First Real Estate Investment Trust of New Jersey (FREVS) 10-K 14 Jan 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Oct. 31, 2013	Jan. 14, 2014	Apr. 30, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY	'	'
Entity Central Index Key	'0000036840	'	'
Document Type	'10-K	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Document Period End Date	31-Oct-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--10-31	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Accelerated Filer	'	'
Entity Public Float	'	'	$99,000,000
Entity Common Stock, Shares Outstanding	'	6,921,743	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Oct. 31, 2013	Oct. 31, 2012
In Thousands, unless otherwise specified
ASSETS	'	'
Real estate, at cost, net of accumulated depreciation	$205,451	$207,982
Construction in progress	12,092	6,102
Cash and cash equivalents	7,801	10,610
Tenants' security accounts	1,435	1,659
Receivables arising from straight-lining of rents	4,259	4,272
Accounts receivable, net of allowance for doubtful accounts	2,602	2,675
Secured loans receivable	3,323	3,323
Prepaid expenses and other assets	3,366	3,464
Acquired over market leases and in-place lease costs	27	60
Deferred charges, net	2,915	2,153
Interest rate swap contract	980	'
Total Assets	244,251	242,300
Liabilities:	'	'
Mortgages payable	199,423	200,420
Deferred trustee compensation plan	7,813	6,712
Accounts payable and accrued expenses, including taxes payable of $1,965 at October 31, 2012.	5,656	4,136
Dividends payable	4,582	1,389
Tenants' security deposits	2,118	2,325
Deferred revenue	854	1,143
Total Liabilities	220,446	216,125
Commitments and contingencies (Note 7)	'	'
Common equity:	'	'
Shares of beneficial interest without par value: 8,000,000 shares authorized; 6,993,152 shares issued	24,969	24,969
Treasury stock, at cost: 51,009 shares	-1,135	-1,135
Dividends in excess of net income	-9,651	-6,270
Accumulated other comprehensive income	686	'
Total common equity	14,869	17,564
Noncontrolling interests in subsidiaries	8,936	8,611
Total equity	23,805	26,175
Total Liabilities and Equity	$244,251	$242,300

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Oct. 31, 2013	Oct. 31, 2012
In Thousands, except Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Taxes payable	'	$1,965
Shares of benefical interest, authorized	8,000,000	8,000,000
Shares of benefical interest, issued	6,993,152	6,993,152
Treasury stock at cost, shares	51,009	51,009

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012		Oct. 31, 2011
Revenue:	'	'		'
Rental income	$35,819	$36,440		$36,739
Reimbursements	5,006	4,843		5,374
Income relating to early lease termination	'	2,950		'
Sundry income	512	795		488
[RealEstateRevenueNet]	41,337	45,028		42,601
Expenses:	'	'		'
Operating expenses	10,374	10,118		10,330
Management fees	1,849	1,863		1,879
Real estate taxes	7,527	7,611		6,758
Depreciation	6,233	6,171		6,054
Deferred project cost write-off	'	3,726		'
[OperatingExpenses]	25,983	29,489		25,021
Operating income	15,354	15,539		17,580
Investment income	191	173		101
Interest expense including amortization of deferred financing costs	-11,945	-11,704		-11,452
Income from continuing operations	3,600	4,008		6,229
Income from discontinued operations	797	460		484
Gain on sale of discontinued operations (net of tax of $1,965 in fiscal 2012)	3,545	7,528	[1],[2]	'
Net income	7,942	11,996		6,713
Net income attributable to noncontrolling interests in subsidiaries	-493	-645		-1,335
Net income attributable to common equity	7,449	11,351		5,378
Earnings per share - basic:	'	'		'
Continuing operations	$0.45	$0.49		$0.70
Discontinued operations	$0.62	$1.15		$0.07
Net income attributable to common equity	$1.07	$1.64		$0.77
Weighted average shares outstanding-basic	6,942,000	6,942,000		6,942,000
Amounts attributable to common equity:	'	'		'
Income from continuing operations	3,107	3,363		4,894
Income from discontinued operations	4,342	7,988		484
Net income attributable to common equity	$7,449	$11,351		$5,378
[1]	Gain on sale of discontinued operation shown net of tax.
[2]	Represents gain of $9,493 net of federal and state tax of $1,965.

CONSOLIDATED_STATEMENTS_OF_INC1

CONSOLIDATED STATEMENTS OF INCOME (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2012
Income Statement [Abstract]	'
Tax on sale of discontinued operations	$1,965

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Statement of Comprehensive Income [Abstract]	'	'	'
Net income	$7,942	$11,996	$6,713
Other comprehensive income:	'	'	'
Unrealized gain on interest rate swap contract	980	'	'
Comprehensive income (loss)	8,922	11,996	6,713
Net income attributable to noncontrolling interests	-493	-645	-1,335
Other comprehensive income:	'	'	'
Unrealized gain on interest rate swap contract attributable to noncontrolling interests	-294	'	'
Comprehensive income attributable to noncontrolling interests	-787	-645	-1,335
Comprehensive income attributable to common equity	$8,135	$11,351	$5,378

CONSOLIDATED_STATEMENT_OF_EQUI

CONSOLIDATED STATEMENT OF EQUITY (USD $)	Shares of Beneficial Interest	Treasury Stock	Dividends in Excess of Net Income	Accumulated Other Comprehensive Income (Loss)	Total Common Equity	Noncontrolling Interests	Total
In Thousands
Balance, beginning at Oct. 31, 2010	$24,969	($1,135)	($7,032)	'	$16,802	$8,732	$25,534
Distributions to noncontrolling interests	'	'	'	'	'	-1,267	-1,267
Net income	'	'	5,378	'	5,378	1,335	6,713
Dividends declared	'	'	-8,330	'	-8,330	'	-8,330
Balance, ending at Oct. 31, 2011	24,969	-1,135	-9,984	'	13,850	8,800	22,650
Distributions to noncontrolling interests	'	'	'	'	'	-834	-834
Net income	'	'	11,351	'	11,351	645	11,996
Dividends declared	'	'	-7,637	'	-7,637	'	-7,367
Balance, ending at Oct. 31, 2012	24,969	-1,135	-6,270	'	17,564	8,611	26,175
Distributions to noncontrolling interests	'	'	'	'	'	-462	'
Net income	'	'	7,449	'	7,449	493	7,942
Dividends declared	'	'	-10,830	'	-10,830	'	-10,830
Net unrealized gain on interest rate swap	'	'	'	686	686	294	980
Balance, ending at Oct. 31, 2013	$24,969	($1,135)	($9,651)	$686	$14,869	$8,936	$23,805

CONSOLIDATED_STATEMENT_OF_EQUI1

CONSOLIDATED STATEMENT OF EQUITY (Parenthetical) (USD $)	3 Months Ended								12 Months Ended
	Oct. 31, 2013	Jul. 31, 2013	Apr. 30, 2013	Jan. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Statement of Stockholders' Equity [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Dividends declared, per share	$0.66	$0.30	$0.30	$0.30	$0.20	$0.30	$0.30	$0.30	$1.56	$1.10	$1.20

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013		Oct. 31, 2012		Oct. 31, 2011
Operating activities:	'		'		'
Net income	$7,942		$11,996		$6,713
Depreciation	6,244		6,215		6,109
Amortization	665		669		592
Net amortization of acquired leases	24		2		25
Income from early lease termination	'		-2,950		'
Deferred project cost write-off	'		3,726		'
Net gain on sale of discontinued operations	-3,545		-7,528	[1],[2]	'
Income tax adjustment on gain on sale of discontinued operation	-720	[3]	'		'
Changes in operating assets and liabilities:	'		'		'
Tenants' security accounts	224		201		145
Accounts receivable and straight-line rents receivable, prepaid expenses and other assets	-181		-324		296
Accounts payable, accrued expenses and deferred trustee compensation	318		1,541		1,299
Tenants' security deposits	-207		-184		-159
Deferred revenue	-289		-239		-219
Net cash provided by operating activities	10,475		13,125		14,801
Investing activities:	'		'		'
Capital improvements - existing properties	-2,149		-2,114		-1,343
Construction and pre-development costs	-4,732	[4]	-3,999	[5]	-2,781	[6]
Proceeds from sale of discontinued operations, net	3,752		9,908		'
Net cash (used in) provided by investing activities	-3,129		3,795		-4,124
Financing activities:	'		'		'
Repayment of mortgages	-45,747		-6,337		-3,066
Proceeds from morttgages and constructon loans	42,750		3,085		1,574
Net proceeds from draws on credit line	2,000		'		'
Deferred financing costs	-1,059		-210		-40
Dividends paid	-7,637		-8,331		-8,330
Distributions from operations to noncontrolling interests	-462		-834		-1,267
Net cash used in financing activities	-10,155		-12,627		-11,129
Net (decrease) increase in cash and cash equivalents	-2,809		4,293		-452
Cash and cash equivalents, beginning of year	10,610		6,317		6,769
Cash and cash equivalents, end of year	7,801		10,610		6,317
Supplemental disclosure of cash flow data:	'		'		'
Interest paid	10,933		10,526		10,721
Income taxes paid	1,072		'		2
Investing activities:	'		'		'
Accrued capital expenditures, construction costs, pre-development costs and interest	3,766		747		2,651
Financing activities:	'		'		'
Dividends declared but not paid	$4,582		$1,389		$2,083
[1]	Gain on sale of discontinued operation shown net of tax.
[2]	Represents gain of $9,493 net of federal and state tax of $1,965.
[3]	Income tax adjustment relating to fiscal 2012 gain on sale of discontinued operation.
[4]	Includes $743 that was incurred and accrued in fiscal 2012; paid in fiscal 2013.
[5]	Includes $2,256 that was incurred and accrued in fiscal 2011; paid in fiscal 2012.
[6]	Includes $1,000 that was incurred and accrued in fiscal 2009; paid in fiscal 2011.

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Statement of Cash Flows [Abstract]	'	'	'
Payments for construction in process incurred and accrued in fiscal year; paid in another fiscal year.	$743	$2,256	$1,000

Organization_and_significant_a

Organization and significant accounting policies	12 Months Ended
	Oct. 31, 2013
Organization And Significant Accounting Policies	'
Organization and significant accounting policies	'
	Note 1 - Organization and significant accounting policies:
	Organization:
	First Real Estate Investment Trust of New Jersey (“FREIT” or the “Company”) was organized on November 1, 1961 as a New Jersey Business Trust. FREIT is engaged in owning residential and commercial income producing properties located primarily in New Jersey, Maryland and New York.
	FREIT has elected to be taxed as a Real Estate Investment Trust under the provisions of Sections 856-860 of the Internal Revenue Code, as amended. Accordingly, FREIT does not pay federal income tax on income whenever income distributed to shareholders is equal to at least 90% of real estate investment trust taxable income. Further, FREIT pays no federal income tax on capital gains distributed to shareholders.
	FREIT is subject to federal income tax on undistributed taxable income and capital gains. FREIT may make an annual election under Section 858 of the Internal Revenue Code to apply part of the regular dividends paid in each respective subsequent year as a distribution for the immediately preceding year.
	Adopted and recently issued accounting standards:
	In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-10, “Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate-a Scope Clarification”. The purpose of this update is to resolve the diversity in practice about whether the guidance under FASB Accounting Standards Codification (“ASC”) Subtopic 360-20, “Property, Plant, and Equipment-Real Estate Sales”, applies to a parent that ceases to have a controlling financial interest in a subsidiary, as specified under ASC Subtopic 810-10, “Non-Controlling Interests in Consolidated Financial Statements – an amendment of ARB No. 51”, that is in substance real estate as a result of default on the subsidiary’s nonrecourse debt. The new guidance is intended to emphasize that accounting for such transactions “is based on their substance rather than their form”, specifically that the parent should only deconsolidate the real estate subsidiary when legal title to the real estate is transferred to the lender and the related nonrecourse debt has been extinguished. The standard takes effect for public companies for fiscal years and interim periods within those years beginning on or after June 15, 2012. The adoption of this guidance in the year ended October 31, 2013 did not have any impact on our financial statements.
	In June 2011, the FASB issued ASU 2011-05, “Presentation of Comprehensive Income”, which supersedes the presentation options in ASC Topic 220, “Reporting of Comprehensive Income”. The new standard provides guidance for the presentation of other comprehensive income (“OCI”) and its components in the financial statements. The new guidance only affects the presentation of OCI, and not the components that must be reported in OCI. The standard takes effect for public companies for fiscal years and interim periods within those years beginning after December 15, 2011. The Company adopted this standard on November 1, 2012 and elected to present a separate Consolidated Statement of Comprehensive Income.
	In December 2011, the FASB issued ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update stated that the specific requirement in ASU 2011-05 to present items that are reclassified from other comprehensive income to net income alongside their respective components of net income and other comprehensive income will be deferred. In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This update requires companies to present the effects on the line items of net income of significant reclassifications out of accumulated other comprehensive income if the amount being reclassified is required under U.S. generally accepted accounting principles to be reclassified in its entirety to net income in the same reporting period. ASU 2013-02 is effective prospectively for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2012 with early adoption permitted. The Company has not yet adopted this guidance, and does not expect the adoption of this guidance to have a significant impact on its financial statements.
	Principles of consolidation:
	The consolidated financial statements include the accounts of FREIT and the following subsidiaries in which FREIT has a controlling financial interest, including two LLCs in which FREIT is the managing member with a 40% ownership interest:
	Subsidiary	Owning		%		Year
		Entity		Ownership		Acquired/Organized
	S and A Commercial Associates Limited Partnership   (“S and A”)		FREIT		65%		2000
	Westwood Hills, LLC		FREIT		40%		1994
	Damascus Centre, LLC		FREIT		70%		2003
	Damascus Second, LLC		FREIT		70%		2008
	Wayne PSC, LLC		FREIT		40%		2002
	Pierre Towers, LLC		S and A		100%		2004
	Grande Rotunda, LLC		FREIT		60%		2005
	WestFREIT Corp		FREIT		100%		2007
	WestFredic LLC		FREIT		100%		2007
	The consolidated financial statements include 100% of each subsidiary’s assets, liabilities, operations and cash flows, with the interests not owned by FREIT reflected as “noncontrolling interests in subsidiaries”. All significant inter-company accounts and transactions have been eliminated in consolidation.
	Use of estimates:
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
	Cash and cash equivalents:
	Financial instruments that potentially subject FREIT to concentrations of credit risk consist primarily of cash and cash equivalents. FREIT considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. FREIT maintains its cash and cash equivalents in bank and other accounts, the balances of which, at times, may exceed federally insured limits of $250,000.
	Real estate development costs:
	It is FREIT’s policy to capitalize pre-development costs, which generally include legal and other professional fees and other directly related third-party costs. Real estate taxes and interest costs incurred during the development and construction phases are also capitalized. FREIT ceases capitalization of these costs, when the project or portion thereof becomes operational, or when construction has been postponed. Capitalization of these costs will recommence once construction on the project resumes.
	Depreciation:
	Real estate and equipment are depreciated on the straight-line method by annual charges to operations calculated to absorb costs of assets over their estimated useful lives.
	Impairment of long-lived assets:
	Impairment losses on long-lived assets, such as real estate and equipment, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts. For the fiscal years ended October 31, 2013, 2012 and 2011, there were no impairments of long-lived assets.
	Deferred charges:
	Deferred charges consist of mortgage costs and leasing commissions. Deferred mortgage costs are amortized on the straight-line method by annual charges to operations over the terms of the mortgages. Amortization of such costs is included in interest expense and approximated $370,000, $368,000 and $305,000 in 2013, 2012 and 2011, respectively. Deferred leasing commissions are amortized on the straight-line method over the terms of the applicable leases.
	Revenue recognition:
	Income from leases is recognized on a straight-line basis regardless of when payment is due. Lease agreements between FREIT and commercial tenants generally provide for additional rentals and reimbursements based on such factors as percentage of tenants’ sales in excess of specified volumes, increases in real estate taxes, Consumer Price Indices and common area maintenance charges. These additional rentals are generally included in income when reported to FREIT, when earned, or ratably over the appropriate period.
	Interest rate swap contract:
	FREIT utilizes derivative financial instruments to reduce interest rate risk. FREIT does not hold or issue derivative financial instruments for trading purposes. FREIT recognizes all derivatives as either assets or liabilities in the consolidated balance sheet and measures those instruments at fair value. Changes in fair value of those instruments are reported in earnings or other comprehensive income depending on the use of the derivative and whether it qualifies for hedge accounting. The accounting for gains and losses associated with changes in fair value of the derivative and the effect on the consolidated financial statements depends on its hedge designation and whether the hedge is highly effective in achieving offsetting changes in the fair value of cash flows or the assets or liabilities hedged (see Note 6).
	Advertising:
	FREIT expenses the cost of advertising and promotions as incurred. Advertising costs charged to operations amounted to approximately $93,000, $127,000 and $110,000 in 2013, 2012 and 2011, respectively.
	Stock-based compensation:
	FREIT has a stock-based employee compensation plan that was approved by the Board of Trustees, and ratified by FREIT’s shareholders. Stock based awards under the plan are accounted for based on their grant-date fair value (see Note 11).
	All issuances of shares of beneficial interest, options or other equity instruments to nonemployees as the consideration for goods or services received by FREIT are accounted for based on the fair value of the equity instruments issued (unless the fair value of the consideration received can be more reliably measured).
	Acquired Over Market and Below Market Value Leases and In-Place Leases:
	Capitalized above-market lease values are being amortized as a reduction of base rental revenue over the remaining term of the leases, and the capitalized below-market lease values are being amortized as an increase to base rental revenue over the remaining terms of the leases, including renewal options. The value ascribed to leases in place is being amortized over the weighted average remaining lease terms.
	Reclassifications:
	Certain revenue and expense accounts in the 2012 and 2011 consolidated financial statements and footnotes related to properties sold in Fiscal 2013 have been reclassified to discontinued operations to conform to the 2013 presentation (see Note 3).

Planned_asset_dispositions

Planned asset dispositions	12 Months Ended
	Oct. 31, 2013
Planned Asset Dispositions	'
Planned asset dispositions	'
	Note 2 – Planned asset dispositions:
	On July 7, 2010, FREIT’s Board of Trustees (“Board”) authorized management to pursue a sale of the 256,620 sq. ft. Westridge Square Shopping Center (“Westridge”) located in Frederick, Maryland. The decision to sell the property (acquired in 1992) was based on the Board’s desire to re-deploy the net proceeds or other consideration arising from the sale to real estate assets in other areas of FREIT’s operations. On April 15, 2011, FREIT was notified by Giant of Maryland LLC (“Giant”), the former tenant and operator of the 55,330 sq. ft. Giant Supermarket at Westridge, that it would not extend the term of its lease, which expired on October 31, 2011. As a result, FREIT halted its efforts to sell Westridge and will reconsider its decision to market Westridge for sale when the space is re-leased. On July 27, 2012, FREIT signed a lease agreement with G-Mart Frederick, Inc. (“G-Mart”) for the leasing of a significant portion of the space vacated by Giant (40,000 square feet). FREIT incurred approximately $940,000 in tenant improvement costs associated with the lease to G-Mart, which began its operations at the center in September 2013. No decision has been made as of the filing date of this report, to resume FREIT’s efforts to market the Westridge Square property for sale.
	On May 2, 2012, FREIT’s Board authorized management to pursue the sale of its South Brunswick, NJ property, and on May 8, 2013, a contract of sale was entered into. The decision to sell this property was based on the Board’s desire to re-deploy the net proceeds arising from the sale to real estate assets in other areas of FREIT’s operations. The property consists of vacant land having a carrying value of $1.1 million at October 31, 2013. Results of operations related to the property are insignificant. On December 20, 2013, upon completion of the buyer’s due diligence review and the resolution of certain environmental issues, the South Brunswick property was sold for $11 million, resulting in an estimated gain of approximately $8.7 million net of sales fees and commissions (See Note 15 for more details).

Discontinued_operations

Discontinued operations	12 Months Ended
	Oct. 31, 2013
Discontinued Operations	'
Discontinued operations	'
	Note 3 – Discontinued operations:
	On August 29, 2012, FREIT sold its Heights Manor Apartments in Spring Lake Heights, NJ. In connection with the Heights Manor sale, FREIT recognized a capital gain of approximately $9.5 million of which it distributed approximately $5 million to its shareholders during the fiscal year ended October 31, 2012. As FREIT did not intend to distribute to its shareholders the remaining $4.5 million of capital gain, FREIT provided approximately $1.5 million federal and $400,000 state income taxes on such undistributed gain, which was charged to discontinued operations. In the quarter ended January 31, 2013, FREIT decided to elect, under Section 858 of the Internal Revenue Code, to treat the $1.4 million dividend paid during such period as a distribution of the prior year’s capital gain and, accordingly, reversed $720,000 of the income tax liability, which has been credited to income from discontinued operations for Fiscal 2013.
	On April 26, 2013, FREIT sold its Palisades Manor Apartments in Palisades Park, New Jersey for $1.6 million and recognized a capital gain of approximately $1.4 million from the sale. FREIT intended to structure this sale in a manner that would qualify as a like-kind exchange of real estate pursuant to Section 1031 of the Internal Revenue Code, which would have resulted in a deferral for income tax purposes of the $1.4 million gain of the Palisades Manor sale. However, the acquisition of the property identified in the 1031 exchange did not take place. Therefore, since the 1031 exchange did not occur, management decided to pay out the gain of $1.4 million as a capital gain dividend to FREIT shareholders in the 4th quarter of Fiscal 2013.
	On August 13, 2013, FREIT sold its Grandview Apartments in Hasbrouck Heights, New Jersey for $2.5 million. FREIT recognized a capital gain of approximately $2.2 million from the sale of this property, which has been recorded in FREIT’s 4th Quarter operating results. FREIT intended to structure this sale in a manner that would qualify as a like-kind exchange of real estate pursuant to Section 1031 of the Internal Revenue Code, which would have resulted in a deferral for income tax purposes of the gain on the Grandview sale. However, management could not identify any property for the 1031 exchange. Therefore, since the 1031 exchange did not occur, management decided to pay out the gain of $2.2 million as a capital gain dividend to FREIT shareholders in the 4th quarter of Fiscal 2013.
	The gains from the sales of the three discontinued properties described above, as well as the related results of operations, have been classified as discontinued operations in the accompanying statements of income for all periods presented. Revenue attributable to discontinued operations for Fiscal 2013 was $317,000, $1,299,000 for Fiscal 2012, and $1,456,000 for Fiscal 2011.

Real_estate_and_equipment

Real estate and equipment	12 Months Ended
	Oct. 31, 2013
Property, Plant and Equipment [Abstract]	'
Real estate and equipment	'
	Note 4 - Real estate and equipment:
	Real estate and equipment consists of the following:
		Range of
		Estimated	October 31,
		Useful Lives	2013		2012
			(In Thousands of Dollars)
	Land		$	76,602	$	76,637
	Unimproved land			883		874
	Apartment buildings	7-40 years		81,972		81,784
	Commercial buildings/shopping centers	15-50 years		118,253		115,492
	Equipment/Furniture	3-15 years		2,967		2,814
				280,677		277,601
	Less accumulated depreciation			75,226		69,619
	Totals		$	205,451	$	207,982

Mortgages_notes_payable_and_cr

Mortgages, notes payable and credit line	12 Months Ended
	Oct. 31, 2013
Debt Disclosure [Abstract]	'
Mortgages, notes payable and credit line	'
	Note 5 – Mortgages, notes payable and credit line:
			October 31,
			2013			2012
			(In Thousands of Dollars)
	Frederick, MD (A)		$	22,000		$	22,000
	Rockaway, NJ (B)			18,440			18,828
	Westwood, NJ (C)			—			8,032
	Westwood, NJ (D)			22,388			—
	Patchogue, NY (E)			5,503			5,623
	Wayne, NJ (F)			18,976			19,248
	River Edge, NJ (G):
	First mortgage			3,952			4,098
	Second mortgage			1,494			1,557
	Maywood, NJ (H):
	First mortgage			2,868			2,974
	Second mortgage			1,060			1,105
	Westwood, NJ (I)			22,383			22,774
	Wayne, NJ (J)			26,863			27,697
	Hackensack, NJ (K)			31,797			32,364
	Damascus, MD (L)			19,699			—
	Total fixed rate mortgage loans			197,423			166,300
	Baltimore, MD (M)			—			19,070
	Damascus, MD - Construction Loan (N)			—			15,050
	Line of credit - Provident Bank (O)			2,000			—
	Total mortgages, notes payable and credit line		$	199,423		$	200,420
		(A)	Payable in monthly installments of interest only computed over the actual number of days in the elapsed monthly interest period at the rate of 5.55% through May 2017 at which time the outstanding balance is due. The mortgage is secured by a retail building in Frederick, MD having a net book value of approximately $17,967,000 as of October 31, 2013.
		(B)	Payable in monthly installments of $115,850 including interest at 5.37% through February 2022 at which time the outstanding balance is due. The mortgage is secured by a residential building in Rockaway, NJ having a net book value of approximately $17,462,000 as of October 31, 2013.
		(C)	Payable in monthly installments of $73,248 including interest at 7.38% through February 2013 at which time the outstanding balance is due. (See Note 5(D).)
		(D)	On January 14, 2013, FREIT refinanced its Westwood Plaza mortgage loan in the amount of $8.0 million, with a new mortgage loan in the amount of $22,750,000, which is payable in monthly installments of $129,702 including interest at 4.75% through January 2023 at which time the outstanding balance is due. The new mortgage is secured by a retail building in Westwood, NJ having a net book value of approximately $8,641,000 as of October 31, 2013.
		(E)	Payable in monthly installments of $36,457 including interest at 6.125%, through March 2018 at which time the outstanding balance is due. Under the terms of the mortgage loan agreement, FREIT can request, during the term of the loan, additional fundings that will bring the outstanding principal balance up to 75% of loan-to-value (percentage of mortgage loan to total appraised value of property securing the loan). FREIT has renegotiated the interest rate on this loan to a fixed rate of 4.5% from January 1, 2013 until maturity at March 1, 2018. The mortgage is secured by a retail building in Patchogue, NY having a net book value of approximately $7,376,000 as of October 31, 2013.
		(F)	Payable in monthly installments of $121,100 including interest at 6.09%, through September 1, 2019 at which time the outstanding balance is due. The mortgage is secured by an apartment building in Wayne, NJ having a net book value of approximately $1,702,000 as of October 31, 2013.
		(G)	The first mortgage is payable in monthly installments of $34,862 including interest at 6.75% through December 2013 at which time the outstanding balance is due. The second mortgage is payable in monthly installments of $12,318 including interest at 5.53% through December 2013 at which time the outstanding balance is due. On November 19, 2013, FREIT refinanced these mortgage loans, which were scheduled to mature on December 1, 2013. The amount of the new loan is $11,200,000 at a fixed interest rate of 4.54%, with a scheduled maturity of December 1, 2023. The mortgages are secured by an apartment building in River Edge, NJ having a net book value of approximately $1,011,000 as of October 31, 2013.
		(H)	The first mortgage is payable in monthly installments of $25,295 including interest at 6.75% through December 2013 at which time the outstanding balance is due. The second mortgage is payable in monthly installments of $8,739 including interest at 5.53% through December 2013 at which time the outstanding balance is due. On November 19, 2013, FREIT refinanced these mortgage loans, which were scheduled to mature on December 1, 2013. The amount of the new loan is $8,500,000 at a fixed interest rate of 4.54%, with a scheduled maturity of December 1, 2023. The mortgages are secured by an apartment building in Maywood, NJ having a net book value of approximately $684,000 as of October 31, 2013.
		(I)	Payable in monthly installments of $120,752 including interest of 4.62%, through November 1, 2020, at which time the outstanding balance is due. The mortgage is secured by an apartment building in Westwood, NJ having a net book value of approximately $10,667,000 as of October 31, 2013.
		(J)	Payable in monthly installments of $206,960 including interest of 6.04% until June 2016 at which time the unpaid balance is due. The mortgage is secured by a shopping center in Wayne, NJ having a net book value of approximately $27,616,000 as of October 31, 2013.
		(K)	Payable in monthly installments of $191,197 including interest of 5.38% until May 2019 at which time the unpaid balance is due. The mortgage is secured by an apartment building in Hackensack, NJ having a net book value of approximately $40,991,000 as of October 31, 2013.
		(L)	On December 26, 2012, Damascus Centre, LLC refinanced its $15 million construction loan (see Note 5(N)) with long-term financing provided by People’s United Bank. The amount of the new loan is $25 million, of which $20 million has been drawn as of October 31, 2013. The balance, up to an additional $5 million, will be available as a one-time draw over the 36 month period ending December 26, 2015, and the amount available will depend on future leasing at the shopping center. The new loan bears a floating interest rate equal to 210 basis points over the BBA LIBOR and the loan will mature on January 3, 2023. In order to minimize interest rate volatility during the term of the loan, Damascus Centre, LLC entered into an interest rate swap agreement that in effect, converted the floating interest rate to a fixed interest rate of 3.81% over the term of the loan. (See Note 6 for additional information relating to the interest rate swap.) The shopping center securing the loan has a net book value of approximately $30,347,000 as of October 31, 2013.
		(M)	On February 1, 2010, a principal payment of $3 million was made reducing the original loan amount of $22.5 million to $19.5 million and the due date was extended until February 1, 2013. As part of the terms of the loan extension agreement, the loan was further collateralized by a first mortgage lien and the assignment of the ground lease on FREIT’s Rochelle Park, NJ land parcel. Under the restructured terms, the interest rate is now 350 basis points above the BBA LIBOR with a floor of 4%, and monthly principal payments of $10,000 are required. An additional principal payment of $110,000 was required on February 1, 2012 in order to reduce the loan to achieve the stipulated debt service coverage ratio. Under the agreement with the equity owners of Grande Rotunda, LLC, FREIT would be responsible for 60% of any cash required by Grande Rotunda, LLC, and 40% would be the responsibility of the minority interest. The due date of the loan was further extended to May 1, 2013 from February 1, 2013. While the bank agreed to an additional extension of ninety-days (90) from May 1, 2013, FREIT elected to purchase the Rotunda loan from the bank and have all the bank’s rights assigned to FREIT. The purchase of this loan by FREIT was completed on May 28, 2013. FREIT sold this loan to the lender providing the construction financing for the expansion of the Rotunda project. On December 9, 2013, Grande Rotunda, LLC closed with Wells Fargo Bank on a construction loan of up to $120 million to be used for the purpose of funding the major redevelopment and expansion project planned for the Rotunda. The construction loan will be for a term of four (4) years, with one 12-month extension, at a rate of 225 basis points over the monthly LIBOR. The loan will be secured by a mixed-use property in Baltimore, MD (FREIT’s Rotunda property), which has a net book value of approximately $41,545,000 as of October 31, 2013.
		(N)	On February 12, 2008, Damascus Second, LLC closed on a $27.3 million construction loan, secured by the Damascus Center owned by Damascus Centre, LLC located in Damascus, MD. This loan has a term of forty-eight (48) months, with one twelve (12) month extension option, which was exercised. Draws against this loan bear interest at a floating rate equal to 135 basis points over the BBA LIBOR daily floating rate. As a result of a revaluation of future funding needs of the redevelopment project, on May 6, 2010, Damascus Centre, LLC entered into a modification of its construction loan agreement, which reduced the amount of the construction loan facility from $27.3 million to $21.3 million. In addition, the construction completion due date was extended until November 1, 2011. All other terms of the construction loan remain unchanged. As of October 31, 2012, $15.0 million of this loan, which includes accrued interest, was drawn down to cover construction costs, and all construction was completed as of this date. Additional tenant fit-up costs are expected, once the new space is leased and occupied. FREIT guarantees 30% of the outstanding principal amount of the loan plus other costs, if borrower defaults, however, Damascus 100, LLC (a 30% joint venture partner in Damascus Centre, LLC) has indemnified FREIT for up to 30% of any losses under its guaranty. On December 26, 2012, Damascus Centre, LLC refinanced its construction loan with long-term financing provided by People’s United Bank. (See Note 5(L) above.)
		(O)	Credit Line: FREIT has a line of credit provided by the Provident Bank in the amount of $13 million. The line of credit is for a two year term ending on July 29, 2014, but can be cancelled by the bank, at its will, within 60 days before or after each anniversary date. The credit line will automatically be extended at the termination date of the current term and each subsequent term for an additional period of 24 months, provided there is no default and the credit line has not been cancelled. Draws against the credit line can be used for general corporate purposes, for property acquisitions, construction activities, and letters of credit. Draws against the credit line are secured by mortgages on FREIT’s Franklin Crossing Shopping Center, Franklin Lakes, NJ, and retail space in Glen Rock, NJ. Interest rates on draws will be set at the time of each draw for 30, 60, or 90-day periods, based on our choice of the prime rate or at 175 basis points over the 30, 60, or 90-day LIBOR rates at the time of the draws. The interest rate on the line of credit has a floor of 3.5%. The Palisades Manor property was sold in April 2013, and the Grandview Apartments was sold in August 2013. These properties were collateral for the credit line. Provident Bank has released these properties as collateral for the credit line, and as a result, the credit line has been reduced from $18 million to approximately $13 million as of July 2013. As of October 31, 2013, approximately $11 million was available under the line of credit, and $2 million was outstanding.
			Certain of the Company’s mortgage loans and the Credit Line contain financial covenants. The Company was in compliance with all of its financial covenants as of October 31, 2013.
	Fair Value of Long-Term Debt:
	The following table shows the estimated fair value and carrying value of FREIT’s long-term debt at October 31, 2013 and 2012:
			October 31,			October 31,
	($ in Millions)		2013			2012
	Fair Value		$	201.9		$	213.2
	Carrying Value		$	199.4		$	200.4
	Fair values are estimated based on market interest rates at October 31, 2013 and October 31, 2012 and on discounted cash flow analysis. Changes in assumptions or estimation methods may significantly affect these fair value estimates. The fair value, which is based on observable inputs, has been characterized as level 2 in the fair value hierarchy as provided by authoritative guidance.
	Principal amounts (in thousands of dollars) due under the above obligations in each of the five years subsequent to October 31, 2013 are as follows:
	Year Ending October		Amount
	31,
	2014		$	12,989	(a)
	2015		$	3,777
	2016		$	28,096
	2017		$	25,138
	2018		$	8,117
		(a)	Includes $9.4 million related to the River Edge and Maywood mortgages, which were refinanced in December 2013 (see Note 5(G) & (H)).

Interest_rate_swap_contract

Interest rate swap contract	12 Months Ended
	Oct. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Interest rate swap contract	'
	Note 6 - Interest rate swap contract:
	On December 26, 2012, Damascus Centre, LLC refinanced its $15 million construction loan with a variable rate $25 million mortgage loan of which $20 million has been drawn as of October 31, 2013. The new loan will mature on January 3, 2023. (See Note 5(L) for additional information regarding the refinanced loan.) In connection therewith, on December 26, 2012, FREIT entered into an interest rate swap contract to reduce the impact of interest rate fluctuations on the LIBOR based variable rate mortgage. At October 31, 2013, the derivative financial instrument has a notional amount of approximately $19,729,000 and a current maturity date of January 2023. The contract effectively converts the LIBOR based variable rate to a fixed rate of 3.81%. In accordance with ASC 815, “Accounting for Derivative Instruments and Hedging Activities”, FREIT is accounting for this interest rate swap as a cash flow hedge and marks to market its fixed pay interest rate swap, taking into account present interest rates compared to the contracted fixed rate over the life of the contract. As of October 31, 2013, FREIT has recorded an unrealized gain of $980,000 in comprehensive income representing the fair value of the swap, along with a corresponding asset. The fair value is based on observable inputs (level 2 in the fair value hierarchy).

Commitments_and_contigencies

Commitments and contigencies	12 Months Ended
	Oct. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and contigencies	'
	Note 7 - Commitments and contingencies:
	Leases:
	Commercial tenants:
	FREIT leases commercial space having a net book value of approximately $144 million at October 31, 2013 to tenants for periods of up to twenty-five years. Most of the leases contain clauses for reimbursement of real estate taxes, maintenance, insurance and certain other operating expenses of the properties.
	Minimum rental income (in thousands of dollars) to be received from non-cancelable operating leases in years subsequent to October 31, 2013 is as follows:
	Year Ending October	Amount
	31,
	2014	$	15,899
	2015		14,589
	2016		13,094
	2017		10,301
	2018		8,278
	Thereafter		59,443
	Total	$	121,604
	The above amounts assume that all leases which expire are not renewed and, accordingly, neither minimal rentals nor rentals from replacement tenants are included.
	Minimum future rentals do not include contingent rentals, which may be received under certain leases on the basis of percentage of reported tenants’ sales volume or increases in Consumer Price Indices. Rental income that is contingent on future events is not included in income until the contingency is resolved. Contingent rentals included in income for each of the three years for the period ended October 31, 2013 were not material.
	Residential tenants:
	Lease terms for residential tenants are usually one year or less.
	Environmental concerns:
	The Westwood Plaza Shopping Center property is in a Flood Hazard Zone. FREIT maintains flood insurance in the amount of $500,000 for the subject property, which is the maximum available under the Flood Program for the property. Any reconstruction of that portion of the property situated in the flood hazard zone is subject to regulations promulgated by the New Jersey Department of Environmental Protection (“NJDEP”), which could require extraordinary construction methods.
	Prior to its purchase by Wayne PSC, LLC, a 40% owned affiliate of FREIT (“Wayne PSC”), a Phase I and Phase II Environmental Assessment of the Preakness shopping center revealed soil and ground water contamination with Percloroethylene (Dry Cleaning Fluid) caused by the mishandling of this chemical by a former dry cleaner tenant.
	The seller of the Preakness shopping center to Wayne PSC is in the process of performing the remedial work in accordance with the requirements of the NJDEP. Additionally, the seller has escrowed the estimated cost of the remediation and has purchased a cap-cost insurance policy covering any expenses over and above the estimated cost.
	In performing the remedial work, possible contamination of this property by groundwater migrating from an offsite source was discovered. The NJDEP has not made any determination with respect to responsibility for remediation of this possible condition, and it is not possible to determine whether or to what extent Wayne PSC will have potential liability with respect to this condition or whether or to what extent insurance coverage may be available.
	FREIT has conducted environmental audits for all of its properties except for its undeveloped land; retail properties in Franklin Lakes (Franklin Crossing) and Glen Rock, New Jersey. Except as noted above, the environmental reports secured by FREIT have not revealed any environmental conditions on its properties, which require remediation pursuant to any applicable federal or state law or regulation.
	FREIT has determined that several of its properties contain lead based paint (“LBP”). FREIT believes that it complies with all federal, state and local requirements as they pertain to LBP.
	FREIT does not believe that the environmental conditions described above will have a materially adverse effect upon the capital expenditures, revenues, earnings, financial condition or competitive position of FREIT.
	Construction and redevelopment activities:
	The modernization and expansion project at the Damascus Center was completed in November 2011. Total construction costs, inclusive of tenant improvement costs, approximated $22.7 million. The building plans incorporated an expansion of retail space from 140,000 sq. ft. to approximately 150,000 sq. ft., anchored by a modern 58,000 sq. ft. Safeway supermarket. Construction was completed in three phases, with the final phase being completed in November 2011. Additional tenant fit-up costs are expected, once the new space is leased and occupied. Funding for this project was made available under a construction loan facility in the amount of $21.3 million. The construction loan is secured by the Damascus Center. The loan was drawn upon as needed to fund construction costs at the Damascus Center. On December 26, 2012, Damascus Centre, LLC refinanced the construction loan with long-term financing in the amount of $25 million, of which $20 million has been drawn as of October 31, 2013 (see Note 5(L)).
	Included in the accompanying consolidated balance sheets at October 31, 2013 and 2012, are $10.9 million and $4.7 million, respectively, of construction in progress related to the Rotunda redevelopment project. Due to the difficult economic environment, that redevelopment activity was placed on hold by FREIT during the fourth quarter of Fiscal 2008. On July 24, 2012, the Board approved the revisions to the scope of the project, thereby further reducing the complexity and projected cost of the project (see Note 8 for more details). On December 9, 2013, Grande Rotunda, LLC closed with Wells Fargo Bank on a construction loan of up to $120 million to be used for the purpose of funding the major redevelopment and expansion project planned for the Rotunda (see Note 5(M)). In order to avoid beginning construction during the winter months, Rotunda began construction on the parking lot areas in September 2013.

Giant_lease_termination_Rotund

Giant lease termination; Rotunda project cost write-off	12 Months Ended
	Oct. 31, 2013
Giant Lease Termination Rotunda Project Cost Write-Off	'
Giant lease termination; Rotunda project cost write-off	'
	Note 8 - Giant lease termination; Rotunda project cost write-off:
	On February 3, 2012, Grande Rotunda, LLC (“Grande”), a 60% owned affiliate of FREIT, entered into a lease termination agreement (“Agreement”) with Giant of Maryland LLC (“Giant”), the former tenant and operator of the 35,994 sq. ft. Giant supermarket at Grande’s Rotunda property located in Baltimore, Maryland. Giant, under the terms of the Agreement, agreed to (i) waive its right to extend the term of the lease through March 31, 2035, (ii) terminate the lease and surrender the premises to Grande no later than the earlier of commencement of the redevelopment of the property or March 31, 2015, and (iii) notwithstanding any earlier termination date, continue to pay monthly fixed rent payments plus its share of common area maintenance charges and taxes for the Rotunda property through March 31, 2015. Grande has agreed (i) not to lease more than 20,000 sq. ft. of any space in the property for use as a food supermarket through March 31, 2035, and (ii) if Grande decides to lease such space for use as a food supermarket, it must first offer the space for the same use under the terms acceptable to Grande, to Giant, which will have thirty days to accept the offer before the space may be leased to a third party. As a result of the Giant lease termination and the terms of the Agreement, Grande will not be required to construct a lower level Giant supermarket as part of the redevelopment project at the Rotunda, which represented a costly component to the project. In addition, the Giant lease contained significant restrictions on Grande’s ability to make modifications to the property. This development cleared the way for Grande to move forward with the redevelopment planning for this property. As a result of Giant terminating its lease and vacating its space at the Grande Rotunda shopping center, the results for Fiscal 2012 include income of $2.95 million relating to the Giant early lease termination, offset by a $1.49 million deferred project cost write-off relating to a change in the future development plans for the Rotunda shopping center, specifically the impact that the Giant portion of the project had on the design fees incurred to date and included in Construction in Progress (“CIP”). The early lease termination fee is comprised of the net present value of the monthly rent in accordance with the terms of the terminated lease, projected common area maintenance charges and real estate taxes from April 1, 2012 through March 31, 2015. In addition, included in the $2.95 million lease termination fee are the write-off of the balances in Below Market Value Acquisition Costs, and In-Place Lease Costs relating to the Giant lease. Accretion of the present value discount during Fiscal 2013 amounted to approximately $87,000, which is included in investment income on the accompanying Consolidated Statements of Income.
	In light of the Giant lease termination and its potential impact on the scope of the development plans for the Rotunda site, management proposed further revisions to the scope of the Rotunda development project. On July 24, 2012, the Board approved the revisions to the scope of the project, thereby further reducing the complexity and projected cost of the project. As a result of the Board’s decision to move forward with the revised development plans, an additional $2.2 million of certain deferred project costs relating to planning and feasibility costs included in CIP were no longer deemed to have any utility, and were written-off in Fiscal 2012.

Management_agreement_fees_and_

Management agreement, fees and transactions with related party	12 Months Ended
	Oct. 31, 2013
Management Agreement Fees And Transactions With Related Party	'
Management agreement, fees and transactions with related party	'
	Note 9 - Management agreement, fees and transactions with related party:
	On April 10, 2002, FREIT and Hekemian & Co., Inc. (“Hekemian”) executed a Management Agreement whereby Hekemian would continue as Managing Agent for FREIT. The term of the Management Agreement was renewed on November 1, 2013 for a two-year term which will expire on October 31, 2015. The Management Agreement automatically renews for successive periods of two years unless either party gives not less than six (6) months prior notice to the other of non-renewal.
	Pursuant to the terms of the Management Agreement: FREIT retains Hekemian as the exclusive management and leasing agent for properties which FREIT owned as of April 2002 and for the Preakness Shopping Center acquired on November 1, 2002 by Wayne PSC. However, FREIT may retain other managing agents to manage certain other properties acquired after April 10, 2002 and to perform various other duties such as sales, acquisitions, and development with respect to any or all properties. Hekemian does not serve as the exclusive advisor for FREIT to locate and recommend to FREIT investments, which Hekemian deems suitable for FREIT, and is not required to offer potential acquisition properties exclusively to FREIT before acquiring those properties for its own account. The Management Agreement includes a detailed schedule of fees for those services, which Hekemian may be called upon to perform. The Management Agreement provides for a termination fee in the event of a termination or non-renewal of the Management Agreement under certain circumstances.
	Hekemian currently manages all the properties owned by FREIT, except for the Rotunda, a mixed-use office and retail facility located in Baltimore, Maryland, which is managed by an independent third party management company. The management agreement with Hekemian, effective November 1, 2001, requires the payment of management fees equal to a percentage of rents collected. Such fees were approximately $1,747,000, $1,792,000 and $1,802,000 in Fiscal 2013, 2012 and 2011, respectively. In addition, the management agreement provides for the payment to Hekemian of leasing commissions, sales commissions, as well as the reimbursement of operating expenses incurred on behalf of FREIT. Such fees amounted to approximately $523,000, $718,000 and $326,000 in Fiscal 2013, 2012 and 2011, respectively. Total Hekemian management fees outstanding at October 31, 2013 and 2012 were $152,000 and $145,000, respectively, and included in Accounts Payable on the accompanying Consolidated Balance Sheets. FREIT also uses the resources of the Hekemian insurance department to secure various insurance coverages for its properties and subsidiaries. Hekemian is paid a commission for these services. Such commissions amounted to approximately $121,000, $122,000 and $97,000 in fiscal 2013, 2012 and 2011, respectively.
	Grande Rotunda, LLC (“Grande Rotunda”) owns and operates the Rotunda. FREIT owns a 60% equity interest in Grande Rotunda, and Rotunda 100, LLC owns a 40% equity interest.
	Damascus Centre, LLC owns and operates the Damascus Center. During fiscal 2005, FREIT’s Board authorized an investor group, Damascus 100, LLC, to acquire a 30% equity interest in Damascus Centre, LLC. The sale price, based on the fair market value of the shopping center, reduced FREIT’s equity interest to 70%. The sale was completed on October 31, 2006, at a sales price of $3,224,000, of which FREIT financed approximately $1,451,000. The sale price was equivalent to the book value of the interest sold.
	The equity owners of Rotunda 100, LLC, and Damascus 100, LLC are principally employees of Hekemian. To incentivize the employees of Hekemian, FREIT has agreed to advance, only to employees of Hekemian, up to 50% of the amount of the equity contributions that the Hekemian employees were required to invest in Rotunda 100, LLC and Damascus 100, LLC. These advances are in the form of secured loans that bear interest that will float at 225 basis points over the ninety (90) day LIBOR, as adjusted each November 1, February 1, May 1 and August 1. These loans are secured by the Hekemian employees’ interests in Rotunda 100, LLC and Damascus 100, LLC, and are full recourse loans. Interest only payments are required to be made quarterly.
	No principal payments are required during the term of the notes, except that the borrowers are required to pay to FREIT all refinancing proceeds and other cash flow they receive from their interests in Damascus Centre, LLC and Grande Rotunda. These payments shall be applied first to accrued and unpaid interest and then any outstanding principal. The notes mature at the earlier of (a) ten (10) years after issue (Grande Rotunda – 6/19/2015, Damascus Centre, LLC – 9/30/2016), or, (b) at the election of FREIT, ninety (90) days after the borrower terminates employment with Hekemian, at which time all outstanding unpaid principal is due. The aggregate outstanding principal balance of the notes at October 31, 2013 and 2012 was $3,323,000. The accrued but unpaid interest related to these notes for Fiscal 2013 and Fiscal 2012 amounted to approximately $486,000 and $401,000, respectively, and is included in Accounts Receivable on the accompanying Consolidated Balance Sheets. On May 8, 2008, FREIT’s Board approved amendments to the existing loan agreements with the Hekemian employees, relative to their interests in Rotunda 100, LLC, to increase the aggregate amount that FREIT may advance to such employees from $2 million to $4 million. No other terms of the loan agreements were amended.
	From time to time, FREIT engages Hekemian to provide certain additional services, such as consulting services related to development, property sales and financing activities of FREIT. Separate fee arrangements are negotiated between Hekemian and FREIT with respect to such additional services. In Fiscal 2007, FREIT’s Board of Trustees (“Board”) approved development fee arrangements for the Rotunda and Damascus Center redevelopment projects. In connection with the development activities at the Rotunda and the redevelopment activities at the Damascus Center, definitive contract agreements for the development services to be provided by Hekemian Development Resources LLC (“Resources”), a wholly-owned subsidiary of Hekemian, have been approved and executed. The development fee arrangement for the Rotunda provides for Resources to receive a fee equal to 6.375% of the total development costs of up to $84.6 million (as may be modified, and less the amount of $3 million previously paid to Hekemian for the Rotunda project). In addition, the Board approved the payment of a fee to Resources in the amount of $1.4 million in connection with the revision to the scope of the Rotunda development project. The fee will be paid to Resources upon the following terms: (i) $500,000 of the $1.4 million will be paid on a monthly basis during the design phase (the $500,000 was paid in Fiscal 2013); and (ii) $900,000 of the $1.4 million will be paid upon the issuance of a certificate of occupancy for the multi-family portion of the project. The fee for the redevelopment of the Damascus Center was equal to 7% of the redevelopment costs of up to approximately $17.3 million (as may be modified). Such fees incurred to Hekemian and Resources during Fiscal 2013, Fiscal 2012 and Fiscal 2011 were $1,824,000, $317,000 and $236,000, respectively. Included within the $1.8 million in fees incurred for Fiscal 2013 are development fees totaling $1.4 million payable to Resources, relating to the Rotunda development project, of which $500,000 was paid in Fiscal 2013 and $900,000 is included in accounts payable in the accompanying 2013 Consolidated Balance Sheet. Other fees paid in Fiscal 2013 relate to services performed with regard to the Westwood Plaza shopping center and Damascus shopping center mortgage loan refinancings amounting to $239,000 (see Note 5), and $185,000 relating to commissions paid to Hekemian for the sale of the Palisades Manor and Grandview Apartment properties. In Fiscal 2012, FREIT paid Hekemian $317,000 relating to the commission on the sale of the Heights Manor property. In Fiscal 2011, FREIT paid $1,236,190 to Resources, relating to fees incurred in Fiscal 2009;
	$2,000,000 for development activities at the Rotunda, and $236,190 for development activities at the Damascus Center. All such fees were capitalized.
	Resources, Rotunda 100, LLC, and Damascus 100, LLC are principally owned by employees of Hekemian, including certain members of the immediate family of Robert S. Hekemian and Robert S. Hekemian, Jr. Robert S. Hekemian, Chairman of the Board, Chief Executive Officer and a Trustee of FREIT, is the Chairman of the Board and Chief Executive Officer of Hekemian. Robert S. Hekemian, Jr, a Trustee of FREIT, is the President of Hekemian. Trustee fee expense (including interest) incurred by FREIT for Fiscal 2013, 2012 and 2011 was approximately $586,000, $546,000 and $494,000, respectively, for Robert S. Hekemian, and $40,000, $43,000 and $36,000, respectively, for Robert S. Hekemian, Jr. The members of the Hekemian family have majority management control of these entities.

Income_taxes

Income taxes	12 Months Ended
	Oct. 31, 2013
Income Tax Disclosure [Abstract]	'
Income taxes	'
	Note 10 – Income taxes:
	FREIT distributed as dividends to its shareholders 100% of its ordinary taxable income for each of the fiscal years ended October 31, 2013, 2012 and 2011. Accordingly, no provision for federal or state income taxes related to such ordinary taxable income was recorded on the Company’s financial statements. In addition, FREIT distributed as dividends in December 2013, the entire capital gain of approximately $3.5 million realized on the sale of its Palisades Manor and Grandview properties in Fiscal 2013, and in Fiscal 2012, FREIT distributed $5 million of the $9.5 million capital gain realized from the sale of its Heights Manor Apartments (see Note 3). With regard to such capital gains dividend distributions for Fiscal 2013 and Fiscal 2012, no provisions for federal or state income taxes related to such capital gain income was recorded on the Company’s financial statements. However, since FREIT did not intend to distribute to its shareholders the remaining $4.5 million of capital gain realized on the Heights Manor sale, FREIT provided approximately $1.5 million federal and $400,000 state income taxes on such undistributed gain, which was charged to discontinued operations in Fiscal 2012. In the quarter ended January 31, 2013, FREIT decided to elect, under Section 858 of the Internal Revenue Code, to treat the $1.4 million dividend paid during such period as a distribution of the prior year’s capital gain and, accordingly, reversed $720,000 of the income tax liability, which has been credited to income from discontinued operations for Fiscal 2013.
	As of October 31, 2013, the Company had no material uncertain income tax positions. The tax years subsequent to and including the fiscal year ended October 31, 2010 remain open to examination by the major taxing jurisdictions to which the Company is subject.

Equity_incentive_plan

Equity incentive plan	12 Months Ended
	Oct. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Equity incentive plan	'
	Note 11- Equity incentive plan:
	On September 10, 1998, the Board of Trustees approved FREIT’s Equity Incentive Plan (the “Plan”) which was ratified by FREIT’s shareholders on April 7, 1999, whereby up to 920,000 of FREIT’s shares of beneficial interest (adjusted for stock splits) may be granted to key personnel in the form of stock options, restricted share awards and other share-based awards. In connection therewith, the Board of Trustees approved an increase of 920,000 shares in FREIT’s number of authorized shares of beneficial interest. Key personnel eligible for these awards include trustees, executive officers and other persons or entities including, without limitation, employees, consultants and employees of consultants, who are in a position to make significant contributions to the success of FREIT. Under the Plan, the exercise price of all options will be the fair market value of the shares on the date of grant. The consideration to be paid for restricted share and other share-based awards shall be determined by the Board of Trustees, with the amount not to exceed the fair market value of the shares on the date of grant. The maximum term of any award granted may not exceed ten years. The Board of Trustees will determine the actual terms of each award.
	On April 4, 2007, FREIT shareholders approved amendments to FREIT’s Equity Incentive Plan as follows: (a) reserving an additional 300,000 shares for issuance under the Plan; and (b) extending the term of the Plan until September 10, 2018. As of October 31, 2013, 466,000 shares are available for issuance under the Plan.
	During Fiscal 2013, 2012 and 2011, no options or other stock awards were granted under the Plan. There were no options outstanding at October 31, 2013 and October 31, 2012, since all previously granted options expired in September 2008 or were exercised prior to that date.

Deferred_fee_plan

Deferred fee plan	12 Months Ended
	Oct. 31, 2013
Notes to Financial Statements	'
Deferred fee plan	'
	Note 12- Deferred fee plan:
	During fiscal 2001, the Board of Trustees adopted a deferred fee plan for its officers and trustees, which was amended and restated in fiscal 2009 to make the deferred fee plan compliant with Section 409A of the Internal Revenue Code and the regulations promulgated thereunder (the “Deferred Fee Plan”). Pursuant to the Deferred Fee Plan, any officer or trustee may elect to defer receipt of any fees that would be due them. These fees include annual retainer and meeting attendance fees as determined by the full Board of Trustees. FREIT has agreed to pay any participant (the “Participant”) in the Deferred Fee Plan interest on any deferred fee at 9% per annum, compounded quarterly. Any such deferred fee is to be paid to the Participants at the later of: (i) the retirement age specified in the deferral election; (ii) actual retirement; or (iii) upon cessation of a Participant’s duties as an officer or trustee.
	The Deferred Fee Plan provides that any such deferral fee will be paid in a lump sum or in annual installments over a period not to exceed 10 years, at the election of the Participant. Trustee fee expense (including interest) for each of the years ended October 31, 2013, 2012 and 2011 was $1,145,000, $1,092,000, and $978,000, respectively. As of October 31, 2013 and 2012, approximately $4,703,000 and $4,244,000, respectively, of fees have been deferred together with accrued interest of approximately $3,110,000 and $2,468,000, respectively.

Dividends_and_earnings_per_sha

Dividends and earnings per share	12 Months Ended
	Oct. 31, 2013
Dividends And Earnings Per Share	'
Dividends and earnings per share	'
	Note 13- Dividends and earnings per share:
	FREIT declared dividends of $10,830,000 ($1.56 per share), $7,637,000 ($1.10 per share) and $8,330,000 ($1.20 per share) to shareholders of record during Fiscal 2013, 2012 and 2011, respectively.
	Basic earnings per share is calculated by dividing net income attributable to common equity by the weighted average number of shares outstanding during each period. The calculation of diluted earnings per share is similar to that of basic earnings per share, except that the denominator is increased to include the number of additional shares which would have been outstanding if all potentially dilutive shares, such as those issuable upon the exercise of stock options and warrants had been issued during the period. Since FREIT does not have any outstanding options or other dilutive securities, only basic earnings per share is presented for the fiscal years ended October 31, 2013, 2012 and 2011.

Segment_information

Segment information	12 Months Ended
	Oct. 31, 2013
Segment Information	'
Segment information	'
	Note 14- Segment information:
	ASC 280-10, “Disclosures about Segments of an Enterprise and Related Information”, established standards for reporting financial information about operating segments in interim and annual financial reports and provides for a “management approach” in identifying the reportable segments.
	FREIT has determined that it has two reportable segments: commercial properties and residential properties. These reportable segments offer different types of space, have different types of tenants, and are managed separately because each requires different operating strategies and management expertise.
	The commercial and residential segments are comprised of ten (10) and six (6) properties, respectively, during the three fiscal years ended October 31, 2013, 2012 and 2011, exclusive of the residential properties sold in Fiscal 2013 and Fiscal 2012 which have been classified as discontinued operations.
	The accounting policies of the segments are the same as those described in Note 1.
	The chief operating decision-making group of FREIT’s commercial segment, residential segment and corporate/other is comprised of FREIT’s Board.
	FREIT assesses and measures segment operating results based on net operating income (“NOI”). NOI is based on operating revenue and expenses directly associated with the operations of the real estate properties, but excludes: deferred rents (straight lining), depreciation, financing costs, amortization of acquired lease values and other items. NOI is not a measure of operating results or cash flows from operating activities as measured by accounting principles generally accepted in the United States of America, and is not necessarily indicative of cash available to fund cash needs and should not be considered an alternative to cash flows as a measure of liquidity.
	Continuing real estate rental revenue, operating expenses, NOI and recurring capital improvements for the reportable segments are summarized below and reconciled to consolidated net income attributable to common equity for each of the years in the three-year period ended October 31, 2013. Asset information is not reported since FREIT does not use this measure to assess performance.
		October 31,
		2013			2012			2011
		(In Thousands of Dollars)
	Real estate rental revenue:
	Commercial	$	22,876		$	23,383		$	24,117
	Residential		18,497			18,680			18,267
	Totals		41,373			42,063			42,384
	Real estate operating expenses:
	Commercial		9,235			9,526			9,561
	Residential		8,892			8,442			7,863
	Totals		18,127			17,968			17,424
	Net operating income:
	Commercial		13,641			13,857			14,556
	Residential		9,605			10,238			10,404
	Totals	$	23,246		$	24,095		$	24,960
	Recurring capital improvements-
	residential	$	(681	)	$	(697	)	$	(413	)
	Reconciliation to consolidated net
	income-common equity:
	Segment NOI	$	23,246		$	24,095		$	24,960
	Deferred rents - straight lining		(12	)		17			242
	Amortization of acquired above and below
	market value leases		(24	)		(2	)		(25	)
	Net investment income		191			173			101
	General and administrative expenses		(1,623	)		(1,624	)		(1,543	)
	Depreciation		(6,233	)		(6,171	)		(6,054	)
	Deferred project cost write-off, net of
	income relating to early lease termination		—			(776	)		—
	Financing costs		(11,945	)		(11,704	)		(11,452	)
	Income from continuing operations		3,600			4,008			6,229
	Income from discontinued operation		797			460			484
	Gain on sale of discontinued operation		3,545			7,528	(a)		—
	Net income		7,942			11,996			6,713
	Net income attributable to
	noncontrolling interests in subsidiaries		(493	)		(645	)		(1,335	)
	Net income attributable to common equity	$	7,449		$	11,351		$	5,378
	(a) Represents gain of $9,493 net of federal and state tax of $1,965.

Subsequent_events

Subsequent events	12 Months Ended
	Oct. 31, 2013
Subsequent Events [Abstract]	'
Subsequent events	'
	Note 15- Subsequent events:
	On November 19, 2013, FREIT refinanced the first mortgages on its Hammel Gardens and Steuben Arms properties that were scheduled to mature on December 1, 2013. The mortgages, aggregating $9.4 million, were refinanced for $19.7 million. The new mortgage amounts reflect, in part, the appreciated value of those assets. This refinancing resulted in: (i) a reduction of annual interest costs from 6.4% to 4.54%, and (ii) net refinancing proceeds of approximately $10 million that are available for capital expenditures and general corporate purposes.
	On December 9, 2013, FREIT’s 60% owned affiliate, Grande Rotunda, LLC (“Grande”), closed with Wells Fargo Bank on a construction loan of up to $120 million to be used to reconfigure and expand its Rotunda property in Baltimore, MD. The construction loan will be for a term of four (4) years, with one 12-month extension, at a rate of 225 basis points over the monthly LIBOR (see Note 5(M)).
	On December 20, 2013, the South Brunswick property was sold for $11 million resulting in an estimated gain of approximately $8.7 million net of sales fees and commissions. It is FREIT’s intent to structure this sale in a manner that would qualify as a like-kind exchange of real estate pursuant to Section 1031 of the Internal Revenue Code, which would result in a deferral for income tax purposes of the $8.7 million gain of the South Brunswick sale.
	Share repurchases: On December 4, 2013, FREIT’s Board of Trustees authorized the repurchase of up to 24,400 FREIT shares. On December 17, 2013. FREIT repurchased 20,400 shares in a privately-negotiated transaction with an unaffiliated party for an aggregate purchase price of $357,000, or $17.50 per share.

Selected_quarterly_financial_d

Selected quarterly financial data (unaudited)	12 Months Ended
	Oct. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Selected quarterly financial data (unaudited)	'
	Note 16- Selected quarterly financial data (unaudited):
	The following summary represents the results of operations for each quarter for the years ended October 31, 2013 and 2012 (in thousands, except per share amounts):
	2013:00:00	Quarter Ended												Year
		January 31,			April 30,			July 31,			October 31,			October 31,
	Revenue	$	10,387		$	9,907		$	10,384		$	10,659		$	41,337
	Expenses		9,417			9,403			9,339			9,578			37,737
	Income from continuing operations		970			504			1,045			1,081			3,600
	Income from discontinued operations		730	(a)		1,409	(b)		48			2,155	(c)		4,342
	Net income		1,700			1,913			1,093			3,236			7,942
	Net income attributable to noncontrolling interest in subsidiaries		(229	)		(43	)		(182	)		(39	)		(493	)
	Net income attributable to common equity	$	1,471		$	1,870		$	911		$	3,197		$	7,449
	Basic earnings per share:
	Continuing operations	$	0.11		$	0.07		$	0.12		$	0.15		$	0.45
	Discontinued operations		0.1	(a)		0.2	(b)		0.01			0.31	(c)		0.62
	Net income attributable to common equity	$	0.21		$	0.27		$	0.13		$	0.46		$	1.07
	Dividends declared per share	$	0.3		$	0.3		$	0.3		$	0.66		$	1.56
	(a) Includes $720 reversal of income tax provision ($0.10 per share) (See Note 10)
	(b) Includes gain on sale of discontinued operations of $1,377 ($0.20 per share)
	(c) Includes gain on sale of discontinued operations of $2,168 ($0.31 per share)
	2012:00:00	Quarter Ended												Year
		January 31,			April 30,			July 31,			October 31,			October 31,
	Revenue	$	10,709		$	13,397	(a)	$	10,554		$	10,368		$	45,028
	Expenses		9,265			10,768	(b)		11,626	(b)		9,361			41,020
	Income (loss) from continuing operations		1,444			2,629			(1,072	)		1,007			4,008
	Income from discontinued operations		118			138			181			7,551	(c)		7,988
	Net income (loss)		1,562			2,767			(891	)		8,558			11,996
	Net (income) loss attributable to noncontrolling interest in subsidiaries		(369	)		(824	)		668			(120	)		(645	)
	Net income (loss) attributable to common equity	$	1,193		$	1,943		$	(223	)	$	8,438		$	11,351
	Basic earnings per share:
	Continuing operations	$	0.16		$	0.26	(a),(b)	$	(0.06	)(b)	$	0.13		$	0.49
	Discontinued operations		0.01			0.02			0.03			1.09	(c)		1.15
	Net income (loss) attributable to common equity	$	0.17		$	0.28		$	(0.03	)	$	1.22		$	1.64
	Dividends declared per share	$	0.3		$	0.3		$	0.3		$	0.2		$	1.1
	(a) Includes income related to early lease termination of $2,950 ($0.42 per share)
	(b) Includes deferred project cost write-off of $1,490 ($0.21 per share), and $2,236 ($0.32 per share) in the quarters ended April 30, and July 31, respectively.
	(c) Includes gain on sale of discontinued operation, net of tax, of $7,528 ($1.08 per share)

Organization_and_significant_a1

Organization and significant accounting policies (Policies)	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Adopted and recently issued accounting standards:	'
	Adopted and recently issued accounting standards:
	In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2011-10, “Property, Plant, and Equipment (Topic 360): Derecognition of in Substance Real Estate-a Scope Clarification”. The purpose of this update is to resolve the diversity in practice about whether the guidance under FASB Accounting Standards Codification (“ASC”) Subtopic 360-20, “Property, Plant, and Equipment-Real Estate Sales”, applies to a parent that ceases to have a controlling financial interest in a subsidiary, as specified under ASC Subtopic 810-10, “Non-Controlling Interests in Consolidated Financial Statements – an amendment of ARB No. 51”, that is in substance real estate as a result of default on the subsidiary’s nonrecourse debt. The new guidance is intended to emphasize that accounting for such transactions “is based on their substance rather than their form”, specifically that the parent should only deconsolidate the real estate subsidiary when legal title to the real estate is transferred to the lender and the related nonrecourse debt has been extinguished. The standard takes effect for public companies for fiscal years and interim periods within those years beginning on or after June 15, 2012. The adoption of this guidance in the year ended October 31, 2013 did not have any impact on our financial statements.
	In June 2011, the FASB issued ASU 2011-05, “Presentation of Comprehensive Income”, which supersedes the presentation options in ASC Topic 220, “Reporting of Comprehensive Income”. The new standard provides guidance for the presentation of other comprehensive income (“OCI”) and its components in the financial statements. The new guidance only affects the presentation of OCI, and not the components that must be reported in OCI. The standard takes effect for public companies for fiscal years and interim periods within those years beginning after December 15, 2011. The Company adopted this standard on November 1, 2012 and elected to present a separate Consolidated Statement of Comprehensive Income.
	In December 2011, the FASB issued ASU 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05. This update stated that the specific requirement in ASU 2011-05 to present items that are reclassified from other comprehensive income to net income alongside their respective components of net income and other comprehensive income will be deferred. In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified out of Accumulated Other Comprehensive Income. This update requires companies to present the effects on the line items of net income of significant reclassifications out of accumulated other comprehensive income if the amount being reclassified is required under U.S. generally accepted accounting principles to be reclassified in its entirety to net income in the same reporting period. ASU 2013-02 is effective prospectively for the Company for fiscal years, and interim periods within those years, beginning after December 15, 2012 with early adoption permitted. The Company has not yet adopted this guidance, and does not expect the adoption of this guidance to have a significant impact on its financial statements.
Principles of consolidation:	'
	Principles of consolidation:
	The consolidated financial statements include the accounts of FREIT and the following subsidiaries in which FREIT has a controlling financial interest, including two LLCs in which FREIT is the managing member with a 40% ownership interest:
	Subsidiary	Owning		%		Year
		Entity		Ownership		Acquired/Organized
	S and A Commercial Associates Limited Partnership   (“S and A”)		FREIT		65%		2000
	Westwood Hills, LLC		FREIT		40%		1994
	Damascus Centre, LLC		FREIT		70%		2003
	Damascus Second, LLC		FREIT		70%		2008
	Wayne PSC, LLC		FREIT		40%		2002
	Pierre Towers, LLC		S and A		100%		2004
	Grande Rotunda, LLC		FREIT		60%		2005
	WestFREIT Corp		FREIT		100%		2007
	WestFredic LLC		FREIT		100%		2007
	The consolidated financial statements include 100% of each subsidiary’s assets, liabilities, operations and cash flows, with the interests not owned by FREIT reflected as “noncontrolling interests in subsidiaries”. All significant inter-company accounts and transactions have been eliminated in consolidation.
Use of estimates:	'
	Use of estimates:
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Cash and cash equivalents:	'
	Cash and cash equivalents:
	Financial instruments that potentially subject FREIT to concentrations of credit risk consist primarily of cash and cash equivalents. FREIT considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. FREIT maintains its cash and cash equivalents in bank and other accounts, the balances of which, at times, may exceed federally insured limits of $250,000.
Real estate development costs:	'
	Real estate development costs:
	It is FREIT’s policy to capitalize pre-development costs, which generally include legal and other professional fees and other directly related third-party costs. Real estate taxes and interest costs incurred during the development and construction phases are also capitalized. FREIT ceases capitalization of these costs, when the project or portion thereof becomes operational, or when construction has been postponed. Capitalization of these costs will recommence once construction on the project resumes.
Depreciation:	'
	Depreciation:
	Real estate and equipment are depreciated on the straight-line method by annual charges to operations calculated to absorb costs of assets over their estimated useful lives.
Impairment of long-lived assets:	'
	Impairment of long-lived assets:
	Impairment losses on long-lived assets, such as real estate and equipment, are recognized when events or changes in circumstances indicate that the undiscounted cash flows estimated to be generated by such assets are less than their carrying value and, accordingly, all or a portion of such carrying value may not be recoverable. Impairment losses are then measured by comparing the fair value of assets to their carrying amounts. For the fiscal years ended October 31, 2013, 2012 and 2011, there were no impairments of long-lived assets.
Deferred charges:	'
	Deferred charges:
	Deferred charges consist of mortgage costs and leasing commissions. Deferred mortgage costs are amortized on the straight-line method by annual charges to operations over the terms of the mortgages. Amortization of such costs is included in interest expense and approximated $370,000, $368,000 and $305,000 in 2013, 2012 and 2011, respectively. Deferred leasing commissions are amortized on the straight-line method over the terms of the applicable leases.
Revenue recognition:	'
	Revenue recognition:
	Income from leases is recognized on a straight-line basis regardless of when payment is due. Lease agreements between FREIT and commercial tenants generally provide for additional rentals and reimbursements based on such factors as percentage of tenants’ sales in excess of specified volumes, increases in real estate taxes, Consumer Price Indices and common area maintenance charges. These additional rentals are generally included in income when reported to FREIT, when earned, or ratably over the appropriate period
Interest rate swap contract:	'
	Interest rate swap contract:
	FREIT utilizes derivative financial instruments to reduce interest rate risk. FREIT does not hold or issue derivative financial instruments for trading purposes. FREIT recognizes all derivatives as either assets or liabilities in the consolidated balance sheet and measures those instruments at fair value. Changes in fair value of those instruments are reported in earnings or other comprehensive income depending on the use of the derivative and whether it qualifies for hedge accounting. The accounting for gains and losses associated with changes in fair value of the derivative and the effect on the consolidated financial statements depends on its hedge designation and whether the hedge is highly effective in achieving offsetting changes in the fair value of cash flows or the assets or liabilities hedged (see Note 6).
Advertising:	'
	Advertising:
	FREIT expenses the cost of advertising and promotions as incurred. Advertising costs charged to operations amounted to approximately $93,000, $127,000 and $110,000 in 2013, 2012 and 2011, respectively.
Stock-based compensation:	'
	Stock-based compensation:
	FREIT has a stock-based employee compensation plan that was approved by the Board of Trustees, and ratified by FREIT’s shareholders. Stock based awards under the plan are accounted for based on their grant-date fair value (see Note 11).
	All issuances of shares of beneficial interest, options or other equity instruments to nonemployees as the consideration for goods or services received by FREIT are accounted for based on the fair value of the equity instruments issued (unless the fair value of the consideration received can be more reliably measured).
Acquired over market and below market value leases and in-place leases	'
	Acquired Over Market and Below Market Value Leases and In-Place Leases:
	Capitalized above-market lease values are being amortized as a reduction of base rental revenue over the remaining term of the leases, and the capitalized below-market lease values are being amortized as an increase to base rental revenue over the remaining terms of the leases, including renewal options. The value ascribed to leases in place is being amortized over the weighted average remaining lease terms.
Reclassifications:	'
	Reclassifications:
	Certain revenue and expense accounts in the 2012 and 2011 consolidated financial statements and footnotes related to properties sold in Fiscal 2013 have been reclassified to discontinued operations to conform to the 2013 presentation (see Note 3).

Organization_and_significant_a2

Organization and significant accounting policies (Tables)	12 Months Ended
	Oct. 31, 2013
Accounting Policies [Abstract]	'
Schedule of subsidiaries in which FREIT has a controlling financial interest	'
	The consolidated financial statements include the accounts of FREIT and the following subsidiaries in which FREIT has a controlling financial interest, including two LLCs in which FREIT is the managing member with a 40% ownership interest:
	Subsidiary	Owning		%		Year
		Entity		Ownership		Acquired/Organized
	S and A Commercial Associates Limited Partnership   (“S and A”)		FREIT		65%		2000
	Westwood Hills, LLC		FREIT		40%		1994
	Damascus Centre, LLC		FREIT		70%		2003
	Damascus Second, LLC		FREIT		70%		2008
	Wayne PSC, LLC		FREIT		40%		2002
	Pierre Towers, LLC		S and A		100%		2004
	Grande Rotunda, LLC		FREIT		60%		2005
	WestFREIT Corp		FREIT		100%		2007
	WestFredic LLC		FREIT		100%		2007

Real_estate_and_equipment_Tabl

Real estate and equipment (Tables)	12 Months Ended
	Oct. 31, 2013
Property, Plant and Equipment [Abstract]	'
Schedule of real estate and equipment	'
	Real estate and equipment consists of the following:
		Range of
		Estimated	October 31,
		Useful Lives	2013		2012
			(In Thousands of Dollars)
	Land		$	76,602	$	76,637
	Unimproved land			883		874
	Apartment buildings	7-40 years		81,972		81,784
	Commercial buildings/shopping centers	15-50 years		118,253		115,492
	Equipment/Furniture	3-15 years		2,967		2,814
				280,677		277,601
	Less accumulated depreciation			75,226		69,619
	Totals		$	205,451	$	207,982

Mortgages_notes_payable_and_cr1

Mortgages, notes payable and credit line (Tables)	12 Months Ended
	Oct. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of debt	'
			October 31,
			2013			2012
			(In Thousands of Dollars)
	Frederick, MD (A)		$	22,000		$	22,000
	Rockaway, NJ (B)			18,440			18,828
	Westwood, NJ (C)			—			8,032
	Westwood, NJ (D)			22,388			—
	Patchogue, NY (E)			5,503			5,623
	Wayne, NJ (F)			18,976			19,248
	River Edge, NJ (G):
	First mortgage			3,952			4,098
	Second mortgage			1,494			1,557
	Maywood, NJ (H):
	First mortgage			2,868			2,974
	Second mortgage			1,060			1,105
	Westwood, NJ (I)			22,383			22,774
	Wayne, NJ (J)			26,863			27,697
	Hackensack, NJ (K)			31,797			32,364
	Damascus, MD (L)			19,699			—
	Total fixed rate mortgage loans			197,423			166,300
	Baltimore, MD (M)			—			19,070
	Damascus, MD - Construction Loan (N)			—			15,050
	Line of credit - Provident Bank (O)			2,000			—
	Total mortgages and notes payable		$	199,423		$	200,420
		(A)	Payable in monthly installments of interest only computed over the actual number of days in the elapsed monthly interest period at the rate of 5.55% through May 2017 at which time the outstanding balance is due. The mortgage is secured by a retail building in Frederick, MD having a net book value of approximately $17,967,000 as of October 31, 2013.
		(B)	Payable in monthly installments of $115,850 including interest at 5.37% through February 2022 at which time the outstanding balance is due. The mortgage is secured by a residential building in Rockaway, NJ having a net book value of approximately $17,462,000 as of October 31, 2013.
		(C)	Payable in monthly installments of $73,248 including interest at 7.38% through February 2013 at which time the outstanding balance is due. (See Note 5(D).)
		(D)	On January 14, 2013, FREIT refinanced its Westwood Plaza mortgage loan in the amount of $8.0 million, with a new mortgage loan in the amount of $22,750,000, which is payable in monthly installments of $129,702 including interest at 4.75% through January 2023 at which time the outstanding balance is due. The new mortgage is secured by a retail building in Westwood, NJ having a net book value of approximately $8,641,000 as of October 31, 2013.
		(E)	Payable in monthly installments of $36,457 including interest at 6.125%, through March 2018 at which time the outstanding balance is due. Under the terms of the mortgage loan agreement, FREIT can request, during the term of the loan, additional fundings that will bring the outstanding principal balance up to 75% of loan-to-value (percentage of mortgage loan to total appraised value of property securing the loan). FREIT has renegotiated the interest rate on this loan to a fixed rate of 4.5% from January 1, 2013 until maturity at March 1, 2018. The mortgage is secured by a retail building in Patchogue, NY having a net book value of approximately $7,376,000 as of October 31, 2013.
		(F)	Payable in monthly installments of $121,100 including interest at 6.09%, through September 1, 2019 at which time the outstanding balance is due. The mortgage is secured by an apartment building in Wayne, NJ having a net book value of approximately $1,702,000 as of October 31, 2013.
		(G)	The first mortgage is payable in monthly installments of $34,862 including interest at 6.75% through December 2013 at which time the outstanding balance is due. The second mortgage is payable in monthly installments of $12,318 including interest at 5.53% through December 2013 at which time the outstanding balance is due. On November 19, 2013, FREIT refinanced these mortgage loans, which were scheduled to mature on December 1, 2013. The amount of the new loan is $11,200,000 at a fixed interest rate of 4.5%, with a scheduled maturity of March 1, 2018. The mortgages are secured by an apartment building in River Edge, NJ having a net book value of approximately $1,011,000 as of October 31, 2013.
		(H)	The first mortgage is payable in monthly installments of $25,295 including interest at 6.75% through December 2013 at which time the outstanding balance is due. The second mortgage is payable in monthly installments of $8,739 including interest at 5.53% through December 2013 at which time the outstanding balance is due. On November 19, 2013, FREIT refinanced these mortgage loans, which were scheduled to mature on December 1, 2013. The amount of the new loan is $8,500,000 at a fixed interest rate of 4.5%, with a scheduled maturity of March 1, 2018. The mortgages are secured by an apartment building in Maywood, NJ having a net book value of approximately $684,000 as of October 31, 2013.
		(I)	Payable in monthly installments of $120,752 including interest of 4.62%, through November 1, 2020, at which time the outstanding balance is due. The mortgage is secured by an apartment building in Westwood, NJ having a net book value of approximately $10,667,000 as of October 31, 2013.
		(J)	Payable in monthly installments of $206,960 including interest of 6.04% until June 2016 at which time the unpaid balance is due. The mortgage is secured by a shopping center in Wayne, NJ having a net book value of approximately $27,616,000 as of October 31, 2013.
		(K)	Payable in monthly installments of $191,197 including interest of 5.38% until May 2019 at which time the unpaid balance is due. The mortgage is secured by an apartment building in Hackensack, NJ having a net book value of approximately $40,991,000 as of October 31, 2013.
		(L)	On December 26, 2012, Damascus Centre, LLC refinanced its $15 million construction loan (see Note 5(N)) with long-term financing provided by People’s United Bank. The amount of the new loan is $25 million, of which $20 million has been drawn as of October 31, 2013. The balance, up to an additional $5 million, will be available as a one-time draw over the 36 month period ending December 26, 2015, and the amount available will depend on future leasing at the shopping center. The new loan bears a floating interest rate equal to 210 basis points over the BBA LIBOR and the loan will mature on January 3, 2023. In order to minimize interest rate volatility during the term of the loan, Damascus Centre, LLC entered into an interest rate swap agreement that in effect, converted the floating interest rate to a fixed interest rate of 3.81% over the term of the loan. (See Note 6 for additional information relating to the interest rate swap.) The shopping center securing the loan has a net book value of approximately $30,347,000 as of October 31, 2013.
		(M)	On February 1, 2010, a principal payment of $3 million was made reducing the original loan amount of $22.5 million to $19.5 million and the due date was extended until February 1, 2013. As part of the terms of the loan extension agreement, the loan was further collateralized by a first mortgage lien and the assignment of the ground lease on FREIT’s Rochelle Park, NJ land parcel. Under the restructured terms, the interest rate is now 350 basis points above the BBA LIBOR with a floor of 4%, and monthly principal payments of $10,000 are required. An additional principal payment of $110,000 was required on February 1, 2012 in order to reduce the loan to achieve the stipulated debt service coverage ratio. Under the agreement with the equity owners of Grande Rotunda, LLC, FREIT would be responsible for 60% of any cash required by Grande Rotunda, LLC, and 40% would be the responsibility of the minority interest. The due date of the loan was further extended to May 1, 2013 from February 1, 2013. While the bank agreed to an additional extension of ninety-days (90) from May 1, 2013, FREIT elected to purchase the Rotunda loan from the bank and have all the bank’s rights assigned to FREIT. The purchase of this loan by FREIT was completed on May 28, 2013. FREIT sold this loan to the lender providing the construction financing for the expansion of the Rotunda project. On December 9, 2013, Grande Rotunda, LLC closed with Wells Fargo Bank on a construction loan of up to $120 million to be used for the purpose of funding the major redevelopment and expansion project planned for the Rotunda. The construction loan will be for a term of four (4) years, with one 12-month extension, at a rate of 225 basis points over the monthly LIBOR. The loan will be secured by a mixed-use property in Baltimore, MD (FREIT’s Rotunda property), which has a net book value of approximately $41,545,000 as of October 31, 2013.
		(N)	On February 12, 2008, Damascus Second, LLC closed on a $27.3 million construction loan, secured by the Damascus Center owned by Damascus Centre, LLC located in Damascus, MD. This loan has a term of forty-eight (48) months, with one twelve (12) month extension option, which was exercised. Draws against this loan bear interest at a floating rate equal to 135 basis points over the BBA LIBOR daily floating rate. As a result of a revaluation of future funding needs of the redevelopment project, on May 6, 2010, Damascus Centre, LLC entered into a modification of its construction loan agreement, which reduced the amount of the construction loan facility from $27.3 million to $21.3 million. In addition, the construction completion due date was extended until November 1, 2011. All other terms of the construction loan remain unchanged. As of October 31, 2012, $15.0 million of this loan, which includes accrued interest, was drawn down to cover construction costs, and all construction was completed as of this date. Additional tenant fit-up costs are expected, once the new space is leased and occupied. FREIT guarantees 30% of the outstanding principal amount of the loan plus other costs, if borrower defaults, however, Damascus 100, LLC (a 30% joint venture partner in Damascus Centre, LLC) has indemnified FREIT for up to 30% of any losses under its guaranty. On December 26, 2012, Damascus Centre, LLC refinanced its construction loan with long-term financing provided by People’s United Bank. (See Note 5(L) above.)
		(O)	Credit Line: FREIT has a line of credit provided by the Provident Bank in the amount of $13 million. The line of credit is for a two year term ending on July 29, 2014, but can be cancelled by the bank, at its will, within 60 days before or after each anniversary date. The credit line will automatically be extended at the termination date of the current term and each subsequent term for an additional period of 24 months, provided there is no default and the credit line has not been cancelled. Draws against the credit line can be used for general corporate purposes, for property acquisitions, construction activities, and letters of credit. Draws against the credit line are secured by mortgages on FREIT’s Franklin Crossing Shopping Center, Franklin Lakes, NJ, and retail space in Glen Rock, NJ. Interest rates on draws will be set at the time of each draw for 30, 60, or 90-day periods, based on our choice of the prime rate or at 175 basis points over the 30, 60, or 90-day LIBOR rates at the time of the draws. The interest rate on the line of credit has a floor of 3.5%. The Palisades Manor property was sold in April 2013, and the Grandview Apartments was sold in August 2013. These properties were collateral for the credit line. Provident Bank has released these properties as collateral for the credit line, and as a result, the credit line has been reduced from $18 million to approximately $13 million as of July 2013. As of October 31, 2013, approximately $11 million was available under the line of credit, and $2 million was outstanding.
Schedule of estimated fair value and carrying value of long-term debt	'
	The following table shows the estimated fair value and carrying value of FREIT’s long-term debt at October 31, 2013 and 2012:
			October 31,			October 31,
	($ in Millions)		2013			2012
	Fair Value		$	201.9		$	213.2
	Carrying Value		$	199.4		$	200.4
Schedule of principal amounts of long-term debt	'
	Principal amounts (in thousands of dollars) due under the above obligations in each of the five years subsequent to October 31, 2013 are as follows:
	Year Ending October		Amount
	31,
	2014		$	12,989	(a)
	2015		$	3,777
	2016		$	28,096
	2017		$	25,138
	2018		$	8,117
		(a)	Includes $9.4 million related to the River Edge and Maywood mortgages, which were refinanced in December 2013 (see Note 5(G) & (H)).

Commitments_and_contigencies_T

Commitments and contigencies (Tables)	12 Months Ended
	Oct. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of minimum rental income to be received from non-cancelable operating leases	'
	Minimum rental income (in thousands of dollars) to be received from non-cancelable operating leases in years subsequent to October 31, 2013 is as follows:
	Year Ending October	Amount
	31,
	2014	$	15,899
	2015		14,589
	2016		13,094
	2017		10,301
	2018		8,278
	Thereafter		59,443
	Total	$	121,604

Segment_information_Tables

Segment information (Tables)	12 Months Ended
	Oct. 31, 2013
Segment Information Tables	'
Schedule of segment and related information	'
		October 31,
		2013			2012			2011
		(In Thousands of Dollars)
	Real estate rental revenue:
	Commercial	$	22,876		$	23,383		$	24,117
	Residential		18,497			18,680			18,267
	Totals		41,373			42,063			42,384
	Real estate operating expenses:
	Commercial		9,235			9,526			9,561
	Residential		8,892			8,442			7,863
	Totals		18,127			17,968			17,424
	Net operating income:
	Commercial		13,641			13,857			14,556
	Residential		9,605			10,238			10,404
	Totals	$	23,246		$	24,095		$	24,960
	Recurring capital improvements-
	residential	$	(681	)	$	(697	)	$	(413	)
	Reconciliation to consolidated net
	income-common equity:
	Segment NOI	$	23,246		$	24,095		$	24,960
	Deferred rents - straight lining		(12	)		17			242
	Amortization of acquired above and below
	market value leases		(24	)		(2	)		(25	)
	Net investment income		191			173			101
	General and administrative expenses		(1,623	)		(1,624	)		(1,543	)
	Depreciation		(6,233	)		(6,171	)		(6,054	)
	Deferred project cost write-off, net of
	income relating to early lease termination		—			(776	)		—
	Financing costs		(11,945	)		(11,704	)		(11,452	)
	Income from continuing operations		3,600			4,008			6,229
	Income from discontinued operation		797			460			484
	Gain on sale of discontinued operation		3,545			7,528	(a)		—
	Net income		7,942			11,996			6,713
	Net income attributable to
	noncontrolling interests in subsidiaries		(493	)		(645	)		(1,335	)
	Net income attributable to common equity	$	7,449		$	11,351		$	5,378
	(a) Represents gain of $9,493 net of federal and state tax of $1,965.

Selected_quarterly_financial_d1

Selected quarterly financial data (Tables)	12 Months Ended
	Oct. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Schedule of quarterly results of operation	'
	The following summary represents the results of operations for each quarter for the years ended October 31, 2013 and 2012 (in thousands, except per share amounts):
	2013:00:00	Quarter Ended												Year
		January 31,			April 30,			July 31,			October 31,			October 31,
	Revenue	$	10,387		$	9,907		$	10,384		$	10,659		$	41,337
	Expenses		9,417			9,403			9,339			9,578			37,737
	Income from continuing operations		970			504			1,045			1,081			3,600
	Income from discontinued operations		730	(a)		1,409	(b)		48			2,155	(c)		4,342
	Net income		1,700			1,913			1,093			3,236			7,942
	Net income attributable to noncontrolling interest in subsidiaries		(229	)		(43	)		(182	)		(39	)		(493	)
	Net income attributable to common equity	$	1,471		$	1,870		$	911		$	3,197		$	7,449
	Basic earnings per share:
	Continuing operations	$	0.11		$	0.07		$	0.12		$	0.15		$	0.45
	Discontinued operations		0.1	(a)		0.2	(b)		0.01			0.31	(c)		0.62
	Net income attributable to common equity	$	0.21		$	0.27		$	0.13		$	0.46		$	1.07
	Dividends declared per share	$	0.3		$	0.3		$	0.3		$	0.66		$	1.56
	(a) Includes $720 reversal of income tax provision ($0.10 per share) (See Note 10)
	(b) Includes gain on sale of discontinued operations of $1,377 ($0.20 per share)
	(c) Includes gain on sale of discontinued operations of $2,168 ($0.31 per share)
	2012:00:00	Quarter Ended												Year
		January 31,			April 30,			July 31,			October 31,			October 31,
	Revenue	$	10,709		$	13,397	(a)	$	10,554		$	10,368		$	45,028
	Expenses		9,265			10,768	(b)		11,626	(b)		9,361			41,020
	Income (loss) from continuing operations		1,444			2,629			(1,072	)		1,007			4,008
	Income from discontinued operations		118			138			181			7,551	(c)		7,988
	Net income (loss)		1,562			2,767			(891	)		8,558			11,996
	Net (income) loss attributable to noncontrolling interest in subsidiaries		(369	)		(824	)		668			(120	)		(645	)
	Net income (loss) attributable to common equity	$	1,193		$	1,943		$	(223	)	$	8,438		$	11,351
	Basic earnings per share:
	Continuing operations	$	0.16		$	0.26	(a),(b)	$	(0.06	)(b)	$	0.13		$	0.49
	Discontinued operations		0.01			0.02			0.03			1.09	(c)		1.15
	Net income (loss) attributable to common equity	$	0.17		$	0.28		$	(0.03	)	$	1.22		$	1.64
	Dividends declared per share	$	0.3		$	0.3		$	0.3		$	0.2		$	1.1
	(a) Includes income related to early lease termination of $2,950 ($0.42 per share)
	(b) Includes deferred project cost write-off of $1,490 ($0.21 per share), and $2,236 ($0.32 per share) in the quarters ended April 30, and July 31, respectively.
	(c) Includes gain on sale of discontinued operation, net of tax, of $7,528 ($1.08 per share)

Organization_and_significant_a3

Organization and significant accounting policies (Details Narrative) (USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Organization And Significant Accounting Policies Details Narrative	'	'	'
Advertising costs	$93,000	$127,000	$110,000
Managing member, ownership interest (percentage)	'	40.00%	'
Amortization of mortgage costs and leasing commissions	370,000	368,000	305,000
FDIC insured limits - cash	$250,000	'	'

Organization_and_significant_a4

Organization and significant accounting policies (Details)	13 Months Ended
	Oct. 31, 2013
S and A Commercial Associates Limited Partnership ("S and A")	'
Ownership Percentage	65.00%
Year acquired/organized	'2000
Westwood Hills, LLC	'
Ownership Percentage	40.00%
Year acquired/organized	'1994
Damascus Centre, LLC	'
Ownership Percentage	70.00%
Year acquired/organized	'2003
Damascus Second, LLC	'
Ownership Percentage	70.00%
Year acquired/organized	'2008
Wayne PSC, LLC	'
Ownership Percentage	40.00%
Year acquired/organized	'2002
Pierre Towers, LLC	'
Ownership Percentage	100.00%
Year acquired/organized	'2004
Grande Rotunda, LLC	'
Ownership Percentage	60.00%
Year acquired/organized	'2005
WestFREIT Corp	'
Ownership Percentage	100.00%
Year acquired/organized	'2007
WestFredic LLC	'
Ownership Percentage	100.00%
Year acquired/organized	'2007

Planned_asset_dispositions_Det

Planned asset dispositions (Details Narrative) (USD $)	12 Months Ended	0 Months Ended	15 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2011	Dec. 20, 2013	Oct. 31, 2013	Jul. 27, 2012	Feb. 03, 2012	Apr. 15, 2011	Jul. 07, 2010
		South Brunswick Property	Westridge Square Shopping Center - G-Mart	Westridge Square Shopping Center - G-Mart	Lease termination agreement	Lease termination agreement	Westridge Square Shopping Center
				sqft	sqft	sqft	sqft
Property area (in square feet)	'	'	'	40,000	35,994	55,330	256,620
Change in plan to sell Westridge	'On April 15, 2011, FREIT was notified by Giant of Maryland LLC (Giant), the former tenant and operator of the 55,330 sq. ft. Giant Supermarket at Westridge, that it would not extend the term of its lease, which expired on October 31, 2011. As a result, FREIT halted its efforts to sell Westridge and will reconsider its decision to market Westridge for sale when the space is re-leased.	'	'	'	'	'	'
Payment of tenant improvement costs	'	'	$940	'	'	'	'
Contract sales price	'	11,000	'	'	'	'	'
Carrying value of planned asset dispositions	'	1,100	'	'	'	'	'
Estimated gain on sale of property	'	$8,700	'	'	'	'	'

Discontinued_operations_Detail

Discontinued operations (Details Narrative) (USD $)	12 Months Ended					3 Months Ended	12 Months Ended	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013		Oct. 31, 2012	Oct. 31, 2011	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013
					Heights Manor Apartments	Palisades Manor Apartments	Palisades Manor Apartments	Grandview Apartments	Grandview Apartments	Federal	State
Description of discontinued operations	'		'	'	'The gains from the sales of the three discontinued properties described above, as well as the related results of operations, have been classified as discontinued operations in the accompanying statements of income for all periods presented.	'	'The gains from the sales of the three discontinued properties described above, as well as the related results of operations, have been classified as discontinued operations in the accompanying statements of income for all periods presented.	'	'The gains from the sales of the three discontinued properties described above, as well as the related results of operations, have been classified as discontinued operations in the accompanying statements of income for all periods presented.	'	'
Status of disposal	'		'	'	'On August 29, 2012, FREIT sold its Heights Manor Apartments in Spring Lake Heights, NJ.	'	'On April 26, 2013, FREIT sold its Palisades Manor Apartments in Palisades Park, New Jersey.	'	'On August 13, 2013, FREIT sold its Grandview Apartments in Hasbrouck Heights, New Jersey.	'	'
Sale of property	'		'	'	'	'	$1,600	'	$2,500	'	'
Capital gain on sale of apartments	3,545		7,528	'	9,500	'	1,400	'	2,200	'	'
Deferred gain, if sale structured as like-kind exchange	'		'	'	'	1,400	1,400	'	'	'	'
Distributions to shareholders	'		5,000	'	1,400	1,400	'	2,200	'	'	'
Income taxes on undistributed gains	'		1,965	'	'	'	'	'	'	1,500	400
Income tax adjustment on gain on sale of discontinued operation	-720	[1]	'	'	-720	'	'	'	'	'	'
Revenue from discontinued operations	$317		$1,299	$1,456	'	'	'	'	'	'	'
[1]	Income tax adjustment relating to fiscal 2012 gain on sale of discontinued operation.

Real_estate_and_equipment_Deta

Real estate and equipment (Details) (USD $)	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013	Oct. 31, 2013
In Thousands, unless otherwise specified			Apartment Buildings	Apartment Buildings	Commercial Buildings/Shopping Centers	Commercial Buildings/Shopping Centers	Equipment/Furniture	Equipment/Furniture
			Minimum	Maximum	Minimum	Maximum	Minimum	Maximum
Land	$76,602	$76,637	'	'	'	'	'	'
Unimproved land	883	874	'	'	'	'	'	'
Apartment buildings	81,972	81,784	'	'	'	'	'	'
Commercial buildings/shopping centers	118,253	115,492	'	'	'	'	'	'
Equipment/Furniture	2,967	2,814	'	'	'	'	'	'
[RealEstateInvestmentPropertyAtCost]	280,677	277,601	'	'	'	'	'	'
Less accumulated depreciation	75,226	69,619	'	'	'	'	'	'
Totals	$205,451	$207,982	'	'	'	'	'	'
Estimated Useful Lives	'	'	'7 years	'40 years	'15 years	'50 years	'3 years	'15 years

Mortgages_notes_payable_and_cr2

Mortgages, notes payable and credit line (Details Narrative) (USD $)

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Nov. 19, 2014

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Nov. 19, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2013

Dec. 26, 2012

6-May-10

Oct. 31, 2012

Feb. 12, 2008

Feb. 02, 2013

Oct. 31, 2012

Feb. 01, 2010

Oct. 31, 2013

Dec. 09, 2012

Oct. 31, 2013

Damascus, MD

Frederick, MD

Rockaway, NJ

Westwood, NJ#1

Westwood, NJ #2

Patchogue, NY

Wayne, NJ

River Edge, NJ First Mortgage

River Edge, NJ Second Mortgage

River Edge, NJ Refinanced Mortgage

River Edge, NJ Refinanced Mortgage

Maywood, NJ First Mortgage

Maywood, NJ Second Mortgage

Maywood, NJ Refinance

Maywood, NJ Refinance

Westwood, NJ #3

Wayne, NJ

Hackensack, NJ

Damascus, MD

Damascus, MD

Damascus, MD

Damascus, MD

Damascus, MD

Baltimore, MD

Baltimore, MD

Baltimore, MD

Baltimore, MD

Baltimore, MD

Provident Bank

Damascus Second, LLC

Damascus Second, LLC

Damascus Second, LLC

Grande Rotunda, LLC

Grande Rotunda, LLC

Loan amount

$9,400,000

'

'

'

'

$22,750,000

'

'

'

'

$11,200,000

'

'

'

$8,500,000

'

'

'

'

$25,000,000

$15,000,000

$21,300,000

'

$27,300,000

'

$19,500,000

$22,500,000

'

'

'

Stated interest rate

6.40%

'

5.55%

5.37%

7.38%

4.75%

6.13%

6.09%

6.75%

5.53%

4.54%

'

6.75%

5.53%

4.54%

'

4.62%

6.04%

5.38%

'

'

'

'

'

'

'

'

'

'

'

Amended interest rate at period end

'

'

'

'

'

'

4.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Monthly installment amount

'

'

'

115,850

73,248

129,702

36,457

121,100

34,862

12,318

'

'

25,295

8,739

'

'

120,752

206,960

191,197

'

'

'

'

'

'

'

'

'

'

'

Book value of property securing debt

'

'

17,967,000

17,462,000

'

8,641,000

7,376,000

1,702,000

1,021,000

1,021,000

'

1,011,000

675,000

675,000

'

684,000

10,667,000

27,616,000

40,991,000

30,347,000

'

'

'

'

'

'

41,545,000

'

'

'

Loan-to-value (percentage)

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maturity date

'

'

'

'

'

'

'

'

'

'

1-Dec-23

'

'

'

1-Dec-23

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unused borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,000,000

'

'

15,000

'

'

'

'

'

120,000,000

'

Carrying amount of debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,000,000

'

'

'

'

'

'

'

'

'

'

Period of loan

'

'36 months

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'48 months

'

'

'

'

'

'4 years

'

'2 years

Description of variable rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'BBA Libor

'

'

'

'BBA Libor

'

'Monthly Libor

'

'30, 60, or 90 day LIBOR

Basis points of loan

'

2.10%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.35%

'

'

'

3.50%

'

2.25%

'

1.75%

Debt reduction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

110,000

3,000,000

'

'

'

'

Interest rate floor

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

3.50%

Monthly principal payment amount

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,000

'

'

'

'

Guarantee of outstanding principal amount plus accrued interest (as percentage)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30.00%

'

'

'

'

'

'

'

Line of credit, maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

18,000,000

Line of credit, current borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

13,000,000

Line of credit, remaining capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$11,000,000

Mortgages_notes_payable_and_cr3

Mortgages, notes payable and credit line (Details) (USD $)	Oct. 31, 2013	Oct. 31, 2012
In Thousands, unless otherwise specified
Fixed rate mortgage loans	$197,423	$166,300
Frederick, MD	'	'
Fixed rate mortgage loans	22,000	22,000
Rockaway, NJ	'	'
Fixed rate mortgage loans	18,440	18,828
Westwood, NJ #2	'	'
Fixed rate mortgage loans	223,858	'
Patchogue, NY	'	'
Fixed rate mortgage loans	5,503	5,623
Wayne, NJ	'	'
Fixed rate mortgage loans	18,976	19,248
River Edge, NJ First Mortgage	'	'
Fixed rate mortgage loans	3,952	4,098
River Edge, NJ Second Mortgage	'	'
Fixed rate mortgage loans	1,494	1,557
Maywood, NJ First Mortgage	'	'
Fixed rate mortgage loans	2,868	2,974
Maywood, NJ Second Mortgage	'	'
Fixed rate mortgage loans	1,060	1,105
Westwood, NJ #3	'	'
Fixed rate mortgage loans	22,383	22,774
Wayne, NJ	'	'
Fixed rate mortgage loans	26,863	27,697
Hackensack, NJ	'	'
Fixed rate mortgage loans	31,797	32,364
Damascus, MD	'	'
Fixed rate mortgage loans	19,699	'
Construction loan	'	15,050
Provident Bank	'	'
Line of credit	2,000	'
Westwood, NJ#1	'	'
Fixed rate mortgage loans	'	8,032
Baltimore, MD	'	'
Restructured loan	'	$19,070

Mortgage_notes_payable_and_cre

Mortgage, notes payable and credit line (Details 1) (USD $)	Oct. 31, 2013	Oct. 31, 2012
In Thousands, unless otherwise specified
Mortgage Notes Payable And Credit Line Details 1	'	'
Fair value of long-term debt	$201,900	$213,200
Carrying value of long-term debt	$199,423	$200,420

Mortgages_notes_payable_and_cr4

Mortgages, notes payable and credit line (Details 2) (USD $)	Oct. 31, 2013
In Thousands, unless otherwise specified
Year Ending October 31,	'
2014	$12,989	[1]
2015	3,777
2016	28,096
2017	25,138
2018	$8,117
[1]	Includes $9.4 million related to the River Edge and Maywood mortgages, which were refinanced in December 2013 (see Note 5(G), (H)).

Interest_rate_swap_contract_De

Interest rate swap contract (Details Narrative) (USD $)	12 Months Ended
	Oct. 31, 2013
Interest Rate Swap Contract Details Narrative	'
Notional amount of interest rate swap	$19,729,000
Maturity date	31-Jan-23
Description of swap	'The contract effectively converts the LIBOR based variable rate to a fixed rate of 3.81%.
Fixed interest rate	3.81%
Unrealized gain on cash flow hedge	$980,000

Commitments_and_contigencies_D

Commitments and contigencies (Details Narrative) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012
Commercial space leases, net book value	$144,000	'
Lease terms for tenants, periods	'25 years	'
Total construction costs, including tenant improvements	280,677	277,601
Westwood Plaza Shopping Center	'	'
Flood insurance, amount per incident	500	'
Damascus Center	'	'
Total construction costs, including tenant improvements	22,700	'
Retail space, area (sq ft)	140,000	'
Retail space, area after expansion (sq ft)	150,000	'
Anchored retail space, area (sq ft)	58,000	'
Rotunda Redevelopment Project	'	'
Construction in progress	$10,900	$4,700

Commitments_and_contigencies_D1

Commitments and contigencies (Details) (USD $)	Oct. 31, 2013
In Thousands, unless otherwise specified
Year Ending October 31,	'
2014	$15,899
2015	14,589
2016	13,094
2017	10,301
2018	8,278
Thereafter	59,443
Total	$121,604

Giant_lease_termination_Rotund1

Giant lease termination; Rotunda project cost write-off (Details Narrative) (USD $)	12 Months Ended			0 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011	Jul. 24, 2012	Oct. 31, 2013	Oct. 31, 2012	Feb. 03, 2012	Apr. 15, 2011
				Lease termination agreement	Lease termination agreement	Lease termination agreement	Lease termination agreement	Lease termination agreement
							sqft	sqft
Area of Giant Supermarket (in square feet)	'	'	'	'	'	'	35,994	55,330
Maximum ceiling on space that can be given on lease for use as a food supermarket (in square feet)	'	'	'	'	'	'	20,000	'
Deferred project cost write-off	'	$3,726	'	$2,200	'	$1,490	'	'
Lease termination fee	'	'	'	'	2,950	'	'	'
Accretion of present value discount	'	'	'	'	$87	'	'	'

Management_agreement_fees_and_1

Management agreement, fees and transactions with related party (Details Narrative) (USD $)

12 Months Ended

12 Months Ended

12 Months Ended

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Oct. 31, 2006

Oct. 31, 2013

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

8-May-08

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Oct. 31, 2011

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Damascus Centre, LLC

Grande Rotunda, LLC

Managing Agent "Hekemian"

Managing Agent "Hekemian"

Managing Agent "Hekemian"

Managing Agent "Hekemian"

Resources - Rotunda Redevelopment Project

Resources - Rotunda Redevelopment Project

Resources - Rotunda Redevelopment Project

Resources - Damascus Redevelopment Project

Resources - Damascus Redevelopment Project

Resources - Damascus Redevelopment Project

Resources

Robert S. Hekemian

Robert S. Hekemian

Robert S. Hekemian

Robert S. Hekemian, Jr.

Robert S. Hekemian, Jr.

Robert S. Hekemian, Jr.

Related Party Transaction [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Asset management fees

$1,849,000

$1,863,000

$1,879,000

'

'

$1,747,000

$1,792,000

$1,802,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Leasing commissions and reimbursement of operating expenses

'

'

'

'

'

523,000

718,000

326,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sales commissions

'

'

'

'

'

185,000

317,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other fees - refinancing

'

'

'

'

'

239,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Insurance commissions

'

'

'

'

'

121,000

122,000

97,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consulting services expense

'

'

'

'

'

311,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Management fees outstanding

'

'

'

'

'

152,000

145,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Ownership percentage by noncontrolling interest

'

'

'

30.00%

40.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale of interest

'

'

'

3,224,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Sale of interest, amount financed

'

'

'

1,451,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured loans, outstanding principal

'

'

'

'

'

3,223,000

3,223,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured loans, accrued interest

'

'

'

'

'

386,000

401,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured loans, basis of interest rate

'

'

'

'

'

2.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Approved total amount of advances to employees per original loan agreement

'

'

'

'

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Amended total amount of advances to employees per original loan agreement

'

'

'

'

'

'

'

'

4,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured loans, description

'

'

'

'

'

'

'These loans are secured by the Hekemian employees' interests in Rotunda 100, LLC and Damascus 100, LLC, and are full recourse loans. Interest only payments are required to be made quarterly. No principal payments are required during the term of the notes, except that the borrowers are required to pay to FREIT all refinancing proceeds and other cash flow they receive from their interests in Damascus Centre, LLC and Grande Rotunda. These payments shall be applied first to accrued and unpaid interest and then any outstanding principal. The notes mature at the earlier of (a) ten (10) years after issue (Grande Rotunda 6/19/2015, Damascus Centre, LLC 9/30/2016), or, (b) at the election of FREIT, ninety (90) days after the borrower terminates employment with Hekemian, at which time all outstanding unpaid principal is due.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Development fee (as percentage)

'

'

'

'

'

'

'

'

'

6.38%

'

'

'

'

'

'

'

'

'

'

'

'

Development costs, maximum amount

'

'

'

'

'

'

'

'

'

84,600,000

'

'

'

'

'

'

'

'

'

'

'

'

Redevelopment fee (as percentage)

'

'

'

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

Redevelopment costs, maximum amount

'

'

'

'

'

'

'

'

'

'

'

'

17,300,000

'

'

'

'

'

'

'

'

'

Fee amount

'

'

'

'

'

'

'

'

'

1,400,000

'

'

'

'

'

1,236,190

'

'

'

'

'

'

Fee, monthly amount during design phase

'

'

'

'

'

'

'

'

'

500,000

'

'

'

'

'

'

'

'

'

'

'

'

Fee, to be paid on issuance of certificate of occupancy

'

'

'

'

'

'

'

'

'

900,000

'

'

'

'

'

'

'

'

'

'

'

'

Redevelopment fees

'

'

'

'

'

'

'

'

'

'

'

'

1,824,000

317,000

236,000

'

'

'

'

'

'

'

Development fees paid

'

'

'

'

'

'

'

'

'

'

3,000,000

'

500,000

'

'

'

'

'

'

'

'

'

Development fees

'

'

'

'

'

'

'

'

'

'

'

2,000,000

1,400,000

'

236,190

'

'

'

'

'

'

'

Development fees included in accounts payable

'

'

'

'

'

'

'

'

'

'

'

'

900,000

'

'

'

'

'

'

'

'

'

Trustee fee expense

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$586,000

$546,000

$494,000

$40,000

$43,000

$36,000

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	12 Months Ended			1 Months Ended
In Thousands, unless otherwise specified	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011	Dec. 31, 2013
				Palisades Manor Apartments and Grandview Apartments
Ordinary taxable income distributed as dividends (percentage)	100.00%	100.00%	100.00%	'
Distributions to shareholders	'	$5,000	'	$3,500

Equity_incentive_plan_Details_

Equity incentive plan (Details Narrative) (Equity Incentive Plan)	12 Months Ended
	Oct. 31, 1999	Oct. 31, 2013	Apr. 07, 2007	Sep. 10, 1998
Equity Incentive Plan	'	'	'	'
Shares authorized to be issued under plan	'	'	'	920,000
Increase in number of authorized shares	920,000	'	'	'
Shares available for issuance	'	466,000	'	'
Reserved shares for issuance	'	'	300,000	'

Deferred_fee_plan_Details_Narr

Deferred fee plan (Details Narrative) (Deferred Fee Plan, USD $)	12 Months Ended
	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Deferred Fee Plan	'	'	'
Trustee fee expense	$1,145,000	$1,092,000	$978,000
Deferred trustee fees	4,703,000	4,244,000	'
Deferred accrued interest	$3,110,000	$2,468,000	'
Interest rate on any deferred fee	9.00%	'	'
Term of distribution to participants	'10 years	'	'

Divdends_and_earnings_per_shar

Divdends and earnings per share (Details Narrative) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2013	Jul. 31, 2013	Apr. 30, 2013	Jan. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Divdends And Earnings Per Share Details Narrative	'	'	'	'	'	'	'	'	'	'	'
Dividends declared (amount)	'	'	'	'	'	'	'	'	$10,830	$7,367	$8,330
Dividends declared (per share)	$0.66	$0.30	$0.30	$0.30	$0.20	$0.30	$0.30	$0.30	$1.56	$1.10	$1.20

Segment_information_Details

Segment information (Details) (USD $)

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Oct. 31, 2013

Jul. 31, 2013

Apr. 30, 2013

Jan. 31, 2013

Oct. 31, 2012

Jul. 31, 2012

Apr. 30, 2012

Jan. 31, 2012

Oct. 31, 2013

Oct. 31, 2012

Oct. 31, 2011

Reportable Segments

'

'

'

'

'

'

'

'

'

'

'

Real estate rental revenue

'

'

'

'

'

'

'

'

$35,819

$36,440

$36,739

Real estate operating expenses

9,578

9,339

9,403

9,417

9,361

11,626

[1]

10,768

[1]

9,265

25,983

29,489

25,021

Operating income

'

'

'

'

'

'

'

'

15,354

15,539

17,580

Reconciliation to consolidated net income:

'

'

'

'

'

'

'

'

'

'

'

Segment NOI

'

'

'

'

'

'

'

'

23,246

24,095

24,960

Deferred rents - straight lining

'

'

'

'

'

'

'

'

-12

17

242

Amortization of acquired leases

'

'

'

'

'

'

'

'

-24

-2

-25

Investment income

'

'

'

'

'

'

'

'

191

173

101

General and administrative expenses

'

'

'

'

'

'

'

'

-1,623

-1,624

-1,543

Depreciation

'

'

'

'

'

'

'

'

-6,233

-6,171

-6,054

Deferred project write-off, net of income from early lease termination

'

'

'

'

'

'

'

'

'

-776

'

Financing costs

'

'

'

'

'

'

'

'

-11,945

-11,704

-11,452

Income from continuing operations

1,081

1,045

504

970

1,007

-1,072

2,629

1,444

3,600

4,008

6,229

Income from discontinued operations

2,155

48

1,409

730

7,551

[2]

181

138

118

797

460

484

Gain on sale of discontinued operations, net of tax

'

'

'

'

'

'

'

'

3,545

7,528

[3],[4]

'

Net income

3,236

1,093

1,913

1,700

8,558

-891

2,767

1,562

7,942

11,996

6,713

Net income attributable to noncontrolling interests

-39

-182

-43

-229

-120

668

-824

-369

-493

-645

-1,335

Net income attributable to common equity

3,197

911

1,870

1,471

8,438

-223

1,943

1,193

7,449

11,351

5,378

Commercial

'

'

'

'

'

'

'

'

'

'

'

Reportable Segments

'

'

'

'

'

'

'

'

'

'

'

Real estate rental revenue

'

'

'

'

'

'

'

'

22,876

23,383

23,383

Real estate operating expenses

'

'

'

'

'

'

'

'

9,235

9,526

9,526

Operating income

'

'

'

'

'

'

'

'

13,641

13,857

13,857

Reconciliation to consolidated net income:

'

'

'

'

'

'

'

'

'

'

'

Number of properties

10

'

'

'

10

'

'

'

10

10

10

Residential

'

'

'

'

'

'

'

'

'

'

'

Reportable Segments

'

'

'

'

'

'

'

'

'

'

'

Real estate rental revenue

'

'

'

'

'

'

'

'

18,497

18,680

19,126

Real estate operating expenses

'

'

'

'

'

'

'

'

8,892

8,442

8,666

Operating income

'

'

'

'

'

'

'

'

9,605

10,238

10,460

Recurring capital improvements

'

'

'

'

'

'

'

'

-681

-697

723

Reconciliation to consolidated net income:

'

'

'

'

'

'

'

'

'

'

'

Number of properties

6

'

'

'

6

'

'

'

6

6

6

Total Reportable Segments

'

'

'

'

'

'

'

'

'

'

'

Reportable Segments

'

'

'

'

'

'

'

'

'

'

'

Real estate rental revenue

'

'

'

'

'

'

'

'

41,373

42,063

42,509

Real estate operating expenses

'

'

'

'

'

'

'

'

18,127

17,968

18,192

Operating income

'

'

'

'

'

'

'

'

$23,246

$24,095

$24,317

[1]

Includes deferred project cost write-off of $1,490 ($0.21 per share), and $2,236 ($0.32 per share) in the quarters ended April 30, and July 31, respectively.

[2]

Includes gain on sale of discontinued operation, net of tax, of $7,528 ($1.08 per share)

[3]

Gain on sale of discontinued operation shown net of tax.

[4]

Represents gain of $9,493 net of federal and state tax of $1,965.

Subsequent_events_Details_Narr

Subsequent events (Details Narrative) (USD $)	0 Months Ended			1 Months Ended
	Dec. 17, 2013	Dec. 04, 2013	Oct. 31, 2013	Nov. 19, 2013
				Refinancing - Hammel Gardens & Steuben Arms
Loan amount	'	'	$9,400,000	$19,700,000
Interest rate	'	'	6.40%	4.54%
Net proceeds from refinancing of debt	'	'	'	10,000,000
Authorized shares to be repurchased	'	24,000	'	'
Repurchased share price	$17.50	'	'	'
Cost of shares repurchased	$357,000	'	'	'
Number of shares repurchased	20,400	'	'	'

Selected_quarterly_financial_d2

Selected quarterly financial data (Details) (USD $)	3 Months Ended														12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Oct. 31, 2013		Jul. 31, 2013	Apr. 30, 2013		Jan. 31, 2013		Oct. 31, 2012		Jul. 31, 2012		Apr. 30, 2012		Jan. 31, 2012	Oct. 31, 2013	Oct. 31, 2012	Oct. 31, 2011
Selected Quarterly Financial Data Details	'		'	'		'		'		'		'		'	'	'	'
Revenue	$10,659		$10,384	$9,907		$10,387		$10,368		$10,554		$13,397	[1]	$10,709	$41,337	$45,028	$42,601
Expenses	9,578		9,339	9,403		9,417		9,361		11,626	[2]	10,768	[2]	9,265	25,983	29,489	25,021
Income (loss) from continuing operations	1,081		1,045	504		970		1,007		-1,072		2,629		1,444	3,600	4,008	6,229
Income from discontinued operations	2,155		48	1,409		730		7,551	[3]	181		138		118	797	460	484
Net income (loss)	3,236		1,093	1,913		1,700		8,558		-891		2,767		1,562	7,942	11,996	6,713
Net income attributable to noncontrolling interests in subsidiaries	-39		-182	-43		-229		-120		668		-824		-369	-493	-645	-1,335
Net income (loss) attributable to common equity	$3,197		$911	$1,870		$1,471		$8,438		($223)		$1,943		$1,193	$7,449	$11,351	$5,378
Basic earnings per share:	'		'	'		'		'		'		'		'	'	'	'
Continuing operations	$0.15		$0.12	$0.07		$0.11		$0.13		($0.06)	[2]	$0.26	[1],[2]	$0.16	$0.45	$0.49	$0.70
Discontinued operations	$0.31	[4]	$0.01	$0.20	[5]	$0.10	[6]	$1.09	[3]	$0.03		$0.02		$0.01	$0.62	$1.15	$0.07
Net income (loss) attributable to common equity	$0.46		$0.13	$0.27		$0.21		$1.22		($0.03)		$0.28		$0.17	$1.07	$1.64	$0.77
Dividends per share	$0.66		$0.30	$0.30		$0.30		$0.20		$0.30		$0.30		$0.30	$1.56	$1.10	$1.20
[1]	Includes income related to early lease termination of $2,950 ($0.42 per share)
[2]	Includes deferred project cost write-off of $1,490 ($0.21 per share), and $2,236 ($0.32 per share) in the quarters ended April 30, and July 31, respectively.
[3]	Includes gain on sale of discontinued operation, net of tax, of $7,528 ($1.08 per share)
[4]	Includes gain on sale of discontinued operations of $2,168 ($0.31 per share)
[5]	Includes gain on sale of discontinued operations of $1,377 ($0.20 per share)
[6]	Includes $720 reversal of income tax provision ($0.10 per share) (See Note 10)