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

 

    July 31,     October 31,  
    2026     2025  
    (In Thousands of Dollars)  
             
Real estate, net   $ 71,023     $ 71,928  
Cash and cash equivalents     576       335  
Tenants' security accounts     623       563  
Receivables and other assets     643       575  
Total assets   $ 72,865     $ 73,401  
                 
Mortgages payable, net of unamortized debt issuance costs   $ 45,258     $ 46,173  
Accounts payable and accrued expenses     710       480  
Reimbursement due to FREIT     209       —  
Tenants' security deposits     638       562  
Deferred revenue     180       152  
Equity     25,870       26,034  
Total liabilities & equity   $ 72,865     $ 73,401  
                 
FREIT's investment in TIC (65% interest)   $ 16,816     $ 16,922  
Reimbursement due to FREIT     209       —  
FREIT's net investment in TIC   $ 17,025     $ 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 nine and three months ended July 31, 2026 and 2025, accounted for by the equity method:

 

    Nine Months Ended July 31,     Three Months Ended July 31,  
    2026     2025     2026     2025  
    (In Thousands of Dollars)     (In Thousands of Dollars)  
                         
Revenue   $ 6,793     $ 6,537     $ 2,323     $ 2,168  
Operating expenses     4,044       3,770       1,410       1,292  
Depreciation     1,815       1,691       607       565  
Operating income     934       1,076       306       311  
                                 
Interest income     20       48       7       12  
Interest expense including amortizationof deferred financing costs     (1,117 )     (1,144 )     (370 )     (379 )
                                 
Net loss   $ (163 )   $ (20 )   $ (57 )   $ (56 )
                                 
FREIT's share of loss on investment in TIC (65% interest)   $ (106 )   $ (13 )   $ (37 )   $ (36 )