OTC: FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.CIK 0000036840 · SIC 6798 · Real Estate Investment Trusts
Micro
Revenue $29M
Assets $165M
as of Oct 4, 2026
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8-K
Filed Sep 30, 2026
· Period ending Sep 29, 2026
Summary not yet generated.
10-Q
Filed Sep 11, 2026
· Period ending Jul 31, 2026
Summary not yet generated.
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8-K
Filed Sep 11, 2026
· Period ending Sep 11, 2026
Summary not yet generated.
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.
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 Sep 11, 2026 (period ending Jul 31, 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 | Nine months ended July 31, 2026 | Nine months ended July 31, 2025 | Three months ended July 31, 2026 | Three months ended July 31, 2025 |
|---|---|---|---|---|
| Revenue: | ||||
| Rental income | 20,812 | 20,085 | 6,981 | 6,758 |
| Reimbursements | 1,535 | 1,383 | 415 | 397 |
| Sundry income | 328 | 303 | 141 | 89 |
| Total revenue | 22,675 | 21,771 | 7,537 | 7,244 |
| Expenses: | ||||
| Operating expenses | 8,738 | 7,612 | 3,133 | 2,390 |
| Management fees | 1,052 | 1,036 | 390 | 358 |
| Real estate taxes | 4,508 | 4,415 | 1,499 | 1,478 |
| Depreciation | 2,126 | 2,195 | 681 | 738 |
| Total expenses | 16,424 | 15,258 | 5,703 | 4,964 |
| Investment income | 846 | 1,053 | 297 | 303 |
| Net gain on sale of property | 19,825 | — | 19,825 | — |
| Loss on investment in tenancy-in-common | (106) | (13) | (37) | (36) |
| Interest expense including amortization of deferred financing costs | (5,634) | (5,532) | (1,973) | (1,808) |
| Net income | 21,182 | 2,021 | 19,946 | 739 |
| Net loss attributable to noncontrolling interests in subsidiaries | 538 | 366 | 215 | 140 |
| Net income attributable to common equity | 21,720 | 2,387 | 20,161 | 879 |
| Earnings per share: | ||||
| Basic and diluted | 2.90 | 0.32 | 2.69 | 0.12 |
| Weighted average shares outstanding: | ||||
| Basic and diluted | 7,477 | 7,468 | 7,482 | 7,471 |
Condensed Consolidated Balance Sheets (Unaudited)
(In Thousands, Except Share and Per Share Amounts)
| Description | July 31, 2026 | October 31, 2025 |
|---|---|---|
| ASSETS | ||
| Real estate, at cost, net of accumulated depreciation | 82,173 | 89,419 |
| Construction in progress | 982 | 968 |
| Cash and cash equivalents | 16,024 | 17,926 |
| Investment in U.S. Treasury securities available-for-sale | 41,863 | 18,174 |
| Investment in tenancy-in-common | 17,025 | 16,922 |
| Tenants' security accounts | 806 | 833 |
| Receivables arising from straight-lining of rents | 287 | 472 |
| Accounts receivable, net of allowance for doubtful accounts of $104 and $258 as of July 31, 2026 and October 31, 2025, respectively | 391 | 201 |
| Prepaid expenses and other assets | 5,538 | 4,511 |
| Deferred charges, net | 172 | 238 |
| Interest rate swap contract | 235 | 210 |
| Total Assets | 165,496 | 149,874 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Mortgages payable | 114,840 | 121,300 |
| Less unamortized debt issuance costs | 596 | 516 |
| Mortgages payable, net | 114,244 | 120,784 |
| Due to affiliate | 693 | — |
| Accounts payable and accrued expenses | 881 | 665 |
| Dividends payable | 748 | 747 |
| Tenants' security deposits | 1,007 | 1,132 |
| Deferred revenue | 686 | 843 |
| Total Liabilities | 118,259 | 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 July 31, 2026 and October 31, 2025, respectively | 75 | 75 |
| Additional paid-in-capital | 32,533 | 32,393 |
| Retained earnings | 20,837 | 1,360 |
| Accumulated other comprehensive income | 221 | 211 |
| Total Common Equity | 53,666 | 34,039 |
| Noncontrolling interests in subsidiaries | (6,429) | (8,336) |
| Total Equity | 47,237 | 25,703 |
| Total Liabilities and Equity | 165,496 | 149,874 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In Thousands of Dollars)
| Description | Nine months ended July 31, 2026 | Nine months ended July 31, 2025 |
|---|---|---|
| Operating activities: | ||
| Net income | 21,182 | 2,021 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Net gain on sale of property | (19,825) | — |
| Depreciation | 2,126 | 2,195 |
| Amortization | 632 | 431 |
| Stock awards granted to directors | 140 | 140 |
| Loss on investment in tenancy-in-common | 106 | 13 |
| Deferred rents straight line rent | 6 | 83 |
| Bad debt expense | 49 | 119 |
| Accreted interest on investment in U.S. Treasury securities | (442) | (666) |
| Changes in operating assets and liabilities: | ||
| Tenants' security accounts | (125) | (67) |
| Accounts receivable, prepaid expenses and other assets | (518) | (360) |
| Accounts payable and accrued expenses | 182 | (16) |
| Deferred interest on mortgage | — | (222) |
| Due to affiliate accrued interest | 6 | — |
| Deferred revenue | (157) | 257 |
| Net cash provided by operating activities | 3,362 | 3,928 |
| Investing activities: | ||
| Proceeds from sale of property | 25,717 | — |
| Purchase of U.S. Treasury securities | (62,065) | (37,414) |
| Proceeds from maturities of U.S. Treasury securities | 38,803 | 46,861 |
| Capital improvements | (451) | (557) |
| Deferred leasing costs | (121) | (46) |
| Due from investment in tenancy-in-common for reimbursement of costs | (209) | |
| Distribution from investment in tenancy-in-common | — | 455 |
| Net cash provided by investing activities | 1,674 | 9,299 |
| Financing activities: | ||
| Repayment of mortgages | (6,460) | (6,894) |
| Deferred financing costs | (647) | (170) |
| Due to affiliate loan proceeds | 687 | — |
| Dividends paid | (2,242) | (6,419) |
| Contributions from noncontrolling interests in subsidiaries Preferred Member | 3,000 | — |
| Distributions to noncontrolling interests in subsidiaries | (555) | (644) |
| Net cash used in financing activities | (6,217) | (14,127) |
| Net decrease in cash, cash equivalents and restricted cash | (1,181) | (900) |
| Cash, cash equivalents and restricted cash, beginning of period | 21,528 | 19,223 |
| Cash, cash equivalents and restricted cash, end of period | 20,347 | 18,323 |
| Supplemental disclosure of cash flow data: | ||
| Interest paid | 5,061 | 5,390 |
| Supplemental schedule of non cash activities: | ||
| Investing activities: | ||
| Accrued transactional costs for sale of property | 25 | — |
| Accrued capital expenditures, construction costs and pre-development costs | 36 | 64 |
| Financing activities: | ||
| Dividends declared but not paid | 748 | 748 |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets: | ||
| Cash and cash equivalents | 16,024 | 14,604 |
| Tenants' security accounts | 806 | 867 |
| Mortgage escrows (included in prepaid expenses and other assets) | 3,517 | 2,852 |
| Total cash, cash equivalents and restricted cash | 20,347 | 18,323 |
Amounts as printed on the EDGAR/iXBRL face — (In Thousands, Except Per Share Amounts); (In Thousands, Except Share and Per Share Amounts); (In Thousands of Dollars). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗