FREVS First Real Estate Investment Trust Of New Jersey

All FREVS filings Filing statistics SEC Website

First Real Estate Investment Trust of New Jersey is an equity real estate investment trust. It acquires, develops, constructs and holds real estate properties for long-term investment and not for resale. It operates its business through the Commercial Properties and Residential Properties segments. The Commercial Properties segment contains multi-tenanted retail or office centers, a single tenanted store, as well as owns land in Rockaway and Rochelle Park, NJ. The Residential Properties segment operates multi-family apartment communities. The company was founded on November 1, 1961 and is headquartered in Hackensack, NJ.

Company profile

Ticker

FREVS

Exchange

OTC

CEO

Robert S. Hekemian

Incorporated in

New Jersey

Location

New Jersey

Fiscal year end

Oct 31

Sector

Finance > Real Estate Investment Trusts

Industry (SEC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • Simon Property • Prologis • Welltower • Vornado Realty • Crown Castle International • HCP • Boston Properties ...

SEC CIK

0000036840

Corporate docs

Articles of Incorporation & Bylaws

IRS number

221697095

FREVS stock data

S&P 500 1 month 1 year

Company financial data Financial data

Chart FREVS financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

Quarter (USD)	Apr 19	Jan 19	Oct 18	Jul 18
Revenue	14.79M	14.93M	14.85M	14.63M
Net income	786K	459K	433K	292K
Diluted EPS	0.11	0.07	0.06	0.04
Net profit margin	5.32%	3.07%	2.92%	2.00%
Operating income	4.41M	5.17M	4.81M	4.54M
Net change in cash	1.66M	1.89M	1M	1.84M
Cash on hand	25.29M	23.63M	21.75M	20.74M

Annual (USD)	Oct 18	Oct 17	Oct 16	Oct 15
Revenue	58M	51.63M	46.25M
Net income	1.48M	13.12M	3.01M	2.63M
Diluted EPS	0.21	1.92	0.44	0.39
Net profit margin	2.56%	25.40%	6.50%
Operating income	19.29M	11.98M	14.57M	13.76M
Net change in cash	13.85M	-3.01M	-2.59M	2.95M
Cash on hand	21.75M	7.9M	10.91M	13.5M

Financial data from company earnings reports

Financial report summary

Management Discussion

Real estate revenue for the six months ended April 30, 2019 (“Current Six Months”) increased 4.2% to $29,714,000, compared to $28,519,000 for the six months ended April 30, 2018 (“Prior Year’s Six Months”). For the three months ended April 30, 2019 (“Current Quarter”), real estate revenue increased 3.2% to $14,786,000, compared to $14,325,000 for the three months ended April 30, 2018 (“Prior Year’s Quarter”). The increase in revenue was primarily attributable to an increase in the average occupancy rate at the Rotunda property resulting from the lease-up of the new residential units and retail space at the property.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

New words: advisor, advisory, Artinian, Aslanian, Berdan, committee, consummated, counsel, Court, disposition, expenditure, explained, exploration, explore, exploring, firm, flat, focusing, formal, Garrison, HFF, Holdco, involving, Justin, law, LLP, maximizing, McBride, Meng, Paul, Richard, Rifkind, Ronald, shareholder, timetable, Transform, turn, twelve, Westridge, Wharton

Removed: growth, securing

From filing 10-Q 2019 Q2