Company research
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
CIK 36840Updated Sep 25, 2026
SecurityFREVS · OTC · equity
Name history
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY · through Apr 3, 2025
FREVS price & chart
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
DEFM14A filing
Other Events
Items 8.01, 9.01
Show 5 more recent filings
Entry into a Material Definitive Agreement
Items 1.01, 9.01
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
ARS filing
DEF 14A filing
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 149,874,000Source | 162,264,000Source | 159,115,000Source | 178,649,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 17,926,000Source | 14,914,000Source | 13,217,000Source | 49,578,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 201,000Source | 498,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 124,171,000Source | 136,080,000Source | 140,639,000Source | 153,910,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 75,000Source | 75,000Source | 74,000Source | 73,000Source |
| Additional Paid in CapitalUSD | 32,393,000Source | 32,253,000Source | 32,074,000Source | 30,635,000Source |
| Retained Earnings (Accumulated Deficit)USD | 1,360,000Source | 541,000Source | -8,968,000Source | -6,208,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | 211,000Source | 494,000Source | 1,336,000Source | 1,409,000Source |
| Stockholders' Equity Attributable to ParentUSD | 34,039,000Source | 33,363,000Source | 24,516,000Source | 25,909,000Source |
| Liabilities and EquityUSD | 149,874,000Source | 162,264,000Source | 159,115,000Source | 178,649,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | -8,336,000Source | -7,179,000Source | -6,040,000Source | -1,170,000Source |
| Additional Financial Items | ||||
| Dividends PayableUSD | 747,000Source | 5,224,000Source | 372,000Source | 10,573,000Source |
| Long-term DebtUSD | — | — | 137,062,000Source | 138,072,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 3,146,000Source | 16,933,000Source | -575,000Source | 69,244,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | 1,000Source | 11,000Source | 1,192,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 6,248,000Source | 20,163,000Source | 2,681,000Source | 7,315,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 11,543,000Source | -6,109,000Source | -25,313,000Source | 249,693,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -15,486,000Source | -13,187,000Source | -17,512,000Source | -237,553,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 7,167,000Source | 1,491,000Source | 13,721,000Source | 53,535,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 21,528,000Source | 19,223,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 7,044,000Source | 6,783,000Source | 7,182,000Source | 7,134,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 549,000Source | 647,000Source | 612,000Source | 1,104,000Source |
| Share-based Payment Arrangement, ExpenseUSD | — | — | 11,000Source | — |
| Amortization of Debt Issuance CostsUSD | 459,000Source | 524,000Source | 509,000Source | 971,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | — | — | — | 27,700,000Source |
| DepreciationUSD | 2,965,000Source | 2,981,000Source | 2,944,000Source | 3,995,000Source |
| Depreciation, NonproductionUSD | — | — | 2,944,000Source | 3,995,000Source |
| Dividends PayableUSD | 747,000Source | 5,224,000Source | 372,000Source | 10,573,000Source |
| Financing Interest ExpenseUSD | 7,280,000Source | 7,307,000Source | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | -356,000Source | -1,003,000Source | 68,771,000Source |
| Gain (Loss) on InvestmentsUSD | -135,000Source | -170,000Source | — | — |
| Gain (Loss) on Sale of InvestmentsUSD | -135,000Source | — | — | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | 67,400,000Source | — | — | — |
| Gain (Loss) on Sale of PropertiesUSD | — | — | 70,000,000Source | 70,000,000Source |
| Gain (Loss) Related to Litigation SettlementUSD | — | 15,673,000Source | — | — |
| General and Administrative ExpenseUSD | 2,892,000Source | 4,419,000Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 44,800,000Source | 46,300,000Source | 46,300,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -135,000Source | -170,000Source | -271,000Source | -228,000Source |
| Investment Income, InterestUSD | 1,351,000Source | 1,560,000Source | 1,013,000Source | 358,000Source |
| LitigationSettlementLossUSD | — | 4,500,000Source | — | — |
| Net Income (Loss) Attributable to ParentUSD | 3,509,000Source | 15,852,000Source | 760,000Source | 45,992,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -363,000Source | 1,081,000Source | -1,335,000Source | 23,252,000Source |
| Nonoperating Income (Expense)USD | 26,171,000Source | 11,745,000Source | — | — |
| Operating Costs and ExpensesUSD | 14,250,000Source | 13,745,000Source | — | — |
| Operating ExpensesUSD | 20,107,000Source | 21,145,000Source | 20,941,000Source | 24,279,000Source |
| Operating Lease, Lease IncomeUSD | 26,911,000Source | 26,191,000Source | 25,522,000Source | 28,453,000Source |
| Other Operating Income (Expense), NetUSD | — | — | — | 900,000Source |
| Payments of Financing CostsUSD | 176,000Source | 206,000Source | 481,000Source | 691,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 38,000Source | 1,263,000Source | 2,028,000Source |
| Real Estate Tax ExpenseUSD | 5,933,000Source | 5,992,000Source | 5,891,000Source | 6,202,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 830,000,000Source | 3,717,000Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | 12,000Source | — | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 29,317,000Source | 28,678,000Source | 28,344,000Source | 31,271,000Source |
| Operating Income (Loss)USD | 15,167,000Source | 15,051,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 15,167,000Source | 15,051,000Source | — | — |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -363,000Source | 1,081,000Source | -1,335,000Source | 23,252,000Source |
| Net Income (Loss) Attributable to ParentUSD | 3,509,000Source | 15,852,000Source | 760,000Source | 45,992,000Source |
| Earnings Per Share, BasicUSD per share | 0.47Source | 2.13Source | 0.1Source | 6.52Source |
| Earnings Per Share, DilutedUSD per share | 0.47Source | 2.13Source | 0.1Source | 6.45Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 7,469Source | 7,455Source | 7,441Source | 7,055Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 7,469Source | 7,459Source | 7,447Source | 7,132Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.36Source | 0.85Source | 0.45Source | 9.2Source |
| Financing Interest ExpenseUSD | 7,280,000Source | 7,307,000Source | — | — |
| Gain (Loss) on InvestmentsUSD | -135,000Source | -170,000Source | — | — |
| Gain (Loss) Related to Litigation SettlementUSD | — | 15,673,000Source | — | — |
| General and Administrative ExpenseUSD | 2,892,000Source | 4,419,000Source | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | 44,800,000Source | 46,300,000Source | 46,300,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -135,000Source | -170,000Source | -271,000Source | -228,000Source |
| Interest ExpenseUSD | 7,280,000Source | 7,307,000Source | 7,717,000Source | 8,064,000Source |
| Investment Income, InterestUSD | 1,351,000Source | 1,560,000Source | 1,013,000Source | 358,000Source |
| LitigationSettlementLossUSD | — | 4,500,000Source | — | — |
| Management Fee ExpenseUSD | 1,427,000Source | 1,351,000Source | 418,000Source | 402,000Source |
| Nonoperating Income (Expense)USD | 26,171,000Source | 11,745,000Source | — | — |
| Operating Costs and ExpensesUSD | 14,250,000Source | 13,745,000Source | — | — |
| Operating ExpensesUSD | 20,107,000Source | 21,145,000Source | 20,941,000Source | 24,279,000Source |
| Operating Lease, Lease IncomeUSD | 26,911,000Source | 26,191,000Source | 25,522,000Source | 28,453,000Source |
| Other ExpensesUSD | 166Source | — | — | — |
| Other General ExpenseUSD | 9,782,000Source | 10,821,000Source | — | — |
| Other IncomeUSD | 529,000Source | 600,000Source | — | — |
| Other Operating Income (Expense), NetUSD | — | — | — | 900,000Source |
| Real Estate Tax ExpenseUSD | 5,933,000Source | 5,992,000Source | 5,891,000Source | 6,202,000Source |
Filing attachments
ex99-1.htm · 8-K · 2026-09-11
EX-99.1 2 ex99-1.htm EX-99.1 FREIT Announces Third Quarter Fiscal Year 2026 Results HACKENSACK, NJ, September 11, 2026 - First Real Estate Investment Trust of New Jersey, Inc. (“FREIT” or the “Company”) announced its operating results for the fiscal quarter ended July 31, 2026. FINANCIAL HIGHLIGHTS & OPERATING STATISTICS …
Read attachment ↗ex99-1.htm · 8-K · 2026-07-16
EX-99.1 2 ex99-1.htm EX-99.1 FREIT Declares Third Quarter Fiscal 2026 Dividend HACKENSACK, NJ, July 16, 2026 - On July 16, 2026, the Board of Directors of First Real Estate Investment Trust of New Jersey, Inc. (“FREIT” or the “Trust”) declared a third quarter dividend of $0.10 per share on the Common Stock of the Trust to holders of record of said shares at the close of business on August 31, 2026. The payment date for the dividend is September 14, 2026. The Board of Directors will continue…
Read attachment ↗ea029755401ex99-1.htm · 8-K · 2026-07-09
EX-99.1 2 ea029755401ex99-1.htm PRESS RELEASE - FREIT CLOSES ON SALE OF FRANKLIN CROSSING SHOPPING CENTER Exhibit 99.1 FREIT Closes on Sale of Franklin Crossing Shopping Center HACKENSACK, NJ, July 9, 2026 - First Real Estate Investment Trust of New Jersey, Inc. (“FREIT”) is pleased to announce the successful completion of the sale of its Franklin Crossing shopping center in Franklin Lakes, New Jersey, for an agreed-upon purchase price of $27,000,000. The transaction generated net proceed…
Read attachment ↗ex99-1.htm · 8-K · 2026-06-12
EX-99.1 2 ex99-1.htm EX-99.1 FREIT Announces Second Quarter Fiscal Year 2026 Results Sales of Franklin Crossing for $27 Million and Westwood Plaza for $28.8 Million Expected to Close during the Third Quarter of 2026 and in Early 2027, respectively FREIT to Seek Stockholder Approval to Adopt Previously Announced Plan of Voluntary Liquidation in the Fall of 2026; Estimate of Distributions to Stockholders in Range of $24.44 to $30.03 Per Share HACKENSACK, NJ, June 12, 2026 - First Real Estat…
Read attachment ↗ex99-1.htm · 8-K · 2026-05-14
EX-99.1 3 ex99-1.htm EX-99.1 Exhibit 99.1 FREIT BOARD OF DIRECTORS APPROVES PLAN OF VOLUNTARY LIQUIDATION TO MAXIMIZE VALUE FOR STOCKHOLDERS Current Estimate of Distributions to Stockholders is Approximately $24.44 to $30.03 Per Share; Representing Significant Premium to Latest Closing Stock Price HACKENSACK, NJ, May 14, 2026 - First Real Estate Investment Trust of New Jersey, Inc. (“FREIT” or the “Trust”) announced today that its Board of Directors (the “Board”) has unanimously approved…
Read attachment ↗ex4-1.htm · 8-K · 2026-05-14
EX-4.1 2 ex4-1.htm EX-4.1 Exhibit 4.1 FIRST AMENDMENT TO STOCKHOLDER RIGHTS AGREEMENT THIS FIRST AMENDMENT TO STOCKHOLDER RIGHTS AGREEMENT (this “Amendment”), is made as of May 13, 2026, by and between FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC., a Maryland corporation (the “Company”), and COMPUTERSHARE TRUST COMPANY, N.A., a federally chartered trust company (the “Rights Agent”). Capitalized terms used herein but not defined herein shall have the meanings assigned to them in th…
Read attachment ↗