ended
	Apr. 30, 2014
CORE PROPERTIES [Abstract]	'
CORE PROPERTIES	'
	(2) CORE PROPERTIES
	In December 2013, the Company, through a wholly-owned subsidiary, purchased for $18.4 million a 63,000 square foot retail shopping center located in Boonton, NJ (the "Boonton Property"). The acquisition required the assumption of an existing mortgage in the amount of $7.8 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the six months ended April 30, 2014.   The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.2% per annum.  The mortgage matures in September 2022.  The Company funded the equity needed to complete the purchase with borrowings under its Unsecured Revolving Credit Facility (the "Facility") (See Note 3).
	In December 2013, the Company, through a wholly-owned subsidiary, purchased for $11.0 million a 56,000 square foot retail shopping center located in Bloomfield, NJ (the "Bloomfield Property").  The acquisition required the assumption of an existing mortgage in the amount of $7.7 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the six months ended April 30, 2014.   The mortgage loan requires monthly payments of principal and interest at a fixed rate of 5.50% per annum.  The mortgage matures in August 2016.  The Company funded the equity needed to complete the purchase with borrowings under its Facility.
	In January 2014, the Company, through a wholly-owned subsidiary, purchased for $9.0 million a 31,000 square foot retail shopping center located in Bethel, CT (the "Bethel Property").  The Company funded the equity needed to complete the purchase with proceeds from the sale of its two non-core properties in December 2013.
	In May 2014, the Company entered into a contract to purchase, for $47.4 million, an 89,000 square foot retail property located in the Company's core marketplace.  Pursuant to the contract, the Company placed a deposit of $750,000 with the seller which is included in prepaid expenses and other assets on the consolidated balance sheet at April 30, 2014.  The Company plans on funding the acquisition with a combination of available cash, borrowings under its Facility and a non-recourse mortgage secured by the subject property.
	Upon the acquisition of real property, the fair value of the real estate purchased is allocated to the acquired tangible assets (consisting of land, buildings and building improvements), and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), in accordance with ASC Topic 805, "Business Combinations". The Company utilizes methods similar to those used by independent appraisers in estimating the fair value of acquired assets and liabilities. The fair value of the tangible assets of an acquired property considers the value of the property "as-if-vacant". The fair value reflects the depreciated replacement cost of the asset.  In allocating purchase price to identified intangible assets and liabilities of an acquired property, the values of above-market and below-market leases are estimated based on the differences between (i) contractual rentals and the estimated market rents over the applicable lease term discounted back to the date of acquisition utilizing a discount rate adjusted for the credit risk associated with the respective tenants and (ii) the estimated cost of acquiring such leases giving effect to the Company's history of providing tenant improvements and paying leasing commissions, offset by a vacancy period during which such space would be leased.  The aggregate value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates over (ii) the estimated fair value of the property "as-if-vacant," determined as set forth above.
	The Company is currently in the process of evaluating the fair value of the in-place leases for the Boonton Property, the Bloomfield Property and the Bethel Property.  Consequently, no value has yet been assigned to those leases for these properties and the purchase price allocation is preliminary and may be subject to change.
	For the six month period ended April 30, 2014 and 2013, the net amortization of above-market and below-market leases was approximately $210,000 and $238,000, respectively, which amounts are included in base rents in the accompanying consolidated statements of income.

MORTGAGE_NOTES_PAYABLE_AND_BAN

MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS	6 Months Ended
	Apr. 30, 2014
MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS [Abstract]	'
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS	'
	(3)  MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS
	The Company has an $80 million unsecured revolving credit facility with a syndicate of four banks led by The Bank of New York Mellon, as administrative agent.  The syndicate includes Wells Fargo Bank N.A. (syndication agent), Bank of Montreal and Regions Bank (co-documentation agents).  The Facility gives the Company the option, under certain conditions, to increase the Facility's borrowing capacity up to $125 million (subject to lender approval).  The maturity date of the Facility is September 21, 2016 with a one-year extension at the Company's option.  Borrowings under the Facility can be used for, among other things, acquisitions, working capital, capital expenditures, and repayment of other indebtedness and the issuance of letters of credit (up to $10 million).  Borrowings will bear interest at the Company's option of Eurodollar rate plus 1.5% to 2.0% or The Bank of New York Mellon's prime lending rate plus 0.50% based on consolidated indebtedness, as defined.  The Company pays an annual fee on the unused commitment amount of 0.25% to 0.35% based on outstanding borrowings during the year.  The Facility contains certain representations, financial and other covenants typical for this type of facility.  The Company's ability to borrow under the Facility is subject to its compliance with the covenants and other restrictions on an ongoing basis. The principal financial covenants limit the Company's level of secured and unsecured indebtedness and additionally require the Company to maintain certain debt coverage ratios.  The Company was in compliance with such covenants at April 30, 2014.
	During the six months ended April 30, 2014, the Company borrowed $31.1 million on the Facility to fund property acquisitions and capital improvements.  During the six months ended April 30, 2014, the Company repaid $4 million on the Facility after the sale of its remaining Queens, NY property.

CONSOLIDATED_JOINT_VENTURES_AN

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	6 Months Ended
	Apr. 30, 2014
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS [Abstract]	'
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	'
	(4) CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS.
	The Company has an investment in two joint ventures, UB Ironbound, LP ("Ironbound") and UB Orangeburg, LLC ("Orangeburg"), each of which owns a commercial retail real estate property.  The Company has evaluated its investment in these two joint ventures and has concluded that both ventures are not Variable Interest Entities ("VIE or VIEs"), however both joint venture investments meet certain criteria of a sole general partner (or limited liability member) in accordance with ASC Topic 970-810 "Real Estate-Consolidation".  The Company has determined that such joint ventures are fully controlled by the Company and that the presumption of control is not offset by any rights of any of the limited partners or non-controlling members in either venture and that both joint ventures should be consolidated into the consolidated financial statements of the Company.  The Company's investment in both consolidated joint ventures is more fully described below:
	Ironbound (Ferry Plaza)
	The Company, through a wholly-owned subsidiary, is the general partner and owns 84% of one consolidated limited partnership, Ironbound, which owns a grocery anchored shopping center.
	The Ironbound limited partnership has a defined termination date of December 31, 2097.  The partners in Ironbound are entitled to receive an annual cash preference payable from available cash of the partnership.  Any unpaid preferences accumulate and are paid from future cash, if any.  The balance of available cash, if any, is distributed in accordance with the respective partner's interests.  The limited partners in Ironbound currently have the right to require the Company to repurchase all or a portion of their remaining limited partner interests at prices as defined in the Ironbound partnership agreement.  Upon liquidation of Ironbound, proceeds from the sale of partnership assets are to be distributed in accordance with the respective partnership interests.  The limited partners are not obligated to make any additional capital contributions to the partnership.  The Company retains an affiliate of one of the limited partners in Ironbound to provide management and leasing services to the property at an annual fee equal to 2% percent of rental income collected, as defined.
	Orangeburg
	The Company, through a wholly-owned subsidiary, is the managing member and owns an approximate 14.3% interest in Orangeburg, which owns a grocery anchored shopping center.  The other member (non-managing) of Orangeburg is the prior owner of the contributed property who, in exchange for contributing the net assets of the property, received units of Orangeburg equal to the value of the contributed property less the value of the assigned first mortgage payable.  The Orangeburg operating agreement provides for the non-managing member to receive an annual cash distribution equal to the regular quarterly cash distribution declared by the Company for one share of the Company's Class A Common stock, which amount is attributable to each unit of Orangeburg ownership.  The annual cash distribution is paid from available cash, as defined, of Orangeburg.  If there is an available cash shortfall, the managing member must contribute or loan additional capital to fund the non-managing member's required cash distribution.  The balance of available cash, if any, is fully distributable to the Company.  Upon liquidation, proceeds from the sale of Orangeburg assets are to be distributed in accordance with the operating agreement.  The non-managing member is not obligated to make any additional capital contributions to the partnership.  Orangeburg has a defined termination date of December 31, 2097.
	The Company accounts for non-controlling interests in accordance with ASC Topic 810, "Consolidation". Because the limited partners or non-controlling members in both Ironbound and Orangeburg have the right to require the Company to redeem all or a part of their limited partnership or limited liability company units at prices as defined in the governing agreements, the Company reports the noncontrolling interests in both consolidated joint ventures in the mezzanine section, outside of permanent equity, of the consolidated balance sheets at redemption value which approximates fair value. The value of the Orangeburg redemption is based solely on the price of the Company's Class A Common stock on the date of redemption.   For the six month period ended April 30, 2014 and 2013, the Company increased the carrying value of the non-controlling interests by $254,000 and $1,566,000, respectively, with the corresponding adjustment recorded in stockholders' equity.
	The following table sets forth the details of the Company's redeemable non-controlling interests at April 30, 2014 and October 31, 2013: (amounts in thousands)
		30-Apr-14		31-Oct-13
	Beginning Balance	$	11,843	$	11,421
	Change in Redemption Value		254		422
	Ending Balance	$	12,097	$	11,843

INVESTMENTS_IN_AND_ADVANCES_TO

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	6 Months Ended
	Apr. 30, 2014
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]	'
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	'
	(5) INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES
	At April 30, 2014 and October 31, 2013 investments in and advances to unconsolidated joint ventures consisted of the following (with the Company's ownership percentage in parentheses): (amounts in thousands)
		April 30,		October 31,
		2014		2013
	Chestnut Ridge and Plaza 59 Shopping Centers (50%)	$	18,440	$	18,277
	Gateway Plaza (50% in 2014 and 0% in 2013)		6,691		-
	Putnam Plaza Shopping Center (66.67%)		6,506		5,668
	Midway Shopping Center, L.P. (11.642%)		5,509		6,764
	Applebee's at Riverhead (50% in 2014 and 0% in 2013)		1,159		-
	81 Pondfield Road Company (20%)		723		723
	Total	$	39,028	$	31,432
	Gateway Plaza and Applebee's at Riverhead
	In February 2014, the Company, through two wholly owned subsidiaries, purchased a 50% undivided equity interest in the Gateway Plaza Shopping Center ("Gateway") for $6.1 million and Applebee's at Riverhead ("Applebee's") for $1.1 million.  Both investments were inclusive of The Company assuming its 50% interest in the mortgages encumbering both properties.  Both properties are located in Riverhead, New York ("Riverhead Properties").  Gateway, a 194,000 square foot shopping center anchored by a 168,000 square foot newly constructed Walmart also has 27,000 square feet of newly constructed in-line space that is in the process of being leased.  Applebee's has a 5,400 square foot free standing Applebee's restaurant with additional development rights of 7,200 square feet.  The Company accounts for its investment in the Riverhead Properties under the equity method of accounting since it exercises significant influence, but does not control the ventures.  The other venturer in both properties has substantial participation rights in the financial decisions and operation of the property, which preclude the Company from consolidating the investments. The Company has evaluated its investment in the two properties and has concluded that the ventures are not VIE's. Under the equity method of accounting the initial investment is recorded at cost as an investment in unconsolidated joint venture, and subsequently adjusted for equity in net income (loss) and cash contributions and distributions from the venture. Any difference between the carrying amount of the investment on the Company's balance sheet and the underlying equity in net assets of the venture is evaluated for impairment at each reporting period.
	Simultaneously to the acquisition of Gateway, a $14.0 million non-recourse first mortgage payable was placed on the property with $12.0 million of the proceeds distributed to the seller. The remaining $2.0 million of the principal was held in escrow by the lender until certain conditions are met regarding the leasing of the 27,000 square foot building.  The new mortgage has a term of ten years and requires payments of principal and interest at a fixed rate of interest of 4.2% per annum.
	Midway Shopping Center, L.P.
	The Company, through a wholly owned subsidiary, owns an 11.642% equity interest in Midway Shopping Center L.P. ("Midway"), which owns a 247,000 square foot shopping center in Westchester County, New York. The Company has evaluated its investment in Midway and has concluded that the venture is not a VIE and should not be consolidated into the financial statements of the Company.  Although the Company only has an approximate 12% equity interest in Midway, it controls 25% of the voting power of Midway and as such has determined that it exercises significant influence over the financial and operating decisions of Midway and accounts for its investment in Midway under the equity method of accounting.  Under the equity method of accounting the initial investment is recorded at cost as an investment in unconsolidated joint venture, and subsequently adjusted for equity in net income (loss) and cash contributions and distributions from the venture. Any difference between the carrying amount of the investment on the Company's balance sheet and the underlying equity in net assets of the venture is evaluated for impairment at each reporting period.
	The Company has allocated the $7.4 million excess of the carrying amount of its investment in and advances to Midway over the Company's share of Midway's net book value to real property and is amortizing the difference over the property's estimated useful life of 39 years.
	Midway currently has a non-recourse first mortgage payable in the amount of $32 million.  The loan requires payments of principal and interest at the rate of 4.80% per annum and will mature in 2027.
	Chestnut Ridge and Plaza 59 Shopping Centers
	The Company, through two wholly owned subsidiaries, owns a 50% undivided equity interest in the Chestnut Ridge Shopping Center located in Montvale, New Jersey ("Chestnut") and the Plaza 59 Shopping Center located in Spring Valley, New York ("Plaza 59") for a combined investment of approximately $18 million. The Company accounts for its investment in Chestnut and Plaza 59 under the equity method of accounting since it exercises significant influence, but does not control the ventures.  The other venturer in both properties has substantial participation rights in the financial decisions and operation of the property, which preclude the Company from consolidating the investment. The Company has evaluated its investment in the two properties and has concluded that the ventures are not VIEs. Under the equity method of accounting the initial investment is recorded at cost as an investment in unconsolidated joint venture, and subsequently adjusted for equity in net income (loss) and cash contributions and distributions from the venture. Any difference between the carrying amount of the investment on the Company's balance sheet and the underlying equity in net assets of the venture is evaluated for impairment at each reporting period.
	Putnam Plaza Shopping Center
	The Company, through a wholly owned subsidiary, owns a 66.67% undivided equity interest in the Putnam Plaza Shopping Center ("Putnam Plaza"). The Company accounts for its investment in the Putnam Plaza joint venture under the equity method of accounting since it exercises significant influence, but does not control the venture.  The other venturer in Putnam Plaza has substantial participation rights in the financial decisions and operation of the property, which preclude the Company from consolidating the investment. The Company has evaluated its investment in Putnam Plaza and has concluded that the venture is not a VIE. Under the equity method of accounting the initial investment is recorded at cost as an investment in unconsolidated joint venture, and subsequently adjusted for equity in net income (loss) and cash contributions and distributions from the venture. Any difference between the carrying amount of the investment on the Company's balance sheet and the underlying equity in net assets of the venture is evaluated for impairment at each reporting period.
	Putnam Plaza has a first mortgage payable in the amount of $21 million.  The mortgage requires monthly payments of principal and interest at a fixed rate of 4.17% and will mature in 2019.
	81 Pondfield Road Company
	The Company's other investment in an unconsolidated joint venture is a 20% economic interest in a partnership which owns a retail and office building in Westchester County, New York.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Apr. 30, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
STOCKHOLDERS' EQUITY	'
	(6)  STOCKHOLDERS' EQUITY
	The Company's Charter authorizes 200,000,000 shares of stock.  The total number of shares of authorized stock consists of 100,000,000 shares of Class A Common Stock, 30,000,000 shares of Common Stock, 50,000,000 shares of Preferred Stock, and 20,000,000 shares of Excess Stock.
	Restricted Stock Plan
	The Company has a Restricted Stock Plan that provides a form of equity compensation for employees of the Company.  The Plan, which is administered by the Company's compensation committee, authorizes grants of up to an aggregate of 3,750,000 shares of the Company's common equity consisting of 350,000 Common shares, 350,000 Class A Common shares and 3,050,000 shares, which at the discretion of the compensation committee, may be awarded in any combination of Class A Common shares or Common shares.
	In accordance with ASC Topic 718, the Company recognized compensation expense for restricted stock awards upon the earlier of the explicit vesting period or the date a participant first becomes eligible for retirement unless a waiver was received by an employee over the retirement age, waving his right to continued vesting after retirement.  For non-vested restricted stock awards granted prior to the adoption of ASC Topic 718 in 2005, the Company continues to recognize compensation expense over the explicit vesting periods and accelerates any remaining unrecognized compensation cost when a participant actually retires.
	During the six months ended April 30, 2014, the Company awarded 152,000 shares of Common Stock and 80,500 shares of Class A Common Stock to participants in the Plan.  The grant date fair value of restricted stock grants awarded to participants in 2014 was approximately $3.8 million.
	A summary of the status of the Company's non-vested Common and Class A Common shares as of April 30, 2014, and changes during the six months ended April 30, 2014 is presented below:
		Common Shares					Class A Common Shares
	Non-vested Shares	Shares			Weighted-		Shares			Weighted-
					Average					Average
					Grant-Date					Grant-Date
					Fair Value					Fair Value
	Non-vested at November 1, 2013		1,479,700		$	15.88		404,150		$	17.39
	Granted		152,000		$	15.6		80,500		$	18.32
	Vested		(250,900	)	$	13.88		(78,400	)	$	15.18
	Forfeited		-		$	-		(6,000	)	$	18.37
	Non-vested at April 30, 2014		1,380,800		$	16.21		400,250		$	18.01
	As of April 30, 2014, there was $14.7 million of unamortized restricted stock compensation related to non-vested restricted stock grants awarded under the Plan.  The remaining unamortized expense is expected to be recognized over a weighted average period of 4.9 years.  For the six and three month periods ended April 30, 2014 amounts charged to compensation expense totaled $1,993,000 and $988,000, respectively. For the six and three month periods ended April 30, 2013 amounts charged to compensation expense totaled $1,993,000 and $1,006,000, respectively.
	Share Repurchase Program
	Previously, the Board of Directors of the Company approved a share repurchase program ("Original Program") for the repurchase of up to 1,500,000 shares of Common Stock and Class A Common Stock and the Company's Series C and Series D Senior Cumulative Preferred Stock in open-market transactions.  Recognizing that the Company issued a new Series F Preferred Stock in October 2012 and that the remaining outstanding shares of the Series C Cumulative Preferred Stock were redeemed in May 2013, the Board of Directors terminated the Original Program in December 2013 and at the same time approved a new share repurchase program (the "Current Program") for the repurchase of up to 2,000,000 shares of Common stock and Class A Common stock and Series D Senior Cumulative Preferred stock and Series F Cumulative Preferred stock in open market transactions.  Prior to terminating the Original Program, the Company had repurchased 4,600 shares of Common Stock and 724,578 shares of Class A Common Stock under the Original Program.  For the six and three month periods ended April 30, 2014, the Company did not repurchase any shares of stock under either the Original Program or the Current Program.
	Preferred Stock
	The Series D Preferred Stock is non-voting, has no stated maturity and is not convertible into any other security of the Company and is redeemable at the Company's option at a price of $25.00 per share plus accrued and unpaid dividends.
	The Series F Preferred Stock is non-voting, has no stated maturity and is redeemable for cash at $25.00 per share at the Company's option on or after October 24, 2017.  The holders of our Series F Preferred Stock have general preference rights with respect to liquidation and quarterly distributions.  Except under certain conditions, holders of the Series F Preferred Stock will not be entitled to vote on most matters.  In the event of a cumulative arrearage equal to six quarterly dividends, holders of Series F Preferred Stock, together with all of the Company's other series of preferred stock (voting as a single class without regard to series) will have the right to elect two additional members to serve on the Company's Board of Directors until the arrearage has been cured.  Upon the occurrence of a Change of Control, as defined in the Company's Articles of Incorporation, the holders of the Series F Preferred Stock will have the right to convert all or part of the shares of Series F Preferred Stock held by such holders on the applicable conversion date into a number of the Company's shares of Class A Common Stock.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
FAIR VALUE MEASUREMENTS	'
	(7) FAIR VALUE MEASUREMENTS
	ASC Topic 820, "Fair Value Measurements and Disclosures" defines fair value as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants.
	ASC Topic 820's valuation techniques are based on observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions. These two types of inputs have created the following fair value hierarchy:
		·	Level 1- Quoted prices for identical instruments in active markets
		·	Level 2- Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant value drivers are observable
		·	Level 3- Valuations derived from valuation techniques in which significant value drivers are unobservable
	The Company calculates the fair value of the redeemable noncontrolling interests based on either quoted market prices on national exchanges or unobservable inputs considering the assumptions that market participants would make in pricing the obligations. The inputs used include an estimate of the fair value of the cash flow generated by the limited partnership in which the investor owns the partnership units.
	The fair values of interest rate swaps are determined using widely accepted valuation techniques, including discounted cash flow analysis, on the expected cash flows of each derivative. The analysis reflects the contractual terms of the swaps, including the period to maturity, and uses observable market-based inputs; including interest rate curves ("significant other observable inputs.")  The fair value calculation also includes an amount for risk of non-performance using "significant unobservable inputs" such as estimates of current credit spreads to evaluate the likelihood of default. The Company has concluded, as of October 31, 2013 and April 30, 2014, that the fair value associated with the "significant unobservable inputs" relating to the Company's risk of non-performance was insignificant to the overall fair value of the interest rate swap agreements and, as a result, the Company has determined that the relevant inputs for purposes of calculating the fair value of the interest rate swap agreements, in their entirety, were based upon "significant other observable inputs".
	The Company measures its redeemable noncontrolling interests and interest rate swap derivatives at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following inputs (amount in thousands):
					Fair Value Measurements at Reporting Date Using
			Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
					(Level 1)		(Level 2)		(Level 3)
	30-Apr-14
	Assets:
	Interest Rate Swap Agreement		$	97	$	-	$	97	$	-
	Liabilities:
	Redeemable noncontrolling interests		$	12,097	$	9,250	$	-	$	2,847
	31-Oct-13
	Assets:
	Interest Rate Swap Agreement		$	81	$	-	$	81	$	-
	Liabilities:
	Redeemable noncontrolling interests		$	11,843	$	8,946	$	-	$	2,897
	Fair market value measurements based upon Level 3 inputs changed from $2,837 at November 1, 2012 to $2,897 at October 31, 2013 as a result of a $60 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810.  Fair market value measurements based upon Level 3 inputs changed from $2,897 at November 1, 2013 to $2,847 at April 30, 2014 as a result of a $50 decrease in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 (See note 4).
	Fair Value of Financial Instruments
	The carrying values of cash and cash equivalents, restricted cash, tenant receivables, prepaid expenses, other assets, accounts payable and accrued expenses are reasonable estimates of their fair values because of the short-term nature of these instruments. The carrying value of the revolving credit facility is deemed to be at fair value since the outstanding debt is directly tied to monthly LIBOR contracts. Mortgage notes payable that were assumed in property acquisitions were recorded at their fair value at the time they were assumed.
	The estimated fair value of mortgage notes payable and other loans was approximately $168 million at April 30, 2014 and $155 million at October 31, 2013, respectively. The estimated fair value of mortgage notes payable is based on discounting the future cash flows at a year-end risk adjusted borrowing rate currently available to the Company for issuance of debt with similar terms and remaining maturities. These fair value measurements fall within level 2 of the fair value hierarchy.  When the Company acquires a property it is required to fair value all of the assets and liabilities, including intangible assets and liabilities, relating to the property's' in-place leases (See Note 2).  Those fair value measurements fall within level 3 of the fair value hierarchy.
	Although management is not aware of any factors that would significantly affect the estimated fair value amounts from October 31, 2013, such amounts have not been comprehensively revalued for purposes of these financial statements since that date and current estimates of fair value may differ significantly from the amounts presented herein.

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Apr. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
COMMITMENTS AND CONTINGENCIES	'
	(8)  COMMITMENTS AND CONTINGENCIES
	In the normal course of business, from time to time, the Company is involved in legal actions relating to the ownership and operations of its properties.  In management's opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a material adverse effect on the consolidated financial position, results of operations or liquidity of the Company.  At April 30, 2014, the Company had commitments of approximately $6.4 million for capital improvements to its properties and tenant related obligations.
	Index

ORGANIZATION_BASIS_OF_PRESENTA1

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2014
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Principles of Consolidation and Use of Estimates	'
	Principles of Consolidation and Use of Estimates
	The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and joint ventures in which the Company meets certain criteria of a sole general partner in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 810, "Consolidation" and ASC Topic 970-810 "Real Estate-General-Consolidation". The Company has determined that such joint ventures should be consolidated into the consolidated financial statements of the Company. In accordance with ASC Topic 970-323 "Real Estate-General-Equity Method and Joint Ventures", joint ventures that the Company does not control but otherwise exercises significant influence in, are accounted for under the equity method of accounting. See Note 5 for further discussion of the unconsolidated joint ventures. All significant intercompany transactions and balances have been eliminated in consolidation.
	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X.  Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been omitted.  In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Results of operations for the six month period ended April 30, 2014 are not necessarily indicative of the results that may be expected for the year ending October 31, 2014. It is suggested that these financial statements be read in conjunction with the financial statements and notes thereto included in the Company's annual report on Form 10-K for the fiscal year ended October 31, 2013.
	The preparation of financial statements requires management to make estimates and assumptions that affect the disclosure of contingent assets and liabilities, the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the periods covered by the financial statements. The most significant assumptions and estimates relate to the valuation of real estate, depreciable lives, revenue recognition, fair value estimates, and the collectability of tenant receivables and other assets and liabilities.  Actual results could differ from these estimates.  The balance sheet at October 31, 2013 has been derived from audited financial statements at that date.
Federal Income Taxes	'
	Federal Income Taxes
	The Company has elected to be treated as a REIT under Sections 856-860 of the Internal Revenue Code (Code).  Under those sections, a REIT that, among other things, distributes at least 90% of real estate trust taxable income and meets certain other qualifications prescribed by the Code will not be taxed on that portion of its taxable income that is distributed.  The Company believes it qualifies as a REIT and intends to distribute all of its taxable income for fiscal 2014 in accordance with the provisions of the Code.  Accordingly, no provision has been made for Federal income taxes in the accompanying consolidated financial statements.
	The Company follows the provisions of ASC Topic 740, "Income Taxes" that, among other things, defines a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC Topic 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure, and transition.   Based on its evaluation, the Company determined that it has no uncertain tax positions and no unrecognized tax benefits as of April 30, 2014. As of April 30, 2014, the fiscal tax years 2010 through and including 2013 remain open to examination by the Internal Revenue Service.  There are currently no federal tax examinations in progress.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and tenant receivables.  The Company places its cash and cash equivalents with high quality financial institutions and the balances at times could exceed federally insured limits.  The Company performs ongoing credit evaluations of its tenants and may require certain tenants to provide security deposits or letters of credit.  Though these security deposits and letters of credit are insufficient to meet the terminal value of a tenant's lease obligation, they are a measure of good faith and a source of funds to offset the economic costs associated with lost rent and the costs associated with re-tenanting the space.  The Company has no dependency upon any single tenant.
Derivative Financial Instruments	'
	Derivative Financial Instruments
	The Company occasionally utilizes derivative financial instruments, such as interest rate swaps, to manage its exposure to fluctuations in interest rates. The Company has established policies and procedures for risk assessment, and the approval, reporting and monitoring of derivative financial instruments. Derivative financial instruments must be effective in reducing the Company's interest rate risk exposure in order to qualify for hedge accounting. When the terms of an underlying transaction are modified, or when the underlying hedged item ceases to exist, all changes in the fair value of the instrument are marked-to-market with changes in value included in net income for each period until the derivative instrument matures or is settled. Any derivative instrument used for risk management that does not meet the hedging criteria is marked-to-market with the changes in value included in net income. The Company has not entered into, and does not plan to enter into, derivative financial instruments for trading or speculative purposes. Additionally, the Company has a policy of entering into derivative contracts only with major financial institutions.
	As of April 30, 2014, the Company believes it has no significant risk associated with non-performance of the financial institution that is the counterparty to its derivative contracts.  At April 30, 2014, the Company had approximately $3.7 million in secured mortgage financings subject to interest rate swaps. Such interest rate swaps converted the LIBOR-based variable rate on the mortgage financings to a fixed annual rate of 3.95% per annum. As of April 30, 2014, the Company had a deferred asset of $96,750 (included in prepaid expenses and other assets on the consolidated balance sheets) relating to the fair value of the Company's interest rate swaps applicable to secured mortgages.  Charges and/or credits relating to the changes in fair values of such interest rate swaps are made to other comprehensive income as the swap is deemed effective and is classified as a cash flow hedge.
Comprehensive Income	'
	Comprehensive Income
	Comprehensive income is comprised of net income applicable to Common and Class A Common stockholders and other comprehensive income (loss). Other comprehensive income includes items that are otherwise recorded directly in stockholders' equity, such as unrealized gains or losses on marketable securities and unrealized gains and losses on interest rate swaps designated as cash flow hedges. At April 30, 2014, accumulated other comprehensive income consisted of net unrealized losses on marketable securities of approximately $11,400 and net unrealized gains on an interest rate swap agreement of $96,750.  At October 31, 2013, accumulated other comprehensive income consisted of net unrealized losses on marketable securities of approximately $19,000 and net unrealized gains on an interest rate swap agreement of approximately $81,000. Unrealized gains and losses included in other comprehensive income will be reclassified into earnings as gains and losses are realized.
Asset Impairment	'
	Asset Impairment
	On a periodic basis, management assesses whether there are any indicators that the value of its real estate investments may be impaired.  A property value is considered impaired when management's estimate of current and projected operating cash flows (undiscounted and without interest) of the property over its remaining useful life is less than the net carrying value of the property.  Such cash flow projections consider factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors.  To the extent impairment has occurred, the loss is measured as the excess of the net carrying amount of the property over the fair value of the asset.  Changes in estimated future cash flows due to changes in the Company's plans or market and economic conditions could result in recognition of impairment losses which could be substantial.  Management does not believe that the value of any of its real estate investments is impaired at April 30, 2014.
Property Held for Sale and Discontinued Operations	'
	Property Held for Sale and Discontinued Operations
	The Company has early adopted FASB Accounting Standards Update No. 2014-08 "Presentation of Financial Statements (ASC Topic 205) and Property, Plant, and Equipment (ASC Topic 360)" (together, "ASU 2014-08"), which change the requirements for reporting discontinued operations in accordance with ASC Topic 205-20.  As a result of this update, beginning in this fiscal quarter, the Company will no longer classify individual properties that are either disposed of or are classified as held for sale as discontinued operations in the consolidated statement of income if the removal, or anticipated removal, of the asset(s) from the reporting entity does not represent a strategic shift that has or will have a major effect on an entity's operations and financial results when disposed of.  ASU 2014-08 requires previously reported assets that qualified for discontinued operations reporting to continue to be reported in that manner.
	In April 2014, the Company reached a decision to actively market for sale one of its properties located in Springfield, MA as that property no longer met the Company's investment objectives.  In accordance with ASC 360-10-45, the asset met all of the criteria to be classified as held for sale but because the net book value of the Springfield asset is insignificant to financial statement presentation the Company will not include the asset as held for sale on the consolidated balance sheet for all periods presented.  The Company hopes to find a buyer and to complete the sale in fiscal 2014.
	The operating results of the Springfield property which are included in the continuing operations were as follows (amounts in thousands):
		Six Months Ended						Three Months Ended
		April 30,						April 30,
		2014			2013			2014			2013
	Revenues	$	2,106		$	2,203		$	1,121		$	1,031
	Property operating expense		(1,070	)		(1,019	)		(652	)		(496	)
	Depreciation and amortization		(341	)		(326	)		(163	)		(163	)
	Net Income	$	695		$	858		$	306		$	372
	In December 2013, prior to the adoption of ASU 2014-08, the Company sold its two distribution service facilities in its non-core portfolio and one core property for $18.1 million, resulting in a gain on sale of properties of $12.6 million.  In accordance with ASC 360 and 205 the operating results of the distribution service facilities are shown as discontinued operations on the consolidated statements of income for the six and three month periods ended April 30, 2014 and 2013.  The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations.
	The combined operating results for the distribution service facilities have been reclassified as discontinued operations in the accompanying consolidated statements of income.  The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands):
		Six Months Ended						Three Months Ended
		April 30,						April 30,
		2014			2013			2014			2013
	Revenues	$	141		$	798		$	-		$	399
	Property operating expense		-			-			-			-
	Depreciation and amortization		-			(33	)		-			(17	)
	Income from discontinued operations	$	141		$	765		$	-		$	382
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented.  Cash flows from discontinued operations are as follows (amounts in thousands):
		Six Months Ended						Three Months Ended
		April 30,						April 30,
		2014			2013			2014			2013
	Cash flows from operating activities	$	(12,471	)	$	798		$	-		$	399
	Cash flows from investing activities	$	17,401		$	-		$	-		$	-
	Cash flows from financing activities	$	-		$	-		$	-		$	-
Revenue Recognition	'
	Revenue Recognition
	Revenues from operating leases include revenues from core properties and non-core properties. Rental income is generally recognized based on the terms of leases entered into with tenants.  In those instances in which the Company funds tenant improvements and the improvements are deemed to be owned by the Company, revenue recognition will commence when the improvements are substantially completed and possession or control of the space is turned over to the tenant.  When the Company determines that the tenant allowances are lease incentives, the Company commences revenue recognition when possession or control of the space is turned over to the tenant for tenant work to begin.  Minimum rental income from leases with scheduled rent increases is recognized on a straight-line basis over the lease term.  At April 30, 2014 and October 31, 2013, $14,908,000 and $13,719,000, respectively, has been recognized as straight-line rents receivable (representing the current net cumulative rents recognized prior to when billed and collectible as provided by the terms of the leases), all of which is included in tenant receivables in the accompanying consolidated financial statements.  Percentage rent is recognized when a specific tenant's sales breakpoint is achieved.  Property operating expense recoveries from tenants of common area maintenance, real estate taxes and other recoverable costs are recognized in the period the related expenses are incurred.  Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms.  Lease termination amounts are recognized in operating revenues when there is a signed termination agreement, all of the conditions of the agreement have been met, the tenant is no longer occupying the property and the termination consideration is probable of collection. Lease termination amounts are paid by tenants who want to terminate their lease obligations before the end of the contractual term of the lease by agreement with the Company. There is no way of predicting or forecasting the timing or amounts of future lease termination fees.  Interest income is recognized as it is earned.  Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses under U.S. GAAP have been met.
	The Company provides an allowance for doubtful accounts against the portion of tenant receivables (including an allowance for future tenant credit losses of approximately 10% of the deferred straight-line rents receivable) which is estimated to be uncollectible.  Such allowances are reviewed periodically.  At April 30, 2014 and October 31, 2013, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,436,000 and $3,604,000, respectively.
Real Estate	'
	Real Estate
	Land, buildings, property improvements, furniture/fixtures and tenant improvements are recorded at cost. Expenditures for maintenance and repairs are charged to operations as incurred.  Renovations and/or replacements, which improve or extend the life of the asset, are capitalized and depreciated over their estimated useful lives.
	The amounts to be capitalized as a result of an acquisition and the periods over which the assets are depreciated or amortized are determined based on estimates as to fair value and the allocation of various costs to the individual assets. The Company allocates the cost of an acquisition based upon the estimated fair value of the net assets acquired.  The Company also estimates the fair value of intangibles related to its acquisitions.  The valuation of the fair value of intangibles involves estimates related to market conditions, probability of lease renewals and the current market value of in-place leases.  This market value is determined by considering factors such as the tenant's industry, location within the property and competition in the specific region in which the property operates.  Differences in the amount attributed to the intangible assets can be significant based upon the assumptions made in calculating these estimates.
	The Company is required to make subjective assessments as to the useful life of its properties for purposes of determining the amount of depreciation.  These assessments have a direct impact on the Company's net income.
Earnings Per Share	'
	Earnings Per Share
	The Company calculates basic and diluted earnings per share in accordance with the provisions of ASC Topic 260, "Earnings Per Share."  Basic earnings per share ("EPS") excludes the impact of dilutive shares and is computed by dividing net income applicable to Common and Class A Common stockholders by the weighted average number of Common shares and Class A Common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue Common shares or Class A Common shares were exercised or converted into Common shares or Class A Common shares and then shared in the earnings of the Company.  Since the cash dividends declared on the Company's Class A Common stock are higher than the dividends declared on the Common Stock, basic and diluted EPS have been calculated using the "two-class" method.  The two-class method is an earnings allocation formula that determines earnings per share for each class of common stock according to the weighted average of the dividends declared, outstanding shares per class and participation rights in undistributed earnings.
Segment Reporting	'
	Segment Reporting
	The Company operates in one industry segment, ownership of commercial real estate properties which are located principally in the northeastern United States.  The Company does not distinguish its property operations for purposes of measuring performance.  Accordingly, the Company believes it has a single reportable segment for disclosure purposes.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company accounts for its stock-based compensation plans under the provisions of ASC Topic 718, "Stock Compensation", which requires that compensation expense be recognized, based on the fair value of the stock awards less estimated forfeitures.  The fair value of stock awards is equal to the fair value of the Company's stock on the grant date.
Reclassifications	'
	Reclassifications
	Certain prior period amounts have been reclassified to conform to the current period's presentation.
New Accounting Standards	'
	New Accounting Standards
	In April 2014, FASB issued ASU 2014-08 which changes the requirements for reporting discontinued operations in ASC Subtopic 205-20.  This pronouncement has been early adopted by the Company in the second quarter of fiscal 2014 and as a result the Company has not included a property that began to qualify as held for sale in the second quarter of fiscal 2014 as discontinued operations.  The Company has evaluated all other new Accounting Standards Updates issued by FASB and has concluded that these updates do not have a material effect on the Company's consolidated financial statements as of April 30, 2014.

CORE_PROPERTIES_Policies

CORE PROPERTIES (Policies)	6 Months Ended
	Apr. 30, 2014
CORE PROPERTIES [Abstract]	'
Business combinations	'
	Upon the acquisition of real property, the fair value of the real estate purchased is allocated to the acquired tangible assets (consisting of land, buildings and building improvements), and identified intangible assets and liabilities (consisting of above-market and below-market leases and in-place leases), in accordance with ASC Topic 805, "Business Combinations". The Company utilizes methods similar to those used by independent appraisers in estimating the fair value of acquired assets and liabilities. The fair value of the tangible assets of an acquired property considers the value of the property "as-if-vacant". The fair value reflects the depreciated replacement cost of the asset.  In allocating purchase price to identified intangible assets and liabilities of an acquired property, the values of above-market and below-market leases are estimated based on the differences between (i) contractual rentals and the estimated market rents over the applicable lease term discounted back to the date of acquisition utilizing a discount rate adjusted for the credit risk associated with the respective tenants and (ii) the estimated cost of acquiring such leases giving effect to the Company's history of providing tenant improvements and paying leasing commissions, offset by a vacancy period during which such space would be leased.  The aggregate value of in-place leases is measured by the excess of (i) the purchase price paid for a property after adjusting existing in-place leases to market rental rates over (ii) the estimated fair value of the property "as-if-vacant," determined as set forth above.

ORGANIZATION_BASIS_OF_PRESENTA2

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Apr. 30, 2014
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'
Operating Results of Held for Sale Property Remaining in Continuing Operations [Table Text Block]	'
	The operating results of the Springfield property which are included in the continuing operations were as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Revenues		$	2,106		$	2,203		$	1,121		$	1,031
	Property operating expense			(1,070	)		(1,019	)		(652	)		(496	)
	Depreciation and amortization			(341	)		(326	)		(163	)		(163	)
	Net Income		$	695		$	858		$	306		$	372
Operating results for discontinued operations	'
	The combined operating results for the distribution service facilities have been reclassified as discontinued operations in the accompanying consolidated statements of income.  The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Revenues		$	141		$	798		$	-		$	399
	Property operating expense			-			-			-			-
	Depreciation and amortization			-			(33	)		-			(17	)
	Income from discontinued operations		$	141		$	765		$	-		$	382
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented.  Cash flows from discontinued operations are as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Cash flows from operating activities		$	(12,471	)	$	798		$	-		$	399
	Cash flows from investing activities		$	17,401		$	-		$	-		$	-
	Cash flows from financing activities		$	-		$	-		$	-		$	-
Property, plant and equipment, estimated useful lives	'
	Properties are depreciated using the straight-line method over the estimated useful lives of the assets.  The estimated useful lives are as follows:
	Buildings	30-40 years
	Property Improvements	10-20 years
	Furniture/Fixtures	3-10 years
	Tenant Improvements	Shorter of lease term or their useful life
Reconciliation between basic and diluted EPS	'
	The following table sets forth the reconciliation between basic and diluted EPS (in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2014			2013			2014			2013
	Numerator
	Net income applicable to common stockholders – basic		$	4,297		$	540		$	664		$	701
	Effect of dilutive securities:
	Restricted stock awards			241			38			43			55
	Net income applicable to common stockholders – diluted		$	4,538		$	578		$	707		$	756
	Denominator
	Denominator for basic EPS – weighted average common shares			7,799			7,544			7,800			7,545
	Effect of dilutive securities:
	Restricted stock awards			644			773			742			866
	Denominator for diluted EPS – weighted average common equivalent shares			8,443			8,317			8,542			8,411
	Numerator
	Net income applicable to Class A common stockholders-basic		$	14,349		$	1,840		$	2,217		$	2,385
	Effect of dilutive securities:
	Restricted stock awards			(241	)		(38	)		(43	)		(55	)
	Net income applicable to Class A common stockholders – diluted		$	14,108		$	1,802		$	2,174		$	2,330
	Denominator
	Denominator for basic EPS – weighted average Class A common shares			23,208			23,120			23,206			23,121
	Effect of dilutive securities:
	Restricted stock awards			184			208			221			246
	Denominator for diluted EPS – weighted average Class A common equivalent shares			23,392			23,328			23,427			23,367

CONSOLIDATED_JOINT_VENTURES_AN1

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	6 Months Ended
	Apr. 30, 2014
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS [Abstract]	'
Redeemable non-controlling interests	'
	The following table sets forth the details of the Company's redeemable non-controlling interests at April 30, 2014 and October 31, 2013: (amounts in thousands)
		30-Apr-14		31-Oct-13
	Beginning Balance	$	11,843	$	11,421
	Change in Redemption Value		254		422
	Ending Balance	$	12,097	$	11,843

INVESTMENTS_IN_AND_ADVANCES_TO1

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Tables)	6 Months Ended
	Apr. 30, 2014
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]	'
Investments in and advances to unconsolidated joint ventures	'
	At April 30, 2014 and October 31, 2013 investments in and advances to unconsolidated joint ventures consisted of the following (with the Company's ownership percentage in parentheses): (amounts in thousands)
		April 30,		October 31,
		2014		2013
	Chestnut Ridge and Plaza 59 Shopping Centers (50%)	$	18,440	$	18,277
	Gateway Plaza (50% in 2014 and 0% in 2013)		6,691		-
	Putnam Plaza Shopping Center (66.67%)		6,506		5,668
	Midway Shopping Center, L.P. (11.642%)		5,509		6,764
	Applebee's at Riverhead (50% in 2014 and 0% in 2013)		1,159		-
	81 Pondfield Road Company (20%)		723		723
	Total	$	39,028	$	31,432

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Apr. 30, 2014
STOCKHOLDERS' EQUITY [Abstract]	'
Non-vested Common and Class A Common shares	'
	A summary of the status of the Company's non-vested Common and Class A Common shares as of April 30, 2014, and changes during the six months ended April 30, 2014 is presented below:
		Common Shares					Class A Common Shares
	Non-vested Shares	Shares			Weighted-		Shares			Weighted-
					Average					Average
					Grant-Date					Grant-Date
					Fair Value					Fair Value
	Non-vested at November 1, 2013		1,479,700		$	15.88		404,150		$	17.39
	Granted		152,000		$	15.6		80,500		$	18.32
	Vested		(250,900	)	$	13.88		(78,400	)	$	15.18
	Forfeited		-		$	-		(6,000	)	$	18.37
	Non-vested at April 30, 2014		1,380,800		$	16.21		400,250		$	18.01

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2014
FAIR VALUE MEASUREMENTS [Abstract]	'
Fair value of financial assets and liabilities	'
	The Company measures its redeemable noncontrolling interests and interest rate swap derivatives at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following inputs (amount in thousands):
				Fair Value Measurements at Reporting Date Using
		Total		Quoted Prices in Active Markets for Identical Assets		Significant Other Observable Inputs		Significant Unobservable Inputs
				(Level 1)		(Level 2)		(Level 3)
	30-Apr-14
	Assets:
	Interest Rate Swap Agreement	$	97	$	-	$	97	$	-
	Liabilities:
	Redeemable noncontrolling interests	$	12,097	$	9,250	$	-	$	2,847
	31-Oct-13
	Assets:
	Interest Rate Swap Agreement	$	81	$	-	$	81	$	-
	Liabilities:
	Redeemable noncontrolling interests	$	11,843	$	8,946	$	-	$	2,897

ORGANIZATION_BASIS_OF_PRESENTA3

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		6 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Apr. 30, 2014	Apr. 30, 2013	Oct. 31, 2013
	sqft		OperatingSegment
	Property		Property
			sqft
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]	'	'	'	'	'
Number of core properties sold	'	'	1	'	'
Number of non-core real estate properties sold	'	'	2	'	'
Net income of held for sale property included in continuing operations	$306,000	$372,000	$695,000	$858,000	'
Operating expenses of properties held for sale included in continuing operations	-652,000	-496,000	-1,070,000	-1,019,000	'
Depreciation and amortization from properties held for sale included in continuing operations	-163,000	-163,000	-341,000	-326,000	'
Revenues from continued operations held for sale	1,121,000	1,031,000	2,106,000	2,203,000	'
Number of properties the Company owned or had equity interest in	67	'	67	'	'
Gross Leasable Area of properties the Company owned or had equity interest in (in square feet)	5,000,000	'	5,000,000	'	'
Minimum real estate trust taxable income required to be distributed for REIT to be nontaxable (in hundredths)	'	'	90.00%	'	'
Tax years remaining open to examination by Internal Revenue Service	'	'	'2010 through and including 2013	'	'
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]	'	'	'	'	'
Net income applicable to common and class A common stockholders - basic	2,881,000	3,086,000	18,646,000	2,380,000	'
Number of operating industry segment	'	'	1	'	'
Available For Sale Securities, Equity Securities, Shares Sold	0	'	'	'	'
Mortgage loans subject to interest rate swap	3,700,000	'	3,700,000	'	'
Fixed annual rate of interest rate swap (in hundredths)	3.95%	'	3.95%	'	'
Accrued assets relating to fair value of Company's interest rate swap	96,750	'	96,750	'	'
Comprehensive income [Abstract]	'	'	'	'	'
Net unrealized gains/losses on marketable securities included in accumulated other comprehensive income	11,400	'	11,400	'	19,000
Net unrealized gains/losses on an interest rate swap agreement included in accumulated other comprehensive income	96,750	'	96,750	'	81,000
Straight-line rents receivable	14,908,000	'	14,908,000	'	13,719,000
Number of properties held for sale	1	'	1	'	'
Revenues	0	399,000	141,000	798,000	'
Property operating expense	0	0	0	0	'
Depreciation and amortization	0	-17,000	0	-33,000	'
Income from discontinued operations	0	382,000	141,000	765,000	'
Cash Provided by (Used in) Operating Activities, Discontinued Operations	0	399,000	-12,471,000	798,000	'
Cash Provided by (Used in) Investing Activities, Discontinued Operations	0	0	17,401,000	0	'
Cash Provided by (Used in) Financing Activities, Discontinued Operations	0	0	0	0	'
Sales price of properties held for sale	'	'	18,100,000	'	'
Allowance of doubtful accounts against tenants receivables, percentage of deferred straight-line rents receivable	10.00%	'	10.00%	'	'
Gain on sale of properties	'	'	12,612,000	'	'
Tenants receivable, allowance for doubtful accounts	3,436,000	'	3,436,000	'	3,604,000
Buildings [Member] | Minimum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'30 years	'	'
Buildings [Member] | Maximum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'40 years	'	'
Property Improvements [Member] | Minimum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'10 years	'	'
Property Improvements [Member] | Maximum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'20 years	'	'
Furniture/Fixtures [Member] | Minimum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'3 years	'	'
Furniture/Fixtures [Member] | Maximum [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life (in years)	'	'	'10 years	'	'
Tenant Improvements [Member]	'	'	'	'	'
Property, Plant and Equipment [Line Items]	'	'	'	'	'
Estimated useful life	'	'	'Shorter of lease term or their useful life	'	'
Common Stock [Member]	'	'	'	'	'
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]	'	'	'	'	'
Net income applicable to common and class A common stockholders - basic	664,000	701,000	4,297,000	540,000	'
Restricted Stock awards	43,000	55,000	241,000	38,000	'
Net income applicable to common stockholders - diluted	707,000	756,000	4,538,000	578,000	'
Denominator for basic EPS - weighted average common shares	7,800	7,545	7,799	7,544	'
Restricted stock awards	742	866	644	773	'
Denominator for diluted EPS - weighted average common equivalent shares	8,542	8,411	8,443	8,317	'
Class A Common Stock [Member]	'	'	'	'	'
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]	'	'	'	'	'
Net income applicable to common and class A common stockholders - basic	2,217,000	2,385,000	14,349,000	1,840,000	'
Restricted Stock awards	-43,000	-55,000	-241,000	-38,000	'
Net income applicable to common stockholders - diluted	$2,174,000	$2,330,000	$14,108,000	$1,802,000	'
Denominator for basic EPS - weighted average common shares	23,206	23,121	23,208	23,120	'
Restricted stock awards	221	246	184	208	'
Denominator for diluted EPS - weighted average common equivalent shares	23,427	23,367	23,392	23,328	'

CORE_PROPERTIES_Details

CORE PROPERTIES (Details) (USD $)	6 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
Business Acquisition [Line Items]	'	'
Amortization of above-market and below-market leases	$210,000	$238,000
Acquisition 1 [Member]	'	'
Business Acquisition [Line Items]	'	'
Area of real estate property acquired	63,000	'
Purchase price of property acquired	18,400,000	'
Interest rate on mortgage secured by property (in hundredths)	4.20%	'
Debt Instrument, Maturity Date	1-Sep-22	'
Existing mortgage on property acquired	7,800,000	'
Acquisition 2 [Member]	'	'
Business Acquisition [Line Items]	'	'
Area of real estate property acquired	56,000	'
Purchase price of property acquired	11,000,000	'
Interest rate on mortgage secured by property (in hundredths)	5.50%	'
Debt Instrument, Maturity Date	1-Aug-16	'
Existing mortgage on property acquired	7,700,000	'
Acquisition 3 [Member]	'	'
Business Acquisition [Line Items]	'	'
Area of real estate property acquired	31,000	'
Purchase price of property acquired	9,000,000	'
Acquisition 5 [Member]	'	'
Business Acquisition [Line Items]	'	'
Area of real estate property acquired	89,000	'
Purchase price of property acquired	47,400,000	'
Deposit made related to property acquired	$750,000	'

MORTGAGE_NOTES_PAYABLE_AND_BAN1

MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS (Details) (USD $)	6 Months Ended
	Apr. 30, 2014	Apr. 30, 2013
Line of Credit Facility [Line Items]	'	'
Repayments of borrowings on facility	$4,000,000	$11,600,000
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Maximum borrowing capacity	80,000,000	'
Option, maximum borrowing capacity	125,000,000	'
Interest rate description	'Eurodollar rate plus 1.5% to 2.0% or The Bank of New York Mellon's prime lending rate plus 0.50%	'
Covenant terms	'The Company's ability to borrow under the Facility is subject to its compliance with the covenants and other restrictions on an ongoing basis. The principal financial covenants limit the Company's level of secured and unsecured indebtedness and additionally require the Company to maintain certain debt coverage ratios.	'
Covenant compliance	'The Company was in compliance with such covenants at April 30, 2014	'
Maturity date	21-Sep-16	'
Number of extensions	1	'
Extension period (in years)	'1 year	'
Repayments of borrowings on facility	4,000,000	'
Borrowing under revolving credit facility	31,100,000	'
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Minimum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment fee (in hundredths)	0.25%	'
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Maximum [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Commitment fee (in hundredths)	0.35%	'
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Letter of Credit [Member]	'	'
Line of Credit Facility [Line Items]	'	'
Maximum borrowing capacity	$10,000,000	'

CONSOLIDATED_JOINT_VENTURES_AN2

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Details) (USD $)	6 Months Ended		12 Months Ended
	Apr. 30, 2014	Apr. 30, 2013	Oct. 31, 2013
Business Acquisition [Line Items]	'	'	'
Real Estate Investment Property, Net	$610,381,000	'	$576,887,000
Noncontrolling Interest Increase From Business Combination	254,000	1,566,000	'
Redeemable non-controlling interests [Abstract]	'	'	'
Beginning Balance	11,843,000	11,421,000	11,421,000
Change in Redemption Value	254,000	'	422,000
Ending Balance	$12,097,000	'	$11,843,000
UB Ironbound, LP ("Ironbound") [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Ownership interest (in hundredths)	84.00%	'	'
Property management and leasing services fees (in hundredths)	2.00%	'	'
Ub Orangeburg Llc [Member]	'	'	'
Business Acquisition [Line Items]	'	'	'
Ownership interest (in hundredths)	14.30%	'	'

INVESTMENTS_IN_AND_ADVANCES_TO2

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Details) (USD $)	6 Months Ended
	Apr. 30, 2014	Oct. 31, 2013
	sqft
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	$39,028,000	$31,432,000
Non-recourse first mortgage payable	3,700,000	'
Midway Shopping Center, L.P. [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	5,509,000	6,764,000
Equity interest purchased (in hundredths)	12.00%	'
Ownership interest (in hundredths)	11.64%	11.64%
Area of property (in square feet)	247,000	'
Percentage of voting interests acquired (in hundredths)	25.00%	'
Excess of carrying amount over underlying equity allocated to real property	7,400,000	'
Estimated useful life of property (in years)	'39 years	'
Midway Shopping Center, L.P. [Member] | Non-recourse First Mortgage Payable [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage (in hundredths)	4.80%	'
Debt Instrument, Maturity Date	1-Jan-27	'
Non-recourse first mortgage payable	32,000,000	'
Putnam Plaza Shopping Center [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	6,506,000	5,668,000
Ownership interest (in hundredths)	66.67%	66.67%
Putnam Plaza Shopping Center [Member] | Non-recourse First Mortgage Payable [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Debt Instrument, Maturity Date	31-Dec-19	'
First mortgage secured by property, estimated fair value	21,000,000	'
Fixed interest rate (in hundredths)	4.17%	'
81 Pondfield Road Company [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	723,000	723,000
Ownership interest (in hundredths)	20.00%	20.00%
Chestnut Ridge and Plaza 59 Shopping Centers [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	18,440,000	18,277,000
Ownership interest (in hundredths)	50.00%	50.00%
Purchase price of property acquired	18,000,000	'
Gateway Plaza [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	6,691,000	0
Ownership interest (in hundredths)	50.00%	'
Area of property (in square feet)	194,000	'
Purchase price of property acquired	6,100,000	'
Area size in square feet of major tenant	168,000	'
Additional Development Rights	27,000	'
Gateway Plaza [Member] | Non-recourse First Mortgage Payable [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Debt Instrument, Interest Rate, Stated Percentage (in hundredths)	4.20%	'
Debt Instrument, Maturity Date	31-Mar-24	'
Non-recourse first mortgage payable	14,000,000	'
Mortgage proceeds paid to seller at acquisition	12,000,000	'
Mortgage proceeds retained by lender	2,000,000	'
Applebee's at Riverhead [Member]	'	'
Schedule of Equity Method Investments [Line Items]	'	'
Investments in and advances to unconsolidated joint ventures	1,159,000	0
Ownership interest (in hundredths)	50.00%	'
Area of property (in square feet)	5,400	'
Purchase price of property acquired	$1,100,000	'
Additional Development Rights	7,200	'

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)

6 Months Ended

3 Months Ended

6 Months Ended

6 Months Ended

Apr. 30, 2014

Apr. 30, 2013

Oct. 31, 2013

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Oct. 31, 2013

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2013

Apr. 30, 2014

Apr. 30, 2013

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Share Repurchase Program [Member]

Common Stock [Member]

Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Class A Common Stock [Member]

Series D Senior Cumulative Preferred Stock [Member]

Series F Senior Redeemable Preferred Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock [Member]

Restricted Stock Plan [Member]

Restricted Stock Plan [Member]

Restricted Stock Plan [Member]

Share Repurchase Program [Member]

Share Repurchase Program [Member]

Director

Common Stock [Member]

Class A Common Stock [Member]

Class A Common shares or Common shares [Member]

Common Stock [Member]

Class A Common Stock [Member]

Restricted Stock [Member]

Class A Common shares or Common shares [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of shares authorized (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

350,000

350,000

3,050,000

'

'

3,750,000

Number of shares awarded (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

152,000

80,500

'

152,000

80,500

'

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Awarded in Period, Grant Date Fair Value

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$3,800,000

Non-vest shares, number of shares [Roll forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested, beginning of period (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,479,700

404,150

'

'

'

'

Granted (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

152,000

80,500

'

152,000

80,500

'

Vested (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

-250,900

-78,400

'

'

'

'

Forfeiture of restricted stock (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

-6,000

'

'

'

'

Non-vested, end of period (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,380,800

400,250

'

'

'

'

Non-vested shares, weighted-average grant-date fair value [Roll forward]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Non-vested, beginning of period (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15.88

$17.39

'

'

'

'

Granted (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$15.60

$18.32

'

'

'

'

Vested (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$13.88

$15.18

'

'

'

'

Forfeiture of restricted stock (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$0

$18.37

'

'

'

'

Non-vested, end of period (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$16.21

$18.01

'

'

'

'

Unamortized restricted stock compensation

'

'

'

'

'

'

'

'

'

'

'

14,700,000

'

14,700,000

'

'

'

'

'

'

'

Weighted average period for recognizing unamortized expense (in years)

'

'

'

'

'

'

'

'

'

'

'

'4 years 10 months 24 days

'

'

'

'

'

'

'

'

'

Total amounts charged to compensation expense

'

'

'

'

'

'

'

'

'

'

'

988,000

1,006,000

1,993,000

1,993,000

'

'

'

'

'

'

Equity, Class of Treasury Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program, Number of Shares Authorized to be Repurchased (in shares)

'

'

'

1,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred stock, redemption price per share (in dollars per share)

'

'

'

'

'

'

'

'

'

$25

$25

'

'

'

'

'

'

'

'

'

'

Number of shares repurchased (in shares)

'

'

'

'

'

4,600

'

'

724,578

'

'

'

'

'

'

'

'

'

'

'

'

Number of directors redeemable preferred stockholders are entitled to elect

'

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

Proceeds from issuance of common stock

$123,000

$123,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares authorized (in shares)

200,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock shares authorized (in shares)

30,000,000

'

30,000,000

'

30,000,000

'

100,000,000

100,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program, Number of Shares Authorized to be Repurchased in newly updated plan

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Preferred Stock, Shares Authorized

50,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Excess Stock, shares authorized (in shares)

20,000,000

'

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)

6 Months Ended

12 Months Ended

6 Months Ended

12 Months Ended

Apr. 30, 2014

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Apr. 30, 2014

Oct. 31, 2013

Apr. 30, 2014

Apr. 30, 2014

Apr. 30, 2014

Oct. 31, 2012

Apr. 30, 2014

Oct. 31, 2013

Fair Value, Inputs, Level 1 [Member]

Fair Value, Inputs, Level 2 [Member]

Fair Value, Inputs, Level 3 [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

Fair Value, Measurements, Recurring [Member]

UB Ironbound, LP ("Ironbound") [Member]

UB Ironbound, LP ("Ironbound") [Member]

Fair Value, Inputs, Level 1 [Member]

Fair Value, Inputs, Level 2 [Member]

Fair Value, Inputs, Level 3 [Member]

Fair Value, Inputs, Level 3 [Member]

FAIR VALUE MEASUREMENTS [Abstract]

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Secured Debt, Fair Value Disclosure

$168,000,000

$155,000,000

'

'

'

'

'

'

'

'

'

'

'

Redeemable Noncontrolling Interest [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Increase in redemption value of noncontrolling interest

254,000

422,000

'

'

'

'

'

'

'

'

'

50,000

60,000

Liabilities:

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate Swap Agreement

'

'

0

81,000

0

97,000

81,000

0

97,000

0

'

'

'

Redeemable noncontrolling interests

'

'

$8,946,000

$0

$2,897,000

$12,097,000

$11,843,000

$9,250,000

$0

$2,847,000

$2,837,000

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2014
COMMITMENTS AND CONTINGENCIES [Abstract]	'
Commitments for capital improvements to properties and tenant related obligations	$6.40