| Schedule of Consolidated Net Income Attributable to Common Equity |
Asset information is not reported since FREIT does not use this measure to assess performance. | | | Six Months Ended | | | Three Months Ended | | | | | April 30, | | | April 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | (In Thousands of Dollars) | | | (In Thousands of Dollars) | | | Real estate rental revenue: | | | | | | | | | | | | | | | | | | Commercial | | $ | 4,042 | | | $ | 3,780 | | | $ | 2,084 | | | $ | 1,846 | | | Residential | | | 11,106 | | | | 10,803 | | | | 5,551 | | | | 5,440 | | | Total real estate rental revenue | | | 15,148 | | | | 14,583 | | | | 7,635 | | | | 7,286 | | | | | | | | | | | | | | | | | | | | | Real estate operating expenses: | | | | | | | | | | | | | | | | | | Commercial | | | 2,828 | | | | 2,650 | | | | 1,479 | | | | 1,283 | | | Residential | | | 4,683 | | | | 4,551 | | | | 2,342 | | | | 2,182 | | | Total real estate operating expenses | | | 7,511 | | | | 7,201 | | | | 3,821 | | | | 3,465 | | | | | | | | | | | | | | | | | | | | | Net operating income: | | | | | | | | | | | | | | | | | | Commercial | | | 1,214 | | | | 1,130 | | | | 605 | | | | 563 | | | Residential | | | 6,423 | | | | 6,252 | | | | 3,209 | | | | 3,258 | | | Total net operating income | | $ | 7,637 | | | $ | 7,382 | | | $ | 3,814 | | | $ | 3,821 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Recurring capital improvements - residential | | $ | (248 | ) | | $ | (203 | ) | | $ | (186 | ) | | $ | (126 | ) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Reconciliation to condensed consolidated net income attributable to common equity: | | | | | | | | | | | | | | | | | | Segment NOI | | $ | 7,637 | | | $ | 7,382 | | | $ | 3,814 | | | $ | 3,821 | | | Deferred rents - straight lining | | | (10 | ) | | | (56 | ) | | | (1 | ) | | | (28 | ) | | Investment income | | | 549 | | | | 750 | | | | 265 | | | | 350 | | | General and administrative expenses | | | (1,765 | ) | | | (1,636 | ) | | | (1,052 | ) | | | (791 | ) | | (Loss) income on investment in tenancy-in-common | | | (69 | ) | | | 23 | | | | (68 | ) | | | 14 | | | Depreciation | | | (1,445 | ) | | | (1,457 | ) | | | (724 | ) | | | (734 | ) | | Financing costs | | | (3,661 | ) | | | (3,724 | ) | | | (1,800 | ) | | | (1,851 | ) | | Net income | | | 1,236 | | | | 1,282 | | | | 434 | | | | 781 | | | Net loss attributable to noncontrolling interests in subsidiaries | | | 323 | | | | 226 | | | | 182 | | | | 113 | | | Net income attributable to common equity | | $ | 1,559 | | | $ | 1,508 | | | $ | 616 | | | $ | 894 | |
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