Urstadt Biddle Properties (UBA) 10-K 13 Jan 16 2015 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2015	Jan. 05, 2016	Apr. 30, 2015
Entity Information [Line Items]
Entity Registrant Name	URSTADT BIDDLE PROPERTIES INC
Entity Central Index Key	1,029,800
Current Fiscal Year End Date	--10-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 38,993,661
Entity Common Stock, Shares Outstanding		9,502,985
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2015
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Public Float			$ 537,248,936
Entity Common Stock, Shares Outstanding		26,463,816

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2015	Oct. 31, 2014
Real Estate Investments:
Core properties - at cost	$ 941,690	$ 830,304
Less: Accumulated depreciation	(165,660)	(161,187)
Investment property at cost - net	776,030	669,117
Investments in and advances to unconsolidated joint ventures	39,305	39,213
Total real estate investments	815,335	708,330
Cash and cash equivalents	6,623	73,029
Restricted cash	2,191	2,123
Tenant receivables	22,353	20,361
Prepaid expenses and other assets	9,334	9,749
Deferred charges, net of accumulated amortization	5,239	5,413
Total Assets	861,075	819,005
Liabilities:
Revolving credit lines	22,750	15,550
Unsecured term loan	0	25,000
Mortgage notes payable and other loans	260,457	205,147
Preferred stock called for redemption	0	61,250
Accounts payable and accrued expenses	3,438	1,622
Deferred compensation - officers	155	187
Other liabilities	17,542	16,342
Total Liabilities	304,342	325,098
Redeemable Noncontrolling Interests	15,955	18,864
Stockholders' Equity:
Excess Stock, par value $.01 per share; 10,000,000 shares authorized; none issued and outstanding	0	0
Common stock	94	92
Additional paid in capital	431,411	370,979
Cumulative distributions in excess of net income	(94,136)	(95,702)
Accumulated other comprehensive (loss)	(1,230)	63
Total Stockholders' Equity	540,778	475,043
Total Liabilities and Stockholders' Equity	861,075	819,005
Series D Senior Cumulative Preferred Stock [Member]
Stockholders' Equity:
Total Stockholders' Equity	0	0
Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	129,375	129,375
Total Stockholders' Equity	129,375	129,375
Series G Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	75,000	70,000
Total Stockholders' Equity	75,000	70,000
Class A Common Stock [Member]
Stockholders' Equity:
Common stock	264	236
Total Stockholders' Equity	$ 264	$ 236

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 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, 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)	9,350,885	9,193,559
Common Stock, shares outstanding (in shares)	9,350,885	9,193,559
Series D Senior Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock, dividend rate (in hundredths)		7.50%
Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred Stock, dividend rate (in hundredths)	7.125%	7.125%
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
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)	26,370,216	23,611,715
Common Stock, shares outstanding (in shares)	26,370,216	23,611,715
Series G 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

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Revenues
Base rents	$ 83,885	$ 75,099	$ 70,052
Recoveries from tenants	28,703	24,947	22,594
Lease termination income	472	183	214
Other income	2,252	2,099	2,343
Total Revenues	115,312	102,328	95,203
Expenses
Property operating	21,267	18,926	17,471
Property taxes	18,224	16,997	15,524
Depreciation and amortization	22,435	19,249	17,769
General and administrative	8,576	8,016	8,211
Provisions for tenant credit losses	1,271	917	958
Acquisition costs	2,068	666	857
Directors' fees and expenses	330	314	337
Total Operating Expenses	74,171	65,085	61,127
Operating Income	41,141	37,243	34,076
Non-Operating Income (Expense):
Interest expense	(13,475)	(10,235)	(9,094)
Gain on sale of marketable securities	0	0	1,460
Equity in net loss/(income) of unconsolidated joint ventures	1,941	1,604	1,318
Interest, dividends and other investment income	228	134	1,345
Income From Continuing Operations Before Discontinued Operations	29,835	28,746	29,105
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax	0	141	1,308
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	12,526	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	12,667	1,308
Income (Loss) before Gain or Loss on Sale of Properties, and Extraordinary Items	29,835	41,413	30,413
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	20,377	24,345	0
Net Income	50,212	65,758	30,413
Noncontrolling interests:
Net income attributable to noncontrolling interests	(948)	(607)	(618)
Net income attributable to Urstadt Biddle Properties Inc.	49,264	65,151	29,795
Preferred stock dividends	(14,605)	(13,812)	(14,949)
Redemption of preferred stock	0	(1,870)	(4,233)
Net Income Applicable to Common and Class A Common Stockholders	$ 34,659	$ 49,469	$ 10,613
Income (loss) from Continuing Operations, Per Basic Share	$ 0.92	$ 1.09	$ 0.28
Income (loss) from Continuing Operations, Per Diluted Share	0.90	1.06	0.27
Income from Discontinued Operations, Per Basic Share	0	0.37	0.04
Income from Discontinued Operations, Per Diluted Share	0	0.36	0.04
Earnings Per Share, Basic	0.92	1.46	0.32
Diluted Earnings Per Share	$ 0.90	$ 1.42	$ 0.31
Class A Common Stock [Member]
Noncontrolling interests:
Net Income Applicable to Common and Class A Common Stockholders	$ 27,247	$ 38,068	$ 8,204
Income (loss) from Continuing Operations, Per Basic Share	$ 1.04	$ 1.22	$ 0.31
Income (loss) from Continuing Operations, Per Diluted Share	1.02	1.19	0.30
Income from Discontinued Operations, Per Basic Share	0	0.42	0.04
Income from Discontinued Operations, Per Diluted Share	0	0.40	0.04
Earnings Per Share, Basic	1.04	1.64	0.35
Diluted Earnings Per Share	$ 1.02	$ 1.59	$ 0.34

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net Income	$ 50,212	$ 65,758	$ 30,413
Other comprehensive income:
Change in unrealized gain/(losses) in marketable equity securities	0	29	1,403
Change in unrealized loss on interest rate swaps	(1,293)	(18)	136
Unrealized (gains) in marketable securities reclassified into income	0	(10)	(1,460)
Total comprehensive income	48,919	65,759	30,492
Comprehensive income attributable to noncontrolling interests	(948)	(607)	(618)
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.	47,971	65,152	29,874
Preferred stock dividends	(14,605)	(13,812)	(14,949)
Redemption of Preferred Stock	0	(1,870)	(4,233)
Total comprehensive income (loss) applicable to Common and Class A Common Stockholders	$ 33,366	$ 49,470	$ 10,692

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Cash Flows from Operating Activities:
Net Income	$ 50,212	$ 65,758	$ 30,413
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	22,435	19,249	17,769
Straight-line rent adjustment	(1,551)	516	(291)
Provisions for tenant credit losses	1,271	917	958
Restricted stock compensation expense and other adjustments	4,201	4,097	4,069
Deferred compensation arrangement	(31)	11	(18)
Marketable Securities, Gain (Loss)	0	0	(1,460)
Gain Loss On Disposal Group Continuing And Discontinued Operations Net Of Related Impairment Charges	(20,377)	(36,872)	0
Equity in net loss/(income) of unconsolidated joint ventures	(1,941)	(1,604)	(1,318)
Changes in operating assets and liabilities:
Tenant receivables	(2,033)	(1,443)	(193)
Accounts payable and accrued expenses	530	154	(7)
Other assets and other liabilities, net	(1,548)	881	1,582
Restricted Cash	(68)	(749)	(552)
Net Cash Flow Provided by Operating Activities	51,100	50,915	50,952
Cash Flows from Investing Activities:
Acquisitions of real estate investments	(136,304)	(74,805)	(40,381)
Investments in and advances to unconsolidated joint venture	(247)	(6,902)	(18,003)
Repayment of advance to unconsolidated joint venture	0	0	13,170
Deposits on acquisition of real estate investments	(695)	(3,157)	(3,287)
Return of deposits on acquisitions of real estate	627	0	400
Improvements to properties and deferred charges	(12,175)	(19,303)	(9,494)
Net proceeds from sale of properties	43,806	47,609	4,475
Distributions to noncontrolling interests	(1,990)	(607)	(618)
Distributions from unconsolidated joint ventures	1,944	1,901	789
Payments received on mortgage notes and other receivables	0	640	1,858
Proceeds on sale of securities available for sale	0	0	30,782
Payments to Acquire Available-for-sale Securities, Equity	0	0	(29,322)
Net Cash Flow (Used in) Investing Activities	(105,034)	(54,624)	(49,631)
Cash Flows from Financing Activities:
Dividends paid - Common and Class A Common Stock	(35,387)	(32,116)	(31,655)
Dividends paid - Preferred Stock	(14,605)	(13,812)	(14,949)
Principal repayments on mortgage notes payable	(12,909)	(20,297)	(6,623)
Repayments on revolving credit line borrowings	(97,550)	(58,750)	(40,700)
Proceeds from revolving credit line borrowings	104,750	65,050	38,350
Proceeds from Issuance of Unsecured Debt	0	25,000	0
Repayments of Unsecured Debt	(25,000)	0	0
Proceeds from loan financing	68,219	40,675	0
Sales of additional shares of Common and Class A Common Stock	59,983	248	244
Repurchase of shares of Common Stock	(3,363)	0	(18)
Return of escrow deposit	0	0	1,286
Proceeds from Issuance of Preferred Stock and Preference Stock	4,640	67,795	0
Redemption of Preferred Stock including restricted cash	(61,250)	0	(22,403)
Net Cash Flow Provided by (Used in) Financing Activities	(12,472)	73,793	(76,468)
Net Increase/(Decrease) In Cash and Cash Equivalents	(66,406)	70,084	(75,147)
Cash and Cash Equivalents at Beginning of Year	73,029	2,945	78,092
Cash and Cash Equivalents at End of Year	6,623	73,029	2,945
Interest Paid	$ 13,400	$ 10,300	$ 8,500

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Additional Paid In Capital [Member]	Cumulative Distributions in Excess of Net Income [Member]	Cumulative Distributions in Excess of Net Income [Member]Class A Common Stock [Member]	Accumulated Other Comprehensive Income (loss) [Member]	Total	Class A Common Stock [Member]	6.75% Series G Preferred Stock	7.5% Series D Preferred Stock [Member]	7.125% Series F Preferred Stock [Member]	Common Stock [Member]
Balance at Oct. 31, 2012	$ 362,777	$ (90,701)		$ (17)	$ 463,008	$ 235	$ 0	$ 61,250	$ 129,375	$ 89
Balance (in shares) at Oct. 31, 2012						23,460,880	0	2,450,000	5,175,000	8,854,465
Comprehensive Income:
Net income applicable to Common and Class A common stockholders		10,613		0	10,613	$ 8,204				$ 2,409
Change in unrealized gains (losses) in marketable securities				(57)	(57)
Change in unrealized (loss) on interest rate swap				136	136
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.					29,874
Cash dividends paid:
Common stock		(8,128)	$ (23,527)		(8,128)	$ (23,527)
Issuance of shares under dividend reinvestment plan	244				244					$ 0
Issuance of shares under dividend reinvestment plan (in shares)						6,724				5,797
Stock Repurchased During Period, Shares										1,000
Shares issued under restricted stock plan	(1)				0	$ 0				$ 1
Shares issued under restricted stock plan (in shares)						64,100				175,950
Forfeiture of restricted stock (in shares)						(1,000)
Restricted stock compensation and other adjustment	4,068				4,068
Adjustments to redeemable noncontrolling interests		(425)			(425)
Repurchase of Common Stock	(18)				(18)
Repurchase of Common Stock (in shares)										(1,000)
Balance at Oct. 31, 2013	367,070	(112,168)		62	445,914	$ 235	$ 0	$ 61,250	$ 129,375	$ 90
Balance (in shares) at Oct. 31, 2013						23,530,704	0	2,450,000	5,175,000	9,035,212
Comprehensive Income:
Net income applicable to Common and Class A common stockholders		49,469			49,469	$ 38,068				$ 11,401
Change in unrealized gains (losses) in marketable securities				19	19
Change in unrealized (loss) on interest rate swap				(18)	(18)
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.					65,152
Cash dividends paid:
Common stock		(8,271)	(23,845)		(8,271)	$ (23,845)
Issuance of shares under dividend reinvestment plan	248				248
Issuance of shares under dividend reinvestment plan (in shares)						6,811				6,347
Stock Issued During Period Shares New Issues Series G Preferred Stock	(2,304)				67,696		$ 70,000
Stock Issued During Period Value New Issues Series G Preferred Stock (in shares)							2,800,000
Reclassification of Preferred Stock	1,870				(59,380)			$ (61,250)
Stock Repurchased During Period, Shares								(2,450,000)
Shares issued under restricted stock plan	(3)				0	$ 1				$ 2
Shares issued under restricted stock plan (in shares)						80,500				152,000
Forfeiture of restricted stock					0
Forfeiture of restricted stock (in shares)						(6,300)
Restricted stock compensation and other adjustment	4,098				4,098
Adjustments to redeemable noncontrolling interests		(887)			(887)
Repurchase of Common Stock (in shares)								2,450,000
Balance at Oct. 31, 2014	370,979	(95,702)		63	475,043	$ 236	$ 70,000	$ 0	$ 129,375	$ 92
Balance (in shares) at Oct. 31, 2014						23,611,715	2,800,000	0	5,175,000	9,193,559
Comprehensive Income:
Net income applicable to Common and Class A common stockholders		34,659			34,659	$ 27,247				$ 7,412
Change in unrealized (loss) on interest rate swap				(1,293)	(1,293)
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.					47,971
Cash dividends paid:
Common stock		(8,413)	$ (26,974)		(8,413)	(26,974)
Sale of Class A Common Shares	59,731				59,760	$ 29
Sale of Class A Common Shares (in shares)						2,875,000
Issuance of shares under dividend reinvestment plan	223				223
Issuance of shares under dividend reinvestment plan (in shares)						6,104				5,326
Stock Issued During Period Shares New Issues Series G Preferred Stock	(360)				4,640		$ 5,000
Stock Issued During Period Value New Issues Series G Preferred Stock (in shares)							200,000
Stock Repurchased During Period, Shares						188,753
Shares issued under restricted stock plan	(3)				2	$ 1
Shares issued under restricted stock plan (in shares)						92,750				152,000
Forfeiture of restricted stock (in shares)						(26,600)
Restricted stock compensation and other adjustment	4,201				4,201
Adjustments to redeemable noncontrolling interests		2,294			2,294
Repurchase of Common Stock	(3,360)				(3,362)	$ (2)
Repurchase of Common Stock (in shares)						(188,753)
Balance at Oct. 31, 2015	$ 431,411	$ (94,136)		$ (1,230)	$ 540,778	$ 264	$ 75,000	$ 0	$ 129,375	$ 94
Balance (in shares) at Oct. 31, 2015						26,370,216	3,000,000	0	5,175,000	9,350,885

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Class A Common Stock [Member]
Common stock, dividends per share declared (in dollars per share)	$ 1.02	$ 1.01	$ 1
7.5% Series D Preferred Stock [Member]
Preferred stock, dividend rate (in hundredths)		7.50%
Series G Preferred Stock [Member]
Preferred stock, dividend rate (in hundredths)	6.75%	6.75%
7.125% Series F Preferred Stock [Member]
Preferred stock, dividend rate (in hundredths)	7.125%	7.125%	7.125%
Common Stock [Member]
Common stock, dividends per share declared (in dollars per share)	$ 0.9	$ 0.90	$ 0.90

ORGANIZATION, BASIS OF PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 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 October 31, 2015, the Company owned or had equity interests in 74 properties containing a total of 4.9 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 6 for further discussion of the unconsolidated joint ventures. All significant intercompany transactions and balances have been eliminated in consolidation. The accompanying financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of financial statements in conformity with GAAP 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 measurements and the collectability of tenant receivables. Actual results could differ from these estimates. Federal Income Taxes The Company has elected to be treated as a real estate investment trust 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 October 31, 2015. As of October 31, 2015, the fiscal tax years 2012 through and including 2014 remain open to examination by the Internal Revenue Service. There are currently no federal tax examinations in progress. Real Estate Investments All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. Upon the acquisition of real estate properties, 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, Above and below-market leases acquired are recorded at their fair value. The capitalized above-market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases and the capitalized below-market lease values are amortized as an increase to rental revenue over the remaining term of the respective leases. The value of in-place leases is based on the Company's evaluation of the specific characteristics of each tenant's lease. Factors considered include estimates of carrying costs during expected lease-up periods, current market conditions, and costs to execute similar leases. The value of in-place leases are amortized over the remaining term of the respective leases. If a tenant vacates its space prior to its contractual expiration date, any unamortized balance of their related intangible asset is recorded in the consolidated statement of income. Depreciation and Amortization The Company uses the straight-line method for depreciation and amortization. Real estate investment properties are depreciated over the estimated useful lives of the properties, which range from 30 to 40 years. Property improvements are depreciated over the estimated useful lives that range from 10 to 20 years. Furniture and fixtures are depreciated over the estimated useful lives that range from 3 to 10 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life. 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, for $31 million its property located in Springfield, MA, as that property no longer met the Company's investment objectives. In conjunction with the sale the Company realized a gain on sale of property in the amount of $24.3 million, which is included in continuing operations in the consolidated statement of income for the year ended October 31, 2014. The revenue and expenses of this property are included in continuing operations in the consolidated statements of income for the years ended October 31, 2014 and 2013. In August 2015, the Company sold, for $44.5 million its property located in Meriden, CT, as that property no longer met the Company's investment objectives. In conjunction with the sale the Company realized a gain on sale of property in the amount of $20.0 million, which is included in continuing operations in the consolidated statement of income for the year ended October 31, 2015. The revenue and expenses of this property are included in continuing operations in the consolidated statements of income for the years ended October 31, 2015, 2014 and 2013. The net book value of the Meriden asset at October 31, 2014 was insignificant to the financial statement presentation and as a result the Company did not include the asset as held for sale in accordance with ASC 360-10-45. 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): For Year Ended October 31, 2015 2014 2013 Revenues $ 4,566 $ 8,028 $ 7,806 Property operating expense (1,687 ) (3,577 ) (3,387 ) Depreciation and amortization (625 ) (1,564 ) (1,613 ) Net Income $ 2,254 $ 2,887 $ 2,806 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 $12.5 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 fiscal years ended October 31, 2014 and 2013. The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations. The combined operating results for the distribution service facilities have been reclassified as discontinued operations in the accompanying consolidated statements of income. The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands): For The Year Ended October 31, 2015 2014 2013 Revenues $ - $ 141 $ 1,356 Property operating expense - - - Depreciation and amortization - - (48 ) Income from discontinued operations $ - $ 141 $ 1,308 Cash flows from discontinued operations for the fiscal years ended October 31, 2015, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): For The Year Ended October 31, 2015 2014 2013 Cash flows from operating activities $ - $ (13,131 ) $ 1,356 Cash flows from investing activities $ - $ 14,314 $ - Cash flows from financing activities $ - $ - $ - Deferred Charges Deferred charges consist principally of leasing commissions (which are amortized ratably over the life of the tenant leases) and financing fees (which are amortized over the terms of the respective agreements). Deferred charges in the accompanying consolidated balance sheets are shown at cost, net of accumulated amortization of $3,108,000 and $2,703,000 as of October 31, 2015 and 2014, respectively. 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 October 31, 2015. Revenue Recognition Our leases with tenants are classified as operating leases. 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 October 31, 2015 and 2014, approximately $15,570,000 and $14,853,000, respectively, has been recognized as straight-line rents receivable (representing the current net cumulative rents recognized prior to when billed and collectible as provided by the terms of the leases), all of which is included in tenant receivables in the accompanying consolidated financial statements. Percentage rent is recognized when a specific tenant's sales breakpoint is achieved. Property operating expense recoveries from tenants of common area maintenance, real estate taxes and other recoverable costs are recognized in the period the related expenses are incurred. Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms. Lease termination amounts are recognized in operating revenues when there is a signed termination agreement, all of the conditions of the agreement have been met, the tenant is no longer occupying the property and the termination consideration is probable of collection. Lease termination amounts are paid by tenants who want to terminate their lease obligations before the end of the contractual term of the lease by agreement with the Company. There is no way of predicting or forecasting the timing or amounts of future lease termination fees. Interest income is recognized as it is earned. Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses under 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 October 31, 2015 and 2014, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,668,000 and $3,106,000, respectively. Cash Equivalents Cash and cash equivalents consist of cash in banks and short-term investments with original maturities of less than three months. Restricted Cash Restricted cash consists of those tenant security deposits and replacement and other reserves required by agreement with certain of the Company's mortgage lenders for property level capital requirements that are required to be held in separate bank accounts. 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 October 31, 2015, the Company believes it has no significant risk associated with non-performance of the financial institutions that are the counterparty to its derivative contracts. At October 31, 2015, the Company had approximately $24.3 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 a fixed annual rate of 3.93% per annum. As of October 31, 2015 and 2014, the Company had a deferred liability of $1,230,000 and a deferred asset of $63,000, respectively (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 (loss) 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 October 31, 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of approximately $1,230,000. At October 31, 2014, accumulated other comprehensive income consisted of net unrealized gains on an interest rate swap agreement of approximately $63,000. Unrealized gains and losses included in other comprehensive income (loss) will be reclassified into earnings as gains and losses are realized. 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 in excess of insured amounts with high quality financial institutions. 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. There is no dependence upon any single tenant. 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): Year Ended October 31, 2015 2014 2013 Numerator Net income applicable to common stockholders – basic $ 7,412 $ 11,401 $ 2,409 Effect of dilutive securities: Restricted stock awards 431 723 182 Net income applicable to common stockholders – diluted $ 7,843 $ 12,124 $ 2,591 Denominator Denominator for basic EPS-weighted average common shares 8,059 7,801 7,543 Effect of dilutive securities: Restricted stock awards 669 735 840 Denominator for diluted EPS – weighted average common equivalent shares 8,728 8,536 8,383 Numerator Net income applicable to Class A common stockholders – basic $ 27,247 $ 38,068 $ 8,204 Effect of dilutive securities: Restricted stock awards (431 ) (723 ) (182 ) Net income applicable to Class A common stockholders – diluted $ 26,816 $ 37,345 $ 8,022 Denominator Denominator for basic EPS – weighted average Class A common shares 26,141 23,208 23,122 Effect of dilutive securities: Restricted stock awards 191 219 235 Denominator for diluted EPS – weighted average Class A common equivalent shares 26,332 23,427 23,357 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. Segment Reporting The Company's primary business is the ownership, management, and redevelopment of retail properties. The Company reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The Company evaluates financial performance using property operating income, which consists of base rental income and tenant reimbursement income, less rental expenses and real estate taxes. Only one of the Company's properties, located in Stamford, CT ("Ridgeway"), is considered significant as its revenue is in excess of 10% of the Company's consolidated total revenues and accordingly is a reportable segment. The Company has aggregated the remainder of our properties as they share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in the same major metropolitan area, and have similar tenant mixes. Ridgeway is located in Stamford, Connecticut and was developed in the 1950's and redeveloped in the mid 1990's. The property contains approximately 374,000 square feet of GLA. It is the dominant grocery anchored center and the largest non-mall shopping center located in the City of Stamford, Fairfield County, Connecticut. Segment information about Ridgeway as required by ASC Topic 280 is included below: For the year ended October 31, 2015 2014 2013 Ridgeway Revenues 11.7% 13.3% 13.9% All Other Property Revenues 88.3% 86.7% 86.1% Consolidated Revenue 100.0% 100.0% 100.0% For the year ended October 31, 2015 2014 Ridgeway Assets 8.4% 9.4% All Other Property Assets 91.6% 90.6% Consolidated Assets (Note 1) 100.0% 100.0% Note 1- Ridgeway did not have any significant expenditures for additions to long lived assets in any of the fiscal years ended October 31, 2015, 2014 and 2013. For the year ended October 31, 2015 2014 2013 Ridgeway Percent Leased 97% 99% 100% Ridgeway Significant Tenants (by base rent): For the year ended October 31, 2015 2014 2013 The Stop & Shop Supermarket Company 19% 19% 19% Bed, Bath & Beyond 14% 14% 14% Marshall's Inc., a division of the TJX Companies 11% 11% 10% All Other Tenants at Ridgeway (Note 2) 56% 56% 57% Total 100% 100% 100% Note 2 - No other tenant accounts for more than 10% of Ridgeway's annual base rents in any of the three years presented. Percentages are calculated as a ratio of the tenants' base rent divided by total base rent of Ridgeway. Income Statements (In Thousands): For the year ended October 31, 2015 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,485 $ 101,827 $ 115,312 Operating Expenses $ 3,768 $ 35,723 $ 39,491 Interest Expense $ 2,545 $ 10,930 $ 13,475 Depreciation and Amortization $ 2,358 $ 20,077 $ 22,435 Income from Continuing Operations $ 4,814 $ 44,450 $ 49,264 For the year ended October 31, 2014 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,599 $ 88,729 $ 102,328 Operating Expenses $ 3,859 $ 32,064 $ 35,923 Interest Expense $ 2,601 $ 7,634 $ 10,235 Depreciation and Amortization $ 2,374 $ 16,875 $ 19,249 Income from Continuing Operations $ 4,765 $ 47,719 $ 52,484 For the year ended October 31, 2013 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,193 $ 82,010 $ 95,203 Operating Expenses $ 3,368 $ 29,627 $ 32,995 Interest Expense $ 2,654 $ 6,440 $ 9,094 Depreciation and Amortization $ 2,340 $ 15,429 $ 17,769 Income from Continuing Operations $ 4,831 $ 23,656 $ 28,487 Reclassification Certain fiscal 2013 and 2014 amounts have been reclassified to conform to current period 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. In August 2015, FASB issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all public companies until December 15, 2017. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 will have on its 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. ASU 2015-02 is not expected to have a material impact on the Company's 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. The Company has evaluated all other new Accounting Standards Updates issued by FASB and has concluded that these updates do not have a material effect on the Company's consolidated financial statements as of October 31, 2015.

REAL ESTATE INVESTMENTS

REAL ESTATE INVESTMENTS	12 Months Ended
	Oct. 31, 2015
Real Estate Investments:
REAL ESTATE INVESTMENTS	(2) REAL ESTATE INVESTMENTS The Company's investments in real estate, net of depreciation, were composed of the following at October 31, 2015 and 2014 (in thousands): Properties Unconsolidated Joint Venture 2015 Totals 2014 Totals Retail $ 765,649 $ 39,305 $ 804,954 $ 695,061 Office 10,381 - 10,381 13,269 $ 776,030 $ 39,305 $ 815,335 $ 708,330 The Company's investments at October 31, 2015 consisted of equity interests in 74 properties, which are located in various regions throughout 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 primary investment focus is neighborhood and community shopping centers located in the region just described. Since a significant concentration of the Company's properties are in the northeast, market changes in this region could have an effect on the Company's leasing efforts and ultimately its overall results of operations.

CORE PROPERTIES

CORE PROPERTIES	12 Months Ended
	Oct. 31, 2015
CORE PROPERTIES [Abstract]
CORE PROPERTIES	(3) PROPERTIES The components of the properties consolidated in the financial statements are as follows (in thousands): October 31, 2015 2014 Land $ 175,952 $ 153,346 Buildings and improvements 765,738 676,958 941,690 830,304 Accumulated depreciation (165,660 ) (161,187 ) $ 776,030 $ 669,117 Space at the Company's properties is generally leased to various individual tenants under short and intermediate-term leases which are accounted for as operating leases. Minimum rental payments on non-cancelable operating leases in the consolidated core properties totaling $472.8 become due as follows (in millions): 2016 - $80.4; 2017 - $73.2; 2018 - $61.1; 2019 - $52.8; 2020 - $43.3 and thereafter – $162.0. Certain of the Company's leases provide for the payment of additional rent based on a percentage of the tenant's revenues. Such additional percentage rents are included in operating lease income and were less than 1.00% of consolidated revenues in each of the three years ended October 31, 2015. Significant Investment Property Transactions In December 2014 (fiscal 2015), the Company, through four wholly-owned subsidiaries, purchased, for $124.6 million, four retail properties totaling 375,000 square feet In June 2015, the Company, through a wholly-owned subsidiary, purchased, for $4.0 million, a 7,000 square foot retail property located in Fort Lee (Bergen County), New Jersey (the "Fort Lee Property"). The Company funded the acquisition with a combination of available cash and borrowings under its Facility. In conjunction with the purchase, the Company incurred acquisition costs totaling $24,000, which have been expensed in the year ended October 31, 2015 consolidated statement of income. In July 2015, the Company, through a wholly-owned subsidiary purchased, for $10.0 million, a 26,000 square foot grocery anchored shopping center located in Harrison (Westchester County), New York (the "Harrison Property"). The acquisition was funded with a borrowing on the Company's Facility. In conjunction with the purchase, the Company incurred acquisition costs totaling $68,000, which have been expensed in the year ended October 31, 2015 consolidated statement of income. In August 2014, the Company, through a wholly-owned subsidiary, purchased for $47.4 million, two retail properties totaling 88,000 square feet In January 2014, the Company, through a wholly-owned subsidiary, purchased for $9 million a 31,000 square foot In December 2013, the Company, through a wholly-owned subsidiary, purchased for $18.4 million a 63,000 square foot retail shopping center located in Boonton, NJ (the "Boonton Property"). The acquisition required the assumption of an existing mortgage in the amount of $7.8 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the fiscal year ended October 31, 2014. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.20% per annum. The mortgage matures in September 2022. The Company funded the equity needed to complete the purchase with borrowings under its Facility. In conjunction with the purchase, the Company incurred acquisition costs totaling $225,000, which have been expensed in the year ended October 31, 2014 consolidated statement of income. In December 2013, the Company, through a wholly-owned subsidiary, purchased for $11 million a 56,000 square foot retail shopping center located in Bloomfield, NJ (the "Bloomfield Property"). The acquisition required the assumption of an existing mortgage in the amount of $7.7 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the fiscal year ended October 31, 2014. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 5.50% per annum. The mortgage matures in August 2016. The Company funded the equity needed to complete the purchase with borrowings under its Facility. In conjunction with the purchase, the Company incurred acquisition costs totaling $123,000, which have been expensed in the year ended October 31, 2014 consolidated statement of income. In May 2013, the Company, through a wholly owned subsidiary, purchased 2 retail properties located in Greenwich, CT, with a combined GLA totaling 24,000 square feet ("Post Road Properties"), for $18 million. In conjunction with the purchase, the Company assumed an existing first mortgage loan encumbering the properties at its estimated fair value of $8.3 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the year ended October 31, 2013. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.00% per annum. The mortgage matures in August 2016. The Company funded the remaining equity needed to complete the purchase with proceeds from its Class A Common Stock and Series F Preferred Stock offerings completed in October 2012. In conjunction with the purchase, the Company incurred acquisition costs totaling $78,000, which have been expensed in the year ended October 31, 2013 consolidated statement of income. In May 2013, the Company, through a wholly owned subsidiary, purchased a 107,000 square foot retail shopping center located in New Providence, New Jersey ("New Providence") for $34.9 million. In connection with the purchase, the Company assumed a first mortgage loan encumbering the property at its estimated fair value of $21.3 million. The assumption of the mortgage loan represents a non-cash financing activity and is therefore not included in the accompanying consolidated statement of cash flows for the year ended October 31, 2013. The mortgage loan requires monthly payments of principal and interest at the fixed rate of 4.00% per annum. The mortgage matures in January 2022. The Company funded its remaining equity needed to complete the purchase with proceeds from its Class A Common Stock and Series F Preferred Stock offerings completed in October 2012. In conjunction with the purchase, the Company incurred acquisition costs totaling $227,000, which have been expensed in the year ended October 31, 2013 consolidated statement of income. In January and March 2013, the Company purchased 6 free standing net leased properties ("Net Leased Properties") located in the Company's core marketplace with a combined GLA of 20,000 square feet. The gross purchase price of the six properties was $7.8 million. The Company funded its equity with proceeds from its Class A Common Stock and Series F Preferred Stock offerings completed in October 2012. In conjunction with the purchase, the Company incurred acquisition costs totaling $73,000, which have been expensed in the year ended October 31, 2013 consolidated statement of income. In fiscal 2015, the Company completed evaluating the fair value of the in-place leases for its NJ Retail Properties, its Harrison property and its Fort Lee property, all acquired in fiscal 2015. In addition, the Company completed its evaluation of the Greenwich properties and its McLean Plaza property (see note 5), all acquired in fiscal 2014. As a result of its evaluation, the Company has allocated $964,000 to a liability associated with the net fair value assigned to the acquired leases at the McLean Plaza Property, a $166,000 liability associated with the net fair value assigned to the acquired leases at the Greenwich Properties, a $113,000 asset associated with the net fair value assigned to the acquired leases at the NJ Retail Properties, a $69,000 asset associated with the leases at its Fort Lee Property and a $48,000 asset associated with the net fair value assigned to the acquired leases at its Harrison Property, all of which amounts represent a non-cash investing activity and are therefore not included in the accompanying consolidated statement of cash flows for the fiscal year ended October 31, 2015. In fiscal 2014, the Company completed evaluating the fair value of the in-place leases for its Boonton Property, Bethel Property and Bloomfield Property, all of which were acquired in fiscal 2014. As a result of its evaluation, the Company has allocated $901,000 In fiscal 2013, the Company completed evaluating the fair value of the in-place leases for UB Orangeburg, LLC ("Orangeburg"), acquired in fiscal 2012 and New Providence, acquired in fiscal 2013 and has concluded that no value needs to be assigned to those leases. In addition, the Company completed evaluating the fair value of the in-place leases for the properties it acquired in fiscal 2013 and as a result of its evaluation the Company has allocated $234,000 to an asset associated with the net fair value assigned to the acquired leases for the Post Road Properties, a $291,000 asset associated with the net fair value assigned to the acquired leases for the NJ Office Buildings and a $402,000 liability associated with the net fair value assigned to the acquired leases for the Net Leased Properties. All of these amounts represent non-cash investing activities and are therefore not included in the accompanying consolidated statement of cash flows for the fiscal year ended October 31, 2013. For the years ended October 31, 2015, 2014 and 2013, the net amortization of above-market and below-market leases amounted to $415,000, $410,000 and $419,000, respectively, which amounts are included in base rents in the accompanying consolidated statements of income. In fiscal 2015, the Company incurred costs of approximately $12.2 million related to capital improvements to its properties and leasing costs.

MORTGAGE NOTES PAYABLE, BANK LI

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS	12 Months Ended
	Oct. 31, 2015
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS [Abstract]
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS	(4) MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS At October 31, 2015, the Company has mortgage notes payable and other loans that are due in installments over various periods to fiscal 2027. The loans bear interest at rates ranging from 2.8% to 6.6% and are collateralized by real estate investments having a net carrying value of approximately $454.0 million. Combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments Scheduled Amortization Total 2016 $ 14,684 $ 5,809 $ 20,493 2017 49,524 5,505 55,029 2018 - 4,473 4,473 2019 26,880 4,185 31,065 2020 - 3,801 3,801 Thereafter 124,523 21,073 145,596 $ 215,611 $ 44,846 $ 260,457 The Company has an $80 million Unsecured Revolving Credit Facility with a syndicate of 4 banks led by The Bank of New York Mellon, as administrative agent. The syndicate also 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. The maturity date of the Facility is September 21, 2016 with a 1-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 1.50% to 2.00% or The Bank of New York Mellon's prime lending rate plus 0.50% based on consolidated indebtedness, as defined. The Company will pay an annual fee on the unused commitment amount of up to 0.25% to 0.35% based on outstanding borrowings during the year. The Facility contains certain representations and 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 October 31, 2015. In August 2014, the Company borrowed $25.0 million under a newly executed Unsecured Term Loan (the "Term Loan') with The Bank of New York Mellon as the lender. The Term Loan had a term of six months During the fiscal years ended October 31, 2015 and 2014 the Company borrowed $104.8 million and $65.1 million, respectively, on its Facility to fund a portion of the equity for property acquisitions and capital improvements to its properties. During the fiscal years ended October 31, 2015 and 2014 the Company re-paid $97.6 million and $58.8 million, respectively, on its Facility with proceeds from a combination of non-recourse mortgage financings and available cash. In December 2014, through four wholly-owned subsidiaries, the Company placed a $62.7 In July 2015, the Company repaid at maturity its $4.5 million non-recourse first mortgage loan that was secured by its Fairfield Plaza property. The Company funded this repayment with a borrowing on its Facility. During fiscal 2014, the Company, through a wholly-owned subsidiary, assumed an existing non-recourse first mortgage loan encumbering the Boonton Property at its estimated fair value of $7.8 million. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.2% per annum. The mortgage matures in September 2022 . During fiscal 2014, the Company, through a wholly-owned subsidiary, assumed an existing non-recourse first mortgage loan encumbering the Bloomfield Property at its estimated fair value of $7.7 During fiscal 2014, the Company, through a wholly-owned subsidiary, assumed an existing non-recourse first mortgage loan encumbering the McLean Plaza Property at its estimated fair value of $2.8 million. The mortgage matured in December 2014 and was refinanced with a new lender. The new $5 million a During fiscal 2014, the Company, through a wholly-owned subsidiary placed a non-recourse first mortgage loan encumbering the Greenwich Properties in the amount of $24.5 million. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.07% per annum. The mortgage matures in November 2024. Proceeds from the mortgage were used to repay the Facility. During fiscal 2014, the Company refinanced a non-recourse mortgage loan encumbering its Arcadian property in the amount of $16.2 million. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 3.995% per annum. The mortgage matures in August 2024. During fiscal 2013, the Company, through a wholly-owned subsidiary, assumed an existing first mortgage loan encumbering the Post Road Properties at its estimated fair value of $8.3 million. The mortgage loan requires monthly payments of principal and interest at a fixed rate of 4.0% per annum. The mortgage matures in August 2016. During fiscal 2013, the Company, through a wholly-owned subsidiary, assumed a first mortgage loan encumbering the New Providence Property at its estimated fair value of $21.3 million. The mortgage loan requires monthly payments of principal and interest at the fixed rate of 4.0% per annum. The mortgage matures in January 2022. In June of fiscal 2013, the Company repaid, at maturity, its first mortgage payable secured by its Veteran's Plaza property in the amount of $3.2 million. Interest paid in the years ended October 31, 2015, 2014, and 2013 was approximately $13.4 million, $10.3 million and $8.5 million, respectively.

CONSOLIDATED JOINT VENTURES AND

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
	Oct. 31, 2015
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS [Abstract]
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	(5) CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS The Company has an investment in three joint ventures, UB Ironbound, LP ("Ironbound"), Orangeburg and McLean Plaza each of which owns a commercial retail real estate property. The Company has evaluated its investment in these three Ironbound (Ferry Plaza) The Company, through a wholly-owned subsidiary, is the general partner and owns 84% of one consolidated limited partnership, Ironbound, which owns a grocery anchored shopping center. The Ironbound limited partnership has a defined termination date of December 31, 2097. The partners in Ironbound are entitled to receive an annual cash preference payable from available cash of the partnership. Any unpaid preferences accumulate and are paid from future cash, if any. The balance of available cash, if any, is distributed in accordance with the respective partner's interests. The limited partners in Ironbound currently have the right to require the Company to repurchase all or a portion of their remaining limited partner interests at prices as defined in the Ironbound partnership agreement. Upon liquidation of Ironbound, proceeds from the sale of partnership assets are to be distributed in accordance with the respective partnership interests. The limited partners are not obligated to make any additional capital contributions to the partnership. The Company retains an affiliate of one of the limited partners in Ironbound to provide management and leasing services to the property at an annual fee equal to 2.00% percent of rental income collected, as defined. Orangeburg The Company, through a wholly-owned subsidiary, is the managing member and owns an approximate 33.2% interest in Orangeburg, which owns a CVS Pharmacy anchored shopping center in Orangeburg, NY. 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 for each unit of Orangeburg ownership. The annual cash distribution will be paid from available cash, as defined, of Orangeburg. Upon liquidation, proceeds from the sale of Orangeburg assets are to be distributed in accordance with the operating agreement. Orangeburg has a defined termination date of December 31, 2097. Since purchasing this property, the Company has made additional investments in the amount of $4.1 million in Orangeburg and as a result as of October 31, 2015 its ownership percentage has increased to 33.2% from approximately 2.92% at inception. McLean Plaza The Company, through a wholly-owned subsidiary, is the managing member and owns a 53% interest in McLean Plaza Associates, LLC, a limited liability company ("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 Plaza 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 redemption is based solely on the price of the Company's Class A Common stock on the date of redemption. For the years ended October 31, 2015 and 2014, the Company adjusted the carrying value of the non-controlling interests by $2.3 million and $887,000, respectively, with the corresponding adjustment recorded in stockholders' equity. The following table sets forth the details of the Company's redeemable non-controlling interests: (amounts in thousands) October 31, 2015 2014 Beginning Balance $ 18,864 $ 11,843 Initial McLean Plaza Noncontrolling Interest-Net (615 ) 6,134 Change in Redemption Value (2,294 ) 887 Ending Balance $ 15,955 $ 18,864

INVESTMENTS IN AND ADVANCES TO

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	12 Months Ended
	Oct. 31, 2015
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	(6) INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES At October 31, 2015 and 2014, investments in and advances to unconsolidated joint ventures consisted of the following (with the Company's ownership percentage in parentheses) (amounts in thousands): October 31, 2015 2014 Chestnut Ridge and Plaza 59 Shopping Centers (50.0%) $ 18,248 $ 18,380 Gateway Plaza (50%) 7,186 7,069 Midway Shopping Center, L.P. (11.642%) 5,144 5,322 Putnam Plaza Shopping Center (66.67%) 6,686 6,525 Applebee's at Riverhead (50%) 1,318 1,194 81 Pondfield Road Company (20%) 723 723 Total $ 39,305 $ 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 Simultaneously with the acquisition of Gateway, a $14 million non-recourse first mortgage payable was placed on the property with $12.0 million years 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"), which is anchored by a Fresh Market grocery store and the 24,000 square foot Plaza 59 Shopping Center located in Spring Valley, New York ("Plaza 59"), which is anchored by a local food grocer. 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 but does not control the venture 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 $30 million. The loan requires payments of principal and interest at the rate of 4.80% per annum and will mature in 2027. Putnam Plaza Shopping Center The Company, through a wholly owned subsidiary, owns a 66.67% undivided equity interest in the 189,000 square foot Putnam Plaza Shopping Center ("Putnam Plaza"), which is anchored by a Hannaford Bros. grocery store. Putnam Plaza has a first mortgage payable in the amount of $21 million. The mortgage requires monthly payments of principal and interest at a fixed rate of 4.17% and will mature in 2019. 81 Pondfield Road Company The Company's other investment in an unconsolidated joint venture is a 20% economic interest in a partnership which owns a retail and office building in Westchester County, New York. 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	12 Months Ended
	Oct. 31, 2015
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	(7) STOCKHOLDERS' EQUITY Authorized Stock The Company's Charter authorizes up to 200,000,000 shares of various classes 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. Preferred Stock The Series F Preferred Stock is non-voting, has no stated maturity and is redeemable for cash at $25 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. The Series G Senior Preferred Stock is nonvoting, has no stated maturity and is redeemable for cash at $25 In October 2014, we issued notice of our intent to redeem all of the outstanding shares of our 7.5% Series D Senior Cumulative Preferred Stock with a liquidation preference $25 per share. As a result, as of October 31, 2014 the outstanding Series D preferred stock has been reclassified out of stockholders' equity and is reflected as a liability at redemption value and we recognized a loss of $1.87 million on our consolidated statement of income for the fiscal year ended October 31, 2014, which represents the difference between redemption value and carrying value net of original deferred issuance costs. We completed this redemption in November 2014. In fiscal 2012, the Company repurchased its remaining Series C Senior Cumulative Preferred Stock outstanding and as a result included the $892,000 excess of the repurchase price of the preferred shares paid over the carrying amount of the shares as a reduction of income available to Common and Class A Common shareholders in the accompanying consolidated statement of income for the years ended October 31, 2013. On November 21, 2012, the Company redeemed all of its outstanding Series E Senior Cumulative Preferred Stock. As a result, the Company included the $3.3 million excess of the repurchase price of the preferred shares paid over the carrying amount of the Series E preferred stock as a reduction of income available to Common and Class A Common shareholders in the accompanying consolidated statement of income for the fiscal year ended October 31, 2013. Common Stock In November 2014, the Company sold 2,875,000 shares of Class A Common Stock in an underwritten follow-on common stock offering for $20.82 per share and raised net proceeds of $59.7 million. The Class A Common Stock entitles the holder to 1/20 of one vote per share. The Common Stock entitles the holder to one vote per share. Each share of Common Stock and Class A Common Stock have identical rights with respect to dividends except that each share of Class A Common Stock will receive not less than 110% of the regular quarterly dividends paid on each share of Common Stock. The Company has a Dividend Reinvestment and Share Purchase Plan (as amended, the "DRIP"), that permits stockholders to acquire additional shares of Common Stock and Class A Common Stock by automatically reinvesting dividends. During fiscal 2015, the Company issued 5,326 shares of Common Stock and 6,104 shares of Class A Common Stock (6,347 shares of Common Stock and 6,811 shares of Class A Common Stock in fiscal 2014) through the DRIP. As of October 31, 2015, there remained 352,627 shares of Common Stock and 410,169 shares of Class A Common Stock available for issuance under the DRIP. The Company has a stockholder rights agreement that expires on November 11, 2018. The rights are not currently exercisable. When they are exercisable, the holder will be entitled to purchase from the Company one one-hundredth of a share of a newly-established Series A Participating Preferred Stock at a price of $65 per one one-hundredth of a preferred share, subject to certain adjustments. The distribution date for the rights will occur 10 days after a person or group either acquires or obtains the right to acquire 10% ("Acquiring Person") or more of the combined voting power of the Company's Common Shares, or announces an offer, the consummation of which would result in such person or group owning 30% or more of the then outstanding Common Shares. Thereafter, shareholders other than the Acquiring Person will be entitled to purchase original common shares of the Company having a value equal to 2 times the exercise price of the right. If the Company is involved in a merger or other business combination at any time after the rights become exercisable, and the Company is not the surviving corporation or 50% or more of the Company assets are sold or transferred, the rights agreement provides that the holder other than the Acquiring Person will be entitled to purchase a number of shares of common stock of the acquiring company having a value equal to two times the exercise price of each right. The Company's articles of incorporation provide that if any person acquires more than 7.5% of the aggregate value of all outstanding stock, except, among other reasons, as approved by the Board of Directors, such shares in excess of this limit automatically will be exchanged for an equal number of shares of Excess Stock. Excess Stock has limited rights, may not be voted and is not entitled to any dividends. Stock Repurchase The Board of Directors of the Company has approved a share repurchase program ("Program") for the repurchase of up to 2,000,000 shares, in the aggregate, of Common stock, Class A Common stock and Series F Cumulative Preferred stock in open market transactions. Prior to fiscal 2015, the Company had repurchased 4,600 shares of Common Stock and 724,578 shares of Class A Common Stock under the Program. For the year ended October 31, 2015, the Company repurchased an additional 188,753 shares of Class A Common stock at the average price per Class A Common share of $17.79 under the Current Program.

STOCK COMPENSATION AND OTHER BE

STOCK COMPENSATION AND OTHER BENEFIT PLANS	12 Months Ended
	Oct. 31, 2015
STOCK COMPENSATION AND OTHER BENEFIT PLANS [Abstract]
STOCK COMPENSATION AND OTHER BENEFIT PLANS	(8) STOCK COMPENSATION AND OTHER BENEFIT PLANS 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 was received by an employee over the retirement age, waving his right to continued vesting after retirement. For non-vested restricted stock awards granted prior to the adoption of ASC Topic 718 in 2005, the Company continues to recognize compensation expense over the explicit vesting periods and accelerates any remaining unrecognized compensation cost when a participant actually retires. In fiscal 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. As of October 31, 2015, there was $12.7 million of unamortized restricted stock compensation related to non-vested restricted stock grants awarded under the Plan. The remaining unamortized expense is expected to be recognized over a weighted average period of 4.7 years. For the years ended October 31, 2015, 2014 and 2013, amounts charged to compensation expense totaled $4,121,000, $4,088,000 and $4,073,000, respectively. A summary of the status of the Company's non-vested restricted stock awards as of October 31, 2015, and changes during the year ended October 31, 2015 is presented below: Common Shares Class A Common Shares Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Non-vested at October 31, 2014 1,380,800 $ 16.21 399,950 $ 18.01 Granted 152,000 $ 18.37 92,750 $ 22.10 Vested (250,950 ) $ 15.66 (92,250 ) $ 16.08 Forfeited - $ - (26,600 ) $ 19.50 Non-vested at October 31, 2015 1,281,850 $ 16.58 373,850 $ 19.37 Profit Sharing and Savings Plan The Company has a profit sharing and savings plan (the "401K Plan"), which permits eligible employees to defer a portion of their compensation in accordance with the Internal Revenue Code. Under the 401K Plan, the Company made contributions on behalf of eligible employees. The Company made contributions to the 401K Plan of approximately $150,000, $150,000 and $145,000 in each of the three years ended October 31, 2015, 2014 and 2013, respectively. The Company also has an Excess Benefit and Deferred Compensation Plan that allows eligible employees to defer benefits in excess of amounts provided under the Company's 401K Plan and a portion of the employee's current compensation.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Oct. 31, 2015
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	(9) 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 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, 2015 and 2014, that the fair value associated with the "significant unobservable inputs" relating to the Company's risk of non-performance was insignificant to the overall fair value of the interest rate swap agreements and, as a result, the Company has determined that the relevant inputs for purposes of calculating the fair value of the interest rate swap agreements, in their entirety, were based upon "significant other observable inputs". The Company measures its redeemable noncontrolling interests and interest rate swap derivatives at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following inputs at October 31, 2015 and 2014 (amounts in thousands): Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fiscal Year Ended October 31, 2015 Liabilities: Interest Rate Swap Agreement $ 1,230 $ - $ 1,230 $ - Redeemable noncontrolling interests $ 15,955 $ 13,104 $ - $ 2,851 Fiscal Year Ended October 31, 2014 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 $31 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 $2,851 at October 31, 2015 as a result of a $77 decrease in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810 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. 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 revolving credit facility is deemed to be at fair value since the outstanding debt is directly tied to monthly LIBOR contracts. Mortgage notes payable that were assumed in property acquisitions were recorded at their fair value at the time they were assumed. Mortgage notes payable and other loans are estimated to have a fair value of approximately $266 million and $206 million at October 31, 2015 and 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 1). 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	12 Months Ended
	Oct. 31, 2015
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	(10) 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 ultimately may 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 October 31, 2015, the Company had commitments of approximately $11.0 million for tenant-related obligations.

PRO FORMA FINANCIAL INFORMATION

PRO FORMA FINANCIAL INFORMATION (UNAUDITED)	12 Months Ended
	Oct. 31, 2015
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Abstract]
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Text Block]	(11) PRO FORMA FINANCIAL INFORMATION (UNAUDITED) The unaudited pro forma financial information set forth below is based upon the Company's historical consolidated statements of income for the years ended October 31, 2015 and 2014 adjusted to give effect to the property acquisitions, including acquisition costs, completed in fiscal 2015 (see Note 3) and the sale of the Company's Meriden, CT property in August 2015 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). Year Ended October 31, 2015 2014 (Note 1) Pro forma revenues $ 113,102 $ 109,847 Pro forma income from continuing operations $ 31,546 $ 29,407 Pro forma income from continuing operations applicable to Common and Class A Common stockholders: $ 15,993 $ 13,118 Note 1- The fiscal year ended 2014 pro forma income from continuing operations and pro forma income from continuing operations applicable to Common and Class A Common stockholders excludes a $24.3 million gain on sale of the Company's Springfield, MA property, which was sold in 2014 (See Note 1 for more information). 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 year ended October 31, 2015 for the properties acquired in fiscal 2015 as more fully described in note 3 (amounts in thousands). Revenues $ 9,644 Income from continuing operations $ 617

QUARTERLY RESULTS OF OPERATIONS

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Oct. 31, 2015
QUARTERLY RESULTS OF OPERATIONS [Abstract]
QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	(12) QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) The unaudited quarterly results of operations for the years ended October 31, 2015 and 2014 are as follows (in thousands, except per share data): Year Ended October 31, 2015 Year Ended October 31, 2014 Quarter Ended Quarter Ended Jan 31 Apr 30 Jul 31 Oct 31 Jan 31 Apr 30 Jul 31 Oct 31 Revenues $ 28,506 $ 30,050 $ 28,819 $ 27,937 $ 25,195 $ 25,952 $ 24,955 $ 26,226 Income from continuing operations $ 6,164 $ 7,478 $ 8,785 $ 27,785 $ 6,621 $ 6,482 $ 7,494 $ 32,494 Net Income Attributable to Urstadt Biddle Properties Inc. $ 6,011 $ 7,247 $ 8,441 $ 27,565 $ 6,465 $ 6,334 $ 7,343 $ 32,342 Preferred Stock Dividends (3,894 ) (3,570 ) (3,571 ) (3,570 ) (3,453 ) (3,453 ) (3,453 ) (3,453 ) Redemption of Preferred Stock $ - $ - $ - $ - $ - $ - $ - $ (1,870 ) Net Income Applicable to Common and Class A Common Stockholders $ 2,117 $ 3,677 $ 4,870 $ 23,995 $ 3,012 $ 2,881 $ 3,890 $ 27,019 Per Share Data: Net Income from Continuing Operations- Basic: Class A Common Stock $ 0.06 $ 0.11 $ 0.15 $ 0.72 $ 0.10 $ 0.10 $ 0.13 $ 0.90 Common Stock $ 0.06 $ 0.10 $ 0.13 $ 0.64 $ 0.09 $ 0.09 $ 0.11 $ 0.80 Net Income from Continuing Operations- Diluted: Class A Common Stock $ 0.06 $ 0.11 $ 0.14 $ 0.70 $ 0.10 $ 0.09 $ 0.12 $ 0.87 Common Stock $ 0.06 $ 0.10 $ 0.13 $ 0.62 $ 0.09 $ 0.08 $ 0.11 $ 0.77 Amounts may not equal previously reported results due to reclassification between income from continuing operations and income from discontinued operations. Amounts may not equal full year results due to rounding.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Oct. 31, 2015
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	(13) SUBSEQUENT EVENTS On December 17, 2015, the Board of Directors of the Company declared cash dividends of $0.23 for each share of Common Stock and $0.26 for each share of Class A Common Stock. The dividends are payable on January 15, 2016 to stockholders of record on January 5, 2016. The Board of Directors also ratified the actions of the Company's compensation committee authorizing awards of 152,100 shares of Common Stock and 93,600 shares of Class A Common Stock to certain officers, directors and employees of the Company effective January 4, 2016, pursuant to the Company's restricted stock plan. The fair value of the shares awarded totaling $4.5 million will be charged to expense over the respective vesting periods.

SCHEDULE III - REAL ESTATE AND

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Oct. 31, 2015
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	URSTADT BIDDLE PROPERTIES INC. October 31, 2015 (In thousands) COL. A COL. B COL. C COL. D COL. E COL. F COL. G/H COL. I Initial Cost to Company Cost Capitalized Subsequent to Acquisition Amount at which Carried at Close of Period Life on which depreciation for building and improvements in latest Description and Location Encumbrances Land Building & Improvements Land Building & Improvements Land Building & Improvements TOTAL (a) Accumulated Depreciation (Note (b)) Date Constructed/ Acquired income statement is computed (Note (c)) Real Estate Subject to Operating Leases (Note (a)): Office Buildings: Greenwich, CT $ - $ 708 $ 1,641 $ $- $ 318 $ 708 $ 1,959 $ 2,667 $ 680 2001 39.0 Greenwich, CT - 488 1,139 - 348 488 1,487 1,975 532 2000 39.0 Greenwich, CT - 570 2,359 - 692 570 3,051 3,621 1,326 1998 39.0 Greenwich, CT - 199 795 - 443 199 1,238 1,437 540 1993 39.0 Greenwich, CT - 111 444 - 253 111 697 808 360 1994 39.0 Bernardsville, NJ - 720 2,880 (24 ) (47 ) 696 2,833 3,529 220 2012 39.0 Chester, NJ - 570 2,280 (34 ) (137 ) 536 2,143 2,679 159 2012 39.0 - 3,366 11,538 (58 ) 1,870 3,308 13,408 16,716 3,817 Retail Properties: Bronxville, NY - 60 239 95 776 155 1,015 1,170 156 2009 39.0 Yonkers, NY - 30 121 183 734 213 855 1,068 132 2009 39.0 Yonkers, NY - 30 121 85 341 115 462 577 72 2009 39.0 New Milford, CT - 2,114 8,456 71 491 2,185 8,947 11,132 1,680 2008 39.0 New Milford, CT 16 4,492 17,967 166 1,808 4,658 19,775 24,433 2,660 2010 39.0 Newark, NJ 11,173 5,252 21,023 - 1,483 5,252 22,506 27,758 4,342 2008 39.0 Waldwick, NJ - 1,266 5,064 - - 1,266 5,064 6,330 1,028 2007 39.0 Emerson NJ 604 3,633 14,531 - 1,472 3,633 16,003 19,636 3,596 2007 39.0 Monroe, CT - 765 3,060 - 135 765 3,195 3,960 713 2007 39.0 Pelham, NY - 1,694 6,843 - 149 1,694 6,992 8,686 1,667 2006 39.0 Stratford, CT 26,786 10,173 40,794 (94 ) 9,649 10,079 50,443 60,522 14,608 2005 39.0 Yorktown Heights, NY - 5,786 23,221 - 6,000 5,786 29,221 35,007 6,621 2005 39.0 Rye, NY - 909 3,637 - 440 909 4,077 4,986 1,189 2004 39.0 Rye, NY 1,415 483 1,930 - 6 483 1,936 2,419 571 2004 39.0 Rye, NY 638 239 958 - 87 239 1,045 1,284 340 2004 39.0 Rye, NY 1,453 695 2,782 - 18 695 2,800 3,495 821 2004 39.0 Somers, NY - 4,318 17,268 - 160 4,318 17,428 21,746 5,526 2003 39.0 Westport, CT 12 2,076 8,305 - 345 2,076 8,650 10,726 2,841 2003 39.0 White Plains, NY - 8,065 32,258 (1 ) 7,518 8,064 39,776 47,840 13,124 2003 39.0 Orange, CT - 2,320 10,564 - 1,358 2,320 11,922 14,242 4,207 2003 39.0 Stamford, CT 45,556 17,965 71,859 - 7,088 17,968 78,947 96,912 28,213 2002 39.0 Danbury, CT - 2,459 4,566 - 1,586 2,456 6,152 8,611 2,022 2002 39.0 Briarcliff, NY - 2,222 5,185 1,234 8,356 3,456 13,541 16,997 2,151 2001 40.0 Somers, NY - 1,833 7,383 - 950 1,833 8,333 10,166 4,082 1999 31.5 Briarcliff, NY - 380 1,531 - 357 380 1,888 2,268 847 1999 40.0 Briarcliff, NY 15,840 2,300 9,708 2 3,486 2,302 13,194 15,496 5,760 1998 40.0 Ridgefield, CT - 900 3,793 - 1,483 900 5,276 6,176 1,935 1998 40.0 Darien, CT 16,545 4,260 17,192 - 906 4,260 18,098 22,358 7,862 1998 40.0 Eastchester, NY - 1,500 6,128 - 2,849 1,500 8,977 10,477 3,503 1997 31.0 Danbury, CT 30 3,850 15,811 - 4,757 3,850 20,568 24,418 10,980 1995 31.5 Carmel, NY - 1,488 5,973 - 957 1,488 6,930 8,418 3,598 1995 31.5 Somers, NY - 821 2,600 - 571 821 3,171 3,992 1,538 1992 31.5 Wayne, NJ 306 2,492 9,966 - 1,355 2,492 11,321 13,813 6,213 1992 31.0 Newington, NH - 728 1,997 - 1,808 728 3,805 4,533 2,811 1979 40.0 Katonah, NY - 1,704 6,816 - 106 1,704 6,922 8,626 997 2010 39.0 Fairfield, CT - 3,393 13,574 153 612 3,546 14,186 17,732 1,443 2011 39.0 New Milford, CT - 2,168 8,672 - 59 2,168 8,731 10,899 1,026 2011 39.0 Eastchester, NY - 1,800 7,200 78 477 1,878 7,677 9,555 762 2012 39.0 Orangetown, NY 6,555 3,200 12,800 30 4,426 3,230 17,226 20,456 1,298 2012 39.0 Greenwich, CT 3,345 1,600 6,401 27 523 1,627 6,924 8,551 434 2013 39.0 Various - 1,134 4,928 82 321 1,216 5,249 6,465 466 2013 39.0 Greenwich, CT 4,172 1,998 7,994 53 228 2,051 8,222 10,273 509 2013 39.0 New Providence, NJ 20,030 6,970 27,880 463 2,706 7,433 30,586 38,019 2,031 2013 39.0 Bethel, CT - 1,800 7,200 (18 ) (71 ) 1,782 7,129 8,911 336 2014 39.0 Bloomfield, NJ 7,592 2,201 8,804 218 888 2,419 9,692 12,111 535 2014 39.0 Boonton, NJ 7,576 3,670 14,680 15 57 3,685 14,737 18,422 692 2014 39.0 Yonkers, NY 5,000 3,060 12,240 333 1,331 3,393 13,571 16,964 358 2014 39.0 Greenwich, CT 8,185 3,223 12,893 6 66 3,229 12,959 16,188 376 2014 40.0 Greenwich, CT 15,889 6,257 25,029 27 270 6,284 25,299 31,583 745 2014 40.0 Midland Park, NJ 21,512 8,740 34,960 (45 ) 169 8,695 34,791 43,486 821 2015 39.0 Pompton Lakes, NJ 20,320 8,140 32,560 33 181 8,173 32,741 40,914 766 2015 39.0 Wyckoff, NJ 8,540 3,490 13,960 17 75 3,507 14,035 17,542 329 2015 39.0 Kinnelon, NJ 11,367 4,540 18,160 (29 ) 81 4,511 18,241 22,752 426 2015 39.0 Fort Lee, NJ - 798 3,192 (14 ) (55 ) 784 3,137 3,921 34 2015 39.0 Harrison, NY - 2,000 8,000 (10 ) (38 ) 1,990 7,962 9,952 50 2015 39.0 260,457 169,484 670,777 3,160 81,891 172,644 752,330 924,974 161,843 Total $ 260,457 $ 172,850 $ 682,315 $ 3,102 $ 83,761 $ 175,952 $ 765,738 $ 941,690 $ 165,660 URSTADT BIDDLE PROPERTIES INC. October 31, 2015 SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - CONTINUED (In thousands) Year Ended October 31, NOTES: 2015 2014 2013 (a) RECONCILIATION OF REAL ESTATE - OWNED SUBJECT TO OPERATING LEASES Balance at beginning of year $ 830,304 $ 732,159 $ 660,375 Property improvements during the year 12,891 19,239 11,263 Properties acquired during the year 138,720 101,055 67,062 Properties sold during the year (38,364 ) (20,299 ) (4,475 ) Property assets fully depreciated and written off (1,861 ) (1,850 ) (2,066 ) Balance at end of year $ 941,690 $ 830,304 $ 732,159 (b) RECONCILIATION OF ACCUMULATED DEPRECIATION Balance at beginning of year $ 161,187 $ 155,272 $ 140,511 Provision during the year charged to income 22,096 18,721 17,126 Property sold during the year (15,762 ) (10,956 ) (299 ) Property assets fully depreciated and written off (1,861 ) (1,850 ) (2,066 ) Balance at end of year $ 165,660 $ 161,187 $ 155,272 (c) Tenant improvement costs are depreciated over the life of the related leases, which range from 5 to 20 years. (d) The depreciation provision represents the expense calculated on real property only. (e) The aggregate cost for Federal Income Tax purposes for real estate subject to operating leases was approximately $815 million at October 31, 2015.

ORGANIZATION, BASIS OF PRESEN23

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 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 6 for further discussion of the unconsolidated joint ventures. All significant intercompany transactions and balances have been eliminated in consolidation. The accompanying financial statements are prepared on the accrual basis in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The preparation of financial statements in conformity with GAAP 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 measurements and the collectability of tenant receivables. Actual results could differ from these estimates.
Federal Income Taxes	Federal Income Taxes The Company has elected to be treated as a real estate investment trust 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 October 31, 2015. As of October 31, 2015, the fiscal tax years 2012 through and including 2014 remain open to examination by the Internal Revenue Service. There are currently no federal tax examinations in progress.
Real Estate Investments	Real Estate Investments All costs related to the improvement or replacement of real estate properties are capitalized. Additions, renovations and improvements that enhance and/or extend the useful life of a property are also capitalized. Expenditures for ordinary maintenance, repairs and improvements that do not materially prolong the normal useful life of an asset are charged to operations as incurred. Upon the acquisition of real estate properties, 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, Above and below-market leases acquired are recorded at their fair value. The capitalized above-market lease values are amortized as a reduction of rental revenue over the remaining term of the respective leases and the capitalized below-market lease values are amortized as an increase to rental revenue over the remaining term of the respective leases. The value of in-place leases is based on the Company's evaluation of the specific characteristics of each tenant's lease. Factors considered include estimates of carrying costs during expected lease-up periods, current market conditions, and costs to execute similar leases. The value of in-place leases are amortized over the remaining term of the respective leases. If a tenant vacates its space prior to its contractual expiration date, any unamortized balance of their related intangible asset is recorded in the consolidated statement of income.
Depreciation and Amortization	Depreciation and Amortization The Company uses the straight-line method for depreciation and amortization. Real estate investment properties are depreciated over the estimated useful lives of the properties, which range from 30 to 40 years. Property improvements are depreciated over the estimated useful lives that range from 10 to 20 years. Furniture and fixtures are depreciated over the estimated useful lives that range from 3 to 10 years. Tenant improvements are amortized over the shorter of the life of the related leases or their useful life.
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, for $31 million its property located in Springfield, MA, as that property no longer met the Company's investment objectives. In conjunction with the sale the Company realized a gain on sale of property in the amount of $24.3 million, which is included in continuing operations in the consolidated statement of income for the year ended October 31, 2014. The revenue and expenses of this property are included in continuing operations in the consolidated statements of income for the years ended October 31, 2014 and 2013. In August 2015, the Company sold, for $44.5 million its property located in Meriden, CT, as that property no longer met the Company's investment objectives. In conjunction with the sale the Company realized a gain on sale of property in the amount of $20.0 million, which is included in continuing operations in the consolidated statement of income for the year ended October 31, 2015. The revenue and expenses of this property are included in continuing operations in the consolidated statements of income for the years ended October 31, 2015, 2014 and 2013. The net book value of the Meriden asset at October 31, 2014 was insignificant to the financial statement presentation and as a result the Company did not include the asset as held for sale in accordance with ASC 360-10-45. 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): For Year Ended October 31, 2015 2014 2013 Revenues $ 4,566 $ 8,028 $ 7,806 Property operating expense (1,687 ) (3,577 ) (3,387 ) Depreciation and amortization (625 ) (1,564 ) (1,613 ) Net Income $ 2,254 $ 2,887 $ 2,806 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 $12.5 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 fiscal years ended October 31, 2014 and 2013. The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations. The combined operating results for the distribution service facilities have been reclassified as discontinued operations in the accompanying consolidated statements of income. The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands): For The Year Ended October 31, 2015 2014 2013 Revenues $ - $ 141 $ 1,356 Property operating expense - - - Depreciation and amortization - - (48 ) Income from discontinued operations $ - $ 141 $ 1,308 Cash flows from discontinued operations for the fiscal years ended October 31, 2015, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): For The Year Ended October 31, 2015 2014 2013 Cash flows from operating activities $ - $ (13,131 ) $ 1,356 Cash flows from investing activities $ - $ 14,314 $ - Cash flows from financing activities $ - $ - $ -
Deferred Charges	Deferred Charges Deferred charges consist principally of leasing commissions (which are amortized ratably over the life of the tenant leases) and financing fees (which are amortized over the terms of the respective agreements). Deferred charges in the accompanying consolidated balance sheets are shown at cost, net of accumulated amortization of $3,108,000 and $2,703,000 as of October 31, 2015 and 2014, respectively.
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 October 31, 2015.
Revenue Recognition	Revenue Recognition Our leases with tenants are classified as operating leases. 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 October 31, 2015 and 2014, approximately $15,570,000 and $14,853,000, respectively, has been recognized as straight-line rents receivable (representing the current net cumulative rents recognized prior to when billed and collectible as provided by the terms of the leases), all of which is included in tenant receivables in the accompanying consolidated financial statements. Percentage rent is recognized when a specific tenant's sales breakpoint is achieved. Property operating expense recoveries from tenants of common area maintenance, real estate taxes and other recoverable costs are recognized in the period the related expenses are incurred. Lease incentives are amortized as a reduction of rental revenue over the respective tenant lease terms. Lease termination amounts are recognized in operating revenues when there is a signed termination agreement, all of the conditions of the agreement have been met, the tenant is no longer occupying the property and the termination consideration is probable of collection. Lease termination amounts are paid by tenants who want to terminate their lease obligations before the end of the contractual term of the lease by agreement with the Company. There is no way of predicting or forecasting the timing or amounts of future lease termination fees. Interest income is recognized as it is earned. Gains or losses on disposition of properties are recorded when the criteria for recognizing such gains or losses under 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 October 31, 2015 and 2014, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $3,668,000 and $3,106,000, respectively.
Cash Equivalents	Cash Equivalents Cash and cash equivalents consist of cash in banks and short-term investments with original maturities of less than three months.
Restricted Cash	Restricted Cash Restricted cash consists of those tenant security deposits and replacement and other reserves required by agreement with certain of the Company's mortgage lenders for property level capital requirements that are required to be held in separate bank accounts.
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 October 31, 2015, the Company believes it has no significant risk associated with non-performance of the financial institutions that are the counterparty to its derivative contracts. At October 31, 2015, the Company had approximately $24.3 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 a fixed annual rate of 3.93% per annum. As of October 31, 2015 and 2014, the Company had a deferred liability of $1,230,000 and a deferred asset of $63,000, respectively (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 (loss) 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 October 31, 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of approximately $1,230,000. At October 31, 2014, accumulated other comprehensive income consisted of net unrealized gains on an interest rate swap agreement of approximately $63,000. Unrealized gains and losses included in other comprehensive income (loss) will be reclassified into earnings as gains and losses are realized.
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 in excess of insured amounts with high quality financial institutions. 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. There is no dependence upon any single tenant.
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.
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.
Segment Reporting	Segment Reporting The Company's primary business is the ownership, management, and redevelopment of retail properties. The Company reviews operating and financial information for each property on an individual basis and therefore, each property represents an individual operating segment. The Company evaluates financial performance using property operating income, which consists of base rental income and tenant reimbursement income, less rental expenses and real estate taxes. Only one of the Company's properties, located in Stamford, CT ("Ridgeway"), is considered significant as its revenue is in excess of 10% of the Company's consolidated total revenues and accordingly is a reportable segment. The Company has aggregated the remainder of our properties as they share similar long-term economic characteristics and have other similarities including the fact that they are operated using consistent business strategies, are typically located in the same major metropolitan area, and have similar tenant mixes. Ridgeway is located in Stamford, Connecticut and was developed in the 1950's and redeveloped in the mid 1990's. The property contains approximately 374,000 square feet of GLA. It is the dominant grocery anchored center and the largest non-mall shopping center located in the City of Stamford, Fairfield County, Connecticut.
Reclassifications	Reclassification Certain fiscal 2013 and 2014 amounts have been reclassified to conform to current period 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. In August 2015, FASB issued ASU 2015-14, which defers the effective date of ASU 2014-09 for all public companies until December 15, 2017. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 will have on its 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. ASU 2015-02 is not expected to have a material impact on the Company's 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. The Company has evaluated all other new Accounting Standards Updates issued by FASB and has concluded that these updates do not have a material effect on the Company's consolidated financial statements as of October 31, 2015.

CONSOLIDATED JOINT VENTURES A24

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Policies)	12 Months Ended
	Oct. 31, 2015
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS [Abstract]
Non-controlling Interests	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 Plaza 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 redemption is based solely on the price of the Company's Class A Common stock on the date of redemption. For the years ended October 31, 2015 and 2014, the Company adjusted the carrying value of the non-controlling interests by $2.3 million and $887,000, respectively, with the corresponding adjustment recorded in stockholders' equity.

ORGANIZATION, BASIS OF PRESEN25

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2015
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Operating results for discontinued operations	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): For Year Ended October 31, 2015 2014 2013 Revenues $ 4,566 $ 8,028 $ 7,806 Property operating expense (1,687 ) (3,577 ) (3,387 ) Depreciation and amortization (625 ) (1,564 ) (1,613 ) Net Income $ 2,254 $ 2,887 $ 2,806 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): For The Year Ended October 31, 2015 2014 2013 Revenues $ - $ 141 $ 1,356 Property operating expense - - - Depreciation and amortization - - (48 ) Income from discontinued operations $ - $ 141 $ 1,308 Cash flows from discontinued operations for the fiscal years ended October 31, 2015, 2014 and 2013 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): For The Year Ended October 31, 2015 2014 2013 Cash flows from operating activities $ - $ (13,131 ) $ 1,356 Cash flows from investing activities $ - $ 14,314 $ - Cash flows from financing activities $ - $ - $ -
Reconciliation between basic and diluted EPS	The following table sets forth the reconciliation between basic and diluted EPS (in thousands): Year Ended October 31, 2015 2014 2013 Numerator Net income applicable to common stockholders – basic $ 7,412 $ 11,401 $ 2,409 Effect of dilutive securities: Restricted stock awards 431 723 182 Net income applicable to common stockholders – diluted $ 7,843 $ 12,124 $ 2,591 Denominator Denominator for basic EPS-weighted average common shares 8,059 7,801 7,543 Effect of dilutive securities: Restricted stock awards 669 735 840 Denominator for diluted EPS – weighted average common equivalent shares 8,728 8,536 8,383 Numerator Net income applicable to Class A common stockholders – basic $ 27,247 $ 38,068 $ 8,204 Effect of dilutive securities: Restricted stock awards (431 ) (723 ) (182 ) Net income applicable to Class A common stockholders – diluted $ 26,816 $ 37,345 $ 8,022 Denominator Denominator for basic EPS – weighted average Class A common shares 26,141 23,208 23,122 Effect of dilutive securities: Restricted stock awards 191 219 235 Denominator for diluted EPS – weighted average Class A common equivalent shares 26,332 23,427 23,357
Major Customers by Reporting Segments	Segment information about Ridgeway as required by ASC Topic 280 is included below: For the year ended October 31, 2015 2014 2013 Ridgeway Revenues 11.7% 13.3% 13.9% All Other Property Revenues 88.3% 86.7% 86.1% Consolidated Revenue 100.0% 100.0% 100.0% For the year ended October 31, 2015 2014 Ridgeway Assets 8.4% 9.4% All Other Property Assets 91.6% 90.6% Consolidated Assets (Note 1) 100.0% 100.0% Note 1- Ridgeway did not have any significant expenditures for additions to long lived assets in any of the fiscal years ended October 31, 2015, 2014 and 2013. For the year ended October 31, 2015 2014 2013 Ridgeway Percent Leased 97% 99% 100% Ridgeway Significant Tenants (by base rent): For the year ended October 31, 2015 2014 2013 The Stop & Shop Supermarket Company 19% 19% 19% Bed, Bath & Beyond 14% 14% 14% Marshall's Inc., a division of the TJX Companies 11% 11% 10% All Other Tenants at Ridgeway (Note 2) 56% 56% 57% Total 100% 100% 100% Note 2 - No other tenant accounts for more than 10% of Ridgeway's annual base rents in any of the three years presented. Percentages are calculated as a ratio of the tenants' base rent divided by total base rent of Ridgeway.
Schedule of Segment Reporting Information by Segment	Income Statements (In Thousands): For the year ended October 31, 2015 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,485 $ 101,827 $ 115,312 Operating Expenses $ 3,768 $ 35,723 $ 39,491 Interest Expense $ 2,545 $ 10,930 $ 13,475 Depreciation and Amortization $ 2,358 $ 20,077 $ 22,435 Income from Continuing Operations $ 4,814 $ 44,450 $ 49,264 For the year ended October 31, 2014 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,599 $ 88,729 $ 102,328 Operating Expenses $ 3,859 $ 32,064 $ 35,923 Interest Expense $ 2,601 $ 7,634 $ 10,235 Depreciation and Amortization $ 2,374 $ 16,875 $ 19,249 Income from Continuing Operations $ 4,765 $ 47,719 $ 52,484 For the year ended October 31, 2013 Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,193 $ 82,010 $ 95,203 Operating Expenses $ 3,368 $ 29,627 $ 32,995 Interest Expense $ 2,654 $ 6,440 $ 9,094 Depreciation and Amortization $ 2,340 $ 15,429 $ 17,769 Income from Continuing Operations $ 4,831 $ 23,656 $ 28,487

REAL ESTATE INVESTMENTS (Tables

REAL ESTATE INVESTMENTS (Tables)	12 Months Ended
	Oct. 31, 2015
Real Estate Investments:
Investments in real estate, net of depreciation	The Company's investments in real estate, net of depreciation, were composed of the following at October 31, 2015 and 2014 (in thousands): Properties Unconsolidated Joint Venture 2015 Totals 2014 Totals Retail $ 765,649 $ 39,305 $ 804,954 $ 695,061 Office 10,381 - 10,381 13,269 $ 776,030 $ 39,305 $ 815,335 $ 708,330

CORE PROPERTIES (Tables)

CORE PROPERTIES (Tables)	12 Months Ended
	Oct. 31, 2015
CORE PROPERTIES [Abstract]
Components of core properties	The components of the properties consolidated in the financial statements are as follows (in thousands): October 31, 2015 2014 Land $ 175,952 $ 153,346 Buildings and improvements 765,738 676,958 941,690 830,304 Accumulated depreciation (165,660 ) (161,187 ) $ 776,030 $ 669,117

MORTGAGE NOTES PAYABLE, BANK 28

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Tables)	12 Months Ended
	Oct. 31, 2015
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS [Abstract]
Combined aggregate principal maturities of mortgage notes payable	Combined aggregate principal maturities of mortgage notes payable during the next five years and thereafter are as follows (in thousands): Principal Repayments Scheduled Amortization Total 2016 $ 14,684 $ 5,809 $ 20,493 2017 49,524 5,505 55,029 2018 - 4,473 4,473 2019 26,880 4,185 31,065 2020 - 3,801 3,801 Thereafter 124,523 21,073 145,596 $ 215,611 $ 44,846 $ 260,457

CONSOLIDATED JOINT VENTURES A29

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Oct. 31, 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: (amounts in thousands) October 31, 2015 2014 Beginning Balance $ 18,864 $ 11,843 Initial McLean Plaza Noncontrolling Interest-Net (615 ) 6,134 Change in Redemption Value (2,294 ) 887 Ending Balance $ 15,955 $ 18,864

INVESTMENTS IN AND ADVANCES T30

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Tables)	12 Months Ended
	Oct. 31, 2015
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]
Investments in and advances to unconsolidated joint ventures	At October 31, 2015 and 2014, investments in and advances to unconsolidated joint ventures consisted of the following (with the Company's ownership percentage in parentheses) (amounts in thousands): October 31, 2015 2014 Chestnut Ridge and Plaza 59 Shopping Centers (50.0%) $ 18,248 $ 18,380 Gateway Plaza (50%) 7,186 7,069 Midway Shopping Center, L.P. (11.642%) 5,144 5,322 Putnam Plaza Shopping Center (66.67%) 6,686 6,525 Applebee's at Riverhead (50%) 1,318 1,194 81 Pondfield Road Company (20%) 723 723 Total $ 39,305 $ 39,213

STOCK COMPENSATION AND OTHER 31

STOCK COMPENSATION AND OTHER BENEFIT PLANS (Tables)	12 Months Ended
	Oct. 31, 2015
STOCK COMPENSATION AND OTHER BENEFIT PLANS [Abstract]
Non-vested Common and Class A Common shares	A summary of the status of the Company's non-vested restricted stock awards as of October 31, 2015, and changes during the year ended October 31, 2015 is presented below: Common Shares Class A Common Shares Shares Weighted-Average Grant Date Fair Value Shares Weighted-Average Grant Date Fair Value Non-vested at October 31, 2014 1,380,800 $ 16.21 399,950 $ 18.01 Granted 152,000 $ 18.37 92,750 $ 22.10 Vested (250,950 ) $ 15.66 (92,250 ) $ 16.08 Forfeited - $ - (26,600 ) $ 19.50 Non-vested at October 31, 2015 1,281,850 $ 16.58 373,850 $ 19.37

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Oct. 31, 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 at October 31, 2015 and 2014 (amounts in thousands): Total Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fiscal Year Ended October 31, 2015 Liabilities: Interest Rate Swap Agreement $ 1,230 $ - $ 1,230 $ - Redeemable noncontrolling interests $ 15,955 $ 13,104 $ - $ 2,851 Fiscal Year Ended October 31, 2014 Assets: Interest Rate Swap Agreement $ 63 $ - $ 63 $ - Liabilities: Redeemable noncontrolling interests $ 18,864 $ 9,802 $ - $ 9,062

PRO FORMA FINANCIAL INFORMATI33

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Tables)	12 Months Ended
	Oct. 31, 2015
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Abstract]
Business Acquisition Pro Forma Information [Table Text Block]	Year Ended October 31, 2015 2014 (Note 1) Pro forma revenues $ 113,102 $ 109,847 Pro forma income from continuing operations $ 31,546 $ 29,407 Pro forma income from continuing operations applicable to Common and Class A Common stockholders: $ 15,993 $ 13,118 Note 1- The fiscal year ended 2014 pro forma income from continuing operations and pro forma income from continuing operations applicable to Common and Class A Common stockholders excludes a $24.3 million gain on sale of the Company's Springfield, MA property, which was sold in 2014 (See Note 1 for more information).
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 year ended October 31, 2015 for the properties acquired in fiscal 2015 as more fully described in note 3 (amounts in thousands). Revenues $ 9,644 Income from continuing operations $ 617

QUARTERLY RESULTS OF OPERATIO34

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)	12 Months Ended
	Oct. 31, 2015
QUARTERLY RESULTS OF OPERATIONS [Abstract]
Quarterly Financial Information	The unaudited quarterly results of operations for the years ended October 31, 2015 and 2014 are as follows (in thousands, except per share data): Year Ended October 31, 2015 Year Ended October 31, 2014 Quarter Ended Quarter Ended Jan 31 Apr 30 Jul 31 Oct 31 Jan 31 Apr 30 Jul 31 Oct 31 Revenues $ 28,506 $ 30,050 $ 28,819 $ 27,937 $ 25,195 $ 25,952 $ 24,955 $ 26,226 Income from continuing operations $ 6,164 $ 7,478 $ 8,785 $ 27,785 $ 6,621 $ 6,482 $ 7,494 $ 32,494 Net Income Attributable to Urstadt Biddle Properties Inc. $ 6,011 $ 7,247 $ 8,441 $ 27,565 $ 6,465 $ 6,334 $ 7,343 $ 32,342 Preferred Stock Dividends (3,894 ) (3,570 ) (3,571 ) (3,570 ) (3,453 ) (3,453 ) (3,453 ) (3,453 ) Redemption of Preferred Stock $ - $ - $ - $ - $ - $ - $ - $ (1,870 ) Net Income Applicable to Common and Class A Common Stockholders $ 2,117 $ 3,677 $ 4,870 $ 23,995 $ 3,012 $ 2,881 $ 3,890 $ 27,019 Per Share Data: Net Income from Continuing Operations- Basic: Class A Common Stock $ 0.06 $ 0.11 $ 0.15 $ 0.72 $ 0.10 $ 0.10 $ 0.13 $ 0.90 Common Stock $ 0.06 $ 0.10 $ 0.13 $ 0.64 $ 0.09 $ 0.09 $ 0.11 $ 0.80 Net Income from Continuing Operations- Diluted: Class A Common Stock $ 0.06 $ 0.11 $ 0.14 $ 0.70 $ 0.10 $ 0.09 $ 0.12 $ 0.87 Common Stock $ 0.06 $ 0.10 $ 0.13 $ 0.62 $ 0.09 $ 0.08 $ 0.11 $ 0.77 Amounts may not equal previously reported results due to reclassification between income from continuing operations and income from discontinued operations. Amounts may not equal full year results due to rounding.

ORGANIZATION, BASIS OF PRESEN35

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) shares in Thousands, ft² in Millions	3 Months Ended								12 Months Ended
	Oct. 31, 2015USD ($)ft²Property	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 31, 2014USD ($)	Apr. 30, 2014USD ($)	Jan. 31, 2014USD ($)	Oct. 31, 2015USD ($)ft²Propertyshares	Oct. 31, 2014USD ($)Propertyshares	Oct. 31, 2013USD ($)shares
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Number of properties the Company owned or had equity interest in | Property	74								74
Gross leasable area of properties the Company owned or had equity interest in (in square feet) | ft²	4.9								4.9
Revenues from continued operations held for sale									$ 4,566,000	$ 8,028,000	$ 7,806,000
Operating expenses of properties held for sale included in continuing operations									(1,687,000)	(3,577,000)	(3,387,000)
Depreciation and amortization from properties held for sale included in continuing operations									(625,000)	(1,564,000)	(1,613,000)
Net income of held for sale property included in continuing operations									2,254,000	$ 2,887,000	2,806,000
Number of non-core real estate properties sold | Property										2
Number of core properties held for sale | Property										1
Gain Loss On Disposal group included in continuing operations									20,000,000	$ 24,300,000
Sale price of property sold included in continuing operations									44,500,000	31,000,000
Sale price of property sold										18,100,000
Gain on sale of properties									12,500,000	0	0
Revenues									0	141,000	1,356,000
Property operating expense									0	0	0
Depreciation and amortization									0	0	(48,000)
Income from discontinued operations									0	141,000	1,308,000
Cash flows from operating activities									0	(13,131,000)	1,356,000
Cash flows from investing activities									0	14,314,000	0
Cash flows from financing activities									$ 0	0	0
Minimum real estate trust taxable income required to be distributed for REIT to be nontaxable (in hundredths)									90.00%
Deferred Charges [Abstract]
Accumulated amortization of deferred charges	$ 3,108,000				$ 2,703,000				$ 3,108,000	2,703,000
Revenue Recognition [Abstract]
Rents receivable	$ 15,570,000				14,853,000				$ 15,570,000	14,853,000
Allowance of doubtful accounts against tenants receivables, percentage of deferred straight-line rents receivable (in hundredths)	10.00%								10.00%
Tenants receivable, allowance for doubtful accounts	$ 3,668,000				3,106,000				$ 3,668,000	3,106,000
Provision for uncollectible tenants receivable									1,271,000	917,000	958,000
Marketable Securities [Abstract]
Gain on sale of investment securities									12,500,000	0	0
Derivative Financial Instruments [Abstract]
Mortgage loans subject to interst rate swap	$ 24,300,000								$ 24,300,000
Total fixed interest rate (in hundredths)	3.93%								3.93%
Accrued liabilities relating to fair value of Company's interest rate swap	$ 1,230,000				63,000				$ 1,230,000	63,000	0
Comprehensive income [Abstract]
Net unrealized losses on an interest rate swap agreement included in accumulated other comprehensive income	1,230,000				63,000				1,230,000	63,000
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic	$ 23,995,000	$ 4,870,000	$ 3,677,000	$ 2,117,000	$ 27,019,000	$ 3,890,000	$ 2,881,000	$ 3,012,000	34,659,000	49,469,000	10,613,000
Class A Common Stock [Member]
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic									27,247,000	38,068,000	8,204,000
Stock awards									(431,000)	(723,000)	(182,000)
Net income applicable to common stockholders - diluted									$ 26,816,000	$ 37,345,000	$ 8,022,000
Denominator for basic EPS - weighted average common shares (in shares) | shares									26,141	23,208	23,122
Restricted stock awards (in shares) | shares									191	219	235
Denominator for diluted EPS - weighted average common equivalent shares (in shares) | shares									26,332	23,427	23,357
Common Stock [Member]
Earnings Per Share, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic									$ 7,412,000	$ 11,401,000	$ 2,409,000
Stock awards									431,000	723,000	182,000
Net income applicable to common stockholders - diluted									$ 7,843,000	$ 12,124,000	$ 2,591,000
Denominator for basic EPS - weighted average common shares (in shares) | shares									8,059	7,801	7,543
Restricted stock awards (in shares) | shares									669	735	840
Denominator for diluted EPS - weighted average common equivalent shares (in shares) | shares									8,728	8,536	8,383
Minimum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service									2,012
Maximum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service									2,014
Core and Non-core Properties [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									30 years
Core and Non-core Properties [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									40 years
Property Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									10 years
Property Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									20 years
Furniture and Fixtures [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									3 years
Furniture and Fixtures [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									10 years
Tenant Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									shorter of the life of the related leases or their useful life
Tenant Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									5 years
Tenant Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life									20 years

ORGANIZATION, BASIS OF PRESEN36

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Segment Reporting (Details) $ in Thousands		3 Months Ended								12 Months Ended
		Oct. 31, 2015USD ($)ft²	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 31, 2014USD ($)	Apr. 30, 2014USD ($)	Jan. 31, 2014USD ($)	Oct. 31, 2015USD ($)ft²Segment	Oct. 31, 2014USD ($)	Oct. 31, 2013USD ($)
Segment Reporting [Abstract]
Number of reportable segments | Segment										1
Revenue, Major Customer [Line Items]
Gross leasable area of properties the Company owned or had equity interest in (in square feet) | ft²		4,900,000								4,900,000
Segment Reporting Information [Line Items]
Revenues		$ 27,937	$ 28,819	$ 30,050	$ 28,506	$ 26,226	$ 24,955	$ 25,952	$ 25,195	$ 115,312	$ 102,328	$ 95,203
Operating expenses										39,491	35,923	32,995
Interest expense										13,475	10,235	9,094
Depreciation and amortization										22,435	19,249	17,769
Income from continuing operations										$ 49,264	$ 52,484	$ 28,487
Ridgeway [Member]
Revenue, Major Customer [Line Items]
Gross leasable area of properties the Company owned or had equity interest in (in square feet) | ft²		374,000								374,000
Percent leased										97.00%	99.00%	100.00%
Segment Reporting Information [Line Items]
Revenues										$ 13,485	$ 13,599	$ 13,193
Operating expenses										3,768	3,859	3,368
Interest expense										2,545	2,601	2,654
Depreciation and amortization										2,358	2,374	2,340
Income from continuing operations										4,814	4,765	4,831
All Other Property [Member]
Segment Reporting Information [Line Items]
Revenues										101,827	88,729	82,010
Operating expenses										35,723	32,064	29,627
Interest expense										10,930	7,634	6,440
Depreciation and amortization										20,077	16,875	15,429
Income from continuing operations										$ 44,450	$ 47,719	$ 23,656
Sales Revenue, Services, Net [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										100.00%	100.00%	100.00%
Sales Revenue, Services, Net [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										11.70%	13.30%	13.90%
Sales Revenue, Services, Net [Member] | All Other Property [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										88.30%	86.70%	86.10%
Assets, Total [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										100.00%	100.00%
Assets, Total [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										8.40%	9.40%
Assets, Total [Member] | All Other Property [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										91.60%	90.60%
Base Rent [Member] | Customer Concentration Risk [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage	[1]									100.00%	100.00%	100.00%
Base Rent [Member] | Customer Concentration Risk [Member] | The Stop & Shop Supermarket Company [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										19.00%	19.00%	19.00%
Base Rent [Member] | Customer Concentration Risk [Member] | Bed, Bath & Beyond [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										14.00%	14.00%	14.00%
Base Rent [Member] | Customer Concentration Risk [Member] | Marshall's Inc., a division of the TJX Companies [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										11.00%	11.00%	10.00%
Base Rent [Member] | Customer Concentration Risk [Member] | All Other Tenants at Ridgeway [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage	[1]									56.00%	56.00%	57.00%
[1]	No other tenant accounts for more than 10% of Ridgeway's annual base rents in any of the three years presented. Percentages are calculated as a ratio of the tenants base rent divided by total base rent of Ridgeway.

REAL ESTATE INVESTMENTS (Detail

REAL ESTATE INVESTMENTS (Details) $ in Thousands	Oct. 31, 2015USD ($)Property	Oct. 31, 2014USD ($)
Schedule of Investments [Line Items]
Properties owned or have equity interests | Property	74
Real estate investments	$ 815,335	$ 708,330
Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	804,954	695,061
Office [Member]
Schedule of Investments [Line Items]
Real estate investments	10,381	$ 13,269
Core Properties [Member]
Schedule of Investments [Line Items]
Real estate investments	776,030
Core Properties [Member] | Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	765,649
Core Properties [Member] | Office [Member]
Schedule of Investments [Line Items]
Real estate investments	10,381
Unconsolidated Joint Venture [Member]
Schedule of Investments [Line Items]
Real estate investments	39,305
Unconsolidated Joint Venture [Member] | Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	39,305
Unconsolidated Joint Venture [Member] | Office [Member]
Schedule of Investments [Line Items]
Real estate investments	$ 0

CORE PROPERTIES (Details)

CORE PROPERTIES (Details)	12 Months Ended
	Oct. 31, 2015USD ($)ft²PropertyBuilding	Oct. 31, 2014USD ($)ft²Property	Oct. 31, 2013USD ($)ft²
Business Acquisition [Line Items]
Interest percentage in property acquired (in hundredths)		100.00%
Acquisition related costs	$ 2,068,000	$ 666,000	$ 857,000
Number of non-core real estate properties sold | Property		2
Amortization of above-market and below-market leases	415,000	$ 410,000	419,000
Capital improvements to properties and leasing costs	12,200,000
Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	941,690,000	830,304,000
Accumulated depreciation	(165,660,000)	(161,187,000)
Properties, net	776,030,000	$ 669,117,000
Rental payments on non-cancelable operating leases [Abstract]
Minimum rental payments on non-cancelable operating leases in the consolidated core properties	472,800,000
2,016	80,400,000
2,017	73,200,000
2,018	61,100,000
2,019	52,800,000
2,020	43,300,000
Thereafter	$ 162,000,000
Maximum additional rent as a percentage of consolidated revenues (in hundredths)	1.00%	1.00%
Land [Member] | Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	$ 175,952,000	$ 153,346,000
Buildings and Improvements [Member] | Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	765,738,000	$ 676,958,000
NJ Retail Properties [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price	124,600,000
Interest percentage in property acquired (in hundredths)		100.00%
Acquisition related costs	$ 1,867,000
Area of real estate property acquired | ft²	375,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	$ (113,000)
Number of properties acquired | Property	4
Greenwich Properties [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price		$ 47,400,000
Acquisition related costs		$ 127,000
Area of real estate property acquired | ft²		88,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option		$ 166,000
Number of properties acquired | Property		2
Bethel Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price		$ 9,000,000
Acquisition related costs		$ 88,000
Area of real estate property acquired | ft²		31,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option		$ (92,000)
Boonton Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price		$ 18,400,000
Interest percentage in property acquired (in hundredths)		100.00%
Acquisition related costs		$ 225,000
Area of real estate property acquired | ft²		63,000
First mortgage secured by property		$ 7,800,000
Interest rate on mortgage secured by property (in hundredths)		4.20%
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option		$ 71,000
Debt Instrument, Maturity Date		Sep. 30, 2022
Bloomfield Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price		$ 11,000,000
Acquisition related costs		$ 123,000
Area of real estate property acquired | ft²		56,000
Existing mortgage on property acquired		$ 7,700,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option		$ 901,000
Debt Instrument, Maturity Date		Aug. 31, 2016
Adjusted fixed rate (in hundredths)		5.50%
Post Road Properties [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price			$ 18,000,000
Interest percentage in property acquired (in hundredths)			100.00%
Acquisition related costs	$ 78,000
Area of real estate property acquired | ft²			24,000
First mortgage secured by property			$ 8,300,000
Interest rate on mortgage secured by property (in hundredths)	4.00%
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	$ (234,000)
Debt Instrument, Maturity Date	Aug. 31, 2016
Number of properties acquired | Property	2
New Providence Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price			$ 34,900,000
Interest percentage in property acquired (in hundredths)			100.00%
Acquisition related costs			$ 227,000
Area of real estate property acquired | ft²			107,000
First mortgage secured by property			$ 21,300,000
Interest rate on mortgage secured by property (in hundredths)			4.00%
Debt Instrument, Maturity Date			Jan. 31, 2022
Net Leased Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price			$ 7,800,000
Interest percentage in property acquired (in hundredths)			100.00%
Acquisition related costs	$ 73,000
Area of real estate property acquired | ft²			20,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	$ 402,000
Number of properties acquired | Property	6
NJ Office Buildings [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price			$ 6,500,000
Interest percentage in property acquired (in hundredths)			100.00%
Acquisition related costs			$ 103,000
Number of buildings acquired | Building	2
Area of real estate property acquired | ft²			23,500
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option			$ (291,000)
HMART Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price	$ 4,000,000
Acquisition related costs	$ 24,000
Area of real estate property acquired | ft²	7,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	$ (69,000)
McLean Plaza [Member]
Business Acquisition [Line Items]
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	964,000
Harrison Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price	10,000,000
Acquisition related costs	$ 68,000
Area of real estate property acquired | ft²	26,000
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option	$ (48,000)

MORTGAGE NOTES PAYABLE, BANK 39

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Details)	12 Months Ended
	Oct. 31, 2015USD ($)Bank	Oct. 31, 2014USD ($)	Oct. 31, 2013USD ($)
Debt Instrument [Line Items]
Minimum effective interest rate (in hundredths)	2.80%
Maximum effective interest rate (in hundredths)	6.60%
Real estate investments held as collateral	$ 454,000,000
Principal Repayments [Abstract]
2,014	14,684,000
2,015	49,524,000
2,016	0
2,017	26,880,000
2,018	0
Thereafter	124,523,000
Total principal repayments	215,611,000
Scheduled Amortization [Abstract]
2,014	5,809,000
2,015	5,505,000
2,016	4,473,000
2,017	4,185,000
2,018	3,801,000
Thereafter	21,073,000
Total scheduled amortization	44,846,000
Total [Abstract]
2,014	20,493,000
2,015	55,029,000
2,016	4,473,000
2,017	31,065,000
2,018	3,801,000
Thereafter	145,596,000
Total principal and scheduled amortization of debt	260,457,000	$ 205,147,000
Interest paid	13,400,000	$ 10,300,000	$ 8,500,000
Real estate pledged as collateral at fair value	$ 454,000,000
Boonton [Member]
Total [Abstract]
Stated interest rate (in hundredths)		4.20%
First Mortgage [Member] | Greenwich Properties [Member]
Total [Abstract]
Maturity date		Nov. 30, 2024
Stated interest rate (in hundredths)		4.07%
First mortgage secured by property		$ 24,500,000
First Mortgage [Member] | New Providence Property [Member]
Total [Abstract]
Maturity date			Jan. 31, 2022
Stated interest rate (in hundredths)			4.00%
First mortgage secured by property			$ 21,300,000
First Mortgage [Member] | Veteran's Plaza Property [Member]
Total [Abstract]
Debt repaid at maturitiy			$ 3,200,000
First Mortgage [Member] | Post Road Properties [Member]
Total [Abstract]
Maturity date			Aug. 31, 2016
Stated interest rate (in hundredths)			4.00%
First mortgage secured by property			$ 8,300,000
First Mortgage [Member] | Retail Properties [Member]
Total [Abstract]
Maturity date	Jan. 31, 2027
Stated interest rate (in hundredths)	3.85%
First mortgage secured by property	$ 62,700,000
Monthly Mortgage Payment	294,000
First Mortgage [Member] | Boonton [Member]
Total [Abstract]
Maturity date		Sep. 30, 2022
Debt assumed on acquisition		$ 7,800,000
First Mortgage [Member] | Bloomfield [Member]
Total [Abstract]
Maturity date		Aug. 31, 2016
Debt assumed on acquisition		$ 7,700,000
Stated interest rate (in hundredths)		5.50%
First Mortgage [Member] | McLean Plaza Associates [Member]
Total [Abstract]
Maturity date		Dec. 31, 2014
Debt assumed on acquisition		$ 2,800,000
First Mortgage [Member] | Fairfield Plaza Member [Member]
Total [Abstract]
Debt repaid at maturitiy	$ 4,500,000
Unsecured Term Loan [Member]
Total [Abstract]
Loan Term	6 months
Refinanced First Mortgage [Member] | Arcadian [Member]
Total [Abstract]
Maturity date		Aug. 31, 2024
Stated interest rate (in hundredths)		3.995%
First mortgage secured by property		$ 16,200,000
Refinanced First Mortgage [Member] | McLean Plaza Associates [Member]
Total [Abstract]
Maturity date		Nov. 30, 2024
Stated interest rate (in hundredths)	3.70%
First mortgage secured by property	$ 5,000,000
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity	80,000,000
Option, maximum borrowing capacity	$ 125,000,000
Maturity date	Sep. 21, 2016
Number of syndicated banks | Bank	4
Optional extension period of credit facility	1 year
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 October 31, 2015.
Minimum commitment fee (in hundredths)	0.25%
Maximum commitment fee (in hundredths)	0.35%
Extension period	1
Borrowing on unsecured revolving credit facility used to finance investment	$ 104,800,000
Repayments of borrowings on facility	$ 97,600,000
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar Rate Basis [Member]
Line of Credit Facility [Line Items]
Minimum basis spread on variable interest rate (in hundredths)	1.50%
Maximum basis spread on variable interest rate (in hundredths)	2.00%
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member] | Prime Rate Basis [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
The Bank of New York Mellon [Member] | Unsecured Term Loan [Member]
Line of Credit Facility [Line Items]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages		$ 25,000,000
Minimum basis spread on variable interest rate (in hundredths)		1.40%
Maximum basis spread on variable interest rate (in hundredths)		1.90%
Extension period	6 months
BNY and Wells Fargo Member [Member] | Unsecured Revolving Credit Agreement [Member]
Line of Credit Facility [Line Items]
Borrowing on unsecured revolving credit facility used to finance investment		$ 65,100,000
Repayments of borrowings on facility		$ 58,800,000

CONSOLIDATED JOINT VENTURES A40

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Details)	12 Months Ended
	Oct. 31, 2015USD ($)Property	Oct. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of real estate joint venture investments | Property	3
Redeemable non-controlling interests [Abstract]
Increase (decrease) in carrying value of noncontrolling interest	$ 2,300,000	$ 887,000
Beginning Balance	18,864,000	11,843,000
Initial McLean Plaza noncontrolling interest	(615,000)	6,134,000
Adjustments to redeemable noncontrolling interests	(2,294,000)	887,000
Ending Balance	$ 15,955,000	$ 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)	33.20%	2.92%
Additional investment in consolidated joint venture	$ 4,100,000
McLean Plaza Associates [Member]
Business Acquisition [Line Items]
Ownership interest (in hundredths)	53.00%
Fixed annual distribution	5.05%

INVESTMENTS IN AND ADVANCES T41

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Details)	12 Months Ended
	Oct. 31, 2015USD ($)ft²	Oct. 31, 2014USD ($)Property	Oct. 31, 2013USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 39,305,000	$ 39,213,000
Non-recourse first mortgage payable	260,457,000	$ 205,147,000
Number of non-core real estate properties sold | Property		2
Gain on sale of properties	12,500,000	$ 0	$ 0
Sales price of properties held for sale		$ 18,100,000
Number of core properties held for sale | Property		1
Chestnut Ridge and Plaza 59 Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	18,248,000	$ 18,380,000
Midway Shopping Center, L.P. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 5,144,000	5,322,000
Ownership interest (in hundredths)	11.642%
Area of property (in square feet) | ft²	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	39 years
Midway Shopping Center, L.P. [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Stated interest rate (in hundredths)	4.80%
Non-recourse first mortgage payable	$ 30,000,000
Maturity date of debt	Dec. 31, 2027
Putnam Plaza Shopping Center [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 6,686,000	6,525,000
Area of property (in square feet) | ft²	189,000
Percentage of voting interests acquired (in hundredths)	66.67%
Putnam Plaza Shopping Center [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Stated interest rate (in hundredths)	4.17%
First mortgage secured by property, estimated fair value	$ 21,000,000
Maturity date of debt	Dec. 31, 2019
81 Pondfield Road Company [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 723,000	723,000
Percentage of voting interests acquired (in hundredths)	20.00%
Chestnut Ridge [Member]
Schedule of Equity Method Investments [Line Items]
Area of property (in square feet) | ft²	76,000
Percentage of voting interests acquired (in hundredths)	50.00%
Plaza 59 Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Area of property (in square feet) | ft²	24,000
Percentage of voting interests acquired (in hundredths)	50.00%
Gateway Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 7,186,000	7,069,000
Area of property (in square feet) | ft²	194,000
Stated interest rate (in hundredths)	4.20%
Percentage of voting interests acquired (in hundredths)	50.00%
Area size in square feet of major tenant | ft²	168,000
Area size in square feet of non-anchor space of property | ft²	27,000
Non-recourse first mortgage payable	$ 14,000,000
Term of first mortgage	10 years
Mortgage proceeds paid to seller at acquisition	$ 12,000,000
Applebee's at Riverhead [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 1,318,000	$ 1,194,000
Area of property (in square feet) | ft²	5,400
Percentage of voting interests acquired (in hundredths)	50.00%
Future development rights of shopping center measured in square feet | ft²	7,200

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details)	3 Months Ended	12 Months Ended
	Jan. 31, 2015	Oct. 31, 2015USD ($)Director$ / sharesshares	Oct. 31, 2014USD ($)$ / sharesshares	Oct. 31, 2013USD ($)shares	Oct. 31, 2012$ / sharesshares
Class of Stock [Line Items]
Total 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
Repayments of Lines of Credit | $		$ 97,550,000	$ 58,750,000	$ 40,700,000
Proceeds from issuance of common stock | $		$ 59,983,000	$ 248,000	244,000
Common stock to Class A common stock dividend rate (in hundredths)		110.00%	110.00%
Excess stock issuance threshold ownership percentage (in hundredths)		7.50%	7.50%
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 4,640,000	$ 67,795,000	$ 0
Common Shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		30,000,000	30,000,000
Voting rights per share (in hundredths)		100.00%		100.00%
Shares issued under the dividend reinvestment plan (in shares)		5,326	6,347
Common Stock available for issuance (in shares)		352,627
Class A Common Stock [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Shares issued (in shares)		2,875,000
Share Price | $ / shares		$ 20.82
Proceeds from issuance of common stock | $		$ 59,700,000
Voting rights per share (in hundredths)		5.00%	5.00%
Shares issued under the dividend reinvestment plan (in shares)		6,104	6,811	6,724
Common Stock available for issuance (in shares)		410,169
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)		50,000,000	50,000,000
Series D Senior Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Dividend Rate, Percentage			7.50%
Payments of Stock Issuance Costs | $			$ 1,870,000
Series F Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Redemption price (in dollars per share) | $ / shares		$ 25	$ 25
Shares issued (in shares)					5,175,000
Preferred Stock, Dividend Rate, Percentage	7.125%	7.125%	7.125%	7.125%
Dividend rate (in dollars per share) | $ / shares					$ 1.78125
Number of directors redeemable preferred stockholders are entitled to elect | Director		2
Class A Common shares or Common shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			100,000,000
Series A Participating Preferred Stock [Member]
Class of Stock [Line Items]
Preferred shares purchaseable per right (in shares)		0.01
Exercise price per right (in dollars per right) | $ / shares		$ 65
Distribution holding period			10 days
Minimum percentage of combined voting power of Common Shares to trigger rights distribution (in hundredths)		10.00%
Minimum percentage of ownership offer to trigger rights distribution		30.00%
Value of common shares as a multiple of the exercise price of the right		200.00%
Minimum percentage of assets sold or transferred to trigger stock purchase rights		50.00%
Series G Preferred Stock [Member]
Class of Stock [Line Items]
Redemption price (in dollars per share) | $ / shares		$ 25
Share Price | $ / shares		$ 25
Preferred Stock, Dividend Rate, Percentage	6.75%	6.75%	6.75%
Number of directors redeemable preferred stockholders are entitled to elect | Director		2
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 67,800,000
8.5% Series C Senior Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Payments of Stock Issuance Costs | $				$ 892,000
Series E Senior Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Payments of Stock Issuance Costs | $				$ 3,300,000

STOCKHOLDERS' EQUITY, Share Rep

STOCKHOLDERS' EQUITY, Share Repurchase Program (Details) - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
Common Shares [Member] | Current Share Repurchase 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]
Stock Repurchased During Period, Shares	188,753
Class A Common Stock [Member] | Current Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased (in shares)	724,578
Stock repurchase price per share	$ 17.79
Stock Repurchased During Period, Shares	188,753
Series D Senior Cumulative Preferred Stock [Member]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchased During Period, Shares		(2,450,000)
Class A Common shares or Common shares [Member] | Current Share Repurchase Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized for repurchase (in shares)	2,000,000

STOCK COMPENSATION AND OTHER 44

STOCK COMPENSATION AND OTHER BENEFIT PLANS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Savings Plan [Abstract]
Company contributions to 401K Plan	$ 150,000	$ 150,000	$ 145,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grant date fair value of restricted stock grants awarded to participants	4,800,000
Unamortized restricted stock compensation	$ 12,700,000
Weighted average period for recognizing unamortized expense	4 years 8 months 12 days
Compensation expense	$ 4,121,000	$ 4,088,000	$ 4,073,000
Restricted Stock [Member] | Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	350,000
Non-vested 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)
Forfeited (in shares)	0
Non-vested, end of period (in shares)	1,281,850	1,380,800
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
Forfeited (in dollars per share)	0
Non-vested, end of period (in dollars per share)	$ 16.58	$ 16.21
Restricted Stock [Member] | Class A Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized (in shares)	350,000
Non-vested shares, number of shares [Roll forward]
Non-vested, beginning of period (in shares)	399,950
Granted (in shares)	92,750
Vested (in shares)	(92,250)
Forfeited (in shares)	(26,600)
Non-vested, end of period (in shares)	373,850	399,950
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)	16.08
Forfeited (in dollars per share)	19.50
Non-vested, end of period (in dollars per share)	$ 19.37	$ 18.01
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
Restricted Stock Plan [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

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2012
Redeemable Noncontrolling Interest [Line Items]
Increase in redemption value of noncontrolling interest	$ 2,294,000	$ (887,000)	$ (425,000)
Mortgage notes payable	266,000,000	206,000,000
Fair Value, Measurements, Recurring [Member]
Assets:
Interest Rate Swap Agreement	1,230,000	63,000
Liabilities:
Redeemable noncontrolling interests	15,955,000	18,864,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Assets:
Interest Rate Swap Agreement	0	0
Liabilities:
Redeemable noncontrolling interests	13,104,000	9,802,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Assets:
Interest Rate Swap Agreement	1,230,000	63,000
Liabilities:
Redeemable noncontrolling interests	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Assets:
Interest Rate Swap Agreement	0	0
Liabilities:
Redeemable noncontrolling interests	2,851,000	9,062,000		$ 2,897,000
UB Ironbound, LP ("Ironbound") [Member]
Redeemable Noncontrolling Interest [Line Items]
Increase in redemption value of noncontrolling interest	77	$ 31
McLean Plaza Associates [Member]
Redeemable Noncontrolling Interest [Line Items]
Initial Value of non-controlling interest for new investment	$ 6,134,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	12 Months Ended
	Oct. 31, 2015USD ($)
COMMITMENTS AND CONTINGENCIES [Abstract]
Commitments for tenant related obligations	$ 11

PRO FORMA FINANCIAL INFORMATI47

PRO FORMA FINANCIAL INFORMATION (UNAUDITED) (Details) - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2015	Oct. 31, 2014
PRO FORMA FINANCIAL INFORMATION (UNAUDITED) [Abstract]
Business Acquisition, Pro Forma Revenue	$ 9,644
Business Acquisition, Pro Forma Income (Loss) from Continuing Operations	617
Pro Forma Revenues	113,102	$ 109,847
Pro forma income from continuing operations	31,546	29,407
Pro forma earnings applicable to Common and Class A Common stockholders	$ 15,993	$ 13,118

QUARTERLY RESULTS OF OPERATIO48

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2014	Jul. 31, 2014	Apr. 30, 2014	Jan. 31, 2014	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Class of Stock [Line Items]
Revenues	$ 27,937	$ 28,819	$ 30,050	$ 28,506	$ 26,226	$ 24,955	$ 25,952	$ 25,195	$ 115,312	$ 102,328	$ 95,203
Income from Continuing Operations	27,785	8,785	7,478	6,164	32,494	7,494	6,482	6,621	29,835	28,746	29,105
Net income attributable to Urstadt Biddle Properties Inc.	27,565	8,441	7,247	6,011	32,342	7,343	6,334	6,465	49,264	65,151	29,795
Preferred Stock Dividends	(3,570)	(3,571)	(3,570)	(3,894)	(3,453)	(3,453)	(3,453)	(3,453)	14,605	13,812	14,949
Redemption of preferred stock	0	0	0	0	(1,870)	0	0	0
Net Income Applicable to Common and Class A Common Stockholders	$ 23,995	$ 4,870	$ 3,677	$ 2,117	$ 27,019	$ 3,890	$ 2,881	$ 3,012	$ 34,659	$ 49,469	$ 10,613
Per Share Data [Abstract]
Common (in dollars per share)	$ 0.64	$ 0.13	$ 0.10	$ 0.06	$ 0.80	$ 0.11	$ 0.09	$ 0.09	$ 0.92	$ 1.46	$ 0.32
Diluted Earnings Per Share [Abstract]
Common (in dollars per share)	0.62	0.13	0.10	0.06	0.77	0.11	0.08	0.09	$ 0.90	$ 1.42	$ 0.31
Class A Common Stock [Member]
Class of Stock [Line Items]
Net Income Applicable to Common and Class A Common Stockholders									$ 27,247	$ 38,068	$ 8,204
Per Share Data [Abstract]
Common (in dollars per share)	0.72	0.15	0.11	0.06	0.90	0.13	0.10	0.10	$ 1.04	$ 1.64	$ 0.35
Diluted Earnings Per Share [Abstract]
Common (in dollars per share)	$ 0.70	$ 0.14	$ 0.11	$ 0.06	$ 0.87	$ 0.12	$ 0.09	$ 0.10	$ 1.02	$ 1.59	$ 0.34

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member]	Dec. 17, 2015USD ($)shares
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.23
Dividends Payable, Date to be Paid	Jan. 15, 2016
Dividends Payable, Date of Record	Jan. 5, 2016
Stock Granted, Value, Share-based Compensation, Net of Forfeitures	$ 4,500,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	152,100
Class A Common Shares [Member]
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.26
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	93,600

SCHEDULE III - REAL ESTATE AN50

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2015
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					$ 260,457
Initial Cost to Company [Abstract]
Land					172,850
Building & Improvements					682,315
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					3,102
Building & Improvements					83,761
Amount at which Carried at Close of Period [Abstract]
Land					175,952
Building & Improvements					765,738
TOTAL		$ 941,690	$ 830,304	$ 660,375	941,690
Accumulated Depreciation		165,660	161,187	140,511	165,660
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at beginning of the year		830,304	732,159	660,375
Property improvements during the year		12,891	19,239	11,263
Properties acquired during the year		138,720	101,055	67,062
Properties sold during the year		(38,364)	(20,299)	(4,475)
Property assets fully depreciated and written off		(1,861)	(1,850)	(2,066)
Balance at end of year		941,690	830,304	732,159
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at beginning of year		161,187	155,272	140,511
Provision during the year charged to income		22,096	18,721	17,126
Property sold during the year		(15,762)	(10,956)	(299)
Property assets fully depreciated and written off		(1,861)	(1,850)	(2,066)
Balance at end of year		165,660	$ 161,187	$ 155,272
Property, Plant and Equipment [Line Items]
Aggregate cost for federal income tax purposes for real estate subject to operating leases					815,000
Midland Park, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					21,512
Initial Cost to Company [Abstract]
Land					8,740
Building & Improvements					34,960
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(45)
Building & Improvements					169
Amount at which Carried at Close of Period [Abstract]
Land					8,695
Building & Improvements					34,791
TOTAL		43,486			43,486
Accumulated Depreciation		$ 821			821
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 43,486
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		821
Harrison, NY [Member} [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,000
Building & Improvements					8,000
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(10)
Building & Improvements					(38)
Amount at which Carried at Close of Period [Abstract]
Land					1,990
Building & Improvements					7,962
TOTAL		9,952			9,952
Accumulated Depreciation		$ 50			50
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 9,952
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		50
Fort Lee, NJ [Member} [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					798
Building & Improvements					3,192
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(14)
Building & Improvements					(55)
Amount at which Carried at Close of Period [Abstract]
Land					784
Building & Improvements					3,137
TOTAL		3,921			3,921
Accumulated Depreciation		$ 34			34
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,921
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		34
Wyckoff, NJ [Member} [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					8,540
Initial Cost to Company [Abstract]
Land					3,490
Building & Improvements					13,960
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					17
Building & Improvements					75
Amount at which Carried at Close of Period [Abstract]
Land					3,507
Building & Improvements					14,035
TOTAL		17,542			17,542
Accumulated Depreciation		$ 329			329
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 17,542
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		329
Kinnelon, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					11,367
Initial Cost to Company [Abstract]
Land					4,540
Building & Improvements					18,160
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(29)
Building & Improvements					81
Amount at which Carried at Close of Period [Abstract]
Land					4,511
Building & Improvements					18,241
TOTAL		22,752			22,752
Accumulated Depreciation		$ 426			426
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 22,752
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		426
Pompton Lakes, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					20,320
Initial Cost to Company [Abstract]
Land					8,140
Building & Improvements					32,560
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					33
Building & Improvements					181
Amount at which Carried at Close of Period [Abstract]
Land					8,173
Building & Improvements					32,741
TOTAL		40,914			40,914
Accumulated Depreciation		$ 766			766
Date Constructed/Acquired		2,015
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 40,914
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		766
Retail Properties [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					260,457
Initial Cost to Company [Abstract]
Land					169,484
Building & Improvements					670,777
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					3,160
Building & Improvements	[1]				81,891
Amount at which Carried at Close of Period [Abstract]
Land					172,644
Building & Improvements					752,330
TOTAL		924,974			924,974
Accumulated Depreciation		161,843			161,843
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		924,974
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		161,843
Retail Properties [Member] | Bethel, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,800
Building & Improvements					7,200
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(18)
Building & Improvements					(71)
Amount at which Carried at Close of Period [Abstract]
Land					1,782
Building & Improvements					7,129
TOTAL		8,911			8,911
Accumulated Depreciation		$ 336			336
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,911
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		336
Retail Properties [Member] | Yonkers, NY 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					5,000
Initial Cost to Company [Abstract]
Land					3,060
Building & Improvements					12,240
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					333
Building & Improvements					1,331
Amount at which Carried at Close of Period [Abstract]
Land					3,393
Building & Improvements					13,571
TOTAL		16,964			16,964
Accumulated Depreciation		$ 358			358
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 16,964
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		358
Retail Properties [Member] | Boonton, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					7,576
Initial Cost to Company [Abstract]
Land					3,670
Building & Improvements					14,680
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					15
Building & Improvements					57
Amount at which Carried at Close of Period [Abstract]
Land					3,685
Building & Improvements					14,737
TOTAL		18,422			18,422
Accumulated Depreciation		$ 692			692
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 18,422
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		692
Retail Properties [Member] | Bloomfield, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					7,592
Initial Cost to Company [Abstract]
Land					2,201
Building & Improvements					8,804
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					218
Building & Improvements					888
Amount at which Carried at Close of Period [Abstract]
Land					2,419
Building & Improvements					9,692
TOTAL		12,111			12,111
Accumulated Depreciation		$ 535			535
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 12,111
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		535
Retail Properties [Member] | Greenwich, CT 7 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					15,889
Initial Cost to Company [Abstract]
Land					6,257
Building & Improvements					25,029
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					27
Building & Improvements					270
Amount at which Carried at Close of Period [Abstract]
Land					6,284
Building & Improvements					25,299
TOTAL		31,583			31,583
Accumulated Depreciation		$ 745			745
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 31,583
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		745
Retail Properties [Member] | Greenwich, CT 6 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					8,185
Initial Cost to Company [Abstract]
Land					3,223
Building & Improvements					12,893
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					6
Building & Improvements					66
Amount at which Carried at Close of Period [Abstract]
Land					3,229
Building & Improvements					12,959
TOTAL		16,188			16,188
Accumulated Depreciation		$ 376			376
Date Constructed/Acquired		2,014
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 16,188
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		376
Retail Properties [Member] | Greenwich, CT 1 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					3,345
Initial Cost to Company [Abstract]
Land					1,600
Building & Improvements					6,401
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					27
Building & Improvements	[1]				523
Amount at which Carried at Close of Period [Abstract]
Land					1,627
Building & Improvements	[2]				6,924
TOTAL		8,551			8,551
Accumulated Depreciation		$ 434			434
Date Constructed/Acquired		2,013
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,551
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		434
Retail Properties [Member] | Greenwich, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					4,172
Initial Cost to Company [Abstract]
Land					1,998
Building & Improvements					7,994
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					53
Building & Improvements					228
Amount at which Carried at Close of Period [Abstract]
Land					2,051
Building & Improvements					8,222
TOTAL		10,273			10,273
Accumulated Depreciation		$ 509			509
Date Constructed/Acquired		2,013
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 10,273
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		509
Retail Properties [Member] | Bronxville, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					60
Building & Improvements					239
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					95
Building & Improvements	[1]				776
Amount at which Carried at Close of Period [Abstract]
Land					155
Building & Improvements	[2]				1,015
TOTAL		1,170			1,170
Accumulated Depreciation		$ 156			156
Date Constructed/Acquired		2,009
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 1,170
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		156
Retail Properties [Member] | Yonkers, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					30
Building & Improvements					121
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					183
Building & Improvements	[1]				734
Amount at which Carried at Close of Period [Abstract]
Land					213
Building & Improvements	[2]				855
TOTAL		1,068			1,068
Accumulated Depreciation		$ 132			132
Date Constructed/Acquired		2,009
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 1,068
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		132
Retail Properties [Member] | Yonkers, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					30
Building & Improvements					121
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					85
Building & Improvements	[1]				341
Amount at which Carried at Close of Period [Abstract]
Land					115
Building & Improvements	[2]				462
TOTAL		577			577
Accumulated Depreciation		$ 72			72
Date Constructed/Acquired		2,009
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 577
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		72
Retail Properties [Member] | New Milford, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,114
Building & Improvements					8,456
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					71
Building & Improvements	[1]				491
Amount at which Carried at Close of Period [Abstract]
Land					2,185
Building & Improvements	[2]				8,947
TOTAL		11,132			11,132
Accumulated Depreciation		$ 1,680			1,680
Date Constructed/Acquired		2,008
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 11,132
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,680
Retail Properties [Member] | New Milford, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					16
Initial Cost to Company [Abstract]
Land					4,492
Building & Improvements					17,967
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					166
Building & Improvements	[1]				1,808
Amount at which Carried at Close of Period [Abstract]
Land					4,658
Building & Improvements	[2]				19,775
TOTAL		24,433			24,433
Accumulated Depreciation		$ 2,660			2,660
Date Constructed/Acquired		2,010
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 24,433
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,660
Retail Properties [Member] | New Milford, CT 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,168
Building & Improvements					8,672
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				59
Amount at which Carried at Close of Period [Abstract]
Land					2,168
Building & Improvements	[2]				8,731
TOTAL		10,899			10,899
Accumulated Depreciation		$ 1,026			1,026
Date Constructed/Acquired		2,011
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 10,899
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,026
Retail Properties [Member] | Newark, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					11,173
Initial Cost to Company [Abstract]
Land					5,252
Building & Improvements					21,023
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,483
Amount at which Carried at Close of Period [Abstract]
Land					5,252
Building & Improvements	[2]				22,506
TOTAL		27,758			27,758
Accumulated Depreciation		$ 4,342			4,342
Date Constructed/Acquired		2,008
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 27,758
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,342
Retail Properties [Member] | Waldwick, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,266
Building & Improvements					5,064
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				0
Amount at which Carried at Close of Period [Abstract]
Land					1,266
Building & Improvements	[2]				5,064
TOTAL		6,330			6,330
Accumulated Depreciation		$ 1,028			1,028
Date Constructed/Acquired		2,007
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 6,330
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,028
Retail Properties [Member] | Emerson, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					604
Initial Cost to Company [Abstract]
Land					3,633
Building & Improvements					14,531
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,472
Amount at which Carried at Close of Period [Abstract]
Land					3,633
Building & Improvements	[2]				16,003
TOTAL		19,636			19,636
Accumulated Depreciation		$ 3,596			3,596
Date Constructed/Acquired		2,007
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 19,636
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,596
Retail Properties [Member] | Monroe, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					765
Building & Improvements					3,060
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				135
Amount at which Carried at Close of Period [Abstract]
Land					765
Building & Improvements	[2]				3,195
TOTAL		3,960			3,960
Accumulated Depreciation		$ 713			713
Date Constructed/Acquired		2,007
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,960
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		713
Retail Properties [Member] | Pelham, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,694
Building & Improvements					6,843
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				149
Amount at which Carried at Close of Period [Abstract]
Land					1,694
Building & Improvements	[2]				6,992
TOTAL		8,686			8,686
Accumulated Depreciation		$ 1,667			1,667
Date Constructed/Acquired		2,006
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,686
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,667
Retail Properties [Member] | Stratford,CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					26,786
Initial Cost to Company [Abstract]
Land					10,173
Building & Improvements					40,794
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(94)
Building & Improvements	[1]				9,649
Amount at which Carried at Close of Period [Abstract]
Land					10,079
Building & Improvements	[2]				50,443
TOTAL		60,522			60,522
Accumulated Depreciation		$ 14,608			14,608
Date Constructed/Acquired		2,005
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 60,522
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		14,608
Retail Properties [Member] | Yorktown Heights, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					5,786
Building & Improvements					23,221
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				6,000
Amount at which Carried at Close of Period [Abstract]
Land					5,786
Building & Improvements	[2]				29,221
TOTAL		35,007			35,007
Accumulated Depreciation		$ 6,621			6,621
Date Constructed/Acquired		2,005
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 35,007
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		6,621
Retail Properties [Member] | Rye, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					909
Building & Improvements					3,637
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				440
Amount at which Carried at Close of Period [Abstract]
Land					909
Building & Improvements	[2]				4,077
TOTAL		4,986			4,986
Accumulated Depreciation		$ 1,189			1,189
Date Constructed/Acquired		2,004
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 4,986
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,189
Retail Properties [Member] | Rye, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					1,415
Initial Cost to Company [Abstract]
Land					483
Building & Improvements					1,930
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				6
Amount at which Carried at Close of Period [Abstract]
Land					483
Building & Improvements	[2]				1,936
TOTAL		2,419			2,419
Accumulated Depreciation		$ 571			571
Date Constructed/Acquired		2,004
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 2,419
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		571
Retail Properties [Member] | Rye, NY 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					638
Initial Cost to Company [Abstract]
Land					239
Building & Improvements					958
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				87
Amount at which Carried at Close of Period [Abstract]
Land					239
Building & Improvements	[2]				1,045
TOTAL		1,284			1,284
Accumulated Depreciation		$ 340			340
Date Constructed/Acquired		2,004
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 1,284
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		340
Retail Properties [Member] | Rye, NY 4 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					1,453
Initial Cost to Company [Abstract]
Land					695
Building & Improvements					2,782
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				18
Amount at which Carried at Close of Period [Abstract]
Land					695
Building & Improvements	[2]				2,800
TOTAL		3,495			3,495
Accumulated Depreciation		$ 821			821
Date Constructed/Acquired		2,004
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,495
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		821
Retail Properties [Member] | Somers, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					4,318
Building & Improvements					17,268
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				160
Amount at which Carried at Close of Period [Abstract]
Land					4,318
Building & Improvements	[2]				17,428
TOTAL		21,746			21,746
Accumulated Depreciation		$ 5,526			5,526
Date Constructed/Acquired		2,003
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 21,746
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		5,526
Retail Properties [Member] | Westport, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					12
Initial Cost to Company [Abstract]
Land					2,076
Building & Improvements					8,305
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				345
Amount at which Carried at Close of Period [Abstract]
Land					2,076
Building & Improvements	[2]				8,650
TOTAL		10,726			10,726
Accumulated Depreciation		$ 2,841			2,841
Date Constructed/Acquired		2,003
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 10,726
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,841
Retail Properties [Member] | White Plains, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					8,065
Building & Improvements					32,258
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(1)
Building & Improvements	[1]				7,518
Amount at which Carried at Close of Period [Abstract]
Land					8,064
Building & Improvements	[2]				39,776
TOTAL		47,840			47,840
Accumulated Depreciation		$ 13,124			13,124
Date Constructed/Acquired		2,003
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 47,840
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		13,124
Retail Properties [Member] | Orange, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,320
Building & Improvements					10,564
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,358
Amount at which Carried at Close of Period [Abstract]
Land					2,320
Building & Improvements	[2]				11,922
TOTAL		14,242			14,242
Accumulated Depreciation		$ 4,207			4,207
Date Constructed/Acquired		2,003
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 14,242
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,207
Retail Properties [Member] | Stamford, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					45,556
Initial Cost to Company [Abstract]
Land					17,965
Building & Improvements					71,859
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				7,088
Amount at which Carried at Close of Period [Abstract]
Land					17,968
Building & Improvements	[2]				78,947
TOTAL		96,912			96,912
Accumulated Depreciation		$ 28,213			28,213
Date Constructed/Acquired		2,002
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 96,912
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		28,213
Retail Properties [Member] | Danbury, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,459
Building & Improvements					4,566
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,586
Amount at which Carried at Close of Period [Abstract]
Land					2,456
Building & Improvements	[2]				6,152
TOTAL		8,611			8,611
Accumulated Depreciation		$ 2,022			2,022
Date Constructed/Acquired		2,002
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,611
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,022
Retail Properties [Member] | Briarcliff, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,222
Building & Improvements					5,185
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					1,234
Building & Improvements	[1]				8,356
Amount at which Carried at Close of Period [Abstract]
Land					3,456
Building & Improvements	[2]				13,541
TOTAL		16,997			16,997
Accumulated Depreciation		$ 2,151			2,151
Date Constructed/Acquired		2,001
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 16,997
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,151
Retail Properties [Member] | Somers, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,833
Building & Improvements					7,383
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				950
Amount at which Carried at Close of Period [Abstract]
Land					1,833
Building & Improvements	[2]				8,333
TOTAL		10,166			10,166
Accumulated Depreciation		$ 4,082			4,082
Date Constructed/Acquired		1,999
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 10,166
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,082
Retail Properties [Member] | Briarcliff, NY 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					380
Building & Improvements					1,531
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				357
Amount at which Carried at Close of Period [Abstract]
Land					380
Building & Improvements	[2]				1,888
TOTAL		2,268			2,268
Accumulated Depreciation		$ 847			847
Date Constructed/Acquired		1,999
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 2,268
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		847
Retail Properties [Member] | Briarcliff, NY 4 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					15,840
Initial Cost to Company [Abstract]
Land					2,300
Building & Improvements					9,708
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					2
Building & Improvements	[1]				3,486
Amount at which Carried at Close of Period [Abstract]
Land					2,302
Building & Improvements	[2]				13,194
TOTAL		15,496			15,496
Accumulated Depreciation		$ 5,760			5,760
Date Constructed/Acquired		1,998
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 15,496
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		5,760
Retail Properties [Member] | Ridgefield, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					900
Building & Improvements					3,793
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,483
Amount at which Carried at Close of Period [Abstract]
Land					900
Building & Improvements	[2]				5,276
TOTAL		6,176			6,176
Accumulated Depreciation		$ 1,935			1,935
Date Constructed/Acquired		1,998
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 6,176
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,935
Retail Properties [Member] | Darien, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					16,545
Initial Cost to Company [Abstract]
Land					4,260
Building & Improvements					17,192
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				906
Amount at which Carried at Close of Period [Abstract]
Land					4,260
Building & Improvements	[2]				18,098
TOTAL		22,358			22,358
Accumulated Depreciation		$ 7,862			7,862
Date Constructed/Acquired		1,998
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 22,358
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		7,862
Retail Properties [Member] | Eastchester, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,500
Building & Improvements					6,128
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				2,849
Amount at which Carried at Close of Period [Abstract]
Land					1,500
Building & Improvements	[2]				8,977
TOTAL		10,477			10,477
Accumulated Depreciation		$ 3,503			3,503
Date Constructed/Acquired		1,997
Life on which depreciation for building and improvements in latest income statement is computed		31 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 10,477
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,503
Retail Properties [Member] | Danbury, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					30
Initial Cost to Company [Abstract]
Land					3,850
Building & Improvements					15,811
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				4,757
Amount at which Carried at Close of Period [Abstract]
Land					3,850
Building & Improvements	[2]				20,568
TOTAL		24,418			24,418
Accumulated Depreciation		$ 10,980			10,980
Date Constructed/Acquired		1,995
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 24,418
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		10,980
Retail Properties [Member] | Carmel, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,488
Building & Improvements					5,973
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				957
Amount at which Carried at Close of Period [Abstract]
Land					1,488
Building & Improvements	[2]				6,930
TOTAL		8,418			8,418
Accumulated Depreciation		$ 3,598			3,598
Date Constructed/Acquired		1,995
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,418
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,598
Retail Properties [Member] | Somers, NY 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					821
Building & Improvements					2,600
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				571
Amount at which Carried at Close of Period [Abstract]
Land					821
Building & Improvements	[2]				3,171
TOTAL		3,992			3,992
Accumulated Depreciation		$ 1,538			1,538
Date Constructed/Acquired		1,992
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,992
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,538
Retail Properties [Member] | Wayne, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					306
Initial Cost to Company [Abstract]
Land					2,492
Building & Improvements					9,966
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,355
Amount at which Carried at Close of Period [Abstract]
Land					2,492
Building & Improvements	[2]				11,321
TOTAL		13,813			13,813
Accumulated Depreciation		$ 6,213			6,213
Date Constructed/Acquired		1,992
Life on which depreciation for building and improvements in latest income statement is computed		31 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 13,813
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		6,213
Retail Properties [Member] | Newington, NH [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					728
Building & Improvements					1,997
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,808
Amount at which Carried at Close of Period [Abstract]
Land					728
Building & Improvements	[2]				3,805
TOTAL		4,533			4,533
Accumulated Depreciation		$ 2,811			2,811
Date Constructed/Acquired		1,979
Life on which depreciation for building and improvements in latest income statement is computed		40 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 4,533
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,811
Retail Properties [Member] | Katonah, NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,704
Building & Improvements					6,816
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				106
Amount at which Carried at Close of Period [Abstract]
Land					1,704
Building & Improvements	[2]				6,922
TOTAL		8,626			8,626
Accumulated Depreciation		$ 997			997
Date Constructed/Acquired		2,010
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 8,626
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		997
Retail Properties [Member] | Eastchester, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,800
Building & Improvements					7,200
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					78
Building & Improvements	[1]				477
Amount at which Carried at Close of Period [Abstract]
Land					1,878
Building & Improvements	[2]				7,677
TOTAL		9,555			9,555
Accumulated Depreciation		$ 762			762
Date Constructed/Acquired		2,012
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 9,555
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		762
Retail Properties [Member] | Fairfield Centre, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					3,393
Building & Improvements					13,574
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					153
Building & Improvements	[1]				612
Amount at which Carried at Close of Period [Abstract]
Land					3,546
Building & Improvements	[2]				14,186
TOTAL		17,732			17,732
Accumulated Depreciation		$ 1,443			1,443
Date Constructed/Acquired		2,011
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 17,732
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,443
Retail Properties [Member] | Orangeburg NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					6,555
Initial Cost to Company [Abstract]
Land					3,200
Building & Improvements					12,800
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					30
Building & Improvements	[1]				4,426
Amount at which Carried at Close of Period [Abstract]
Land					3,230
Building & Improvements	[2]				17,226
TOTAL		20,456			20,456
Accumulated Depreciation		$ 1,298			1,298
Date Constructed/Acquired		2,012
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 20,456
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,298
Retail Properties [Member] | New Providence Property [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					20,030
Initial Cost to Company [Abstract]
Land					6,970
Building & Improvements					27,880
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					463
Building & Improvements					2,706
Amount at which Carried at Close of Period [Abstract]
Land					7,433
Building & Improvements					30,586
TOTAL		38,019			38,019
Accumulated Depreciation		$ 2,031			2,031
Date Constructed/Acquired		2,013
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 38,019
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,031
Retail Properties [Member] | Various [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					1,134
Building & Improvements					4,928
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					82
Building & Improvements					321
Amount at which Carried at Close of Period [Abstract]
Land					1,216
Building & Improvements					5,249
TOTAL		6,465			6,465
Accumulated Depreciation		$ 466			466
Date Constructed/Acquired		2,013
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 6,465
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		466
Office Buildings [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					3,366
Building & Improvements					11,538
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(58)
Building & Improvements					1,870
Amount at which Carried at Close of Period [Abstract]
Land					3,308
Building & Improvements					13,408
TOTAL		16,716			16,716
Accumulated Depreciation		3,817			3,817
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		16,716
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,817
Office Buildings [Member] | Greenwich, CT 1 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					708
Building & Improvements					1,641
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				318
Amount at which Carried at Close of Period [Abstract]
Land					708
Building & Improvements	[2]				1,959
TOTAL		2,667			2,667
Accumulated Depreciation		$ 680			680
Date Constructed/Acquired		2,001
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 2,667
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		680
Office Buildings [Member] | Greenwich, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					488
Building & Improvements					1,139
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				348
Amount at which Carried at Close of Period [Abstract]
Land					488
Building & Improvements	[2]				1,487
TOTAL		1,975			1,975
Accumulated Depreciation		$ 532			532
Date Constructed/Acquired		2,000
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 1,975
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		532
Office Buildings [Member] | Greenwich, CT 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					570
Building & Improvements					2,359
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				692
Amount at which Carried at Close of Period [Abstract]
Land					570
Building & Improvements	[2]				3,051
TOTAL		3,621			3,621
Accumulated Depreciation		$ 1,326			1,326
Date Constructed/Acquired		1,998
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,621
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,326
Office Buildings [Member] | Greenwich, CT 4 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					199
Building & Improvements					795
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				443
Amount at which Carried at Close of Period [Abstract]
Land					199
Building & Improvements	[2]				1,238
TOTAL		1,437			1,437
Accumulated Depreciation		$ 540			540
Date Constructed/Acquired		1,993
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 1,437
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		540
Office Buildings [Member] | Greenwich, CT 5 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					111
Building & Improvements					444
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				253
Amount at which Carried at Close of Period [Abstract]
Land					111
Building & Improvements	[2]				697
TOTAL		808			808
Accumulated Depreciation		$ 360			360
Date Constructed/Acquired		1,994
Life on which depreciation for building and improvements in latest income statement is computed		31 years 6 months
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 808
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		360
Office Buildings [Member] | Chester, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					570
Building & Improvements					2,280
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(34)
Building & Improvements					(137)
Amount at which Carried at Close of Period [Abstract]
Land					536
Building & Improvements					2,143
TOTAL		2,679			2,679
Accumulated Depreciation		$ 159			159
Date Constructed/Acquired		2,012
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 2,679
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		159
Office Buildings [Member] | Bernardsville, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					720
Building & Improvements					2,880
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(24)
Building & Improvements					(47)
Amount at which Carried at Close of Period [Abstract]
Land					696
Building & Improvements					2,833
TOTAL		3,529			3,529
Accumulated Depreciation		$ 220			$ 220
Date Constructed/Acquired		2,012
Life on which depreciation for building and improvements in latest income statement is computed		39 years
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		$ 3,529
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		$ 220
Tenant Improvement Costs [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Useful life		5 years
Tenant Improvement Costs [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Useful life		20 years
[1]	RECONCILIATION OF REAL ESTATE - OWNED SUBJECT TO OPERATING LEASES Balance at beginning of year $ 631,167 $ 601,222 $ 565,72 Property improvements during the year 5,782 7,452 3,517 Properties acquired during the year 26,306 28,702 33,243 Properties sold during the year (533) --- --- Property assets fully depreciated and written off (2,347) (6,209) (1,210) Balance at end of year $ 660,,75 $ 631,167 $ 601,222
[2]	Tenant improvement costs are depreciated over the life of the related leases, which range from 5 to 20 years.