OTC: FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.CIK 0000036840 · SIC 6798 · Real Estate Investment Trusts
Micro
Revenue $29M
Assets $149M
as of Aug 26, 2026
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8-K
Filed Aug 7, 2026
· Period ending Aug 6, 2026
Summary not yet generated.
8-K
Filed Jul 16, 2026
· Period ending Jul 16, 2026
Summary not yet generated.
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8-K
Filed Jul 9, 2026
· Period ending Jul 8, 2026
Summary not yet generated.
8-K
Filed Jun 12, 2026
· Period ending Jun 12, 2026
Summary not yet generated.
10-Q
Filed Jun 12, 2026
· Period ending Apr 30, 2026
Summary not yet generated.
10-Q
Filed Mar 17, 2026
· Period ending Jan 31, 2026
Summary not yet generated.
10-K
Filed Jan 29, 2026
· Period ending Oct 31, 2025
Summary not yet generated.
10-K
Filed Jan 29, 2025
· Period ending Oct 31, 2024
Summary not yet generated.
10-K/A
Filed Feb 21, 2020
· Period ending Oct 31, 2019
Summary not yet generated.
10-Q/A
Filed Jun 29, 2004
· Period ending Apr 30, 2004
Summary not yet generated.
Latest financial statements
From 10-Q filed Jun 12, 2026 (period ending Apr 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Income (Unaudited)
(In Thousands, Except Per Share Amounts)
| Description | Six months ended April 30, 2026 | Six months ended April 30, 2025 | Three months ended April 30, 2026 | Three months ended April 30, 2025 |
|---|---|---|---|---|
| Revenue: | ||||
| Rental income | 13,831 | 13,327 | 6,980 | 6,735 |
| Reimbursements | 1,120 | 986 | 567 | 421 |
| Sundry income | 187 | 214 | 87 | 102 |
| Total revenue | 15,138 | 14,527 | 7,634 | 7,258 |
| Expenses: | ||||
| Operating expenses | 5,605 | 5,222 | 3,045 | 2,457 |
| Management fees | 662 | 678 | 317 | 310 |
| Real estate taxes | 3,009 | 2,937 | 1,511 | 1,489 |
| Depreciation | 1,445 | 1,457 | 724 | 734 |
| Total expenses | 10,721 | 10,294 | 5,597 | 4,990 |
| Investment income | 549 | 750 | 265 | 350 |
| (Loss) income on investment in tenancy-in-common | (69) | 23 | (68) | 14 |
| Interest expense including amortization of deferred 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 |
| Earnings per share: | ||||
| Basic and diluted | 0.21 | 0.20 | 0.08 | 0.12 |
| Weighted average shares outstanding: | ||||
| Basic and diluted | 7,474 | 7,466 | 7,477 | 7,469 |
Condensed Consolidated Balance Sheets (Unaudited)
(In Thousands, Except Share and Per Share Amounts)
| Description | April 30, 2026 | October 31, 2025 |
|---|---|---|
| ASSETS | ||
| Real estate, at cost, net of accumulated depreciation | 88,264 | 89,419 |
| Construction in progress | 982 | 968 |
| Cash and cash equivalents | 14,168 | 17,926 |
| Investment in U.S. Treasury securities available-for-sale | 21,317 | 18,174 |
| Investment in tenancy-in-common | 16,853 | 16,922 |
| Tenants' security accounts | 812 | 833 |
| Receivables arising from straight-lining of rents | 462 | 472 |
| Accounts receivable, net of allowance for doubtful accounts of $163 and $258 as of April 30, 2026 and October 31, 2025, respectively | 468 | 201 |
| Prepaid expenses and other assets | 4,837 | 4,511 |
| Deferred charges, net | 270 | 238 |
| Interest rate swap contract | 215 | 210 |
| Total Assets | 148,648 | 149,874 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Mortgages payable | 120,342 | 121,300 |
| Less unamortized debt issuance costs | 402 | 516 |
| Mortgages payable, net | 119,940 | 120,784 |
| Accounts payable and accrued expenses | 866 | 665 |
| Dividends payable | 748 | 747 |
| Tenants' security deposits | 1,145 | 1,132 |
| Deferred revenue | 923 | 843 |
| Total Liabilities | 123,622 | 124,171 |
| Commitments and contingencies | ||
| Common Equity: | ||
| Preferred stock with par value of $0.01 per share: 5,000,000 and 0 shares authorized and issued, respectively | — | — |
| Common stock with par value of $0.01 per share: 20,000,000 shares authorized; 7,482,432 and 7,471,344 shares issued at April 30, 2026 and October 31, 2025, respectively | 75 | 75 |
| Additional paid-in-capital | 32,533 | 32,393 |
| Retained earnings | 1,424 | 1,360 |
| Accumulated other comprehensive income | 208 | 211 |
| Total Common Equity | 34,240 | 34,039 |
| Noncontrolling interests in subsidiaries | (9,214) | (8,336) |
| Total Equity | 25,026 | 25,703 |
| Total Liabilities and Equity | 148,648 | 149,874 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(in thousands)
| Description | Six months ended April 30, 2026 | Six months ended April 30, 2025 |
|---|---|---|
| Operating activities: | ||
| Net income | 1,236 | 1,282 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation | 1,445 | 1,457 |
| Amortization | 349 | 280 |
| Stock awards granted to directors | 140 | 140 |
| Loss (income) on investment in tenancy-in-common | 69 | (23) |
| Deferred rents straight line rent | 10 | 56 |
| Bad debt expense | 15 | 72 |
| Accreted interest on investment in U.S. Treasury securities | (266) | (487) |
| Changes in operating assets and liabilities: | ||
| Tenants' security accounts | 13 | (39) |
| Accounts receivable, prepaid expenses and other assets | (619) | (785) |
| Accounts payable and accrued expenses | 146 | 61 |
| Deferred revenue | 80 | 248 |
| Net cash provided by operating activities | 2,618 | 2,262 |
| Investing activities: | ||
| Purchase of U.S. Treasury securities | (26,843) | (28,247) |
| Proceeds from maturities of U.S. Treasury securities | 23,958 | 30,205 |
| Capital improvements | (249) | (383) |
| Deferred leasing costs | (76) | (15) |
| Distribution from investment in tenancy-in-common | — | 455 |
| Net cash (used in) provided by investing activities | (3,210) | 2,015 |
| Financing activities: | ||
| Repayment of mortgages | (958) | (968) |
| Deferred financing costs | (191) | (104) |
| Dividends paid | (1,494) | (5,821) |
| Distributions to noncontrolling interests in subsidiaries | (555) | (642) |
| Net cash used in financing activities | (3,198) | (7,535) |
| Net decrease in cash, cash equivalents and restricted cash | (3,790) | (3,258) |
| Cash, cash equivalents and restricted cash, beginning of period | 21,528 | 19,223 |
| Cash, cash equivalents and restricted cash, end of period | 17,738 | 15,965 |
| Supplemental disclosure of cash flow data: | ||
| Interest paid | 3,356 | 3,379 |
| Supplemental schedule of non cash activities: | ||
| Investing activities: | ||
| Accrued capital expenditures, construction costs and pre-development costs | 82 | 72 |
| Financing activities: | ||
| Dividends declared but not paid | 748 | 598 |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets: | ||
| Cash and cash equivalents | 14,168 | 11,435 |
| Tenants' security accounts | 812 | 888 |
| Mortgage escrows (included in prepaid expenses and other assets) | 2,758 | 3,642 |
| Total cash, cash equivalents and restricted cash | 17,738 | 15,965 |
Amounts as printed on the EDGAR/iXBRL face — (In Thousands, Except Per Share Amounts); (In Thousands, Except Share and Per Share Amounts); (in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗