First REIT of New Jersey

Symbol: FREVS
CIK: 36840
Exchange: Over-the-Counter (OTC)
Founded: 1961 (58 years)
HQ: Hackensack, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Diversified, Residential, Retail

See FREVS on Google Finance
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See FREVS on SEC.gov

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Overall Score: 4.4

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REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day November 8, 2019


Open Price: N/A
Closing Price: N/A
Price Change: N/A (N/A)
Lowest Price: N/A
Highest Price: N/A

52-Week Low: $14.50
52-Week High: $19.00
52-Week Change: 17.75%

5 Day Price Change: -0.23%
1 Month Price Change: N/A
3 Month Price Change: -1.43%
6 Month Price Change: -5.48%
YTD Price Change: 7.81%
1 Year Price Change: 17.75%
2 Year Price Change: 16.95%
5 Year Price Change: -5.48%

Dividend of Trading Day November 8, 2019


Dividend Yield: N/A
Annualized Dividend: $0.125*
Dividend Yield (TTM): 1.594%
Annualized Dividend (TTM): $0.275
Ex Dividend Date: 2019-11-27
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes.

Key Stats of Trading Day November 8, 2019


Total Cash: $21,747,000
Current Debt: $48,440,000
Revenue: $58,067,000
Gross Profit: $19,364,000
Total Revenue: $58,067,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $32,740,000
Revenue Per Share: $9
Revenue Per Employee: $1,416,268
Employee: 41
Debt to Equity Ratio (D/E): 16.15
Profit Margin: 0.03%
Enterprise Value (EV): $442,317,500
Enterprise Value to Revenue (EV/R): 7.62
Price to Sales (P/S): 2.02
Price to Book (P/B): 5.45
Peg Ratio: N/A
P/E Ratio: 63.63
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $117,058,500
Beta: 0.07
Latest Volume: N/A
Avg. Total Volume: 68
Avg. 10 Volume: 176.20
Avg. 30 Volume: 67.80
TTM EPS: 0.27
TTM Dividend Rate: 0.28
Shares Outstanding: 6,786,000
Float: 5,582,543.62
50-Day Moving Avg.: 17.48
200-Day Moving Avg.: 16.97

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Properties Owned by FREVS


Properties owned:
14
Types:
2
States:
3
Countries:
1
Sample of REIT’s Properties (Image Source - REIT’s website) | See more pictures
FREVS Sample Property
Website Logo See list of properties owned by FREVS
Please visit this REIT’s official webpage to learn more.

Dividend History


Below are the most recent cash dividends paid by FREVS, and the Ex-Dividend Date of the dividend. The percent difference from one dividend payment to the next has also been calculated for your convenience.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date

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Financial Statements Overview

Balance Sheet (Quarterly)

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2019-07-31 2019-04-30 2019-01-31 2018-10-31
Current Cash 0 25,291,000 23,633,000 21,747,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 438,000 1,571,000 2,076,000 4,434,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 11,417,000 10,433,000 10,537,000 10,939,000
Net Tangible Assets 17,337,000 19,172,000 19,497,000 21,488,000
Total Assets 380,825,000 381,933,000 389,324,000 392,073,000
Accounts Payable 0 0 0 0
Liabilities (Other) 23,435,000 21,310,000 21,742,000 20,723,000
Current Liabilities (Other) 848,000 848,000 1,014,000 338,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 48,440,000
Long-term Debt 339,295,000 340,175,000 346,213,000 298,566,000
Total Liabilities 362,730,000 361,485,000 367,955,000 367,729,000
Minority Interest 66,000 44,000 -24,000 -85,000
Common Stock 28,590,000 28,331,000 28,556,000 28,288,000
Retained Earnings -5,710,000 -5,038,000 -4,957,000 -4,376,000
Treasury Stock 4,348,000 4,367,000 4,921,000 4,941,000
Capital Surplus 0 0 0 0
Shareholder Equity 17,337,000 19,172,000 19,497,000 21,488,000

Income Statement (Quarterly)

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2019-07-31 2019-04-30 2019-01-31 2018-10-31
Total Revenue 15,161,000 14,685,000 14,840,000 14,807,000
Cost of Revenue 10,585,000 10,373,000 9,758,000 10,038,000
Gross Profit 4,576,000 4,312,000 5,082,000 4,769,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 10,585,000 10,373,000 9,758,000 10,038,000
Operating Income 4,575,000 4,307,000 4,928,000 4,801,000
Income Expense Net (Other) -4,310,000 -3,477,000 -4,493,000 -4,453,000
EBIT 4,575,000 4,307,000 4,928,000 4,801,000
Interest Income 4,402,000 4,426,000 4,564,000 4,519,000
Pretax Income 265,000 830,000 435,000 348,000
Income Tax 0 0 0 0
Minority Interest 66,000 44,000 -24,000 -85,000
Net Income 199,000 786,000 459,000 433,000
Net Income Basic 199,000 786,000 459,000 433,000

Cash Flow

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2019-07-31 2019-04-30 2019-01-31 2018-10-31
Net Income 199,000 786,000 459,000 433,000
Depreciation 3,219,000 3,212,000 3,246,000 3,478,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 248,000 2,133,000 2,140,000 1,003,000
Cash Flow 2,856,000 3,435,000 4,593,000 3,328,000
Capital Expenditures -733,000 -738,000 -805,000 -1,041,000
Investments 0 7,060,000 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -733,000 6,322,000 -805,000 829,000
Dividends Paid -849,000 -1,013,000 -338,000 -338,000
Net Borrowings -1,100,000 -6,291,000 -1,087,000 -1,080,000
Cash Flow Financing -1,875,000 -7,624,000 -1,648,000 -3,154,000
Financing Cash Flows (Other) 74,000 -320,000 -223,000 -1,736,000
Exchange Rate Effect 0 0 0 0

About First REIT of New Jersey


First Real Estate Investment Trust of New Jersey is a publicly traded (over-the-counter – symbol FREVS.) REIT organized in 1961. Its portfolio of residential and commercial properties extends from Eastern L.I. to Maryland, with the largest concentration in Northern New Jersey.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 5.3
1 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.3
Rating AFFO & Efficiency Section Avg. Rating
7 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 7.1
9 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 8.0
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 5.0
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 5.7
5 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 7.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
6 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.8
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 7.3
Rating Properties Section Avg. Rating
4.4 Overall REITRating™ Score 6.7

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.