Urstadt Biddle Properties (UBA) 10-Q 8 Jun 15 2015 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	6 Months Ended
	Apr. 30, 2015	Jun. 02, 2015	Apr. 30, 2014
Entity Information [Line Items]
Entity Registrant Name	URSTADT BIDDLE PROPERTIES INC
Entity Central Index Key	1029800
Current Fiscal Year End Date	-21
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$39,371,000
Entity Common Stock, Shares Outstanding		9,348,245
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q2
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	30-Apr-15
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Public Float			$470,704,000
Entity Common Stock, Shares Outstanding		26,556,426

CONSOLIDATED_BALANCE_SHEETS_UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (USD $)	Apr. 30, 2015	Oct. 31, 2014
In Thousands, unless otherwise specified
Real Estate Investments:
Core properties - at cost	$962,032	$830,304
Less: Accumulated depreciation	-171,960	-161,187
Investment property, net	790,072	669,117
Investments in and advances to unconsolidated joint ventures	39,090	39,213
Total real estate investments	829,162	708,330
Cash and cash equivalents	5,472	73,029
Restricted cash	2,139	2,123
Tenant receivables	22,402	20,361
Prepaid expenses and other assets	9,820	9,749
Deferred charges, net of accumulated amortization	6,052	5,413
Total Assets	875,047	819,005
Liabilities:
Revolving credit lines	15,250	15,550
Unsecured term loan	25,000	25,000
Mortgage notes payable and other loans	268,052	205,147
Preferred stock called for redemption	0	61,250
Accounts payable and accrued expenses	3,737	1,622
Deferred compensation - officers	152	187
Other liabilities	16,227	16,342
Total Liabilities	328,418	325,098
Redeemable Noncontrolling Interests	16,724	18,864
Stockholders' Equity:
Excess Stock, par value $0.01 per share; 20,000,000 shares authorized; none issued and outstanding	0	0
Additional paid in capital	432,421	370,979
Cumulative distributions in excess of net income	-106,142	-95,702
Accumulated other comprehensive (loss)	-1,108	63
Total Stockholders' Equity	529,905	475,043
Total Liabilities and Stockholders' Equity	875,047	819,005
7.125% Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock (liquidation preference $25 per share)	129,375	129,375
6.75% Series G Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock (liquidation preference $25 per share)	75,000	70,000
Common Stock [Member]
Stockholders' Equity:
Common Stock, par value $0.01 per share	93	92
Class A Common Stock [Member]
Stockholders' Equity:
Common Stock, par value $0.01 per share	$266	$236

CONSOLIDATED_BALANCE_SHEETS_UN1

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) (USD $)	6 Months Ended	12 Months Ended
	Apr. 30, 2015	Oct. 31, 2014
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, shares authorized (in shares)	30,000,000
7.125% Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, dividend rate (in hundredths)	7.13%	7.13%
Preferred Stock, liquidation preference (in dollars per share)	$25	$25
Preferred Stock, shares issued (in shares)	5,175,000	5,175,000
Preferred Stock, shares outstanding (in shares)	5,175,000	5,175,000
6.75% Series G Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, dividend rate (in hundredths)	6.75%	6.75%
Preferred Stock, liquidation preference (in dollars per share)	$25	$25
Preferred Stock, shares issued (in shares)	3,000,000	2,800,000
Preferred Stock, shares outstanding (in shares)	3,000,000	2,800,000
Common Stock [Member]
Stockholders' Equity:
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)	9,348,245	9,193,559
Common Stock, shares outstanding (in shares)	9,348,245	9,193,559
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)	26,556,426	23,611,715
Common Stock, shares outstanding (in shares)	26,556,426	23,611,715

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, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Revenues
Base rents	$21,175	$18,780	$42,186	$36,993
Recoveries from tenants	8,502	6,751	15,648	13,133
Lease termination income	0	0	44	52
Other income	373	421	678	968
Total Revenues	30,050	25,952	58,556	51,146
Expenses
Property operating	6,953	5,950	12,039	10,876
Property taxes	4,574	4,235	9,036	8,567
Depreciation and amortization	5,767	4,859	11,293	9,435
General and administrative	2,011	1,983	4,279	4,087
Provision for tenant credit losses	183	232	526	359
Acquisition costs	178	42	1,946	413
Directors' fees and expenses	77	82	191	172
Total Operating Expenses	19,743	17,383	39,310	33,909
Operating Income	10,307	8,569	19,246	17,237
Non-Operating Income (Expense):
Interest expense	-3,430	-2,605	-6,694	-5,009
Equity in net income (loss) from unconsolidated joint ventures	473	499	947	805
Interest, dividends and other investment income	128	19	143	70
Income From Continuing Operations Before Discontinued Operations	7,478	6,482	13,642	13,103
Discontinued operations:
Income from discontinued operations	0	0	0	141
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax	0	0	0	12,612
Income from Discontinued Operations	0	0	0	12,753
Net Income	7,478	6,482	13,642	25,856
Noncontrolling interests:
Net income attributable to noncontrolling interests	-231	-148	-384	-304
Net income attributable to Urstadt Biddle Properties Inc.	7,247	6,334	13,258	25,552
Preferred stock dividends	-3,570	-3,453	-7,464	-6,906
Net Income Applicable to Common and Class A Common Stockholders	3,677	2,881	5,794	18,646
Common Stock [Member]
Noncontrolling interests:
Net Income Applicable to Common and Class A Common Stockholders	785	664	1,238	4,297
Basic Earnings Per Share:
Income from continuing operations (in dollars per share)	$0.10	$0.09	$0.15	$0.17
Income from discontinued operations (in dollars per share)	$0	$0	$0	$0.38
Net Income Applicable to Common and Class A Common Stockholders (in dollars per share)	$0.10	$0.09	$0.15	$0.55
Diluted Earnings Per Share:
Income from continuing operations (in dollars per share)	$0.10	$0.08	$0.15	$0.17
Income from discontinued operations (in dollars per share)	$0	$0	$0	$0.37
Net Income Applicable to Common and Class A Common Stockholders (in dollars per share)	$0.10	$0.08	$0.15	$0.54
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	$2,892	$2,217	$4,556	$14,349
Basic Earnings Per Share:
Income from continuing operations (in dollars per share)	$0.11	$0.10	$0.17	$0.20
Income from discontinued operations (in dollars per share)	$0	$0	$0	$0.42
Net Income Applicable to Common and Class A Common Stockholders (in dollars per share)	$0.11	$0.10	$0.17	$0.62
Diluted Earnings Per Share:
Income from continuing operations (in dollars per share)	$0.11	$0.09	$0.17	$0.19
Income from discontinued operations (in dollars per share)	$0	$0	$0	$0.41
Net Income Applicable to Common and Class A Common Stockholders (in dollars per share)	$0.11	$0.09	$0.17	$0.60
Dividends Per Share:
Common (in dollars per share)	$0.26	$0.25	$0.51	$0.51

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net Income	$7,478	$6,482	$13,642	$25,856
Other comprehensive income (loss):
Change in unrealized gain in marketable equity securities	0	7	0	8
Change in unrealized loss on interest rate swaps	543	1	-1,171	15
Total comprehensive income	8,021	6,490	12,471	25,879
Comprehensive income attributable to noncontrolling interests	-231	-148	-384	-304
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.	7,790	6,342	12,087	25,575
Preferred stock dividends	-3,570	-3,453	-7,464	-6,906
Total comprehensive income (loss) applicable to Common and Class A Common Stockholders	$4,220	$2,889	$4,623	$18,669

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Cash Flows from Operating Activities:
Net income	$13,642	$25,856
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,293	9,435
Straight-line rent adjustment	-744	170
Provision for tenant credit losses	526	359
Restricted stock compensation expense and other adjustments	1,971	2,003
Gain on sale of properties	0	-12,612
Deferred compensation arrangement	-34	-2
Equity in net (income)/loss of unconsolidated joint ventures	-947	-805
Changes in operating assets and liabilities:
Tenant receivables	-1,822	-763
Accounts payable and accrued expenses	944	1,165
Other assets and other liabilities, net	-2,701	-1,859
Restricted Cash	-15	-607
Net Cash Flow Provided by Operating Activities	22,113	22,340
Cash Flows from Investing Activities:
Acquisitions of real estate investments	-122,714	-21,020
Investments in and advances to unconsolidated joint venture	-17	-6,592
Returns of deposits on real estate investments	627	0
Deposits On Acquisition Of Real Estate Investments	-400	-1,250
Improvements to properties and deferred charges	-7,405	-8,685
Net proceeds from sale of property	0	17,401
Distributions to noncontrolling interests	-1,426	-304
Distributions from unconsolidated joint ventures	1,031	1,009
Payments received on mortgage notes and other receivables	0	480
Net Cash Flow (Used in) Investing Activities	-130,304	-18,961
Cash Flows from Financing Activities:
Dividends paid - Common and Class A Common Stock	-17,759	-16,057
Dividends paid - Preferred Stock	-7,464	-6,906
Principal repayments on mortgage notes payable	-4,775	-1,948
Proceeds from mortgage notes payable and other loans	67,680	0
Redemption of redeemable preferred stock	-61,250	0
Repayments on revolving credit line borrowings	-80,050	-4,000
Proceeds from revolving credit line borrowings	79,750	31,050
Net proceeds from the issuance of preferred stock	4,648	0
Sales of additional shares of Common and Class A Common Stock	59,854	123
Net Cash Flow Provided by Financing Activities	40,634	2,262
Net Increase/(Decrease) In Cash and Cash Equivalents	-67,557	5,641
Cash and Cash Equivalents at Beginning of Period	73,029	2,945
Cash and Cash Equivalents at End of Period	5,472	8,586
Supplemental Cash Flow Disclosures:
Interest Paid	$6,620	$5,016

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) (USD $)	Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member]	Additional Paid In Capital [Member]	Cumulative Distributions in Excess of Net Income [Member]	Accumulated Other Comprehensive Income [Member]	Total	6.75% Series G Preferred Stock [Member]	Common Stock [Member]	Class A Common Stock [Member]
In Thousands, except Share data, unless otherwise specified	7.125% Series F Preferred Stock [Member]	6.75% Series G Preferred Stock [Member]	USD ($)	Class A Common Stock [Member]	USD ($)	USD ($)	USD ($)	USD ($)		USD ($)	USD ($)
	USD ($)	USD ($)		USD ($)
Balance at Oct. 31, 2014	$129,375	$70,000	$92	$236	$370,979	($95,702)	$63	$475,043
Balance (in shares) at Oct. 31, 2014	5,175,000	2,800,000	9,193,559	23,611,715
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income applicable to Common and Class A common stockholders	0	0	0	0	0	5,794	0	5,794		1,238	4,556
Change in unrealized losses on interest rate swap	0	0	0	0	0	0	-1,171	-1,171
Cash dividends paid :
Common stock	0	0	0	0	0	-4,206	0	-4,206
Class A common stock	0	0	0	0	0	-13,553	0	-13,553
Issuance of shares under dividend reinvestment plan	0	0	0	0	116	0	0	116
Issuance of shares under dividend reinvestment plan (in shares)			2,686	2,961
Shares issued under restricted stock plan	0	0	1	1	-2	0	0	0
Shares issued under restricted stock plan (in shares)			152,000	92,750
Issuance of Series G preferred stock		5,000			-353	0	0	4,647
Issuance of Series G preferred stock (in shares)		200,000
Issuance of common stock				29	59,738	0	0	59,767
Issuance of common stock (in shares)				2,875,000							2,500,000
Restricted stock compensation and other adjustments	0	0	0	0	1,943	0	0	1,943
Forfeiture of restricted stock (in shares)				-26,000
Adjustments to redeemable noncontrolling interests	0	0	0	0	0	1,525	0	1,525
Balance at Apr. 30, 2015	$129,375	$75,000	$93	$266	$432,421	($106,142)	($1,108)	$529,905
Balance (in shares) at Apr. 30, 2015	5,175,000	3,000,000	9,348,245	26,556,426

CONSOLIDATED_STATEMENT_OF_STOC1

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (UNAUDITED) (Parenthetical) (USD $)	6 Months Ended
	Apr. 30, 2015
Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends per share declared (in dollars per share)	$0.45
Class A Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends per share declared (in dollars per share)	$0.51
7.125% Series F Cumulative Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock, dividend rate (in hundredths)	7.13%
6.75% Series G Cumulative Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock, dividend rate (in hundredths)	6.75%
Preferred Stock [Member] | 7.125% Series F Cumulative Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock, dividend rate (in hundredths)	7.13%
Preferred Stock [Member] | 6.75% Series G Cumulative Preferred Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Preferred stock, dividend rate (in hundredths)	6.75%
Common Stock [Member] | Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends per share declared (in dollars per share)	$0.45
Common Stock [Member] | Class A Common Stock [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Common stock, dividends per share declared (in dollars per share)	$0.51

ORGANIZATION_BASIS_OF_PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Apr. 30, 2015
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 with a concentration in the metropolitan New York tri-state area outside of the City of New York.  The Company's major tenants include supermarket chains and other retailers who sell basic necessities.  At April 30, 2015, the Company owned or had equity interests in 73 properties containing a total of 5.1 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, 2015 are not necessarily indicative of the results that may be expected for the year ending October 31, 2015. 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, 2014.
	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, 2014 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 2015 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, 2015. As of April 30, 2015, the fiscal tax years 2011 through and including 2014 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, 2015, the Company believes it has no significant risk associated with non-performance of the financial institutions that are the counterparties to its derivative contracts.  At April 30, 2015, the Company had approximately $24.5 million in secured mortgage financings subject to interest rate swaps. Such interest rate swaps converted the LIBOR-based variable rates on the mortgage financings to an average fixed annual rate of 3.93% per annum. As of April 30, 2015, the Company had a deferred liability of $1.1 million (included in accounts payable and accrued expenses 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, 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of $1.1 million.  At October 31, 2014, accumulated other comprehensive income consisted of net unrealized gains on interest rate swap agreements of approximately $63,000. 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, 2015.
	Property Held for Sale and Discontinued Operations
	The Company reports properties that are either disposed of or are classified as held for sale in continuing 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.
	In September 2014, the Company sold one of its properties located in Springfield, MA, as that property no longer met the Company's investment objectives.  The revenue and expenses of this property are included in continuing operations in the consolidated statement of income for the six months ended April 30, 2014.
	In April 2015, the Company entered into a contract to sell one of its properties located in Meriden, CT as that property no longer met all of 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 Meriden 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 plans on completing the sale of the property sometime in the second half of fiscal 2015.
	The combined operating results of the Springfield property and the Meriden Property which are included in the continuing operations were as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2015			2014			2015			2014
	Revenues		$	3,034		$	4,036		$	1,789		$	2,139
	Property operating expense			(1,220	)		(2,082	)		(731	)		(1,233	)
	Depreciation and amortization			(625	)		(895	)		(251	)		(477	)
	Net Income		$	1,189		$	1,059		$	807		$	429
	In December 2013 (fiscal 2014), prior to the adoption of ASU 2014-08 that changed the criteria for reporting discontinued operations, 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 $13.0 million.  In accordance with ASC 360 and 205 (prior to the accounting change) 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.  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,
			2015			2014			2015			2014
	Revenues		$	-		$	141		$	-		$	-
	Property operating expense			-			-			-			-
	Depreciation and amortization			-			-			-			-
	Income from discontinued operations		$	-		$	141		$	-		$	-
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2015 and 2014 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,
			2015			2014			2015			2014
	Cash flows from operating activities		$	-		$	(12,471	)	$	-		$	-
	Cash flows from investing activities		$	-		$	17,401		$	-		$	-
	Cash flows from financing activities		$	-		$	-		$	-		$	-
	Revenue Recognition
	Revenues from operating leases include revenues from 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, 2015 and October 31, 2014, $15,638,000 and $14,853,000, respectively, has been recognized as straight-line rents receivable (representing the current 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, 2015 and October 31, 2014, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,337,000 and $3,106,000, 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,
		2015			2014			2015			2014
Numerator
Net income applicable to common stockholders – basic		$	1,238		$	4,297		$	785		$	664
Effect of dilutive securities:
Restricted stock awards			67			241			47			43
Net income applicable to common stockholders – diluted		$	1,305		$	4,538		$	832		$	707
Denominator
Denominator for basic EPS – weighted average common shares			8,057			7,799			8,059			7,800
Effect of dilutive securities:
Restricted stock awards			620			644			692			742
Denominator for diluted EPS – weighted average common equivalent shares			8,677			8,443			8,751			8,542
Numerator
Net income applicable to Class A common stockholders-basic		$	4,556		$	14,349		$	2,892		$	2,217
Effect of dilutive securities:
Restricted stock awards			(67	)		(241	)		(47	)		(43	)
Net income applicable to Class A common stockholders – diluted		$	4,489		$	14,108		$	2,845		$	2,174
Denominator
Denominator for basic EPS – weighted average Class A common shares			26,151			23,208			26,188			23,206
Effect of dilutive securities:
Restricted stock awards			173			184			208			221
Denominator for diluted EPS – weighted average Class A common equivalent shares			26,324			23,392			26,396			23,427
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 May 2014, the FASB issued Accounting Standards Update ("ASU") ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)" ("ASU 2014-09"). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying ASU 2014-09, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB's ASC. ASU 2014-09 is effective for annual reporting periods (including interim periods within that reporting period) beginning after December 15, 2016 and shall be applied using either a full retrospective or modified retrospective approach. Early application is not permitted. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 will have on its consolidated financial statements.
During April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs." ASU 2015-03 modifies the treatment of debt issuance costs from a deferred charge to a deduction of the carrying value of the financial liability. ASU 2015-03 is effective for periods beginning after December 15, 2015, with early adoption permitted and retrospective application. ASU 2015-03 is not expected to have a material impact on the Company's consolidated financial statements.
In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" ("ASU 2015-02").  ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. We are currently assessing the potential impact that the adoption of ASU 2015-02 will have on our consolidated financial statements.
The Company has evaluated all other new ASU's 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, 2015.

CORE_PROPERTIES

CORE PROPERTIES	6 Months Ended
	Apr. 30, 2015
CORE PROPERTIES [Abstract]
CORE PROPERTIES	(2) CORE PROPERTIES
	In December 2014, the Company, through four wholly-owned subsidiaries, purchased, for $124.6 million, four shopping centers totaling approximately 375,000 square feet located in the Counties of Bergen,  Morris and Passaic, New Jersey (together the "NJ Retail Properties").   The Company funded the purchase with a combination of available cash remaining from the sale of Class A Common Stock and the sale of its Series G Preferred Stock (see Note 6), borrowings under its Unsecured Revolving Credit Facility (the "Facility") and non-recourse mortgage loans secured by the subject properties (see Note 3).
	In April 2015, the Company entered into a contract to purchase, for $4.0 million, a 7,000 square foot retail property located in the Company's core marketplace.  Pursuant to the contract, the Company placed a deposit of $400,000 with the seller which is included in prepaid expenses and other assets on the consolidated balance sheet at April 30, 2015.  The Company plans on funding the acquisition with a combination of available cash and borrowings under its Facility.
	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 NJ Retail Properties purchased in the first quarter of fiscal 2015 and the Greenwich and McLean Properties purchased in fiscal 2014.  Consequently, no value has yet been assigned to the leases for those properties and the purchase price allocation is preliminary and may be subject to change.
	For the six month periods ended April 30, 2015 and 2014, the net amortization of above-market and below-market leases was approximately $532,000 and $210,000, 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, 2015
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, 2015.
	During the six months ended April 30, 2015, the Company borrowed $79.8 million on the Facility to fund property acquisitions and capital improvements.  During the six months ended April 30, 2015, the Company repaid $80.1 million on the Facility after the sale of its Springfield MA. property and with the proceeds from the mortgage placed on the NJ Retail Properties and other available cash.
	The Company has an additional Unsecured Term Loan (the "Term Loan") in the amount of $25 million with The Bank of New York Mellon as the lender. The Term Loan has a term of six months and is due on August 22, 2015.  The Term Loan bears interest at Eurodollar rate plus 1.4% to 1.9% based on consolidated indebtedness.  The Term Loan has the same financial covenants as the Facility.
	In December 2014, the Company placed $62.7 million in non-recourse first mortgage loans that are secured by the NJ Retail Properties (see note 2).  The mortgage loan requires monthly payments of principal and interest in the amount of $294,000 at a fixed interest rate of 3.85% per annum.  The mortgage matures in January 2027.  Proceeds from the mortgage were used to repay the Facility.

CONSOLIDATED_JOINT_VENTURES_AN

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	6 Months Ended
	Apr. 30, 2015
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 three joint ventures, UB Ironbound, LP ("Ironbound"), UB Orangeburg, LLC ("Orangeburg") and McLean Plaza Associates, LLC ("McLean"), each of which owns a commercial retail property.  The Company has evaluated its investment in these three joint ventures and has concluded that the ventures are not VIEs, however these 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 these ventures and that the joint ventures should be consolidated into the consolidated financial statements of the Company.  The Company's investment in these 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.  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 a 31.6% interest in Orangeburg, which owns a drug store 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.  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.
	McLean Plaza
	The Company, through a wholly-owned subsidiary, is the managing member and owns a 53% interest in McLean, which owns a grocery anchored shopping center. The McLean operating agreement provides for the non-managing members to receive a fixed annual cash distribution equal to 5.05% of their invested capital.  The annual cash distribution is paid from available cash, as defined, of McLean.  The balance of available cash, if any, is fully distributable to the Company.  Upon liquidation, proceeds from the sale of McLean assets are to be distributed in accordance with the operating agreement.  The non-managing members are not obligated to make any additional capital contributions to the entity.
	Noncontrolling Interests
	The Company accounts for non-controlling interests in accordance with ASC Topic 810, "Consolidation". Because the limited partners or non-controlling members in Ironbound, Orangeburg and McLean 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 the 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 and McLean redemptions are based solely on the price of the Company's Class A Common stock on the date of redemption.   For the six month periods ended April 30, 2015 and 2014, the Company increased/(decreased) the carrying value of the non-controlling interests by $(1.5) million and $254,000, 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, 2015 and October 31, 2014: (amounts in thousands)
		30-Apr-15			31-Oct-14
	Beginning Balance	$	18,864		$	11,843
	McLean Plaza Noncontrolling Interest-Net		(615	)		6,134
	Change in Redemption Value		(1,525	)		887
	Ending Balance	$	16,724		$	18,864

INVESTMENTS_IN_AND_ADVANCES_TO

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	6 Months Ended
	Apr. 30, 2015
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, 2015 and October 31, 2014 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,
		2015		2014
	Chestnut Ridge and Plaza 59 Shopping Centers (50%)	$	18,325	$	18,380
	Gateway Plaza (50%)		7,190		7,069
	Putnam Plaza Shopping Center (66.67%)		6,429		6,525
	Midway Shopping Center, L.P. (11.642%)		5,237		5,322
	Applebee's at Riverhead (50%)		1,186		1,194
	81 Pondfield Road Company (20%)		723		723
	Total	$	39,090	$	39,213
	Gateway Plaza and Applebee's at Riverhead
	The Company, through two wholly owned subsidiaries, owns a 50% undivided equity interest in the Gateway Plaza Shopping Center ("Gateway") and Applebee's at Riverhead ("Applebee's").  Both properties are located in Riverhead, New York (together the "Riverhead Properties").  Gateway, a 194,000 square foot shopping center is anchored by a 168,000 square foot newly constructed Walmart.  The property also has 27,000 square feet of newly constructed in-line space, of which 24,000 is leased.  The remaining vacancies are 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.
	Simultaneously with 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 is held in escrow by the lender until certain conditions are met regarding the leasing of the 27,000 square foot building.  The mortgage matures on March 31, 2024 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. 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.
	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 $31 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 76,000 square foot Chestnut Ridge Shopping Center located in Montvale, New Jersey ("Chestnut") and the 24,000 square foot Plaza 59 Shopping Center located in Spring Valley, New York ("Plaza 59") for a combined investment of approximately $18.0 million.
	Putnam Plaza Shopping Center
	The Company, through a wholly owned subsidiary, owns a 66.67% (noncontrolling) undivided equity interest in the 189,000 square foot Putnam Plaza Shopping Center ("Putnam Plaza") located in Carmel, New York.
	Putnam Plaza has a first mortgage payable in the amount of $20.4 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.
	The Company accounts for the above investments under the equity method of accounting since it exercises significant influence, but does not control the joint ventures.  The other venturers in the joint ventures have substantial participation rights in the financial decisions and operation of the ventures or properties, which preclude the Company from consolidating the investments. The Company has evaluated its investment in the joint ventures and has concluded that the joint 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.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Apr. 30, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	(6)  STOCKHOLDERS' EQUITY
	Authorized Stock
	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 recognizes 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 is 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, 2015, the Company awarded 152,000 shares of Common Stock and 92,750 shares of Class A Common Stock to participants in the Plan.  The grant date fair value of restricted stock grants awarded to participants in 2015 was approximately $4.8 million.
	A summary of the status of the Company's non-vested Common and Class A Common shares as of April 30, 2015, and changes during the six months ended April 30, 2015 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, 2014		1,380,800		$	16.21		399,950		$	18.01
	Granted		152,000		$	18.37		92,750		$	22.1
	Vested		(250,950	)	$	15.66		(87,400	)	$	15.88
	Forfeited		-		$	-		(26,000	)	$	19.46
	Non-vested at April 30, 2015		1,281,850		$	16.58		379,300		$	19.38
	As of April 30, 2015, there was $14.9 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 5.0 years.  For the six month periods ended April 30, 2015 and 2014 amounts charged to compensation expense totaled $1,907,000 and $1,993,000, 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, in the aggregate, of Common stock, Class A Common stock, 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, 2015, the Company did not repurchase any shares of stock under either program.
	Preferred Stock
	On November 21, 2014, the Company redeemed all outstanding shares of its Series D Preferred Stock.
	The 7.125% Series F Senior Cumulative Preferred Stock (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. Underwriting commissions and costs incurred in connection with the sale of the Series F Preferred Stock are reflected as a reduction of additional paid in capital.
	During fiscal 2014, the Company completed the public offering of 2,800,000 shares of 6.75% Series G Senior Cumulative Preferred Stock (the "Series G Preferred Stock") at a price of $25.00 per share for net proceeds of $67.8 million after underwriting discounts but before offering expenses. These shares are nonvoting, have no stated maturity and are redeemable for cash at $25 per share at the Company's option on or after October 28, 2019. Holders of these shares are entitled to cumulative dividends, payable quarterly in arrears. The holders of our Series G Preferred Stock have general preference rights with respect to liquidation and quarterly distributions. Except under certain conditions holders of the Series G 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 G 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 holder of the Series G Preferred Stock will have the right to convert all or part of the shares of Series G Preferred Stock held by such holder on the applicable conversion date into a number of the Company's shares of Class A common stock. Underwriting commissions and costs incurred in connection with the sale of the Series G Preferred Stock are reflected as a reduction of additional paid in capital.  In November 2014, the underwriter notified the Company that it was exercising its over-allotment option to purchase an additional 200,000 shares of Series G preferred stock at $25 per share.  As a result, in November 2014, the Company received an additional $4.8 million in net proceeds.
	Common Stock
	In November 2014, the Company sold 2,500,000 shares of Class A Common Stock in an underwritten follow-on common stock offering for $20.82 per share and raised net proceeds of $52.1 million. In addition, in November 2014, the underwriters of the offering exercised their over-allotment option and purchased an additional 375,000 shares of Class A Common stock at the same price, which raised an additional $7.8 million.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Apr. 30, 2015
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 for those interests based on the Company's Class A Common stock 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 or limited liability company in which the investor owns the joint venture 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, 2014 and April 30, 2015, 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-15
	Liabilities:
	Interest Rate Swap Agreement		$	1,108	$	-	$	1,108	$	-
	Redeemable noncontrolling interests		$	16,724	$	13,836	$	-	$	2,888
	31-Oct-14
	Assets:
	Interest Rate Swap Agreement		$	63	$	-	$	63	$	-
	Liabilities:
	Redeemable noncontrolling interests		$	18,864	$	9,802	$	-	$	9,062
	Fair market value measurements based upon Level 3 inputs changed from $2,897 at November 1, 2013 to $9,062 at October 31, 2014 as a result of a $30 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 and an increase in the amount of $6,134 representing the non-controlling interest in the Company's McLean Plaza investment (See note 5).  Fair market value measurements based upon Level 3 inputs changed from $9,062 at November 1, 2014 to $2,888 at April 30, 2015 as a result of a $40 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 (See note 4) and the transfer in the amount of $6,134 of the noncontrolling interest in McLean to Level 1.  During the quarter ended January 31, 2015, McLean was converted to a limited liability company from a general partnership.  One of the results of this conversion is that the noncontrolling equity interests in McLean can only be redeemed for shares of the Company's Class A Common Stock or for cash based on the value of the Company's Class A Common stock and in accordance with ASC 810; the noncontrolling interest will now be valued as a Level 1 measurement.
	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 Facility and Term Loan are 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 $268 million at April 30, 2015 and $205 million at October 31, 2014, 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, 2014, 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, 2015
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, 2015, the Company had commitments of approximately $4.8 million for capital improvements to its properties and tenant related obligations.

PRO_FORMA_FINANCIAL_INFORMATIO

PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	6 Months Ended
	Apr. 30, 2015
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Abstract]
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Text Block]	(9) PRO FORMA FINANCIAL INFORMATION
	The unaudited pro forma financial information set forth below is based upon the Company's historical consolidated statements of income for the six month periods ended April 30, 2015 and 2014 adjusted to give effect to the property acquisitions, including acquisition costs, completed during the current fiscal year ended April 30, 2015 (see Note 2) and the Company's Class A Common stock offering completed in November 2014 as though these transactions were completed on November 1, 2013.
	The pro forma financial information is presented for informational purposes only and may not be indicative of what the actual results of operations would have been had the transactions occurred as of the beginning of that year nor does it purport to represent the results of future operations (amounts in thousands).
		Six Months Ended
		April 30,
		2015			2014
	Pro forma revenues	$	59,695		$	56,039
	Pro forma income from continuing operations	$	15,422		$	12,362
	Pro forma income from continuing operations applicable to Common and Class A Common stockholders:	$	7,574		$	5,152
	Basic Earnings Per Share:
	Per Common Share:
	Income from continuing operations	$	0.2		$	0.14
	Net Income Applicable to Common Stockholders	$	0.2		$	0.48
	Per Class A Common Share:
	Income from continuing operations	$	0.23		$	0.16
	Net Income Applicable to Class A Common Stockholders	$	0.23		$	0.54
	Diluted Earnings Per Share:
	Per Common Share:
	Income from continuing operations	$	0.2		$	0.14
	Net Income Applicable to Common Stockholders	$	0.2		$	0.47
	Per Class A Common Share:
	Income from continuing operations	$	0.22		$	0.15
	Net Income Applicable to Class A Common Stockholders	$	0.22		$	0.53
	The following table summarizes the revenues and income from continuing operations that is included in the Company's historical consolidated statement of income for the six months ended April 30, 2015 for the properties acquired in fiscal 2015 as more fully described in note 2 (amounts in thousands).
	Revenues	$	4,146
	Loss from continuing operations (Note 1)	$	(695	)

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Apr. 30, 2015
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	(10) SUBSEQUENT EVENTS
	On June 3, 2015, the Board of Directors of the Company declared cash dividends of $0.225 for each share of Common Stock and $0.255 for each share of Class A Common Stock.  The dividends are payable on July 17, 2015 to stockholders of record on July 2, 2015.
	Index
	Item 2.                          Management's Discussion and Analysis of Financial Condition and Results of Operations

ORGANIZATION_BASIS_OF_PRESENTA1

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Apr. 30, 2015
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, 2015 are not necessarily indicative of the results that may be expected for the year ending October 31, 2015. 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, 2014.
	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, 2014 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 2015 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, 2015. As of April 30, 2015, the fiscal tax years 2011 through and including 2014 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, 2015, the Company believes it has no significant risk associated with non-performance of the financial institutions that are the counterparties to its derivative contracts.  At April 30, 2015, the Company had approximately $24.5 million in secured mortgage financings subject to interest rate swaps. Such interest rate swaps converted the LIBOR-based variable rates on the mortgage financings to an average fixed annual rate of 3.93% per annum. As of April 30, 2015, the Company had a deferred liability of $1.1 million (included in accounts payable and accrued expenses 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, 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of $1.1 million.  At October 31, 2014, accumulated other comprehensive income consisted of net unrealized gains on interest rate swap agreements of approximately $63,000. 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, 2015.
Property Held for Sale and Discontinued Operations	Property Held for Sale and Discontinued Operations
	The Company reports properties that are either disposed of or are classified as held for sale in continuing 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.
	In September 2014, the Company sold one of its properties located in Springfield, MA, as that property no longer met the Company's investment objectives.  The revenue and expenses of this property are included in continuing operations in the consolidated statement of income for the six months ended April 30, 2014.
	In April 2015, the Company entered into a contract to sell one of its properties located in Meriden, CT as that property no longer met all of 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 Meriden 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 plans on completing the sale of the property sometime in the second half of fiscal 2015.
	The combined operating results of the Springfield property and the Meriden Property which are included in the continuing operations were as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2015			2014			2015			2014
	Revenues		$	3,034		$	4,036		$	1,789		$	2,139
	Property operating expense			(1,220	)		(2,082	)		(731	)		(1,233	)
	Depreciation and amortization			(625	)		(895	)		(251	)		(477	)
	Net Income		$	1,189		$	1,059		$	807		$	429
	In December 2013 (fiscal 2014), prior to the adoption of ASU 2014-08 that changed the criteria for reporting discontinued operations, 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 $13.0 million.  In accordance with ASC 360 and 205 (prior to the accounting change) 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.  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,
			2015			2014			2015			2014
	Revenues		$	-		$	141		$	-		$	-
	Property operating expense			-			-			-			-
	Depreciation and amortization			-			-			-			-
	Income from discontinued operations		$	-		$	141		$	-		$	-
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2015 and 2014 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,
			2015			2014			2015			2014
	Cash flows from operating activities		$	-		$	(12,471	)	$	-		$	-
	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. 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, 2015 and October 31, 2014, $15,638,000 and $14,853,000, respectively, has been recognized as straight-line rents receivable (representing the current 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, 2015 and October 31, 2014, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,337,000 and $3,106,000, 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.
	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	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 May 2014, the FASB issued Accounting Standards Update ("ASU") ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)" ("ASU 2014-09"). The objective of ASU 2014-09 is to establish a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will supersede most of the existing revenue recognition guidance, including industry-specific guidance. The core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In applying ASU 2014-09, companies will perform a five-step analysis of transactions to determine when and how revenue is recognized. ASU 2014-09 applies to all contracts with customers except those that are within the scope of other topics in the FASB's ASC. ASU 2014-09 is effective for annual reporting periods (including interim periods within that reporting period) beginning after December 15, 2016 and shall be applied using either a full retrospective or modified retrospective approach. Early application is not permitted. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 will have on its consolidated financial statements.
	During April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs." ASU 2015-03 modifies the treatment of debt issuance costs from a deferred charge to a deduction of the carrying value of the financial liability. ASU 2015-03 is effective for periods beginning after December 15, 2015, with early adoption permitted and retrospective application. ASU 2015-03 is not expected to have a material impact on the Company's consolidated financial statements.
	In February 2015, the FASB issued ASU 2015-02, "Consolidation (Topic 810): Amendments to the Consolidation Analysis" ("ASU 2015-02").  ASU 2015-02 affects reporting entities that are required to evaluate whether they should consolidate certain legal entities. ASU 2015-02 modifies the evaluation of whether limited partnerships and similar legal entities are VIEs or voting interest entities, eliminates the presumption that a general partner should consolidate a limited partnership and affects the consolidation analysis of reporting entities that are involved with VIEs, particularly those that have fee arrangements and related party relationships. ASU 2015-02 is effective for fiscal years, and for interim periods within those fiscal years, beginning after December 15, 2015. Early adoption is permitted. A reporting entity may apply the amendments in ASU 2015-02 using: (a) a modified retrospective approach by recording a cumulative-effect adjustment to equity as of the beginning of the fiscal year of adoption; or (b) by applying the amendments retrospectively. We are currently assessing the potential impact that the adoption of ASU 2015-02 will have on our consolidated financial statements.
	The Company has evaluated all other new ASU's 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, 2015.

CORE_PROPERTIES_Policies

CORE PROPERTIES (Policies)	6 Months Ended
	Apr. 30, 2015
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, 2015
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Operating results for properties held for sale in continuing operations [Text Block]	The combined operating results of the Springfield property and the Meriden Property which are included in the continuing operations were as follows (amounts in thousands):
			Six Months Ended						Three Months Ended
			April 30,						April 30,
			2015			2014			2015			2014
	Revenues		$	3,034		$	4,036		$	1,789		$	2,139
	Property operating expense			(1,220	)		(2,082	)		(731	)		(1,233	)
	Depreciation and amortization			(625	)		(895	)		(251	)		(477	)
	Net Income		$	1,189		$	1,059		$	807		$	429
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,
			2015			2014			2015			2014
	Revenues		$	-		$	141		$	-		$	-
	Property operating expense			-			-			-			-
	Depreciation and amortization			-			-			-			-
	Income from discontinued operations		$	-		$	141		$	-		$	-
	Cash flows from discontinued operations for the six and three month periods ended April 30, 2015 and 2014 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,
			2015			2014			2015			2014
	Cash flows from operating activities		$	-		$	(12,471	)	$	-		$	-
	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,
			2015			2014			2015			2014
	Numerator
	Net income applicable to common stockholders – basic		$	1,238		$	4,297		$	785		$	664
	Effect of dilutive securities:
	Restricted stock awards			67			241			47			43
	Net income applicable to common stockholders – diluted		$	1,305		$	4,538		$	832		$	707
	Denominator
	Denominator for basic EPS – weighted average common shares			8,057			7,799			8,059			7,800
	Effect of dilutive securities:
	Restricted stock awards			620			644			692			742
	Denominator for diluted EPS – weighted average common equivalent shares			8,677			8,443			8,751			8,542
	Numerator
	Net income applicable to Class A common stockholders-basic		$	4,556		$	14,349		$	2,892		$	2,217
	Effect of dilutive securities:
	Restricted stock awards			(67	)		(241	)		(47	)		(43	)
	Net income applicable to Class A common stockholders – diluted		$	4,489		$	14,108		$	2,845		$	2,174
	Denominator
	Denominator for basic EPS – weighted average Class A common shares			26,151			23,208			26,188			23,206
	Effect of dilutive securities:
	Restricted stock awards			173			184			208			221
	Denominator for diluted EPS – weighted average Class A common equivalent shares			26,324			23,392			26,396			23,427

CONSOLIDATED_JOINT_VENTURES_AN1

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	6 Months Ended
	Apr. 30, 2015
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, 2015 and October 31, 2014: (amounts in thousands)
		30-Apr-15			31-Oct-14
	Beginning Balance	$	18,864		$	11,843
	McLean Plaza Noncontrolling Interest-Net		(615	)		6,134
	Change in Redemption Value		(1,525	)		887
	Ending Balance	$	16,724		$	18,864

INVESTMENTS_IN_AND_ADVANCES_TO1

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Tables)	6 Months Ended
	Apr. 30, 2015
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]
Investments in and advances to unconsolidated joint ventures	At April 30, 2015 and October 31, 2014 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,
		2015		2014
	Chestnut Ridge and Plaza 59 Shopping Centers (50%)	$	18,325	$	18,380
	Gateway Plaza (50%)		7,190		7,069
	Putnam Plaza Shopping Center (66.67%)		6,429		6,525
	Midway Shopping Center, L.P. (11.642%)		5,237		5,322
	Applebee's at Riverhead (50%)		1,186		1,194
	81 Pondfield Road Company (20%)		723		723
	Total	$	39,090	$	39,213

STOCKHOLDERS_EQUITY_Tables

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Apr. 30, 2015
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, 2015, and changes during the six months ended April 30, 2015 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, 2014		1,380,800		$	16.21		399,950		$	18.01
	Granted		152,000		$	18.37		92,750		$	22.1
	Vested		(250,950	)	$	15.66		(87,400	)	$	15.88
	Forfeited		-		$	-		(26,000	)	$	19.46
	Non-vested at April 30, 2015		1,281,850		$	16.58		379,300		$	19.38

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Apr. 30, 2015
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-15
	Liabilities:
	Interest Rate Swap Agreement	$	1,108	$	-	$	1,108	$	-
	Redeemable noncontrolling interests	$	16,724	$	13,836	$	-	$	2,888
	31-Oct-14
	Assets:
	Interest Rate Swap Agreement	$	63	$	-	$	63	$	-
	Liabilities:
	Redeemable noncontrolling interests	$	18,864	$	9,802	$	-	$	9,062
	Fair market value measurements based upon Level 3 inputs changed from $2,897 at November 1, 2013 to $9,062 at October 31, 2014 as a result of a $30 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 and an increase in the amount of $6,134 representing the non-controlling interest in the Company's McLean Plaza investment (See note 5).  Fair market value measurements based upon Level 3 inputs changed from $9,062 at November 1, 2014 to $2,888 at April 30, 2015 as a result of a $40 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 (See note 4) and the transfer in the amount of $6,134 of the noncontrolling interest in McLean to Level 1.  During the quarter ended January 31, 2015, McLean was converted to a limited liability company from a general partnership.  One of the results of this conversion is that the noncontrolling equity interests in McLean can only be redeemed for shares of the Company's Class A Common Stock or for cash based on the value of the Company's Class A Common stock and in accordance with ASC 810; the noncontrolling interest will now be valued as a Level 1 measurement.

PRO_FORMA_FINANCIAL_INFORMATIO1

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Tables)	6 Months Ended
	Apr. 30, 2015
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Abstract]
Business Acquisition Pro Forma Information [Table Text Block]	The pro forma financial information is presented for informational purposes only and may not be indicative of what the actual results of operations would have been had the transactions occurred as of the beginning of that year nor does it purport to represent the results of future operations (amounts in thousands).
		Six Months Ended
		April 30,
		2015			2014
	Pro forma revenues	$	59,695		$	56,039
	Pro forma income from continuing operations	$	15,422		$	12,362
	Pro forma income from continuing operations applicable to Common and Class A Common stockholders:	$	7,574		$	5,152
	Basic Earnings Per Share:
	Per Common Share:
	Income from continuing operations	$	0.2		$	0.14
	Net Income Applicable to Common Stockholders	$	0.2		$	0.48
	Per Class A Common Share:
	Income from continuing operations	$	0.23		$	0.16
	Net Income Applicable to Class A Common Stockholders	$	0.23		$	0.54
	Diluted Earnings Per Share:
	Per Common Share:
	Income from continuing operations	$	0.2		$	0.14
	Net Income Applicable to Common Stockholders	$	0.2		$	0.47
	Per Class A Common Share:
	Income from continuing operations	$	0.22		$	0.15
	Net Income Applicable to Class A Common Stockholders	$	0.22		$	0.53
Revenue and earnings of acquiree included in consolidated income [Table Text Block]	The following table summarizes the revenues and income from continuing operations that is included in the Company's historical consolidated statement of income for the six months ended April 30, 2015 for the properties acquired in fiscal 2015 as more fully described in note 2 (amounts in thousands).
	Revenues	$	4,146
	Loss from continuing operations (Note 1)	$	(695	)

ORGANIZATION_BASIS_OF_PRESENTA3

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	3 Months Ended		6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
	Property		Property
	sqft		OperatingSegment
			sqft
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of properties the Company owned or had equity interest in	73		73
Gross Leasable Area of properties the Company owned or had equity interest in (in square feet)	5,100,000		5,100,000
Minimum real estate trust taxable income required to be distributed for REIT to be nontaxable (in hundredths)			90.00%
Income Tax Contingency [Line Items]
Mortgage loans subject to interest rate swap	$24,500,000		$24,500,000
Fixed annual rate of interest rate swap (in hundredths)	3.93%		3.93%
Accrued liabilities relating to fair value of Company's interest rate swap	1,100,000		1,100,000
Comprehensive income [Abstract]
Net unrealized gains/losses on an interest rate swap agreement included in accumulated other comprehensive income	1,100,000		1,100,000		63,000
Number of properties held for sale	1		1
Revenues	1,789,000	2,139,000	3,034,000	4,036,000
Property operating expense	-731,000	-1,233,000	-1,220,000	-2,082,000
Depreciation and amortization	-251,000	-477,000	-625,000	-895,000
Net Income	807,000	429,000	1,189,000	1,059,000
Number of non-core real estate properties sold			2
Number of core properties held for sale			1
Sales price of properties held for sale			18,100,000
Gain on sale of properties			13,000,000
Revenues	0	0	0	141,000
Property operating expense	0	0	0	0
Depreciation and amortization	0	0	0	0
Income from discontinued operations	0	0	0	141,000
Cash flows from operating activities	0	0	0	-12,471,000
Cash flows from investing activities	0	0	0	17,401,000
Cash flows from financing activities	0	0	0	0
Straight-line rents receivable	15,638,000		15,638,000		14,853,000
Allowance of doubtful accounts against tenants receivables, percentage of deferred straight-line rents receivable	10.00%		10.00%
Tenants receivable, allowance for doubtful accounts	3,337,000		3,337,000		3,106,000
Numerator [Abstract]
Net income applicable to common and Class A common stockholders - basic	3,677,000	2,881,000	5,794,000	18,646,000
Effect of dilutive securities [Abstract]
Number of operating industry segment			1
Common Stock [Member]
Numerator [Abstract]
Net income applicable to common and Class A common stockholders - basic	785,000	664,000	1,238,000	4,297,000
Effect of dilutive securities [Abstract]
Restricted Stock awards	47,000	43,000	67,000	241,000
Net income applicable to common stockholders - diluted	832,000	707,000	1,305,000	4,538,000
Denominator [Abstract]
Denominator for basic EPS - weighted average common shares (in shares)	8,059	7,800	8,057,000	7,799,000
Effect of dilutive securities [Abstract]
Restricted stock awards (in shares)	692	742	620,000	644,000
Denominator for diluted EPS - weighted average common equivalent shares (in shares)	8,751	8,542	8,677,000	8,443,000
Class A Common Stock [Member]
Numerator [Abstract]
Net income applicable to common and Class A common stockholders - basic	2,892,000	2,217,000	4,556,000	14,349,000
Effect of dilutive securities [Abstract]
Restricted Stock awards	-47,000	-43,000	-67,000	-241,000
Net income applicable to common stockholders - diluted	$2,845,000	$2,174,000	$4,489,000	$14,108,000
Denominator [Abstract]
Denominator for basic EPS - weighted average common shares (in shares)	26,188	23,206	26,151,000	23,208,000
Effect of dilutive securities [Abstract]
Restricted stock awards (in shares)	208	221	173,000	184,000
Denominator for diluted EPS - weighted average common equivalent shares (in shares)	26,396	23,427	26,324,000	23,392,000
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			Shorter of lease term or their useful life
Minimum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service			2011
Minimum [Member] | Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			30 years
Minimum [Member] | Property Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			10 years
Minimum [Member] | Furniture/Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			3 years
Maximum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service			2014
Maximum [Member] | Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			40 years
Maximum [Member] | Property Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			20 years
Maximum [Member] | Furniture/Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life			10 years

CORE_PROPERTIES_Details

CORE PROPERTIES (Details) (USD $)	6 Months Ended
	Apr. 30, 2015	Apr. 30, 2014
Business Acquisition [Line Items]
Deposits On Acquisition Of Real Estate Investments	($400,000)	($1,250,000)
Amortization of above-market and below-market leases	532,000	210,000
NJ Retail Properties [Member]
Business Acquisition [Line Items]
Number of wholly-owned subsidiaries involved in acquisition of properties	4
Purchase price of property acquired	124,600,000
Number of properties acquired	4
Area of real estate property acquired	375,000
Fort Lee [Member]
Business Acquisition [Line Items]
Purchase price of property acquired	4,000,000
Area of real estate property acquired	7,000
Deposits On Acquisition Of Real Estate Investments	$400,000

MORTGAGE_NOTES_PAYABLE_AND_BAN1

MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS (Details) (USD $)	6 Months Ended		3 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015
Line of Credit Facility [Line Items]
Repayments of borrowings on facility	$80,050,000	$4,000,000
Debt instrument, face amount	24,500,000		24,500,000
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		80,000,000
Option, maximum borrowing capacity	125,000,000		125,000,000
Number of extensions	1		1
Extension period	1 year
Maturity date	21-Sep-16
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, 2015
Borrowing under revolving credit facility	79,800,000
Repayments of borrowings on facility	80,100,000
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] | Unsecured Revolving Credit Agreement [Member] | Eurodollar [Member]
Line of Credit Facility [Line Items]
Description of variable rate basis	Eurodollar rate
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	1.50%
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	2.00%
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | The Bank of New York Mellon's Prime Rate [Member]
Line of Credit Facility [Line Items]
Description of variable rate basis	The Bank of New York Mellon's prime lending rate
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | The Bank of New York Mellon's Prime Rate [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	0.50%
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		10,000,000
The Bank of New York Mellon [Member] | Unsecured Term Loan [Member] | Eurodollar [Member]
Line of Credit Facility [Line Items]
Maturity date	22-Aug-15
Description of variable rate basis	Eurodollar rate
Debt instrument, face amount	25,000,000		25,000,000
Debt instrument, term	6 months
The Bank of New York Mellon [Member] | Unsecured Term Loan [Member] | Eurodollar [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	1.40%
The Bank of New York Mellon [Member] | Unsecured Term Loan [Member] | Eurodollar [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Basis spread on variable rate (in hundredths)	1.90%
Life Company [Member] | Non-recourse First Mortgage Loan [Member]
Line of Credit Facility [Line Items]
Debt instrument, face amount	62,700,000		62,700,000
Monthly payments of principal and interest			$294,000
Fixed interest rate (in hundredths)	3.85%		3.85%
Maturity date			31-Jan-27

CONSOLIDATED_JOINT_VENTURES_AN2

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Details) (USD $)	6 Months Ended		12 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014
Business Acquisition [Line Items]
Real Estate Investment Property, Net	$790,072,000		$669,117,000
Increased/(decreased) in carrying value of non-controlling interests	-1,500,000	254,000
Redeemable non-controlling interests [Abstract]
Beginning Balance	18,864,000	11,843,000	11,843,000
Initial McLean Plaza noncontrolling Interests	-615,000		6,134,000
Change in Redemption Value	-1,525,000		887,000
Ending Balance	$16,724,000		$18,864,000
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)	31.60%
McLean Plaza Associates [Member]
Business Acquisition [Line Items]
Ownership interest (in hundredths)	53.00%
Fixed annual distribution (in hundredths)	5.05%

INVESTMENTS_IN_AND_ADVANCES_TO2

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Details) (USD $)	6 Months Ended
	Apr. 30, 2015	Oct. 31, 2014
	sqft
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$39,090,000	$39,213,000
Debt instrument, face amount	24,500,000
Midway Shopping Center, L.P. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	5,237,000	5,322,000
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	39 years
Midway Shopping Center, L.P. [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Fixed interest rate (in hundredths)	4.80%
Maturity date	1-Jan-27
Debt instrument, face amount	31,000,000
Putnam Plaza Shopping Center [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	6,429,000	6,525,000
Ownership interest (in hundredths)	66.67%	66.67%
Area of property (in square feet)	189,000
Putnam Plaza Shopping Center [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Fixed interest rate (in hundredths)	4.17%
Maturity date	31-Dec-19
Debt instrument, face amount	20,400,000
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	18,325,000	18,380,000
Ownership interest (in hundredths)	50.00%	50.00%
Purchase price of property acquired	18,000,000
Chestnut Ridge [Member]
Schedule of Equity Method Investments [Line Items]
Area of property (in square feet)	76,000
Plaza 59 Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Area of property (in square feet)	24,000
Gateway Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	7,190,000	7,069,000
Ownership interest (in hundredths)	50.00%	50.00%
Area of property (in square feet)	194,000
Purchase price of property acquired	6,100,000
Square footage of anchor tenant	168,000
Mortgage proceeds retained by lender	2,000,000
Gateway Plaza [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Fixed interest rate (in hundredths)	4.20%
Maturity date	31-Mar-24
Debt instrument, face amount	14,000,000
Additional buildable square feet	27,000
Mortgage proceeds paid to seller at closing	12,000,000
In-line space leased (in square feet)	24,000
Applebee's at Riverhead [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$1,186,000	$1,194,000
Ownership interest (in hundredths)	50.00%	50.00%
Area of property (in square feet)	5,400
Additional buildable square feet	7,200

STOCKHOLDERS_EQUITY_Details

STOCKHOLDERS' EQUITY (Details) (USD $)	6 Months Ended		12 Months Ended	3 Months Ended
	Apr. 30, 2015	Apr. 30, 2014	Oct. 31, 2014	Apr. 30, 2015
Equity, Class of Treasury Stock [Line Items]
Shares authorized (in shares)	200,000,000			200,000,000
Common stock, shares authorized (in shares)	30,000,000			30,000,000
Excess Stock, shares authorized (in shares)	20,000,000		20,000,000	20,000,000
Preferred Stock, shares authorized (in shares)	50,000,000			50,000,000
Proceeds from issuance of preferred stock	$4,648,000	$0
Proceeds received from sale of Class A Common Stock	59,854,000	123,000
Original Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased (in shares)	1,500,000			1,500,000
Current Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized to be repurchased (in shares)	2,000,000			2,000,000
Common Stock [Member] | Original Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	4,600
Class A Common Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Common stock, shares authorized (in shares)	100,000,000		100,000,000	100,000,000
Overallotment option shares issued (in shares)	375,000
Proceeds from issuance of stock via exercise of overallotment option	7,800,000
Class A common stock issued (in shares)	2,500,000
Price of Class A commons stock issued (in dollars per share)	$20.82			$20.82
Proceeds received from sale of Class A Common Stock	52,100,000
Class A Common Stock [Member] | Original Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	724,578
Series D Senior Cumulative Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, redemption price per share (in dollars per share)	$25			$25
Series F Senior Redeemable Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, redemption price per share (in dollars per share)	$25			$25
Number of directors redeemable preferred stockholders are entitled to elect	2			2
Preferred stock, dividend rate (in hundredths)	7.13%		7.13%
Series G Senior Redeemable Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Preferred stock, redemption price per share (in dollars per share)	$25			$25
Number of directors redeemable preferred stockholders are entitled to elect	2			2
Preferred stock issued (in shares)			2,800,000
Preferred stock, dividend rate (in hundredths)	6.75%		6.75%
Proceeds from issuance of preferred stock			67,800,000
Preferred stock, redemption date	28-Oct-19
Overallotment option shares issued (in shares)	200,000
Proceeds from issuance of stock via exercise of overallotment option	4,800,000
Restricted Stock [Member]
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Unamortized restricted stock compensation	14,900,000			14,900,000
Weighted average period for recognizing unamortized expense				5 years
Total amounts charged to compensation expense	1,907,000	1,993,000
Restricted Stock [Member] | Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	350,000			350,000
Number of shares awarded (in shares)	152,000
Non-vest shares, number of shares [Roll forward]
Non-vested, beginning of period (in shares)	1,380,800
Granted (in shares)	152,000
Vested (in shares)	-250,950
Forfeiture of restricted stock (in shares)	0
Non-vested, end of period (in shares)	1,281,850			1,281,850
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Non-vested, beginning of period (in dollars per share)	$16.21
Granted (in dollars per share)	$18.37
Vested (in dollars per share)	$15.66
Forfeiture of restricted stock (in dollars per share)	$0
Non-vested, end of period (in dollars per share)	$16.58			$16.58
Restricted Stock [Member] | Class A Common Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	350,000			350,000
Number of shares awarded (in shares)	92,750
Non-vest shares, number of shares [Roll forward]
Non-vested, beginning of period (in shares)	399,950
Granted (in shares)	92,750
Vested (in shares)	-87,400
Forfeiture of restricted stock (in shares)	-26,000
Non-vested, end of period (in shares)	379,300			379,300
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Non-vested, beginning of period (in dollars per share)	$18.01
Granted (in dollars per share)	$22.10
Vested (in dollars per share)	$15.88
Forfeiture of restricted stock (in dollars per share)	$19.46
Non-vested, end of period (in dollars per share)	$19.38			$19.38
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)	3,050,000			3,050,000
Restricted Stock Plan [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)	3,750,000			3,750,000
Grant date fair value	$4,800,000

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	6 Months Ended	12 Months Ended
	Apr. 30, 2015	Oct. 31, 2014	Oct. 31, 2013
Redeemable Noncontrolling Interest [Line Items]
Increase in redemption value of noncontrolling interest	($1,525,000)	$887,000
Initial McLean Plaza noncontrolling Interests	-615,000	6,134,000
Estimated fair value of mortgage notes payable and other loans	268,000,000	205,000,000
UB Ironbound, LP ("Ironbound") [Member]
Redeemable Noncontrolling Interest [Line Items]
Increase in redemption value of noncontrolling interest	40,000	30,000
Initial McLean Plaza noncontrolling Interests		6,134,000
Fair Value, Inputs, Level 1 [Member]
Assets [Abstract]
Interest Rate Swap Agreement		0
Liabilities [Abstract]
Redeemable noncontrolling interests		9,802,000
Fair Value, Inputs, Level 2 [Member]
Assets [Abstract]
Interest Rate Swap Agreement		63,000
Liabilities [Abstract]
Redeemable noncontrolling interests		0
Fair Value, Inputs, Level 3 [Member]
Assets [Abstract]
Interest Rate Swap Agreement		0
Liabilities [Abstract]
Redeemable noncontrolling interests		9,062,000
Fair Value, Measurements, Recurring [Member]
Assets [Abstract]
Interest Rate Swap Agreement		63,000
Liabilities [Abstract]
Interest Rate Swap Agreement	1,108,000
Redeemable noncontrolling interests	16,724,000	18,864,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Liabilities [Abstract]
Interest Rate Swap Agreement	0
Redeemable noncontrolling interests	13,836,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Liabilities [Abstract]
Interest Rate Swap Agreement	1,108,000
Redeemable noncontrolling interests	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Liabilities [Abstract]
Interest Rate Swap Agreement	0
Redeemable noncontrolling interests	$2,888,000		$2,897,000

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	6 Months Ended
In Millions, unless otherwise specified	Apr. 30, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
Commitments for capital improvements to properties and tenant related obligations	$4.80

PRO_FORMA_FINANCIAL_INFORMATIO2

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Details) (USD $)	6 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Apr. 30, 2015	Apr. 30, 2014
Business Acquisition [Line Items]
Business Acquisition, Pro Forma Revenue	$59,695	$56,039
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations	15,422	12,362
Pro forma income from continuing operations applicable to Common and Class A Common stockholders:	7,574	5,152
Pro Forma Revenues	4,146
Pro forma income from continuing operations	($695)
Common Stock [Member]
Business Acquisition [Line Items]
Income from continuing operations (in dollars per share)	$0.20	$0.14
Net Income Applicable to Common Stockholders (in dollars per share)	$0.20	$0.48
Income from continuing operations (in dollars per share)	$0.20	$0.14
Net Income Applicable to Common Stockholders (in dollars per share)	$0.20	$0.47
Class A Common Stock [Member]
Business Acquisition [Line Items]
Income from continuing operations (in dollars per share)	$0.23	$0.16
Net Income Applicable to Common Stockholders (in dollars per share)	$0.23	$0.54
Income from continuing operations (in dollars per share)	$0.22	$0.15
Net Income Applicable to Common Stockholders (in dollars per share)	$0.22	$0.53

SUBSEQUENT_EVENTS_Details

SUBSEQUENT EVENTS (Details) (USD $)	0 Months Ended	3 Months Ended		6 Months Ended
	Jun. 03, 2015	Apr. 30, 2015	Apr. 30, 2014	Apr. 30, 2015	Apr. 30, 2014
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$0.23
Class A Common Shares [Member]
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)		$0.26	$0.25	$0.51	$0.51
Subsequent Event [Member] | Class A Common Shares [Member]
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$0.25