v3.26.1
Investment in Tenancy-in-Common (Tables)
 3 Months Ended
Jan. 31, 2026
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 January 31, 2026 and October 31, 2025, accounted for by the equity method:

 

   January 31,   October 31, 
   2026   2025 
   (In Thousands of Dollars) 
         
Real estate, net $71,654  $71,928 
Cash and cash equivalents  464   335 
Tenants' security accounts  593   563 
Receivables and other assets  486   575 
Total assets $73,197  $73,401 
           
Mortgages payable, net of unamortized debt issuance costs $45,870  $46,173 
Accounts payable and accrued expenses  581   480 
Tenants' security deposits  590   562 
Deferred revenue  124   152 
Equity  26,032   26,034 
Total liabilities & equity $73,197  $73,401 
           
FREIT's investment in TIC (65% interest) $16,921  $16,922 
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 three months ended January 31, 2026 and 2025, accounted for by the equity method:

 

   Three Months Ended January 31, 
   2026   2025 
   (In Thousands of Dollars) 
         
Revenue $2,217  $2,177 
Operating expenses  1,248   1,237 
Depreciation  603   562 
Operating income  366   378 
           
Interest income  6   19 
Interest expense including amortization of deferred financing costs  (374)  (383)
           
Net (loss) income $(2) $14 
           
FREIT's share of (loss) income on investment in TIC (65% interest) $(1) $9