Urstadt Biddle Properties (UBA) 10-K 13 Jan 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Oct. 31, 2016	Jan. 05, 2017	Apr. 30, 2016
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
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Document Type	10-K
Amendment Flag	false
Document Period End Date	Oct. 31, 2016
Common Stock [Member]
Entity Information [Line Items]
Entity Public Float			$ 41,769,387
Entity Common Stock, Shares Outstanding		9,660,073
Class A Common Stock [Member]
Entity Information [Line Items]
Entity Public Float			$ 596,259,676
Entity Common Stock, Shares Outstanding		29,729,545

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Oct. 31, 2016	Oct. 31, 2015
Real Estate Investments:
Real Estate - at cost	$ 1,016,838	$ 941,690
Less: Accumulated depreciation	(186,098)	(165,660)
Investment property at cost - net	830,740	776,030
Investments in and advances to unconsolidated joint ventures	38,469	39,305
Loans Receivable, Gross, Commercial, Mortgage	13,500	0
Total real estate investments	882,709	815,335
Cash and cash equivalents	7,271	6,623
Restricted cash	2,024	2,191
Tenant receivables	18,890	22,353
Prepaid expenses and other assets	13,338	9,334
Deferred charges, net of accumulated amortization	7,092	5,239
Total Assets	931,324	861,075
Liabilities:
Revolving credit lines	8,000	22,750
Mortgage notes payable and other loans	273,016	260,457
Accounts payable and accrued expenses	4,977	3,438
Deferred compensation - officers	130	155
Other liabilities	27,915	17,542
Total Liabilities	314,038	304,342
Redeemable Noncontrolling Interests	18,253	15,955
Commitments and Contingencies
Stockholders' Equity:
Excess Stock, par value $.01 per share; 10,000,000 shares authorized; none issued and outstanding	0	0
Additional paid in capital	509,660	431,411
Cumulative distributions in excess of net income	(114,091)	(94,136)
Accumulated other comprehensive (loss)	(1,303)	(1,230)
Total Stockholders' Equity	599,033	540,778
Total Liabilities and Stockholders' Equity	931,324	861,075
Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	129,375	129,375
Series G Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock	75,000	75,000
Common Stock [Member]
Stockholders' Equity:
Class A Common Stock, par value $.01 per share; 40,000,000 shares authorized; 29,633,520 and 26,370,216 shares issued and outstanding	96	94
Class A Common Stock [Member]
Stockholders' Equity:
Class A Common Stock, par value $.01 per share; 40,000,000 shares authorized; 29,633,520 and 26,370,216 shares issued and outstanding	$ 296	$ 264

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015
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
Preferred Stock [Member] | Series F Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, dividend rate	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
Preferred Stock [Member] | Series G Cumulative Preferred Stock [Member]
Stockholders' Equity:
Preferred stock, dividend rate	6.75%	6.75%
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25
Preferred stock, shares issued (in shares)	3,000,000	3,000,000
Preferred stock, shares outstanding (in shares)	3,000,000	3,000,000
Common Stock [Member] | Common Stock [Member]
Stockholders' Equity:
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	30,000,000	30,000,000
Common stock, shares issued (in shares)	9,507,973	9,350,885
Common stock, shares outstanding (in shares)	9,507,973	9,350,885
Common Stock [Member] | 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)	29,633,520	26,370,216
Common stock, shares outstanding (in shares)	29,633,520	26,370,216

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Revenues
Base rents	$ 87,172	$ 83,885	$ 75,099
Recoveries from tenants	25,788	28,703	24,947
Lease termination income	619	472	183
Other income	3,213	2,252	2,099
Total Revenues	116,792	115,312	102,328
Expenses
Property operating	18,717	21,267	18,926
Property taxes	18,548	18,224	16,997
Depreciation and amortization	23,025	22,435	19,249
General and administrative	9,284	8,576	8,016
Provisions for tenant credit losses	1,161	1,271	917
Acquisition costs	412	2,068	666
Directors' fees and expenses	318	330	314
Total Operating Expenses	71,465	74,171	65,085
Operating Income	45,327	41,141	37,243
Non-Operating Income (Expense):
Interest expense	(12,983)	(13,475)	(10,235)
Equity in net income (loss) from unconsolidated joint ventures	2,019	1,941	1,604
Interest, dividends and other investment income	242	228	134
Income From Continuing Operations	34,605	29,835	28,746
Discontinued Operations:
Income from discontinued operations	0	0	141
Gain on sale of properties	0	0	12,526
Income from discontinued operations	0	0	12,667
Income before gain on sale of properties	34,605	29,835	41,413
Gain on sale of properties	0	20,377	24,345
Net Income	34,605	50,212	65,758
Noncontrolling interests:
Net income attributable to noncontrolling interests	(889)	(948)	(607)
Net income attributable to UBP	33,716	49,264	65,151
Preferred stock dividends	(14,280)	(14,605)	(13,812)
Redemption of preferred stock	0	0	(1,870)
Net Income Applicable to Common and Class A Common Stockholders	$ 19,436	$ 34,659	$ 49,469
Common Stock [Member]
Basic Earnings Per Share:
Per Common Share:	$ 0.50	$ 0.92	$ 1.09
Income from discontinued operations (in dollars per share)	0	0	0.37
Net Income Applicable to Common Stockholders (in dollars per share)	0.50	0.92	1.46
Diluted Earnings Per Share:
Income from continuing operations (in dollars per share)	0.49	0.90	1.06
Income from discontinued operations (in dollars per share)	0	0	0.36
Net Income Applicable to Common Stockholders (in dollars per share)	$ 0.49	$ 0.90	$ 1.42
Class A Common Stock [Member]
Noncontrolling interests:
Net Income Applicable to Common and Class A Common Stockholders	$ 15,294	$ 27,247	$ 38,068
Basic Earnings Per Share:
Per Common Share:	$ 0.57	$ 1.04	$ 1.22
Income from discontinued operations (in dollars per share)	0	0	0.42
Net Income Applicable to Common Stockholders (in dollars per share)	0.57	1.04	1.64
Diluted Earnings Per Share:
Income from continuing operations (in dollars per share)	0.56	1.02	1.19
Income from discontinued operations (in dollars per share)	0	0	0.40
Net Income Applicable to Common Stockholders (in dollars per share)	$ 0.56	$ 1.02	$ 1.59

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) [Abstract]
Net Income	$ 34,605	$ 50,212	$ 65,758
Other comprehensive income:
Change in unrealized gain/(losses) in marketable equity securities	0	0	29
Change in unrealized income (losses) on interest rate swaps	(73)	(1,293)	(18)
Unrealized (gains) in marketable securities reclassified into income	0	0	(10)
Total comprehensive income	34,532	48,919	65,759
Comprehensive income attributable to noncontrolling interests	(889)	(948)	(607)
Total Comprehensive income attributable to Urstadt Biddle Properties Inc.	33,643	47,971	65,152
Preferred stock dividends	(14,280)	(14,605)	(13,812)
Redemption of Preferred Stock	0	0	(1,870)
Total comprehensive income applicable to Common and Class A Common Stockholders	$ 19,363	$ 33,366	$ 49,470

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Cash Flows from Operating Activities:
Net income	$ 34,605	$ 50,212	$ 65,758
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	23,025	22,435	19,249
Straight-line rent adjustment	(1,902)	(1,551)	516
Provisions for tenant credit losses	1,161	1,271	917
Restricted stock compensation expense and other adjustments	4,442	4,201	4,097
Deferred compensation arrangement	(26)	(31)	11
Gain on sale of properties	0	(20,377)	(36,872)
Equity in net loss/(income) of unconsolidated joint ventures	(2,019)	(1,941)	(1,604)
Changes in operating assets and liabilities:
Tenant receivables	4,203	(2,033)	(1,443)
Accounts payable and accrued expenses	1,464	530	154
Other assets and other liabilities, net	(5,057)	(1,548)	881
Restricted Cash	166	(68)	(749)
Net Cash Flow Provided by Operating Activities	60,062	51,100	50,915
Cash Flows from Investing Activities:
Acquisitions of real estate investments	(58,737)	(136,304)	(74,805)
Investments in and advances to unconsolidated joint venture	(700)	(247)	(6,902)
Payments to Acquire Mortgage Notes Receivable	(13,500)	0	0
Deposits on acquisition of real estate investments	(750)	(695)	(3,157)
Returns of deposits on real estate investments	640	627	0
Improvements to properties and deferred charges	(21,462)	(12,175)	(19,303)
Net proceeds from sale of properties	0	43,806	47,609
Deposits received on sale of investment real estate	11,900	0	0
Distributions to noncontrolling interests	(889)	(1,990)	(607)
Distributions from unconsolidated joint ventures	3,445	1,944	1,901
Payments received on mortgage notes and other receivables	0	0	640
Net Cash Flow (Used in) Investing Activities	(80,053)	(105,034)	(54,624)
Cash Flows from Financing Activities:
Dividends paid - Common and Class A Common Stock	(37,092)	(35,387)	(32,116)
Dividends paid - Preferred Stock	(14,280)	(14,605)	(13,812)
Principal repayments on mortgage notes payable	(20,744)	(12,909)	(20,297)
Proceeds from revolving credit line borrowings	52,000	104,750	65,050
Proceeds from term loan borrowing	0	0	25,000
Repayment of term loan borrowing	0	(25,000)	0
Proceeds from mortgage financings	33,663	68,219	40,675
Sales of additional shares of Common and Class A Common Stock	73,842	59,983	248
Repayment of revolving credit line borrowings	(66,750)	(97,550)	(58,750)
Repurchase of shares of Class A Common Stock	0	(3,363)	0
Net proceeds from issuance of Preferred Stock	0	4,640	67,795
Redemption of Preferred Stock including restricted cash	0	(61,250)	0
Net Cash Flow Provided by (Used in) Financing Activities	20,639	(12,472)	73,793
Net (Decrease) In Cash and Cash Equivalents	648	(66,406)	70,084
Cash and Cash Equivalents at Beginning of Year	6,623	73,029	2,945
Cash and Cash Equivalents at End of Year	$ 7,271	$ 6,623	$ 73,029

CONSOLIDATED STATEMENT OF STOCK

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Preferred Stock [Member]7.5% Series D Preferred Stock [Member]	Preferred Stock [Member]7.125% Series F Preferred Stock [Member]	Preferred Stock [Member]6.75% Series G Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member]Common Stock [Member]	Common Stock [Member]Class A Common Stock [Member]	Additional Paid In Capital [Member]	Additional Paid In Capital [Member]Class A Common Stock [Member]	Cumulative Distributions in Excess of Net Income [Member]	Cumulative Distributions in Excess of Net Income [Member]Common Stock [Member]	Cumulative Distributions in Excess of Net Income [Member]Class A Common Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total	7.5% Series D Preferred Stock [Member]	6.75% Series G Preferred Stock [Member]	Common Stock [Member]	Class A Common Stock [Member]
Balance at Oct. 31, 2013	$ 61,250	$ 129,375	$ 0		$ 90	$ 235	$ 367,070		$ (112,168)			$ 62	$ 445,914
Balance (in shares) at Oct. 31, 2013	2,450,000	5,175,000	0		9,035,212	23,530,704
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income applicable to Common and Class A common stockholders				$ 11,401					49,469				49,469				$ 38,068
Change in unrealized gains (losses) in marketable securities												19	19
Change in unrealized (loss) on interest rate swap												(18)	(18)
Cash dividends paid:
Common stock Dividends										$ (8,271)	$ (23,845)					$ (8,271)	(23,845)
Issuance of preferred stock								$ (2,304)					67,696		$ 70,000
Issuance of preferred stock (in shares)															2,800,000
Reclassification of preferred stock							1,870						(59,380)	$ (61,250)
Reclassification of preferred stock (in shares)														(2,450,000)
Issuance of shares under dividend reinvestment plan						$ 0	248						248			0
Issuance of shares under dividend reinvestment plan (in shares)					6,347	6,811
Shares issued under restricted stock plan					$ 2	$ 1	(3)						0
Shares issued under restricted stock plan (in shares)					152,000	80,500
Forfeiture of restricted stock						$ 0	0						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)
Balance at Oct. 31, 2014	$ 0	$ 129,375	$ 70,000		$ 92	$ 236	370,979		(95,702)			63	475,043
Balance (in shares) at Oct. 31, 2014	0	5,175,000	2,800,000		9,193,559	23,611,715
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income applicable to Common and Class A common stockholders				$ 7,412					34,659				34,659				27,247
Change in unrealized (loss) on interest rate swap												(1,293)	(1,293)
Cash dividends paid:
Common stock Dividends										(8,413)	(26,974)					(8,413)	(26,974)
Issuance of preferred stock			$ 5,000				(360)						4,640
Issuance of preferred stock (in shares)			200,000
Issuance of shares under dividend reinvestment plan						$ 0	223						223			0
Issuance of shares under dividend reinvestment plan (in shares)				5,326	5,326	6,104
Shares issued under restricted stock plan					$ 2	$ 1	(3)						0
Shares issued under restricted stock plan (in shares)					152,000	92,750
Forfeiture of restricted stock						$ 0	0						0
Forfeiture of restricted stock (in shares)						(26,600)
Issuance of common stock						$ 29	59,731						59,760
Issuance of common stock (in shares)						2,875,000
Repurchase of common stock						$ (2)	(3,360)						(3,362)
Repurchase of common stock (in shares)						(188,753)
Restricted stock compensation and other adjustment							4,201						4,201
Adjustments to redeemable noncontrolling interests									2,294				2,294
Balance at Oct. 31, 2015	$ 0	$ 129,375	$ 75,000		$ 94	$ 264	431,411		(94,136)			(1,230)	540,778
Balance (in shares) at Oct. 31, 2015	0	5,175,000	3,000,000		9,350,885	26,370,216
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income applicable to Common and Class A common stockholders				$ 4,142					19,436				19,436				15,294
Change in unrealized (loss) on interest rate swap												(73)	(73)
Cash dividends paid:
Common stock Dividends										$ (8,745)	$ (28,348)					(8,745)	(28,348)
Issuance of shares under dividend reinvestment plan						$ 0	219						219			$ 0
Issuance of shares under dividend reinvestment plan (in shares)				4,988	4,988	5,854
Shares issued under restricted stock plan					$ 2	$ 1	(3)						0
Shares issued under restricted stock plan (in shares)					152,100	95,600
Forfeiture of restricted stock						$ 0	0						0
Forfeiture of restricted stock (in shares)						(650)
Issuance of common stock						$ 31		$ 73,623									$ 73,654
Issuance of common stock (in shares)						3,162,500
Restricted stock compensation and other adjustment							4,410						4,410
Adjustments to redeemable noncontrolling interests									(2,298)				(2,298)
Balance at Oct. 31, 2016	$ 0	$ 129,375	$ 75,000		$ 96	$ 296	$ 509,660		$ (114,091)			$ (1,303)	$ 599,033
Balance (in shares) at Oct. 31, 2016	0	5,175,000	3,000,000		9,507,973	29,633,520

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Common Stock [Member] | Common Stock [Member]
Common stock, dividends per share declared (in dollars per share)	$ 0.92	$ 0.90	$ 0.90
Common Stock [Member] | Class A Common Stock [Member]
Common stock, dividends per share declared (in dollars per share)	$ 1.04	$ 1.02	$ 1.01
Preferred Stock [Member] | 7.5% Series D Preferred Stock [Member]
Preferred stock, dividend rate	7.50%	7.50%	7.50%
Preferred Stock [Member] | 6.75% Series G Preferred Stock [Member]
Preferred stock, dividend rate	6.75%	6.75%	6.75%
Preferred Stock [Member] | 7.125% Series F Preferred Stock [Member]
Preferred stock, dividend rate	7.125%	7.125%	7.125%

ORGANIZATION, BASIS OF PRESENTA

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 2016
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, 2016, the Company owned or had equity interests in 75 properties containing a total of 5.0 million square feet of gross leasable area ("GLA"). Principles of Consolidation and Use of Estimates The accompanying consolidated financial statements include the accounts of the Company, its wholly owned subsidiaries, and joint ventures in which the Company meets certain criteria of a sole general partner in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 810, "Consolidation," and ASC Topic 970-810 "Real Estate-General-Consolidation". The Company has determined that such joint ventures should be consolidated into the consolidated financial statements of the Company. In accordance with ASC Topic 970-323 "Real Estate-General-Equity Method and Joint Ventures;" joint ventures that the Company does not control but otherwise exercises significant influence in, are accounted for under the equity method of accounting. See Note 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 2016 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, 2016. As of October 31, 2016, the fiscal tax years 2013 through and including 2015 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 year ended October 31, 2014. 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 $20.4 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 and 2014. In addition, the Company had previously entered into a contract to sell its White Plains property and in April 2016, the Company satisfied the remaining contingency under the sale contract and expects to close on the sale of the property in March 2017. In accordance with ASC 360-10-45, the White Plains asset met all of the criteria to be classified as held for sale beginning in April 2016, but because the net book value of the White Plains asset is insignificant to financial statement presentation, the Company will not include the asset as held for sale on the consolidated balance sheet for all periods presented. The combined operating results of the Springfield property, the Meriden property and the White Plains property, which are included in continuing operations, were as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ 5,638 $ 6,126 $ 12,411 Property operating expense (1,340 ) (3,244 ) (5,689 ) Depreciation and amortization (476 ) (1,787 ) (2,767 ) Net Income $ 3,822 $ 1,095 $ 3,955 In December 2013 (fiscal 2014), prior to the adoption of ASU 2014-08, which 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 year ended October 31, 2014. The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations. The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ - $ - $ 141 Property operating expense $ - $ - $ - Depreciation and amortization $ - $ - $ - Income from discontinued operations - - 141 Cash flows from discontinued operations for the fiscal years ended October 31, 2016, 2015 and 2014 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Cash flows from operating activities $ – $ – $ (13,131 ) 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 $3,703,000 and $3,108,000 as of October 31, 2016 and 2015, 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, 2016. 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, 2016 and 2015, approximately $16,829,000 and $15,570,000, 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, 2016 and 2015, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $4,097,000 and $3,668,000, 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, 2016, 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, 2016, the Company had approximately $34.8 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 3.79% per annum. As of October 31, 2016 and 2015, the Company had a deferred liability of $1,726,000 and $1,230,000, 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. In addition, in June 2016, the Company entered into a $50 million mortgage loan commitment (see note 5) with a lender to refinance the Company's secured mortgage on its Ridgeway property located in Stamford, CT in July 2017. In conjunction with entering into the mortgage commitment, the Company simultaneously executed with the same lender an interest rate swap contract with a $50 million notional amount that will take effect on July 17, 2017 and will be co-terminus with the new Ridgeway mortgage loan. Such interest rate swap will convert the LIBOR-based variable rate on the new Ridgeway mortgage loan to a fixed annual rate of 3.398%. As of October 31, 2016, the Company had a deferred asset of $422,000 (included in prepaid expenses and other assets on the consolidated balance sheets) relating to the fair value of the Company's interest rate swap applicable to the Ridgeway mortgage loan. Charges and/or credits relating to the changes in fair values of such interest rate swap are made to other comprehensive (loss) 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, 2016 and 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of approximately $1,304,000 and $1,230,000, respectively. Unrealized gains and losses included in other comprehensive (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, 2016 2015 2014 Numerator Net income applicable to common stockholders – basic $ 4,142 $ 7,412 $ 11,401 Effect of dilutive securities: Restricted stock awards 236 431 723 Net income applicable to common stockholders – diluted $ 4,378 $ 7,843 $ 12,124 Denominator Denominator for basic EPS-weighted average common shares 8,241 8,059 7,801 Effect of dilutive securities: Restricted stock awards 669 669 735 Denominator for diluted EPS – weighted average common equivalent shares 8,910 8,728 8,536 Numerator Net income applicable to Class A common stockholders – basic $ 15,294 $ 27,247 $ 38,068 Effect of dilutive securities: Restricted stock awards (236 ) (431 ) (723 ) Net income applicable to Class A common stockholders – diluted $ 15,058 $ 26,816 $ 37,345 Denominator Denominator for basic EPS – weighted average Class A common shares 26,921 26,141 23,208 Effect of dilutive securities: Restricted stock awards 191 191 219 Denominator for diluted EPS – weighted average Class A common equivalent shares 27,112 26,332 23,427 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: Year Ended October 31, 2016 2015 2014 Ridgeway Revenues 11.3% 11.7% 13.3% All Other Property Revenues 88.7% 88.3% 86.7% Consolidated Revenue 100.0% 100.0% 100.0% Year Ended October 31, 2016 2015 Ridgeway Assets 7.6% 8.4% All Other Property Assets 92.4% 91.6% 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, 2016, 2015 and 2014. Year Ended October 31, 2016 2015 2014 Ridgeway Percent Leased 98% 97% 99% Ridgeway Significant Tenants (by base rent): Year Ended October 31, 2016 2015 2014 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% 11% All Other Tenants at Ridgeway (Note 2) 56% 56% 56% 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. Year Ended October 31, 2016 Income Statement (In Thousands): Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,192 $ 103,600 $ 116,792 Operating Expenses $ 3,649 $ 33,616 $ 37,265 Interest Expense $ 2,487 $ 10,496 $ 12,983 Depreciation and Amortization $ 2,468 $ 20,557 $ 23,025 Income from Continuing Operations $ 4,588 $ 30,017 $ 34,605 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 $ 25,021 $ 29,835 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 $ 23,981 $ 28,746 Reclassification Certain fiscal 2014 and 2015 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 for all annual periods beginning after December 15, 2017 with early adoption permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within the reporting period. In March 2016, the FASB issued ASU 2016-08 as an amendment to ASU 2014-09, the amendment clarifies how to identify the unit of accounting for the principal versus agent evaluation, how to apply the control principle to certain types of arrangements, such as service transaction, and reframed the indicators in the guidance to focus on evidence that an entity is acting as a principal rather than as an agent. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 and ASU 2016-08 will have on its consolidated financial statements. During April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs." ASU 2015-03 modifies the treatment of debt issuance costs from a deferred charge to a deduction of the carrying value of the financial liability. ASU 2015-03 is effective for annual 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 when adopted. In February 2016, the FASB issued ASU 2016-02, "Leases." ASU 2016-02 significantly changes the accounting for leases by requiring lessees to recognize assets and liabilities for leases greater than 12 months on their balance sheet. The lessor model stays substantially the same; however, there were modifications to conform lessor accounting with the lessee model, eliminating real estate specific guidance, further defining certain lease and non-lease components, and changing the definition of initial direct costs of leases requiring significantly more leasing related costs to be expensed upfront. ASU 2016-02 is effective for the Company in the first quarter of fiscal 2020, and we are currently assessing the impact this standard will have on the Company's consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation." ASU 2016-09 simplifies the accounting for share-based payment transactions, including a policy election option with respect to accounting for forfeitures either as they occur or estimating forfeitures (as is currently required), as well as increasing the amount an employer can withhold to cover income taxes on equity awards. ASU 2016-09 is effective for us in the first quarter of fiscal 2018, and we are currently assessing the impact this standard will have 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, 2016.

REAL ESTATE INVESTMENTS

REAL ESTATE INVESTMENTS	12 Months Ended
	Oct. 31, 2016
REAL ESTATE INVESTMENTS [Abstract]
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, 2016 and 2015 (in thousands): Consolidated Investment Properties Unconsolidated Joint Ventures Mortgage Note Receivable 2016 Totals 2015 Totals Retail $ 820,323 $ 38,469 $ 13,500 $ 872,292 $ 804,954 Office 10,417 - - 10,417 10,381 $ 830,740 $ 38,469 $ 13,500 $ 882,709 $ 815,335 The Company's investments at October 31, 2016 consisted of equity interests in 75 properties and one mortgage note receivable. The 75 properties and the property securing the mortgage note receivable 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.

PROPERTIES

PROPERTIES	12 Months Ended
	Oct. 31, 2016
PROPERTIES [Abstract]
PROPERTIES	(3) PROPERTIES The components of the properties consolidated in the financial statements are as follows (in thousands): October 31, 2016 2015 Land $ 187,676 $ 175,952 Buildings and improvements 829,162 765,738 1,016,838 941,690 Accumulated depreciation (186,098 ) (165,660 ) $ 830,740 $ 776,030 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 for the Company's consolidated properties totaling $491.5 become due as follows (in millions): 2017- $82.1; 2018- $71.6; 2019- $63.0; 2020- $53.8; 2021- $44.5; and thereafter – $176.5. 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, 2016. Significant Investment Property Transactions The Company is currently under contract to purchase three grocery or pharmacy anchored shopping centers located in its primary marketplace. The Company's equity needed to close the transactions will amount to approximately $17.1 million, which it plans on funding with available cash, borrowings on its Unsecured Revolving Credit Facility (the "Facility") or proceeds from the sale of its White Plains shopping center. In October 2016, the Company purchased, for $13.3 million, the 27,000 square foot 970 High Ridge Road shopping center located in Stamford, CT ("High Ridge Road Property"). The Company funded the purchase with available cash. In conjunction with the purchase, the Company incurred acquisition costs totaling $61,000, which have been expensed in the year ended October 31, 2016 consolidated statement of income. In July 2016, the Company purchased, for $45.3 million, the 72,000 square foot Newfield Green shopping center located in Stamford, CT ("Newfield Property"). The Company funded the purchase with a combination of available cash, borrowings on its Facility and proceeds generated by placing a non-recourse first mortgage on the property in the approximate amount of $22.7 million (see note 5). In conjunction with the purchase, the Company incurred acquisition costs totaling $185,000, which have been expensed in the year ended October 31, 2016 consolidated statement of income. The Company is currently in contract to sell its White Plains property to an unrelated entity. The sale was originally scheduled to close in fiscal 2016 but the purchaser requested, and the Company granted, several extensions in fiscal 2016 that postponed the closing to later in fiscal 2017. In consideration for granting the extensions, the Company received $4.8 million to compensate the Company for carrying the property vacant. The Company has recorded the $4.8 million as base rental income in the accompanying consolidated statement of income for the year ended October 31, 2016. In addition, in further consideration for the Company granting the extension to the purchaser the Company required that the purchaser deposit $11.9 million of the purchased price with the Company. The Company has recorded the $11.9 million deposit in other liabilities on the consolidated balance sheet at October 31, 2016. 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. The Company is in the process of evaluating the purchase price allocation of its High Ridge Road and Newfield Green Properties acquired in fiscal 2016 in accordance with ASC Topic 805; consequently the purchase price allocation is preliminary and may be subject to change. 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 6), all acquired in fiscal 2014. As a result of its evaluation, the Company has allocated $964,000 to a liability associated with the fair value assigned to the acquired leases at the McLean Plaza Property, a $166,000 liability associated with the fair value assigned to the acquired leases at the Greenwich Properties, a $113,000 asset associated with the 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 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. For the years ended October 31, 2016, 2015 and 2014, the net amortization of above-market and below-market leases amounted to $157,000, $415,000 and $410,000, respectively, which amounts are included in base rents in the accompanying consolidated statements of income. In fiscal 2016, the Company incurred costs of approximately $21.5 million related to capital improvements, tenants improvements and leasing costs to its properties.

MORTGAGE NOTE RECEIVABLE

MORTGAGE NOTE RECEIVABLE	12 Months Ended
	Oct. 31, 2016
MORTGAGE NOTE RECEIVABLE [Abstract]
MORTGAGE NOTE RECEIVABLE	(4) MORTGAGE NOTE RECEIVABLE In October 2016, the Company, though a wholly-owned subsidiary originated a loan in the amount of $13.5 million secured by a first mortgage on a shopping center located in Rockland County, NY. The loan requires payments to the Company of interest only recognized on the effective yield method at the rate of one-month LIBOR plus 3.25% per annum. The loan has a maturity date of October 10, 2017. The Company funded the mortgage loan with available cash. Principal payments on the mortgage note receivable become due as follows: Fiscal Year Ended Amount October 31, (In thousands) 2017 $ 13,500 2018 - 2019 - 2020 - 2021 - Thereafter -

MORTGAGE NOTES PAYABLE, BANK LI

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS	12 Months Ended
	Oct. 31, 2016
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS [Abstract]
MORTGAGE NOTES PAYABLE AND BANK LINES OF CREDIT AND OTHER LOANS	(5) MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS At October 31, 2016, the Company has mortgage notes payable and other loans that are due in installments over various periods to fiscal 2031. 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 $482.8 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 2017 $ 49,524 $ 6,057 $ 55,581 2018 - 5,221 5,221 2019 26,880 4,960 31,840 2020 - 4,506 4,506 2021 - 4,808 4,808 Thereafter 163,127 7,933 171,060 $ 239,531 $ 33,485 $ 273,016 The fiscal 2017 principal repayment amount above includes the $43.4 million mortgage balance that will be due on the Company's Ridgeway property, located in Stamford, CT, when that loan becomes prepayable in July 2017. The Company has already entered into a mortgage commitment to refinance the note with a new lender (see below). Until it was terminated on August 23, 2016, the Company had an $80 million unsecured revolving credit facility with a syndicate of four banks led by The Bank of New York Mellon, as administrative agent. The syndicate also included Wells Fargo Bank N.A. (syndication agent), Bank of Montreal and Regions Bank (co-documentation agents). The Facility gave the Company the option, under certain conditions, to increase the Facility's borrowing capacity up $125 million (subject to lender approval). The maturity date of the Facility was September 21, 2016 with a one-year extension at the Company's option. In August 2016, the Company refinanced its existing Facility with a syndicate of three banks led by The Bank of New York Mellon, as administrative agent. The syndicate also included Wells Fargo Bank N.A. and Bank of Montreal (co-syndication agents), increasing the capacity to $100 million from $80 million, with the ability under certain conditions to additionally increase the capacity to $150 million (subject to lender approval). The maturity date of the new Facility is August 23, 2020 with a one-year extension at the Company's option. Borrowings under the Facility can be used for general corporate purposes and the issuance of letters of credit (up to $10 million). Borrowings will bear interest at the Company's option of Eurodollar rate plus 1.35% to 1.95% or The Bank of New York Mellon's prime lending rate plus 0.35% to 0.95% based on consolidated indebtedness, as defined. The Company pays a quarterly commitment fee on the unused commitment amount of 0.15% to 0.25% based on outstanding borrowings during the year. 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, 2016. As of October 31, 2016, $92 million was available to be drawn on the Facility. During the fiscal years ended October 31, 2016 and 2015, the Company borrowed $52.0 million and $104.8 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, 2016 and 2015, the Company re-paid $66.8 million and $97.6 million, respectively, on its Facility with proceeds from a combination of non-recourse mortgage financings and available cash. In September 2016, the Company refinanced its $7.2 million mortgage secured by 2 properties with the existing lender. The new mortgage principal balance will be $11 million and have a term of 10 years and will require payments of principal and interest at the rate of LIBOR plus 2.00%. Concurrent with entering into the mortgage, the Company also entered into an interest rate swap contract which will convert the variable interest rate (based on LIBOR) to a fixed rate of 3.475% per annum. In July 2016, the Company entered into a commitment to refinance its $44 million mortgage secured by its Ridgeway shopping center in Stamford, CT on July 17, 2017, the first day the current Ridgeway mortgage can be repaid without penalty. The new mortgage will be in the amount of $50 million and will have a term of 10 years and will require payment of principal and interest at the rate of LIBOR plus 1.90%. Concurrent with entering into the commitment, the Company also entered into an interest rate swap contract which will convert the variable interest rate (based on LIBOR) to a fixed rate of 3.398% per annum. In July 2016, the Company placed a $22.7 million mortgage secured by its newly acquired Newfield Green shopping center located in Stamford, CT. The new mortgage has a term of fifteen years and requires payments of principal and interest at the fixed rate of 3.89% per annum. In May 2016, the Company repaid a $7.5 million mortgage that was secured by its Bloomfield, NJ property. 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 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 Interest paid in the years ended October 31, 2016, 2015, and 2014 was approximately $13.1 million, $13.4 million and $10.3 million, respectively.

CONSOLIDATED JOINT VENTURES AND

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	12 Months Ended
	Oct. 31, 2016
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS [Abstract]
CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS	(6) 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. Orangeburg The Company, through a wholly-owned subsidiary, is the managing member and owns an approximate 34.0% 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 $4.2 million in Orangeburg and as a result as of October 31, 2016 its ownership percentage has increased to 34.0% 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 as the limited liability members have the right to force redemption of their units by the Company. 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, 2016 and 2015, the Company adjusted the carrying value of the non-controlling interests by $2.3 million and $(2.3) million, 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, 2016 2015 Beginning Balance $ 15,955 $ 18,864 Initial McLean Plaza Noncontrolling Interest-Net - (615 ) Change in Redemption Value 2,298 (2,294 ) Ending Balance $ 18,253 $ 15,955

INVESTMENTS IN AND ADVANCES TO

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	12 Months Ended
	Oct. 31, 2016
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES	(7) INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES At October 31, 2016 and 2015, 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, 2016 2015 Chestnut Ridge and Plaza 59 Shopping Centers (50.0%) $ 18,200 $ 18,248 Gateway Plaza (50%) 7,160 7,186 Putnam Plaza Shopping Center (66.67%) 5,970 6,686 Midway Shopping Center, L.P. (11.642%) 4,856 5,144 Applebee's at Riverhead (50%) 1,560 1,318 81 Pondfield Road Company (20%) 723 723 Total $ 38,469 $ 39,305 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 198,500 square foot Gateway is subject to a $13.1 million non-recourse first mortgage. The mortgage has a term of ten 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 grocery anchored 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 $6.2 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 $29.3 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 grocery store. Putnam Plaza has a first mortgage payable in the amount of $19.5 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, 2016
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	(8) 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 Cumulative 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 Supplementary to the Charter, the holders of the Series F Preferred Stock will have the right to convert all or part of the shares of Series F Preferred Stock held by such holders on the applicable conversion date into a number of the Company's shares of Class A Common Stock. Underwriting commissions and costs incurred in connection with the sale of the Series F Preferred Stock are reflected as a reduction of additional paid in capital. The Series G Cumulative Preferred Stock is nonvoting, has no stated maturity and is redeemable for cash at $25 In November 2014, we redeemed all of the outstanding shares of our 7.5% Series D Cumulative Preferred Stock with a liquidation preference $25 per share. As a result 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. Common Stock In July and August 2016, the Company sold 3,162,500 shares of Class A Common Stock in an underwritten follow-on common stock offering for $23.29 per share and raised net proceeds of $73.7 million. 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 2016, the Company issued 4,988 shares of Common Stock and 5,854 shares of Class A Common Stock (5,326 shares of Common Stock and 6,104 shares of Class A Common Stock in fiscal 2015) through the DRIP. As of October 31, 2016, there remained 347,639 shares of Common Stock and 404,315 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. The Company has repurchased 4,600 shares of Common Stock and 913,331 shares of Class A Common Stock under the Program. For the year ended October 31, 2016, the Company did not repurchase any shares under the Program.

STOCK COMPENSATION AND OTHER BE

STOCK COMPENSATION AND OTHER BENEFIT PLANS	12 Months Ended
	Oct. 31, 2016
STOCK COMPENSATION AND OTHER BENEFIT PLANS [Abstract]
STOCK COMPENSATION AND OTHER BENEFIT PLANS	(9) 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. In March 2016, the Stockholders of the Company approved an increase in the number of shares available for grant under the plan, as amended by 750,000 shares. The Plan, which is administered by the Company's compensation committee, authorizes grants of up to an aggregate of 4,500,000 shares of the Company's common equity consisting of 350,000 Common shares, 350,000 Class A Common shares and 3,800,000 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. In fiscal 2016, the Company awarded 152,100 shares of Common Stock and 95,600 shares of Class A Common Stock to participants in the Plan. The grant date fair value of restricted stock grants awarded to participants in 2016 was approximately $4.5 million. As of October 31, 2016, 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, 2016, 2015 and 2014, amounts charged to compensation expense totaled $4,426,000, $4,121,000 and $4,088,000, respectively. A summary of the status of the Company's non-vested restricted stock awards as of October 31, 2016, and changes during the year ended October 31, 2016 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, 2015 1,281,850 $ 16.58 373,850 $ 19.37 Granted 152,100 $ 17.95 95,600 $ 18.84 Vested (175,950 ) $ 16.35 (84,200 ) $ 18.64 Forfeited - $ - (650 ) $ 19.31 Non-vested at October 31, 2016 1,258,000 $ 16.77 384,600 $ 19.40 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 $187,000, $150,000 and $150,000 in each of the three years ended October 31, 2016, 2015 and 2014, 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, 2016
FAIR VALUE MEASUREMENTS [Abstract]
FAIR VALUE MEASUREMENTS	(10) FAIR VALUE MEASUREMENTS ASC Topic 820, "Fair Value Measurements and Disclosures," defines fair value as the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. ASC Topic 820's valuation techniques are based on observable or unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions. These two types of inputs have created the following fair value hierarchy: ● Level 1- Quoted prices for identical instruments in active markets ● Level 2- Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which significant value drivers are observable ● Level 3- Valuations derived from valuation techniques in which significant value drivers are unobservable The Company calculates the fair value of the redeemable noncontrolling interests based on either quoted market prices on national exchanges for those interests based on the Company's Class A Common stock or unobservable inputs considering the assumptions that market participants would make in pricing the obligations. The inputs used include an estimate of the fair value of the cash flow generated by the limited partnership or limited liability company in which the investor owns the joint venture units capitalized at prevailing market rates for properties with similar characteristics or located in similar areas. 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, 2016 and 2015, that the fair value associated with the "significant unobservable inputs" relating to the Company's risk of non-performance was insignificant to the overall fair value of the interest rate swap agreements and, as a result, the Company has determined that the relevant inputs for purposes of calculating the fair value of the interest rate swap agreements, in their entirety, were based upon "significant other observable inputs". The Company measures its redeemable noncontrolling interests and interest rate swap derivatives at fair value on a recurring basis. The fair value of these financial assets and liabilities was determined using the following inputs at October 31, 2016 and 2015 (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, 2016 Liabilities: Interest Rate Swap Agreements $ 1,304 $ - $ 1,304 $ - Redeemable noncontrolling interests $ 18,253 $ 14,407 $ - $ 3,846 Fiscal Year Ended October 31, 2015 Liabilities: Interest Rate Swap Agreements $ 1,230 $ - $ 1,230 $ - Redeemable noncontrolling interests $ 15,955 $ 13,104 $ - $ 2,851 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 market value measurements based upon Level 3 inputs changed from $2,851 at November 1, 2015 to $3,846 at October 31, 2016 as a result of a $995 increase in the redemption value of the Company's noncontrolling interest in Ironbound in accordance with the application of ASC Topic 810. Fair Value of Financial Instruments The carrying values of cash and cash equivalents, restricted cash, mortgage note receivable, tenant receivables, prepaid expenses, other assets, accounts payable and accrued expenses, are reasonable estimates of their fair values because of the short-term nature of these instruments. The carrying value of the Facility is deemed to be at fair value since the outstanding debt is directly tied to monthly LIBOR contracts. Mortgage notes payable that were assumed in property acquisitions were recorded at their fair value at the time they were assumed. The estimated fair value of mortgage notes payable and other loans was approximately $287 million and $266 million at October 31, 2016 and October 31, 2015, respectively. The estimated fair value of mortgage notes payable is based on discounting the future cash flows at a year-end risk adjusted borrowing rates 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, 2015, 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, 2016
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	(11) COMMITMENTS AND CONTINGENCIES In the normal course of business, from time to time, the Company is involved in legal actions relating to the ownership and operations of its properties. In management's opinion, the liabilities, if any, that may ultimately result from such legal actions are not expected to have a material adverse effect on the consolidated financial position, results of operations or liquidity of the Company. At October 31, 2016, the Company had commitments of approximately $5.3 million for tenant-related obligations.

QUARTERLY RESULTS OF OPERATIONS

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED)	12 Months Ended
	Oct. 31, 2016
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, 2016 and 2015 are as follows (in thousands, except per share data): Year Ended October 31, 2016 Year Ended October 31, 2015 Quarter Ended Quarter Ended Jan 31 Apr 30 Jul 31 Oct 31 Jan 31 Apr 30 Jul 31 Oct 31 Revenues $ 27,451 $ 29,166 $ 28,276 $ 31,899 $ 28,506 $ 30,050 $ 28,819 $ 27,937 Income from continuing operations $ 6,672 $ 8,556 $ 8,827 $ 10,550 $ 6,164 $ 7,478 $ 8,785 $ 27,785 Net Income Attributable to Urstadt Biddle Properties Inc. $ 6,447 $ 8,339 $ 8,610 $ 10,320 $ 6,011 $ 7,247 $ 8,441 $ 27,565 Preferred Stock Dividends (3,570 ) (3,570 ) (3,570 ) (3,570 ) (3,894 ) (3,570 ) (3,571 ) (3,570 ) Net Income Applicable to Common and Class A Common Stockholders $ 2,877 $ 4,769 $ 5,040 $ 6,750 $ 2,117 $ 3,677 $ 4,870 $ 23,995 Per Share Data: Net Income from Continuing Operations- Basic: Class A Common Stock $ 0.08 $ 0.13 $ 0.13 $ 0.16 $ 0.06 $ 0.11 $ 0.15 $ 0.72 Common Stock $ 0.09 $ 0.14 $ 0.15 $ 0.18 $ 0.06 $ 0.10 $ 0.13 $ 0.64 Net Income from Continuing Operations- Diluted: Class A Common Stock $ 0.08 $ 0.12 $ 0.13 $ 0.16 $ 0.06 $ 0.11 $ 0.14 $ 0.70 Common Stock $ 0.08 $ 0.14 $ 0.15 $ 0.18 $ 0.06 $ 0.10 $ 0.13 $ 0.62 Amounts may not equal full year results due to rounding.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Oct. 31, 2016
SUBSEQUENT EVENTS [Abstract]
SUBSEQUENT EVENTS	(13) SUBSEQUENT EVENTS On December 15, 2016, the Board of Directors of the Company declared cash dividends of $0.235 for each share of Common Stock and $0.265 for each share of Class A Common Stock. The dividends are payable on January 20, 2017 to stockholders of record on January 6, 2017. The Board of Directors also ratified the actions of the Company's compensation committee authorizing awards of 96,225 shares of Common Stock and 152,100 shares of Class A Common Stock to certain officers, directors and employees of the Company effective January 2, 2017, pursuant to the Company's restricted stock plan. The fair value of the shares awarded totaling $5.2 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, 2016
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION [Abstract]
SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION	URSTADT BIDDLE PROPERTIES INC. October 31, 2016 SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (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 Description and Location Encumbrances Land Building & Improvements Land Building & Improvements Land Building & Improvements Totals Accumulated Depreciation (b) Date Constructed/ Acquired Life on which depreciation for building and improvements in latest income statement is computed (c) Real Estate Subject to Operating Leases (a): Office Buildings: Greenwich, CT $ - $ 708 $ 1,641 $ - $ 341 $ 708 $ 1,982 $ 2,690 $ 759 2001 31.5 Greenwich, CT - 488 1,139 - 434 488 1,573 2,061 522 2000 31.5 Greenwich, CT - 570 2,359 - 700 570 3,059 3,629 1,420 1998 31.5 Greenwich, CT - 199 795 - 517 199 1,312 1,511 516 1993 31.5 Greenwich, CT - 111 444 - 294 111 738 849 344 1994 31.5 Bernardsville, NJ - 721 2,880 (24 ) (41 ) 697 2,839 3,536 298 2012 39 - 2,797 9,258 (24 ) 2,245 2,773 11,503 14,276 3,859 Retail Properties: Bronxville, NY - 60 239 95 776 155 1,015 1,170 185 2009 39 Yonkers, NY - 30 121 183 734 213 855 1,068 154 2009 39 Yonkers, NY - 30 121 85 341 115 462 577 83 2009 39 New Milford, CT - 2,114 8,456 71 586 2,185 9,042 11,227 1,959 2008 39 New Milford, CT 46 4,492 17,967 166 2,106 4,658 20,073 24,731 3,220 2010 39 Newark, NJ 10,788 5,252 21,023 - 1,623 5,252 22,646 27,898 4,980 2008 39 Waldwick, NJ - 1,266 5,064 - (1 ) 1,266 5,063 6,329 1,158 2007 39 Emerson NJ 536 3,633 14,531 - 1,524 3,633 16,055 19,688 4,049 2007 39 Monroe, CT - 765 3,060 - 135 765 3,195 3,960 795 2007 39 Pelham, NY - 1,694 6,843 - 148 1,694 6,991 8,685 1,849 2006 39 Stratford, CT 26,250 10,173 40,794 (94 ) 11,055 10,079 51,849 61,928 16,238 2005 39 Yorktown Heights, NY - 5,786 23,221 - 9,967 5,786 33,188 38,974 7,481 2005 39 Rye, NY - 909 3,637 - 439 909 4,076 4,985 1,316 2004 39 Rye, NY 1,374 483 1,930 - 8 483 1,938 2,421 620 2004 39 Rye, NY 619 239 958 - 87 239 1,045 1,284 373 2004 39 Rye, NY 1,411 695 2,782 - 20 695 2,802 3,497 894 2004 39 Somers, NY - 4,318 17,268 - 261 4,318 17,529 21,847 5,933 2003 39 Westport, CT 12 2,076 8,305 - 368 2,076 8,673 10,749 3,075 2003 39 White Plains, NY - 8,065 32,258 (1 ) 9,868 8,064 42,126 50,190 12,867 2003 39 Orange, CT - 2,320 10,564 - 1,483 2,320 12,047 14,367 4,606 2003 39 Stamford, CT 44,282 17,964 71,859 - 7,846 17,964 79,704 97,668 30,586 2002 39 Danbury, CT - 2,459 4,566 - 1,781 2,459 6,347 8,806 2,522 2002 39 Briarcliff, NY - 2,222 5,185 1,234 8,473 3,456 13,658 17,114 2,586 2001 40 Somers, NY - 1,833 7,383 - 1,055 1,833 8,438 10,271 4,393 1999 31.5 Briarcliff, NY - 380 1,531 - 357 380 1,888 2,268 913 1999 40 Briarcliff, NY 15,541 2,300 9,708 2 3,042 2,302 12,750 15,052 5,732 1998 40 Ridgefield, CT - 900 3,793 - 1,649 900 5,442 6,342 2,030 1998 40 Darien, CT 16,082 4,260 17,192 - 960 4,260 18,152 22,412 8,375 1998 40 Eastchester, NY - 1,500 6,128 - 2,734 1,500 8,862 10,362 3,725 1997 31 Danbury, CT 28 3,850 15,811 - 4,570 3,850 20,381 24,231 11,524 1995 31.5 Carmel, NY - 1,488 5,973 - 972 1,488 6,945 8,433 3,803 1995 31.5 Somers, NY - 821 2,600 - 607 821 3,207 4,028 1,611 1992 31.5 Wayne, NJ 215 2,492 9,966 - 1,835 2,492 11,801 14,293 6,511 1992 31 Newington, NH - 728 1,997 - 1,783 728 3,780 4,508 2,968 1979 40 Katonah, NY - 1,704 6,816 - 112 1,704 6,928 8,632 1,196 2010 39 Fairfield, CT - 3,393 13,574 153 1,238 3,546 14,812 18,358 1,817 2011 39 New Milford, CT - 2,168 8,672 - 57 2,168 8,729 10,897 1,250 2011 39 Eastchester, NY - 1,800 7,200 78 479 1,878 7,679 9,557 962 2012 39 Orangetown, NY 6,335 3,200 12,800 30 4,626 3,230 17,426 20,656 1,745 2012 39 Greenwich, CT 4,835 1,600 6,401 27 566 1,627 6,967 8,594 641 2013 39 Various - 1,134 4,928 79 325 1,213 5,253 6,466 644 2013 39 Greenwich, CT 6,031 1,998 7,994 53 275 2,051 8,269 10,320 722 2013 39 New Providence, NJ 19,514 6,970 27,880 463 3,032 7,433 30,912 38,345 2,916 2013 39 Chester, NJ - 570 2,280 (34 ) (137 ) 536 2,143 2,679 214 2012 39 Bethel, CT - 1,800 7,200 (18 ) (49 ) 1,782 7,151 8,933 519 2014 39 Bloomfield, NJ - 2,201 8,804 218 1,631 2,419 10,435 12,854 687 2014 39 Boonton, NJ 7,427 3,670 14,680 14 57 3,684 14,737 18,421 1,070 2014 39 Yonkers, NY 5,000 3,060 12,240 333 1,331 3,393 13,571 16,964 706 2014 39 Greenwich, CT 8,036 3,223 12,893 6 132 3,229 13,025 16,254 702 2014 40 Greenwich, CT 15,599 6,257 25,029 27 364 6,284 25,393 31,677 1,438 2014 40 Midland Park, NJ 21,105 8,740 34,960 (44 ) (6 ) 8,696 34,954 43,650 1,726 2015 39 Pompton Lakes, NJ 19,935 8,140 32,560 33 326 8,173 32,886 41,059 1,615 2015 39 Wyckoff, NJ 8,378 3,490 13,960 17 102 3,507 14,062 17,569 693 2015 39 Kinnelon, NJ 11,151 4,540 18,160 (29 ) 3,826 4,511 21,986 26,497 1,066 2015 39 Fort Lee, NJ - 798 3,192 (14 ) (56 ) 784 3,137 3,921 115 2015 39 Harrison, NY - 2,000 8,000 (10 ) 283 1,990 8,283 10,273 449 2015 39 Stamford, CT 22,486 9,068 36,260 - - 9,068 36,260 45,328 232 2016 39 Stamford, CT - 2,659 10,635 - - 2,659 10,635 13,294 - 2016 39 273,016 181,780 719,952 3,123 97,707 184,903 817,659 1,002,562 182,239 Total $ 273,016 $ 184,577 $ 729,210 $ 3,099 $ 99,952 $ 187,676 $ 829,162 $ 1,016,838 $ 186,098 URSTADT BIDDLE PROPERTIES INC. October 31, 2016 SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION - CONTINUED (In thousands) Year Ended October 31, NOTES: 2016 2015 2014 (a) RECONCILIATION OF REAL ESTATE - OWNED SUBJECT TO OPERATING LEASES Balance at beginning of year $ 941,690 $ 830,304 $ 732,159 Property improvements during the year 18,666 12,891 19,239 Properties acquired during the year 58,737 138,720 101,055 Properties sold during the year - (38,364 ) (20,299 ) Property assets fully depreciated and written off (2,255 ) (1,861 ) (1,850 ) Balance at end of year $ 1,016,838 $ 941,690 $ 830,304 (b) RECONCILIATION OF ACCUMULATED DEPRECIATION Balance at beginning of year $ 165,660 $ 161,187 $ 155,272 Provision during the year charged to income 22,693 22,096 18,721 Property sold during the year - (15,762 ) (10,956 ) Property assets fully depreciated and written off (2,255 ) (1,861 ) (1,850 ) Balance at end of year $ 186,098 $ 165,660 $ 161,187 (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 $846 million at October 31, 2016.

SCHEDULE IV - MORTGAGE LOANS ON

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE	12 Months Ended
	Oct. 31, 2016
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE [Abstract]
SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE	URSTADT BIDDLE PROPERTIES INC. OCTOBER 31, 2016 SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE (In thousands) FIRST MORTGAGE LOANS ON BUSINESS PROPERTIES (c) and (d): COL. A COL. B COL. C COL. D COL. E COL. F Description Interest Rate Final Maturity Date Periodic Payment Terms Remaining Face Amount of Mortgages (b) Carrying Amount of Mortgages (a) Coupon Effective Retail Property: Rockland County, NY 3.779 % 3.779 % October 10, 2017 Interest Only - Monthly $ 13,500 $ 13,500 TOTAL MORTGAGE LOANS ON REAL ESTATE $ 13,500 $ 13,500 Interest is one month LIBOR plus 3.25% per annum. NOTES TO SCHEDULE IV (a) Reconciliation of Mortgage Loans on Real Estate Year Ended October 31, 2016 2015 2014 Balance at beginning of period: $ - $ - $ - Additions during period: New mortgage loans 13,500 - - Deductions during the current period: Collections of principal and amortization of discounts - - - Balance at end of period: $ 13,500 $ - $ - (b) The aggregate cost basis for Federal income tax purposes is equal to the face amount of the mortgages (c) At October 31, 2016 no mortgage loans were delinquent in payment of currently due principal or interest. (d) There are no prior liens for any of the mortgage loans on real estate.

ORGANIZATION, BASIS OF PRESEN24

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 2016
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 2016 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, 2016. As of October 31, 2016, the fiscal tax years 2013 through and including 2015 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 year ended October 31, 2014. 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 $20.4 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 and 2014. In addition, the Company had previously entered into a contract to sell its White Plains property and in April 2016, the Company satisfied the remaining contingency under the sale contract and expects to close on the sale of the property in March 2017. In accordance with ASC 360-10-45, the White Plains asset met all of the criteria to be classified as held for sale beginning in April 2016, but because the net book value of the White Plains asset is insignificant to financial statement presentation, the Company will not include the asset as held for sale on the consolidated balance sheet for all periods presented. The combined operating results of the Springfield property, the Meriden property and the White Plains property, which are included in continuing operations, were as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ 5,638 $ 6,126 $ 12,411 Property operating expense (1,340 ) (3,244 ) (5,689 ) Depreciation and amortization (476 ) (1,787 ) (2,767 ) Net Income $ 3,822 $ 1,095 $ 3,955 In December 2013 (fiscal 2014), prior to the adoption of ASU 2014-08, which 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 year ended October 31, 2014. The operating results of the other property were insignificant to financial statement presentation and are not shown as discontinued operations. The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ - $ - $ 141 Property operating expense $ - $ - $ - Depreciation and amortization $ - $ - $ - Income from discontinued operations - - 141 Cash flows from discontinued operations for the fiscal years ended October 31, 2016, 2015 and 2014 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Cash flows from operating activities $ – $ – $ (13,131 ) 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 $3,703,000 and $3,108,000 as of October 31, 2016 and 2015, 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, 2016.
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, 2016 and 2015, approximately $16,829,000 and $15,570,000, 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, 2016 and 2015, tenant receivables in the accompanying consolidated balance sheets are shown net of allowances for doubtful accounts of $4,097,000 and $3,668,000, 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, 2016, 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, 2016, the Company had approximately $34.8 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 3.79% per annum. As of October 31, 2016 and 2015, the Company had a deferred liability of $1,726,000 and $1,230,000, 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. In addition, in June 2016, the Company entered into a $50 million mortgage loan commitment (see note 5) with a lender to refinance the Company's secured mortgage on its Ridgeway property located in Stamford, CT in July 2017. In conjunction with entering into the mortgage commitment, the Company simultaneously executed with the same lender an interest rate swap contract with a $50 million notional amount that will take effect on July 17, 2017 and will be co-terminus with the new Ridgeway mortgage loan. Such interest rate swap will convert the LIBOR-based variable rate on the new Ridgeway mortgage loan to a fixed annual rate of 3.398%. As of October 31, 2016, the Company had a deferred asset of $422,000 (included in prepaid expenses and other assets on the consolidated balance sheets) relating to the fair value of the Company's interest rate swap applicable to the Ridgeway mortgage loan. Charges and/or credits relating to the changes in fair values of such interest rate swap are made to other comprehensive (loss) 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, 2016 and 2015, accumulated other comprehensive loss consisted of net unrealized losses on interest rate swap agreements of approximately $1,304,000 and $1,230,000, respectively. Unrealized gains and losses included in other comprehensive (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 2014 and 2015 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 for all annual periods beginning after December 15, 2017 with early adoption permitted only as of annual reporting periods beginning after December 31, 2016, including interim periods within the reporting period. In March 2016, the FASB issued ASU 2016-08 as an amendment to ASU 2014-09, the amendment clarifies how to identify the unit of accounting for the principal versus agent evaluation, how to apply the control principle to certain types of arrangements, such as service transaction, and reframed the indicators in the guidance to focus on evidence that an entity is acting as a principal rather than as an agent. The Company is currently assessing the potential impact that the adoption of ASU 2014-09 and ASU 2016-08 will have on its consolidated financial statements. During April 2015, the FASB issued ASU No. 2015-03, "Interest - Imputation of Interest - Simplifying the Presentation of Debt Issuance Costs." ASU 2015-03 modifies the treatment of debt issuance costs from a deferred charge to a deduction of the carrying value of the financial liability. ASU 2015-03 is effective for annual 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 when adopted. In February 2016, the FASB issued ASU 2016-02, "Leases." ASU 2016-02 significantly changes the accounting for leases by requiring lessees to recognize assets and liabilities for leases greater than 12 months on their balance sheet. The lessor model stays substantially the same; however, there were modifications to conform lessor accounting with the lessee model, eliminating real estate specific guidance, further defining certain lease and non-lease components, and changing the definition of initial direct costs of leases requiring significantly more leasing related costs to be expensed upfront. ASU 2016-02 is effective for the Company in the first quarter of fiscal 2020, and we are currently assessing the impact this standard will have on the Company's consolidated financial statements. In March 2016, the FASB issued ASU 2016-09, "Compensation - Stock Compensation." ASU 2016-09 simplifies the accounting for share-based payment transactions, including a policy election option with respect to accounting for forfeitures either as they occur or estimating forfeitures (as is currently required), as well as increasing the amount an employer can withhold to cover income taxes on equity awards. ASU 2016-09 is effective for us in the first quarter of fiscal 2018, and we are currently assessing the impact this standard will have 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, 2016.

CONSOLIDATED JOINT VENTURES A25

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Policies)	12 Months Ended
	Oct. 31, 2016
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 as the limited liability members have the right to force redemption of their units by the Company. 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, 2016 and 2015, the Company adjusted the carrying value of the non-controlling interests by $2.3 million and $(2.3) million, respectively, with the corresponding adjustment recorded in stockholders' equity.

ORGANIZATION, BASIS OF PRESEN26

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2016
ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Operating Results for Discontinued Operations	The combined operating results of the Springfield property, the Meriden property and the White Plains property, which are included in continuing operations, were as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ 5,638 $ 6,126 $ 12,411 Property operating expense (1,340 ) (3,244 ) (5,689 ) Depreciation and amortization (476 ) (1,787 ) (2,767 ) Net Income $ 3,822 $ 1,095 $ 3,955 The following table summarizes revenues and expenses for the Company's discontinued operations (amounts in thousands): Year Ended October 31, 2016 2015 2014 Revenues $ - $ - $ 141 Property operating expense $ - $ - $ - Depreciation and amortization $ - $ - $ - Income from discontinued operations - - 141 Cash flows from discontinued operations for the fiscal years ended October 31, 2016, 2015 and 2014 are combined with the cash flows from operations within each of the three categories presented. Cash flows from discontinued operations are as follows (amounts in thousands): Year Ended October 31, 2016 2015 2014 Cash flows from operating activities $ – $ – $ (13,131 ) 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, 2016 2015 2014 Numerator Net income applicable to common stockholders – basic $ 4,142 $ 7,412 $ 11,401 Effect of dilutive securities: Restricted stock awards 236 431 723 Net income applicable to common stockholders – diluted $ 4,378 $ 7,843 $ 12,124 Denominator Denominator for basic EPS-weighted average common shares 8,241 8,059 7,801 Effect of dilutive securities: Restricted stock awards 669 669 735 Denominator for diluted EPS – weighted average common equivalent shares 8,910 8,728 8,536 Numerator Net income applicable to Class A common stockholders – basic $ 15,294 $ 27,247 $ 38,068 Effect of dilutive securities: Restricted stock awards (236 ) (431 ) (723 ) Net income applicable to Class A common stockholders – diluted $ 15,058 $ 26,816 $ 37,345 Denominator Denominator for basic EPS – weighted average Class A common shares 26,921 26,141 23,208 Effect of dilutive securities: Restricted stock awards 191 191 219 Denominator for diluted EPS – weighted average Class A common equivalent shares 27,112 26,332 23,427
Major Customers by Reporting Segments	Segment information about Ridgeway as required by ASC Topic 280 is included below: Year Ended October 31, 2016 2015 2014 Ridgeway Revenues 11.3% 11.7% 13.3% All Other Property Revenues 88.7% 88.3% 86.7% Consolidated Revenue 100.0% 100.0% 100.0% Year Ended October 31, 2016 2015 Ridgeway Assets 7.6% 8.4% All Other Property Assets 92.4% 91.6% 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, 2016, 2015 and 2014. Year Ended October 31, 2016 2015 2014 Ridgeway Percent Leased 98% 97% 99% Ridgeway Significant Tenants (by base rent): Year Ended October 31, 2016 2015 2014 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% 11% All Other Tenants at Ridgeway (Note 2) 56% 56% 56% 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.
Segment Reporting Information by Segment	Year Ended October 31, 2016 Income Statement (In Thousands): Ridgeway All Other Operating Segments Total Consolidated Revenues $ 13,192 $ 103,600 $ 116,792 Operating Expenses $ 3,649 $ 33,616 $ 37,265 Interest Expense $ 2,487 $ 10,496 $ 12,983 Depreciation and Amortization $ 2,468 $ 20,557 $ 23,025 Income from Continuing Operations $ 4,588 $ 30,017 $ 34,605 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 $ 25,021 $ 29,835 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 $ 23,981 $ 28,746

REAL ESTATE INVESTMENTS (Tables

REAL ESTATE INVESTMENTS (Tables)	12 Months Ended
	Oct. 31, 2016
REAL ESTATE INVESTMENTS [Abstract]
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, 2016 and 2015 (in thousands): Consolidated Investment Properties Unconsolidated Joint Ventures Mortgage Note Receivable 2016 Totals 2015 Totals Retail $ 820,323 $ 38,469 $ 13,500 $ 872,292 $ 804,954 Office 10,417 - - 10,417 10,381 $ 830,740 $ 38,469 $ 13,500 $ 882,709 $ 815,335

PROPERTIES (Tables)

PROPERTIES (Tables)	12 Months Ended
	Oct. 31, 2016
PROPERTIES [Abstract]
Components of Core Properties	The components of the properties consolidated in the financial statements are as follows (in thousands): October 31, 2016 2015 Land $ 187,676 $ 175,952 Buildings and improvements 829,162 765,738 1,016,838 941,690 Accumulated depreciation (186,098 ) (165,660 ) $ 830,740 $ 776,030

MORTGAGE NOTE RECEIVABLE (Table

MORTGAGE NOTE RECEIVABLE (Tables)	12 Months Ended
	Oct. 31, 2016
MORTGAGE NOTE RECEIVABLE [Abstract]
Principal Payments on Mortgage Note Receivable	Principal payments on the mortgage note receivable become due as follows: Fiscal Year Ended Amount October 31, (In thousands) 2017 $ 13,500 2018 - 2019 - 2020 - 2021 - Thereafter -

MORTGAGE NOTES PAYABLE, BANK 30

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Tables)	12 Months Ended
	Oct. 31, 2016
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 2017 $ 49,524 $ 6,057 $ 55,581 2018 - 5,221 5,221 2019 26,880 4,960 31,840 2020 - 4,506 4,506 2021 - 4,808 4,808 Thereafter 163,127 7,933 171,060 $ 239,531 $ 33,485 $ 273,016 The fiscal 2017 principal repayment amount above includes the $43.4 million mortgage balance that will be due on the Company's Ridgeway property, located in Stamford, CT, when that loan becomes prepayable in July 2017. The Company has already entered into a mortgage commitment to refinance the note with a new lender (see below).

CONSOLIDATED JOINT VENTURES A31

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Tables)	12 Months Ended
	Oct. 31, 2016
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, 2016 2015 Beginning Balance $ 15,955 $ 18,864 Initial McLean Plaza Noncontrolling Interest-Net - (615 ) Change in Redemption Value 2,298 (2,294 ) Ending Balance $ 18,253 $ 15,955

INVESTMENTS IN AND ADVANCES T32

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Tables)	12 Months Ended
	Oct. 31, 2016
INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES [Abstract]
Investments in and Advances to Unconsolidated Joint Ventures	At October 31, 2016 and 2015, 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, 2016 2015 Chestnut Ridge and Plaza 59 Shopping Centers (50.0%) $ 18,200 $ 18,248 Gateway Plaza (50%) 7,160 7,186 Putnam Plaza Shopping Center (66.67%) 5,970 6,686 Midway Shopping Center, L.P. (11.642%) 4,856 5,144 Applebee's at Riverhead (50%) 1,560 1,318 81 Pondfield Road Company (20%) 723 723 Total $ 38,469 $ 39,305

STOCK COMPENSATION AND OTHER 33

STOCK COMPENSATION AND OTHER BENEFIT PLANS (Tables)	12 Months Ended
	Oct. 31, 2016
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, 2016, and changes during the year ended October 31, 2016 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, 2015 1,281,850 $ 16.58 373,850 $ 19.37 Granted 152,100 $ 17.95 95,600 $ 18.84 Vested (175,950 ) $ 16.35 (84,200 ) $ 18.64 Forfeited - $ - (650 ) $ 19.31 Non-vested at October 31, 2016 1,258,000 $ 16.77 384,600 $ 19.40

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Oct. 31, 2016
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, 2016 and 2015 (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, 2016 Liabilities: Interest Rate Swap Agreements $ 1,304 $ - $ 1,304 $ - Redeemable noncontrolling interests $ 18,253 $ 14,407 $ - $ 3,846 Fiscal Year Ended October 31, 2015 Liabilities: Interest Rate Swap Agreements $ 1,230 $ - $ 1,230 $ - Redeemable noncontrolling interests $ 15,955 $ 13,104 $ - $ 2,851

QUARTERLY RESULTS OF OPERATIO35

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Tables)	12 Months Ended
	Oct. 31, 2016
QUARTERLY RESULTS OF OPERATIONS [Abstract]
Quarterly Financial Information	The unaudited quarterly results of operations for the years ended October 31, 2016 and 2015 are as follows (in thousands, except per share data): Year Ended October 31, 2016 Year Ended October 31, 2015 Quarter Ended Quarter Ended Jan 31 Apr 30 Jul 31 Oct 31 Jan 31 Apr 30 Jul 31 Oct 31 Revenues $ 27,451 $ 29,166 $ 28,276 $ 31,899 $ 28,506 $ 30,050 $ 28,819 $ 27,937 Income from continuing operations $ 6,672 $ 8,556 $ 8,827 $ 10,550 $ 6,164 $ 7,478 $ 8,785 $ 27,785 Net Income Attributable to Urstadt Biddle Properties Inc. $ 6,447 $ 8,339 $ 8,610 $ 10,320 $ 6,011 $ 7,247 $ 8,441 $ 27,565 Preferred Stock Dividends (3,570 ) (3,570 ) (3,570 ) (3,570 ) (3,894 ) (3,570 ) (3,571 ) (3,570 ) Net Income Applicable to Common and Class A Common Stockholders $ 2,877 $ 4,769 $ 5,040 $ 6,750 $ 2,117 $ 3,677 $ 4,870 $ 23,995 Per Share Data: Net Income from Continuing Operations- Basic: Class A Common Stock $ 0.08 $ 0.13 $ 0.13 $ 0.16 $ 0.06 $ 0.11 $ 0.15 $ 0.72 Common Stock $ 0.09 $ 0.14 $ 0.15 $ 0.18 $ 0.06 $ 0.10 $ 0.13 $ 0.64 Net Income from Continuing Operations- Diluted: Class A Common Stock $ 0.08 $ 0.12 $ 0.13 $ 0.16 $ 0.06 $ 0.11 $ 0.14 $ 0.70 Common Stock $ 0.08 $ 0.14 $ 0.15 $ 0.18 $ 0.06 $ 0.10 $ 0.13 $ 0.62 Amounts may not equal full year results due to rounding.

ORGANIZATION, BASIS OF PRESEN36

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) shares in Thousands, ft² in Millions		1 Months Ended			3 Months Ended								12 Months Ended
		Aug. 31, 2015USD ($)	Sep. 30, 2014USD ($)	Dec. 31, 2013USD ($)Property	Oct. 31, 2016USD ($)ft²Property	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2016USD ($)ft²Propertyshares	Oct. 31, 2015USD ($)shares	Oct. 31, 2014USD ($)shares
Business [Abstract]
Number of properties the Company owned or had equity interest in | Property					75								75
Gross leasable area of properties the Company owned or had equity interest in | ft²					5								5
Federal Income Taxes [Abstract]
Minimum real estate trust taxable income required to be distributed for REIT to be nontaxable													90.00%
Property Held for Sale and Discontinued Operations [Abstract]
Gain on sale of properties													$ 0	$ 20,377,000	$ 36,872,000
Revenues					$ 31,899,000	$ 28,276,000	$ 29,166,000	$ 27,451,000	$ 27,937,000	$ 28,819,000	$ 30,050,000	$ 28,506,000	116,792,000	115,312,000	102,328,000
Depreciation and amortization													(23,025,000)	(22,435,000)	(19,249,000)
Net Income													34,605,000	50,212,000	65,758,000
Deferred Charges [Abstract]
Accumulated amortization of deferred charges					3,703,000				3,108,000				3,703,000	3,108,000
Revenue Recognition [Abstract]
Rents receivable					$ 16,829,000				15,570,000				$ 16,829,000	15,570,000
Allowance of doubtful accounts against tenants receivables, percentage of deferred straight-line rents receivable					10.00%								10.00%
Tenants receivable, allowance for doubtful accounts					$ 4,097,000				3,668,000				$ 4,097,000	3,668,000
Provision for uncollectible tenants receivable													1,161,000	1,271,000	917,000
Derivative Financial Instruments [Abstract]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	[1],[2]				13,500,000								13,500,000
Comprehensive income [Abstract]
Net unrealized losses on an interest rate swap agreement included in accumulated other comprehensive income					1,304,000				1,230,000				1,304,000	1,230,000
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic					6,750,000	$ 5,040,000	$ 4,769,000	$ 2,877,000	23,995,000	$ 4,870,000	$ 3,677,000	$ 2,117,000	19,436,000	34,659,000	49,469,000
Discontinued Operations, Disposed of by Sale [Member]
Property Held for Sale and Discontinued Operations [Abstract]
Number of non-core real estate properties sold | Property				2
Number of core properties held for sale | Property				1
Sale price of property sold				$ 18,100,000
Gain on sale of properties				$ 12,500,000
Property operating expense													0	0	0
Revenues													0	0	141,000
Property operating expense													0	0	0
Depreciation and amortization													0	0	0
Income from discontinued operations													0	0	141,000
Cash flows from operating activities													0	0	(13,131,000)
Cash flows from investing activities													0	0	14,314,000
Cash flows from financing activities													0	0	0
Class A Common Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic													15,294,000	27,247,000	38,068,000
Stock awards													(236,000)	(431,000)	(723,000)
Net income applicable to common stockholders - diluted													$ 15,058,000	$ 26,816,000	$ 37,345,000
Denominator for basic EPS - weighted average common shares (in shares) | shares													26,921	26,141	23,208
Restricted stock awards (in shares) | shares													191	191	219
Denominator for diluted EPS - weighted average common equivalent shares (in shares) | shares													27,112	26,332	23,427
Minimum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service													2,013
Maximum [Member]
Income Tax Contingency [Line Items]
Tax years remaining open to examination by Internal Revenue Service													2,015
Real Estate Investment Properties [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life													30 years
Real Estate Investment 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
Common Stock [Member]
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income applicable to common stockholders - basic													$ 4,142,000	$ 7,412,000	$ 11,401,000
Stock awards													236,000	431,000	723,000
Net income applicable to common stockholders - diluted													$ 4,378,000	$ 7,843,000	$ 12,124,000
Denominator for basic EPS - weighted average common shares (in shares) | shares													8,241	8,059	7,801
Restricted stock awards (in shares) | shares													669	669	735
Denominator for diluted EPS - weighted average common equivalent shares (in shares) | shares													8,910	8,728	8,536
Interest Rate Swap [Member]
Derivative Financial Instruments [Abstract]
Mortgage loans subject to interst rate swap					$ 34,800,000								$ 34,800,000
Average fixed annual rate on interest rate swap					3.79%								3.79%
Deferred liabilities relating to fair value of interest rate swap					$ 1,726,000				$ 1,230,000				$ 1,726,000	$ 1,230,000
Ridgeway Mortgage Refinanced Loan [Member]
Derivative Financial Instruments [Abstract]
Average fixed annual rate on interest rate swap					3.398%								3.398%
Deferred assets relating to fair value of interest rate swap					$ 422,000								$ 422,000
Derivative, Nonmonetary Notional Amount					50,000,000								50,000,000
Ridgeway Existing Mortgage [Member]
Derivative Financial Instruments [Abstract]
Mortgage Loans on Real Estate, Carrying Amount of Mortgages					$ 50,000,000								$ 50,000,000
Accounting Standards Update 2014-08 [Member] | Springfield Property and Meriden Property [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property Held for Sale and Discontinued Operations [Abstract]
Revenues													5,638,000	6,126,000	$ 12,411,000
Property operating expense													(1,340,000)	(3,244,000)	(5,689,000)
Depreciation and amortization													(476,000)	(1,787,000)	(2,767,000)
Net Income													3,822,000	1,095,000	3,955,000
Property operating expense													$ 1,340,000	$ 3,244,000	$ 5,689,000
Accounting Standards Update 2014-08 [Member] | Springfield, MA [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property Held for Sale and Discontinued Operations [Abstract]
Sale price of property sold			$ 31,000,000
Gain on sale of properties			$ 24,300,000
Accounting Standards Update 2014-08 [Member] | Meriden, CT [Member] | Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member]
Property Held for Sale and Discontinued Operations [Abstract]
Sale price of property sold		$ 44,500,000
Gain on sale of properties		$ 20,400,000
[1]	At October 31, 2016 no mortgage loans were delinquent in payment of currently due principal or interest.
[2]	There are no prior liens for any of the Mortgage Loans on Real Estate.

ORGANIZATION, BASIS OF PRESEN37

ORGANIZATION, BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Segment Reporting (Details) $ in Thousands		3 Months Ended								12 Months Ended
		Oct. 31, 2016USD ($)ft²	Jul. 31, 2016USD ($)	Apr. 30, 2016USD ($)	Jan. 31, 2016USD ($)	Oct. 31, 2015USD ($)	Jul. 31, 2015USD ($)	Apr. 30, 2015USD ($)	Jan. 31, 2015USD ($)	Oct. 31, 2016USD ($)ft²Segment	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
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 | ft²		5,000,000								5,000,000
Segment Reporting Information [Line Items]
Revenues		$ 31,899	$ 28,276	$ 29,166	$ 27,451	$ 27,937	$ 28,819	$ 30,050	$ 28,506	$ 116,792	$ 115,312	$ 102,328
Operating expenses										37,265	39,491	35,923
Interest expense										12,983	13,475	10,235
Depreciation and amortization										23,025	22,435	19,249
Income from continuing operations		$ 10,550	$ 8,827	$ 8,556	$ 6,672	$ 27,785	$ 8,785	$ 7,478	$ 6,164	$ 34,605	$ 29,835	$ 28,746
Ridgeway [Member]
Revenue, Major Customer [Line Items]
Gross leasable area of properties the Company owned or had equity interest in | ft²		374,000								374,000
Percent leased										98.00%	97.00%	99.00%
Segment Reporting Information [Line Items]
Revenues										$ 13,192	$ 13,485	$ 13,599
Operating expenses										3,649	3,768	3,859
Interest expense										2,487	2,545	2,601
Depreciation and amortization										2,468	2,358	2,374
Income from continuing operations										4,588	4,814	4,765
All Other Operating Segments [Member]
Segment Reporting Information [Line Items]
Revenues										103,600	101,827	88,729
Operating expenses										33,616	35,723	32,064
Interest expense										10,496	10,930	7,634
Depreciation and amortization										20,557	20,077	16,875
Income from continuing operations										$ 30,017	$ 25,021	$ 23,981
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										11.30%	11.70%	13.30%
Sales Revenue, Services, Net [Member] | All Other Operating Segments [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										88.70%	88.30%	86.70%
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										7.60%	8.40%
Assets, Total [Member] | All Other Operating Segments [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										92.40%	91.60%
Base Rent [Member] | Customer Concentration Risk [Member] | Ridgeway [Member]
Revenue, Major Customer [Line Items]
Concentration risk, percentage										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%	11.00%
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%	56.00%
[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, 2016USD ($)PropertyInvestment	Oct. 31, 2015USD ($)
Schedule of Investments [Line Items]
Properties owned or have equity interests | Property	75
Real estate investments	$ 882,709	$ 815,335
Number of mortgage note receivables | Investment	1
Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	$ 872,292	804,954
Office [Member]
Schedule of Investments [Line Items]
Real estate investments	10,417	$ 10,381
Core Properties [Member]
Schedule of Investments [Line Items]
Real estate investments	830,740
Core Properties [Member] | Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	820,323
Core Properties [Member] | Office [Member]
Schedule of Investments [Line Items]
Real estate investments	10,417
Unconsolidated Joint Venture [Member]
Schedule of Investments [Line Items]
Real estate investments	38,469
Unconsolidated Joint Venture [Member] | Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	38,469
Unconsolidated Joint Venture [Member] | Office [Member]
Schedule of Investments [Line Items]
Real estate investments	0
Mortgage Receivable [Member]
Schedule of Investments [Line Items]
Real estate investments	13,500
Mortgage Receivable [Member] | Retail [Member]
Schedule of Investments [Line Items]
Real estate investments	13,500
Mortgage Receivable [Member] | Office [Member]
Schedule of Investments [Line Items]
Real estate investments	$ 0

PROPERTIES (Details)

PROPERTIES (Details)	12 Months Ended
	Oct. 31, 2016USD ($)ft²	Oct. 31, 2015USD ($)ft²Property	Oct. 31, 2014USD ($)
Business Acquisition [Line Items]
Acquisition related costs	$ 412,000	$ 2,068,000	$ 666,000
Amortization of above-market and below-market leases	157,000	415,000	$ 410,000
Capital improvements to properties and leasing costs	21,500,000
Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	1,016,838,000	941,690,000
Accumulated depreciation	(186,098,000)	(165,660,000)
Properties, net	830,740,000	$ 776,030,000
Rental payments on non-cancelable operating leases [Abstract]
Minimum rental payments on non-cancelable operating leases in the consolidated core properties	491,500,000
2,017	82,100,000
2,018	71,600,000
2,019	63,000,000
2,020	53,800,000
2,021	44,500,000
Thereafter	$ 176,500,000
Core Properties [Member] | Maximum [Member]
Rental payments on non-cancelable operating leases [Abstract]
Additional rent based on tenant revenue, as percent of consolidated revenues	1.00%	1.00%
Land [Member] | Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	$ 187,676,000	$ 175,952,000
Buildings and Improvements [Member] | Core Properties [Member]
Property, Plant and Equipment [Line Items]
Gross properties	829,162,000	765,738,000
NJ Retail Properties [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price		124,600,000
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]
Increase (Decrease) in Fair Value Adjustments on Other Assets (Liabilities) Carried at Fair Value under Fair Value Option		$ 166,000
970 High Ridge Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price	13,300,000
Acquisition related costs	$ 61,000
Area of real estate property acquired | ft²	27,000
Newfield Green Property [Member]
Business Acquisition [Line Items]
Business Combination - Property Acquisition Purchase Price	$ 45,300,000
Acquisition related costs	$ 185,000
Area of real estate property acquired | ft²	72,000
Estimated fair value of first mortgage secured by property	$ 22,700,000
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)
Properties Under Contract to Purchase [Member]
Business Acquisition [Line Items]
Acquisition Equity Needed	17,100,000
White Plains Property [Member]
Business Acquisition [Line Items]
Extension rent received	4,800,000
Deposit received from purchaser on property sale	$ 11,900,000

MORTGAGE NOTE RECEIVABLE (Detai

MORTGAGE NOTE RECEIVABLE (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Mortgage Note Receivable [Abstract]
Originated loan		$ 13,500	$ 0	$ 0
Mortgage Note Receivable [Member]
Mortgage Note Receivable [Abstract]
Originated loan	$ 13,500
Maturity date	Oct. 10, 2017
Principal Payments Due [Abstract]
2,017	$ 13,500	13,500
2,018	0	0
2,019	0	0
2,020	0	0
2,021	0	0
Thereafter	$ 0	$ 0
Mortgage Note Receivable [Member] | LIBOR [Member]
Mortgage Note Receivable [Abstract]
Term of variable rate	1 month
Interest rate margin	3.25%	3.25%

MORTGAGE NOTES PAYABLE, BANK 41

MORTGAGE NOTES PAYABLE, BANK LINES OF CREDIT AND OTHER LOANS (Details)		12 Months Ended
		Oct. 31, 2016USD ($)PropertyBank	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)	Jul. 17, 2017USD ($)
Debt Instrument [Line Items]
Real estate pledged as collateral at fair value		$ 482,800,000
Real estate investments held as collateral		482,800,000
Principal Repayments [Abstract]
2,017		49,524,000
2,018		0
2,019		26,880,000
2,020		0
2,021		0
Thereafter		163,127,000
Total principal repayments		239,531,000
Scheduled Amortization [Abstract]
2,017		6,057,000
2,018		5,221,000
2,019		4,960,000
2,020		4,506,000
2,021		4,808,000
Thereafter		7,933,000
Total scheduled amortization		33,485,000
Total [Abstract]
2,017		55,581,000
2,018		5,221,000
2,019		31,840,000
2,020		4,506,000
2,021		4,808,000
Thereafter		171,060,000
Total principal and scheduled amortization of debt		273,016,000	$ 260,457,000
Interest paid		13,100,000	13,400,000	$ 10,300,000
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	[1],[2]	$ 13,500,000
Minimum [Member]
Debt Instrument [Line Items]
Effective interest rate		2.80%
Maximum [Member]
Debt Instrument [Line Items]
Effective interest rate		6.60%
BNY, Wells Fargo, Bank of Montreal and Regions Bank [Member] | Unsecured Revolving Credit Agreement [Member]
Total [Abstract]
Maximum borrowing capacity		$ 80,000,000
Number of syndicated banks | Bank		4
Option, maximum borrowing capacity		$ 125,000,000
Maturity date		Sep. 21, 2016
Optional extension period of credit facility		1 year
Borrowing on unsecured revolving credit facility used to finance investment		$ 52,000,000	104,800,000
Repayments of borrowings on facility		66,800,000	97,600,000
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member]
Total [Abstract]
Maximum borrowing capacity		$ 100,000,000
Number of syndicated banks | Bank		3
Option, maximum borrowing capacity		$ 150,000,000
Maturity date		Aug. 23, 2020
Optional extension period of credit facility		1 year
Covenant compliance		The Company was in compliance with such covenants at October 31, 2016.
Unsecured revolving line of credit capacity at year end		$ 92,000,000
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Minimum [Member]
Total [Abstract]
Commitment fee		0.15%
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Maximum [Member]
Total [Abstract]
Commitment fee		0.25%
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar Rate Basis [Member] | Minimum [Member]
Total [Abstract]
Basis spread on variable rate		1.35%
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Eurodollar Rate Basis [Member] | Maximum [Member]
Total [Abstract]
Basis spread on variable rate		1.95%
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Prime Rate Basis [Member] | Minimum [Member]
Total [Abstract]
Basis spread on variable rate		0.35%
BNY, Wells Fargo and Bank of Montreal [Member] | Unsecured Revolving Credit Agreement [Member] | Prime Rate Basis [Member] | Maximum [Member]
Total [Abstract]
Basis spread on variable rate		0.95%
BNY, Wells Fargo and Bank of Montreal [Member] | Letter of Credit [Member]
Total [Abstract]
Maximum borrowing capacity		$ 10,000,000
First Mortgage [Member] | Retail Properties [Member]
Total [Abstract]
Estimated fair value of first mortgage secured by property		$ 62,700,000
Stated interest rate		3.85%
Maturity date		Jan. 31, 2027
Monthly mortgage payment		$ 294,000
First Mortgage [Member] | Bloomfield [Member]
Total [Abstract]
Estimated fair value of first mortgage secured by property		7,500,000
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
First Mortgage [Member] | Greenwich Commons and Cos Cob Plaza [Member]
Total [Abstract]
Estimated fair value of first mortgage secured by property		7,200,000
First Mortgage [Member] | Newfield Green [Member]
Total [Abstract]
Estimated fair value of first mortgage secured by property		$ 22,700,000
Stated interest rate		3.89%
First Mortgage [Member] | Ridgeway [Member]
Total [Abstract]
Balloon payment at maturity					$ 43,400,000
Estimated fair value of first mortgage secured by property		$ 44,000,000
Maturity date		Jul. 17, 2017
Refinanced First Mortgage [Member] | McLean Plaza Associates [Member]
Total [Abstract]
Estimated fair value of first mortgage secured by property			$ 5,000,000
Stated interest rate			3.70%
Maturity date			Nov. 30, 2024
Refinanced First Mortgage [Member] | Greenwich Commons and Cos Cob Plaza [Member]
Total [Abstract]
Basis spread on variable rate		2.00%
Estimated fair value of first mortgage secured by property		$ 11,000,000
Number of properties used to secure mortgage loan | Property		2
Loan term		10 years
Benchmark interest rate		LIBOR
Stated interest rate		3.475%
Refinanced First Mortgage [Member] | Ridgeway [Member]
Total [Abstract]
Basis spread on variable rate		1.90%
Estimated fair value of first mortgage secured by property		$ 50,000,000
Loan term		10 years
Benchmark interest rate		LIBOR
Stated interest rate		3.398%
[1]	At October 31, 2016 no mortgage loans were delinquent in payment of currently due principal or interest.
[2]	There are no prior liens for any of the Mortgage Loans on Real Estate.

CONSOLIDATED JOINT VENTURES A42

CONSOLIDATED JOINT VENTURES AND REDEEMABLE NONCONTROLLING INTERESTS (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2016USD ($)Propertyshares	Oct. 31, 2015USD ($)	Oct. 31, 2014USD ($)
Business Acquisition [Line Items]
Number of real estate joint venture investments | Property	3
Redeemable non-controlling interests [Roll Forward]
Increase (decrease) in carrying value of noncontrolling interest	$ 2,300	$ (2,300)
Beginning Balance	15,955	18,864
Initial McLean Plaza noncontrolling interest	0	(615)
Change in Redemption Value	2,298	(2,294)	$ 887
Ending Balance	$ 18,253	$ 15,955	$ 18,864
UB Ironbound, LP ("Ironbound") [Member]
Business Acquisition [Line Items]
Ownership interest	84.00%
UB Orangeburg, LLC [Member]
Business Acquisition [Line Items]
Ownership interest	34.00%	2.92%
Additional investment in consolidated joint venture	$ 4,200
UB Orangeburg, LLC [Member] | Class A Common Stock [Member]
Business Acquisition [Line Items]
Number of shares of common stock included in calculation of regular quarterly cash distribution equivalent to annual cash distribution to non-managing member of subsidiary (in shares) | shares	1
McLean Plaza Associates, LLC [Member]
Business Acquisition [Line Items]
Ownership interest	53.00%
Fixed annual distribution	5.05%

INVESTMENTS IN AND ADVANCES T43

INVESTMENTS IN AND ADVANCES TO UNCONSOLIDATED JOINT VENTURES (Details) $ in Thousands	12 Months Ended
	Oct. 31, 2016USD ($)ft²Subsidiary	Oct. 31, 2015USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 38,469	$ 39,305
Non-recourse first mortgage payable	273,016	260,457
Chestnut Ridge and Plaza 59 Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 18,200	18,248
Number of wholly-owned subsidiaries involved in acquisition of properties | Subsidiary	2
Gateway Plaza [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 7,160	7,186
Area of property | ft²	198,500
Stated interest rate	4.20%
Percentage of voting interests acquired	50.00%
In-line space | ft²	27,000
Non-recourse first mortgage payable	$ 13,100
Term of first mortgage	10 years
Newly constructed pad site square feet | ft²	3,500
Walmart in Gateway Plaza Shopping Center [Member]
Schedule of Equity Method Investments [Line Items]
Area of property | ft²	168,000
Midway Shopping Center, L.P. [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 4,856	5,144
Ownership interest	11.642%
Area of property | ft²	247,000
Percentage of voting interests acquired	25.00%
Excess of carrying amount over underlying equity allocated to real property	$ 6,200
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	4.80%
Non-recourse first mortgage payable	$ 29,300
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	$ 5,970	6,686
Area of property | ft²	189,000
Percentage of voting interests acquired	66.67%
Putnam Plaza Shopping Center [Member] | Non-recourse First Mortgage Payable [Member]
Schedule of Equity Method Investments [Line Items]
Stated interest rate	4.17%
First mortgage secured by property, estimated fair value	$ 19,500
Maturity date of debt	Dec. 31, 2019
Applebee's at Riverhead [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 1,560	1,318
Area of property | ft²	5,400
Percentage of voting interests acquired	50.00%
Newly constructed pad site square feet | ft²	7,200
Pad site square feet leased | ft²	7,200
81 Pondfield Road Company [Member]
Schedule of Equity Method Investments [Line Items]
Investments in and advances to unconsolidated joint ventures	$ 723	$ 723
Percentage of voting interests acquired	20.00%
Gateway Plaza and Applebee's at Riverhead [Member]
Schedule of Equity Method Investments [Line Items]
Number of wholly-owned subsidiaries involved in acquisition of properties | Subsidiary	2
Chestnut Ridge [Member]
Schedule of Equity Method Investments [Line Items]
Area of property | ft²	76,000
Percentage of voting interests acquired	50.00%
Plaza 59 Shopping Centers [Member]
Schedule of Equity Method Investments [Line Items]
Area of property | ft²	24,000
Percentage of voting interests acquired	50.00%

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Jan. 31, 2016	Oct. 31, 2016USD ($)QuarterDirector$ / sharesshares	Oct. 31, 2015USD ($)$ / sharesshares	Oct. 31, 2014USD ($)$ / sharesshares
Class of Stock [Line Items]
Shares authorized (in shares)		200,000,000	200,000,000
Excess stock, shares authorized (in shares)		20,000,000	20,000,000
Repayment of unsecured revolving credit facility | $		$ 66,750	$ 97,550	$ 58,750
Proceeds from issuance of common stock | $		$ 73,842	$ 59,983	248
Excess stock issuance threshold ownership percentage		7.50%	7.50%
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 0	$ 4,640	$ 67,795
Minimum [Member]
Class of Stock [Line Items]
Class A Common Stock dividend per share to Common Stock dividend per share		110.00%	110.00%
Common Stock [Member]
Class of Stock [Line Items]
Shares issued under the dividend reinvestment plan (in shares)		4,988	5,326
Common Stock [Member] | Common Shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		30,000,000	30,000,000
Voting rights per share		100.00%	100.00%
Shares issued under the dividend reinvestment plan (in shares)		4,988	5,326	6,347
Common Stock available for issuance (in shares)		347,639
Common Stock [Member] | Class A Common Shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		100,000,000	100,000,000
Shares issued (in shares)		3,162,500	2,875,000
Share Price (in dollars per share) | $ / shares		$ 23.29	$ 20.82
Proceeds from issuance of common stock | $		$ 73,700	$ 59,700
Voting rights per share		5.00%	5.00%
Shares issued under the dividend reinvestment plan (in shares)		5,854	6,104	6,811
Common Stock available for issuance (in shares)		404,315
Common Stock [Member] | Class A Common Shares or Common Shares [Member]
Class of Stock [Line Items]
Common stock, shares authorized (in shares)			100,000,000
Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)		50,000,000	50,000,000
Preferred Stock [Member] | Series D Senior Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Redemption price (in dollars per share) | $ / shares				$ 25
Preferred stock, dividend rate		7.50%	7.50%	7.50%
Payments of Stock Issuance Costs | $				$ 1,870
Preferred Stock [Member] | Series F Cumulative Preferred Stock [Member]
Class of Stock [Line Items]
Redemption price (in dollars per share) | $ / shares		$ 25
Preferred stock, dividend rate	7.125%	7.125%	7.125%	7.125%
Number of quarters with cumulative arrearage of quarterly dividends to trigger the election of additional board members by holders of preferred stock | Quarter		6
Number of directors redeemable preferred stockholders are entitled to elect | Director		2
Preferred Stock [Member] | 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
Value of common shares as a multiple of the exercise price of the right		200.00%
Preferred Stock [Member] | Series A Participating Preferred Stock [Member] | Minimum [Member]
Class of Stock [Line Items]
Percentage of combined voting power of Common Shares to trigger rights distribution		10.00%
Percentage of ownership offer to trigger rights distribution		30.00%
Percentage of assets sold or transferred to trigger stock purchase rights		50.00%
Preferred Stock [Member] | Series G Senior Redeemable Preferred Stock [Member]
Class of Stock [Line Items]
Redemption price (in dollars per share) | $ / shares		$ 25
Preferred stock, dividend rate	6.75%	6.75%	6.75%	6.75%
Number of quarters with cumulative arrearage of quarterly dividends to trigger the election of additional board members by holders of preferred stock | Quarter		6
Number of directors redeemable preferred stockholders are entitled to elect | Director		2

STOCKHOLDERS' EQUITY, Share Rep

STOCKHOLDERS' EQUITY, Share Repurchase Program (Details)	Oct. 31, 2016shares
Current Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares authorized for repurchase (in shares)	2,000,000
Common Shares [Member] | Original Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased to date (in shares)	4,600
Class A Common Shares [Member] | Original Program [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares repurchased to date (in shares)	913,331

STOCK COMPENSATION AND OTHER 46

STOCK COMPENSATION AND OTHER BENEFIT PLANS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Mar. 24, 2016
Savings Plan [Abstract]
Company contributions to 401K Plan	$ 187,000	$ 150,000	$ 150,000
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	4,500,000
Unamortized restricted stock compensation	$ 12,700,000
Weighted average period for recognizing unamortized expense	4 years 8 months 12 days
Compensation expense	$ 4,426,000	$ 4,121,000	$ 4,088,000
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)	1,281,850
Granted (in shares)	152,100
Vested (in shares)	(175,950)
Forfeited (in shares)	0
Non-vested, end of period (in shares)	1,258,000	1,281,850
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Non-vested, beginning of period (in dollars per share)	$ 16.58
Granted (in dollars per share)	17.95
Vested (in dollars per share)	16.35
Forfeited (in dollars per share)	0
Non-vested, end of period (in dollars per share)	$ 16.77	$ 16.58
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)	373,850
Granted (in shares)	95,600
Vested (in shares)	(84,200)
Forfeited (in shares)	(650)
Non-vested, end of period (in shares)	384,600	373,850
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Non-vested, beginning of period (in dollars per share)	$ 19.37
Granted (in dollars per share)	18.84
Vested (in dollars per share)	18.64
Forfeited (in dollars per share)	19.31
Non-vested, end of period (in dollars per share)	$ 19.40	$ 19.37
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)	4,500,000
Restricted Stock Plan [Member]
Non-vested shares, weighted-average grant-date fair value [Roll forward]
Increase in restricted stock authorized				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)	3,800,000

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2013
Redeemable Noncontrolling Interest [Line Items]
Increase (decrease) in redemption value of noncontrolling interest	$ 2,298,000	$ (2,294,000)	$ 887,000
Mortgage notes payable	287,000,000	266,000,000
Fair Value, Measurements, Recurring [Member]
Liabilities:
Interest Rate Swap Agreement	1,304,000	1,230,000
Liabilities:
Redeemable noncontrolling interests	18,253,000	15,955,000
Fair Value, Measurements, Recurring [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Liabilities:
Interest Rate Swap Agreement	0	0
Liabilities:
Redeemable noncontrolling interests	14,407,000	13,104,000
Fair Value, Measurements, Recurring [Member] | Significant Other Observable Inputs (Level 2) [Member]
Liabilities:
Interest Rate Swap Agreement	1,304,000	1,230,000
Liabilities:
Redeemable noncontrolling interests	0	0
Fair Value, Measurements, Recurring [Member] | Significant Unobservable Inputs (Level 3) [Member]
Liabilities:
Interest Rate Swap Agreement	0	0
Liabilities:
Redeemable noncontrolling interests	3,846,000	2,851,000		$ 9,062,000
UB Ironbound, LP ("Ironbound") [Member]
Redeemable Noncontrolling Interest [Line Items]
Increase (decrease) in redemption value of noncontrolling interest	$ 995	(77)
McLean Plaza Associates, LLC [Member]
Redeemable Noncontrolling Interest [Line Items]
Transfer to Level 1		$ 6,134,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	12 Months Ended
	Oct. 31, 2016USD ($)
COMMITMENTS AND CONTINGENCIES [Abstract]
Commitments for tenant related obligations	$ 5.3

QUARTERLY RESULTS OF OPERATIO49

QUARTERLY RESULTS OF OPERATIONS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Oct. 31, 2016	Jul. 31, 2016	Apr. 30, 2016	Jan. 31, 2016	Oct. 31, 2015	Jul. 31, 2015	Apr. 30, 2015	Jan. 31, 2015	Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Class of Stock [Line Items]
Revenues	$ 31,899	$ 28,276	$ 29,166	$ 27,451	$ 27,937	$ 28,819	$ 30,050	$ 28,506	$ 116,792	$ 115,312	$ 102,328
Income From Continuing Operations	10,550	8,827	8,556	6,672	27,785	8,785	7,478	6,164	34,605	29,835	28,746
Net income attributable to Urstadt Biddle Properties Inc.	10,320	8,610	8,339	6,447	27,565	8,441	7,247	6,011	33,716	49,264	65,151
Preferred stock dividends	(3,570)	(3,570)	(3,570)	(3,570)	(3,570)	(3,571)	(3,570)	(3,894)	(14,280)	(14,605)	(13,812)
Redemption of preferred stock									0	0	(1,870)
Net Income Applicable to Common and Class A Common Stockholders	$ 6,750	$ 5,040	$ 4,769	$ 2,877	$ 23,995	$ 4,870	$ 3,677	$ 2,117	19,436	34,659	49,469
Per Share Data [Abstract]
Common (in dollars per share)	$ 0.18	$ 0.15	$ 0.14	$ 0.09	$ 0.64	$ 0.13	$ 0.10	$ 0.06
Diluted Earnings Per Share [Abstract]
Common (in dollars per share)	0.18	0.15	0.14	0.08	0.62	0.13	0.10	0.06
Class A Common Stock [Member]
Class of Stock [Line Items]
Net Income Applicable to Common and Class A Common Stockholders									$ 15,294	$ 27,247	$ 38,068
Per Share Data [Abstract]
Common (in dollars per share)	0.16	0.13	0.13	0.08	0.72	0.15	0.11	0.06	$ 0.57	$ 1.04	$ 1.64
Diluted Earnings Per Share [Abstract]
Common (in dollars per share)	$ 0.16	$ 0.13	$ 0.12	$ 0.08	$ 0.70	$ 0.14	$ 0.11	$ 0.06	0.56	1.02	1.59
Common Stock [Member]
Per Share Data [Abstract]
Common (in dollars per share)									0.50	0.92	1.46
Diluted Earnings Per Share [Abstract]
Common (in dollars per share)									$ 0.49	$ 0.90	$ 1.42

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - USD ($) $ / shares in Units, $ in Millions	Dec. 17, 2015	Oct. 31, 2016
Subsequent Event [Line Items]
Fair value of shares awarded	$ 5.2
Common Stock [Member]
Subsequent Event [Line Items]
Number of shares awarded (in shares)	96,225
Class A Common Shares [Member]
Subsequent Event [Line Items]
Number of shares awarded (in shares)	152,100
Dividend Declared [Member] | Common Stock [Member]
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.2350
Dividends payable, date to be paid		Jan. 20, 2017
Dividends payable, record date		Jan. 6, 2017
Dividend Declared [Member] | Class A Common Shares [Member]
Subsequent Event [Line Items]
Cash dividends declared (in dollars per share)	$ 0.2650
Dividends payable, date to be paid		Jan. 20, 2017
Dividends payable, record date		Jan. 6, 2017

SCHEDULE III - REAL ESTATE AN51

SCHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014	Oct. 31, 2016
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					$ 273,016
Initial Cost to Company [Abstract]
Land					184,577
Building & Improvements					729,210
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					3,099
Building & Improvements					99,952
Amount at which Carried at Close of Period [Abstract]
Land					187,676
Building & Improvements					829,162
TOTAL		$ 1,016,838	$ 830,304	$ 830,304	1,016,838
Accumulated Depreciation		186,098	165,660	155,272	186,098
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at beginning of the year		941,690	830,304	732,159
Property improvements during the year		18,666	12,891	19,239
Properties acquired during the year		58,737	138,720	101,055
Properties sold during the year		0	(38,364)	(20,299)
Property assets fully depreciated and written off		(2,255)	(1,861)	(1,850)
Balance at end of year		1,016,838	941,690	830,304
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at beginning of year		165,660	161,187	155,272
Provision during the year charged to income		22,693	22,096	18,721
Property sold during the year		0	(15,762)	(10,956)
Property assets fully depreciated and written off		(2,255)	(1,861)	(1,850)
Balance at end of year		186,098	$ 165,660	$ 161,187
Property, Plant and Equipment [Line Items]
Aggregate cost for federal income tax purposes for real estate subject to operating leases					846,000
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		$ 214			214
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		214
Midland Park, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					21,105
Initial Cost to Company [Abstract]
Land					8,740
Building & Improvements					34,960
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(44)
Building & Improvements					(6)
Amount at which Carried at Close of Period [Abstract]
Land					8,696
Building & Improvements					34,954
TOTAL		43,650			43,650
Accumulated Depreciation		$ 1,726			1,726
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		$ 43,650
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,726
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					283
Amount at which Carried at Close of Period [Abstract]
Land					1,990
Building & Improvements					8,283
TOTAL		10,273			10,273
Accumulated Depreciation		$ 449			449
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		$ 10,273
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		449
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					(56)
Amount at which Carried at Close of Period [Abstract]
Land					784
Building & Improvements					3,137
TOTAL		3,921			3,921
Accumulated Depreciation		$ 115			115
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		115
Wyckoff, NJ [Member} [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					8,378
Initial Cost to Company [Abstract]
Land					3,490
Building & Improvements					13,960
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					17
Building & Improvements					102
Amount at which Carried at Close of Period [Abstract]
Land					3,507
Building & Improvements					14,062
TOTAL		17,569			17,569
Accumulated Depreciation		$ 693			693
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		$ 17,569
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		693
Kinnelon, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					11,151
Initial Cost to Company [Abstract]
Land					4,540
Building & Improvements					18,160
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(29)
Building & Improvements					3,826
Amount at which Carried at Close of Period [Abstract]
Land					4,511
Building & Improvements					21,986
TOTAL		26,497			26,497
Accumulated Depreciation		$ 1,066			1,066
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		$ 26,497
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,066
Pompton Lakes, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					19,935
Initial Cost to Company [Abstract]
Land					8,140
Building & Improvements					32,560
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					33
Building & Improvements					326
Amount at which Carried at Close of Period [Abstract]
Land					8,173
Building & Improvements					32,886
TOTAL		41,059			41,059
Accumulated Depreciation		$ 1,615			1,615
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		$ 41,059
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,615
Stamford, Ct - Newfield [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					22,486
Initial Cost to Company [Abstract]
Land					9,068
Building & Improvements					36,260
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements					0
Amount at which Carried at Close of Period [Abstract]
Land					9,068
Building & Improvements					36,260
TOTAL		45,328			45,328
Accumulated Depreciation		$ 232			232
Date Constructed/Acquired		2,016
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		$ 45,328
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		232
Stamford, CT - High Ridge [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,659
Building & Improvements					10,635
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements					0
Amount at which Carried at Close of Period [Abstract]
Land					2,659
Building & Improvements					10,635
TOTAL		13,294			13,294
Accumulated Depreciation		$ 0			0
Date Constructed/Acquired		2,016
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		$ 13,294
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		0
Retail Properties [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					273,016
Initial Cost to Company [Abstract]
Land					181,780
Building & Improvements					719,952
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					3,123
Building & Improvements	[1]				97,707
Amount at which Carried at Close of Period [Abstract]
Land					184,903
Building & Improvements					817,659
TOTAL		1,002,562			1,002,562
Accumulated Depreciation		182,239			182,239
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		1,002,562
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		182,239
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					(49)
Amount at which Carried at Close of Period [Abstract]
Land					1,782
Building & Improvements					7,151
TOTAL		8,933			8,933
Accumulated Depreciation		$ 519			519
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		$ 8,933
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		519
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		$ 706			706
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		706
Retail Properties [Member] | Boonton, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					7,427
Initial Cost to Company [Abstract]
Land					3,670
Building & Improvements					14,680
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					14
Building & Improvements					57
Amount at which Carried at Close of Period [Abstract]
Land					3,684
Building & Improvements					14,737
TOTAL		18,421			18,421
Accumulated Depreciation		$ 1,070			1,070
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		$ 18,421
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,070
Retail Properties [Member] | Bloomfield, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,201
Building & Improvements					8,804
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					218
Building & Improvements					1,631
Amount at which Carried at Close of Period [Abstract]
Land					2,419
Building & Improvements					10,435
TOTAL		12,854			12,854
Accumulated Depreciation		$ 687			687
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		$ 12,854
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		687
Retail Properties [Member] | Greenwich, CT 7 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					15,599
Initial Cost to Company [Abstract]
Land					6,257
Building & Improvements					25,029
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					27
Building & Improvements					364
Amount at which Carried at Close of Period [Abstract]
Land					6,284
Building & Improvements					25,393
TOTAL		31,677			31,677
Accumulated Depreciation		$ 1,438			1,438
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		$ 31,677
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,438
Retail Properties [Member] | Greenwich, CT 6 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					8,036
Initial Cost to Company [Abstract]
Land					3,223
Building & Improvements					12,893
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					6
Building & Improvements					132
Amount at which Carried at Close of Period [Abstract]
Land					3,229
Building & Improvements					13,025
TOTAL		16,254			16,254
Accumulated Depreciation		$ 702			702
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		$ 16,254
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		702
Retail Properties [Member] | Greenwich, CT 1 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					4,835
Initial Cost to Company [Abstract]
Land					1,600
Building & Improvements					6,401
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					27
Building & Improvements	[1]				566
Amount at which Carried at Close of Period [Abstract]
Land					1,627
Building & Improvements	[2]				6,967
TOTAL		8,594			8,594
Accumulated Depreciation		$ 641			641
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		$ 8,594
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		641
Retail Properties [Member] | Greenwich, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					6,031
Initial Cost to Company [Abstract]
Land					1,998
Building & Improvements					7,994
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					53
Building & Improvements					275
Amount at which Carried at Close of Period [Abstract]
Land					2,051
Building & Improvements					8,269
TOTAL		10,320			10,320
Accumulated Depreciation		$ 722			722
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		$ 10,320
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		722
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		$ 185			185
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		185
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		$ 154			154
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		154
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		$ 83			83
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		83
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]				586
Amount at which Carried at Close of Period [Abstract]
Land					2,185
Building & Improvements	[2]				9,042
TOTAL		11,227			11,227
Accumulated Depreciation		$ 1,959			1,959
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		$ 11,227
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,959
Retail Properties [Member] | New Milford, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					46
Initial Cost to Company [Abstract]
Land					4,492
Building & Improvements					17,967
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					166
Building & Improvements	[1]				2,106
Amount at which Carried at Close of Period [Abstract]
Land					4,658
Building & Improvements	[2]				20,073
TOTAL		24,731			24,731
Accumulated Depreciation		$ 3,220			3,220
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		$ 24,731
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,220
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]				57
Amount at which Carried at Close of Period [Abstract]
Land					2,168
Building & Improvements	[2]				8,729
TOTAL		10,897			10,897
Accumulated Depreciation		$ 1,250			1,250
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		$ 10,897
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,250
Retail Properties [Member] | Newark, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					10,788
Initial Cost to Company [Abstract]
Land					5,252
Building & Improvements					21,023
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,623
Amount at which Carried at Close of Period [Abstract]
Land					5,252
Building & Improvements	[2]				22,646
TOTAL		27,898			27,898
Accumulated Depreciation		$ 4,980			4,980
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		$ 27,898
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,980
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]				(1)
Amount at which Carried at Close of Period [Abstract]
Land					1,266
Building & Improvements	[2]				5,063
TOTAL		6,329			6,329
Accumulated Depreciation		$ 1,158			1,158
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		$ 6,329
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,158
Retail Properties [Member] | Emerson, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					536
Initial Cost to Company [Abstract]
Land					3,633
Building & Improvements					14,531
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,524
Amount at which Carried at Close of Period [Abstract]
Land					3,633
Building & Improvements	[2]				16,055
TOTAL		19,688			19,688
Accumulated Depreciation		$ 4,049			4,049
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		$ 19,688
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,049
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		$ 795			795
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		795
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]				148
Amount at which Carried at Close of Period [Abstract]
Land					1,694
Building & Improvements	[2]				6,991
TOTAL		8,685			8,685
Accumulated Depreciation		$ 1,849			1,849
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		$ 8,685
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,849
Retail Properties [Member] | Stratford,CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					26,250
Initial Cost to Company [Abstract]
Land					10,173
Building & Improvements					40,794
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(94)
Building & Improvements	[1]				11,055
Amount at which Carried at Close of Period [Abstract]
Land					10,079
Building & Improvements	[2]				51,849
TOTAL		61,928			61,928
Accumulated Depreciation		$ 16,238			16,238
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		$ 61,928
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		16,238
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]				9,967
Amount at which Carried at Close of Period [Abstract]
Land					5,786
Building & Improvements	[2]				33,188
TOTAL		38,974			38,974
Accumulated Depreciation		$ 7,481			7,481
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		$ 38,974
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		7,481
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]				439
Amount at which Carried at Close of Period [Abstract]
Land					909
Building & Improvements	[2]				4,076
TOTAL		4,985			4,985
Accumulated Depreciation		$ 1,316			1,316
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		$ 4,985
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,316
Retail Properties [Member] | Rye, NY 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					1,374
Initial Cost to Company [Abstract]
Land					483
Building & Improvements					1,930
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				8
Amount at which Carried at Close of Period [Abstract]
Land					483
Building & Improvements	[2]				1,938
TOTAL		2,421			2,421
Accumulated Depreciation		$ 620			620
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		$ 2,421
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		620
Retail Properties [Member] | Rye, NY 3 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					619
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		$ 373			373
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		373
Retail Properties [Member] | Rye, NY 4 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					1,411
Initial Cost to Company [Abstract]
Land					695
Building & Improvements					2,782
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				20
Amount at which Carried at Close of Period [Abstract]
Land					695
Building & Improvements	[2]				2,802
TOTAL		3,497			3,497
Accumulated Depreciation		$ 894			894
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		$ 3,497
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		894
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]				261
Amount at which Carried at Close of Period [Abstract]
Land					4,318
Building & Improvements	[2]				17,529
TOTAL		21,847			21,847
Accumulated Depreciation		$ 5,933			5,933
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		$ 21,847
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		5,933
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]				368
Amount at which Carried at Close of Period [Abstract]
Land					2,076
Building & Improvements	[2]				8,673
TOTAL		10,749			10,749
Accumulated Depreciation		$ 3,075			3,075
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		$ 10,749
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,075
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]				9,868
Amount at which Carried at Close of Period [Abstract]
Land					8,064
Building & Improvements	[2]				42,126
TOTAL		50,190			50,190
Accumulated Depreciation		$ 12,867			12,867
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		$ 50,190
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		12,867
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]				1,483
Amount at which Carried at Close of Period [Abstract]
Land					2,320
Building & Improvements	[2]				12,047
TOTAL		14,367			14,367
Accumulated Depreciation		$ 4,606			4,606
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		$ 14,367
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,606
Retail Properties [Member] | Stamford, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					44,282
Initial Cost to Company [Abstract]
Land					17,964
Building & Improvements					71,859
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				7,846
Amount at which Carried at Close of Period [Abstract]
Land					17,964
Building & Improvements	[2]				79,704
TOTAL		97,668			97,668
Accumulated Depreciation		$ 30,586			30,586
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		$ 97,668
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		30,586
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]				1,781
Amount at which Carried at Close of Period [Abstract]
Land					2,459
Building & Improvements	[2]				6,347
TOTAL		8,806			8,806
Accumulated Depreciation		$ 2,522			2,522
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		$ 8,806
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,522
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]				8,473
Amount at which Carried at Close of Period [Abstract]
Land					3,456
Building & Improvements	[2]				13,658
TOTAL		17,114			17,114
Accumulated Depreciation		$ 2,586			2,586
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		$ 17,114
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,586
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]				1,055
Amount at which Carried at Close of Period [Abstract]
Land					1,833
Building & Improvements	[2]				8,438
TOTAL		10,271			10,271
Accumulated Depreciation		$ 4,393			4,393
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		$ 10,271
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		4,393
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		$ 913			913
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		913
Retail Properties [Member] | Briarcliff, NY 4 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					15,541
Initial Cost to Company [Abstract]
Land					2,300
Building & Improvements					9,708
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					2
Building & Improvements	[1]				3,042
Amount at which Carried at Close of Period [Abstract]
Land					2,302
Building & Improvements	[2]				12,750
TOTAL		15,052			15,052
Accumulated Depreciation		$ 5,732			5,732
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		$ 15,052
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		5,732
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]				1,649
Amount at which Carried at Close of Period [Abstract]
Land					900
Building & Improvements	[2]				5,442
TOTAL		6,342			6,342
Accumulated Depreciation		$ 2,030			2,030
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		$ 6,342
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,030
Retail Properties [Member] | Darien, CT [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					16,082
Initial Cost to Company [Abstract]
Land					4,260
Building & Improvements					17,192
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				960
Amount at which Carried at Close of Period [Abstract]
Land					4,260
Building & Improvements	[2]				18,152
TOTAL		22,412			22,412
Accumulated Depreciation		$ 8,375			8,375
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		$ 22,412
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		8,375
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]				2,734
Amount at which Carried at Close of Period [Abstract]
Land					1,500
Building & Improvements	[2]				8,862
TOTAL		10,362			10,362
Accumulated Depreciation		$ 3,725			3,725
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		$ 10,362
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,725
Retail Properties [Member] | Danbury, CT 2 [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					28
Initial Cost to Company [Abstract]
Land					3,850
Building & Improvements					15,811
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				4,570
Amount at which Carried at Close of Period [Abstract]
Land					3,850
Building & Improvements	[2]				20,381
TOTAL		24,231			24,231
Accumulated Depreciation		$ 11,524			11,524
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		$ 24,231
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		11,524
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]				972
Amount at which Carried at Close of Period [Abstract]
Land					1,488
Building & Improvements	[2]				6,945
TOTAL		8,433			8,433
Accumulated Depreciation		$ 3,803			3,803
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		$ 8,433
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,803
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]				607
Amount at which Carried at Close of Period [Abstract]
Land					821
Building & Improvements	[2]				3,207
TOTAL		4,028			4,028
Accumulated Depreciation		$ 1,611			1,611
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		$ 4,028
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,611
Retail Properties [Member] | Wayne, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					215
Initial Cost to Company [Abstract]
Land					2,492
Building & Improvements					9,966
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					0
Building & Improvements	[1]				1,835
Amount at which Carried at Close of Period [Abstract]
Land					2,492
Building & Improvements	[2]				11,801
TOTAL		14,293			14,293
Accumulated Depreciation		$ 6,511			6,511
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		$ 14,293
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		6,511
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]				1,783
Amount at which Carried at Close of Period [Abstract]
Land					728
Building & Improvements	[2]				3,780
TOTAL		4,508			4,508
Accumulated Depreciation		$ 2,968			2,968
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		$ 4,508
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,968
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]				112
Amount at which Carried at Close of Period [Abstract]
Land					1,704
Building & Improvements	[2]				6,928
TOTAL		8,632			8,632
Accumulated Depreciation		$ 1,196			1,196
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		$ 8,632
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,196
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]				479
Amount at which Carried at Close of Period [Abstract]
Land					1,878
Building & Improvements	[2]				7,679
TOTAL		9,557			9,557
Accumulated Depreciation		$ 962			962
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		$ 9,557
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		962
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]				1,238
Amount at which Carried at Close of Period [Abstract]
Land					3,546
Building & Improvements	[2]				14,812
TOTAL		18,358			18,358
Accumulated Depreciation		$ 1,817			1,817
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		$ 18,358
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,817
Retail Properties [Member] | Orangeburg NY [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					6,335
Initial Cost to Company [Abstract]
Land					3,200
Building & Improvements					12,800
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					30
Building & Improvements	[1]				4,626
Amount at which Carried at Close of Period [Abstract]
Land					3,230
Building & Improvements	[2]				17,426
TOTAL		20,656			20,656
Accumulated Depreciation		$ 1,745			1,745
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		$ 20,656
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,745
Retail Properties [Member] | New Providence Property [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					19,514
Initial Cost to Company [Abstract]
Land					6,970
Building & Improvements					27,880
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					463
Building & Improvements					3,032
Amount at which Carried at Close of Period [Abstract]
Land					7,433
Building & Improvements					30,912
TOTAL		38,345			38,345
Accumulated Depreciation		$ 2,916			2,916
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		$ 38,345
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		2,916
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					79
Building & Improvements					325
Amount at which Carried at Close of Period [Abstract]
Land					1,213
Building & Improvements					5,253
TOTAL		6,466			6,466
Accumulated Depreciation		$ 644			644
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		$ 6,466
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		644
Office Buildings [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					2,797
Building & Improvements					9,258
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(24)
Building & Improvements					2,245
Amount at which Carried at Close of Period [Abstract]
Land					2,773
Building & Improvements					11,503
TOTAL		14,276			14,276
Accumulated Depreciation		3,859			3,859
RECONCILIATION OF REAL ESTATE OWNED SUBJECT TO OPERATING LEASES [Roll Forward]
Balance at end of year		14,276
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		3,859
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]				341
Amount at which Carried at Close of Period [Abstract]
Land					708
Building & Improvements	[2]				1,982
TOTAL		2,690			2,690
Accumulated Depreciation		$ 759			759
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		$ 2,690
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		759
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]				434
Amount at which Carried at Close of Period [Abstract]
Land					488
Building & Improvements	[2]				1,573
TOTAL		2,061			2,061
Accumulated Depreciation		$ 522			522
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		$ 2,061
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		522
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]				700
Amount at which Carried at Close of Period [Abstract]
Land					570
Building & Improvements	[2]				3,059
TOTAL		3,629			3,629
Accumulated Depreciation		$ 1,420			1,420
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		$ 3,629
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		1,420
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]				517
Amount at which Carried at Close of Period [Abstract]
Land					199
Building & Improvements	[2]				1,312
TOTAL		1,511			1,511
Accumulated Depreciation		$ 516			516
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		$ 1,511
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		516
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]				294
Amount at which Carried at Close of Period [Abstract]
Land					111
Building & Improvements	[2]				738
TOTAL		849			849
Accumulated Depreciation		$ 344			344
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		$ 849
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		344
Office Buildings [Member] | Bernardsville, NJ [Member]
Real Estate and Accumulated Depreciation [Line Items]
Encumbrances					0
Initial Cost to Company [Abstract]
Land					721
Building & Improvements					2,880
Cost Capitalized Subsequent to Acquisition [Abstract]
Land					(24)
Building & Improvements					(41)
Amount at which Carried at Close of Period [Abstract]
Land					697
Building & Improvements					2,839
TOTAL		3,536			3,536
Accumulated Depreciation		$ 298			$ 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		$ 3,536
RECONCILIATION OF ACCUMULATED DEPRECIATION [Roll Forward]
Balance at end of year		$ 298
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.

SCHEDULE IV - MORTGAGE LOANS 52

SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE (Details) - USD ($) $ in Thousands		12 Months Ended
		Oct. 31, 2016	Oct. 31, 2015	Oct. 31, 2014
Mortgage Loans on Real Estate [Line Items]
Remaining face amount of mortgages	[1]	$ 13,500
Carrying amount of mortgage	[2],[3]	13,500
Reconciliation of Mortgage Loans on Real Estate [Roll Forward]
Balance at beginning of period		0	$ 0	$ 0
Deductions during the current period [Abstract]
Collections of principal and amortization of discounts		0	0	0
Mortgage Loans on Real Estate, New Mortgage Loans		13,500	0	0
Balance at end of period		$ 13,500	$ 0	$ 0
First Mortgage Loans on Business Properties [Member] | Retail Store [Member]
Mortgage Loans on Real Estate [Line Items]
Description		Rockland County, NY
Coupon interest rate		3.779%
Effective interest rate		3.779%
Final maturity date		Oct. 10, 2017
Periodic payment terms		Interest Only - Monthly
Remaining face amount of mortgages	[1]	$ 13,500
Carrying amount of mortgage	[2],[3]	$ 13,500
[1]	The aggregate cost basis for Federal income tax purposes is equal to the face amount of the mortgages.
[2]	At October 31, 2016 no mortgage loans were delinquent in payment of currently due principal or interest.
[3]	There are no prior liens for any of the Mortgage Loans on Real Estate.