Investment in Tenancy-in-Common (Tables)

9 Months Ended

Jul. 31, 2025

Investment in Tenancy-in-Common [Abstract]

Schedule of Balance Sheets of the Pierre Towers Property

The following table summarizes the balance sheets of the Pierre Towers property as of July 31, 2025 and October 31, 2024, accounted for by the equity method:

		July 31,				October 31,
		2025				2024
		(In Thousands of Dollars)

Real estate, net		$	72,201			$	72,707
Cash and cash equivalents			532				1,442
Tenants' security accounts			548				528
Receivables and other assets			719				556
Total assets		$	74,000			$	75,233

Mortgages payable, net of unamortized debt issuance costs		$	46,473			$	47,362
Accounts payable and accrued expenses			570				229
Tenants' security deposits			547				529
Deferred revenue			189				172
Equity			26,221				26,941
Total liabilities & equity		$	74,000			$	75,233

FREIT's investment in TIC (65% interest)		$	17,044			$	17,512

Schedule of Statements of Operations of the Pierre Towers Property

The following table summarizes the statements of operations of the Pierre Towers property for the nine and three months ended July 31, 2025 and 2024, accounted for by the equity method:

		Nine Months Ended July 31,								Three Months Ended July 31,
		2025				2024				2025				2024
		(In Thousands of Dollars)								(In Thousands of Dollars)

Revenue		$	6,537			$	6,416			$	2,168			$	2,173
Operating expenses			3,770				3,685				1,292				1,230
Depreciation			1,691				1,674				565				559
Operating income			1,076				1,057				311				384

Interest income			48				59				12				22
Sinatra expenses due to FREIT			—				(166	)			—				(166	)
Interest expense including amortization of deferred financing costs			(1,144	)			(1,170	)			(379	)			(388	)

Net loss		$	(20	)		$	(220	)		$	(56	)		$	(148	)

FREIT's share of loss on investment in TIC (65% interest)		$	(13	)		$	(143	)		$	(36	)		$	(96	)