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First Real Estate Investment of New Jersey (FREVS) AI Stock Analysis
First Real Estate Investment of New Jersey
(Other OTC:FREVS)
FREVS scores in the middle of the range. The dominant consideration is that the trust is being wound down: shareholders approved a liquidation plan, an initial $3.20 per share distribution has been declared, and estimated total distributions of $24.44-$30.03 per share sit above the current $21.20 price, offering potential value alongside real execution and timing risk. Financially, the company is far safer than in prior years after eliminating its debt load, but the earnings engine has shrunk, cash generation has fallen to under $6M annually, and reported profits lean heavily on property sale gains rather than recurring rental income. Technically, the stock holds a solid position above its 200-day average although near-term momentum has softened. Valuation looks cheap on a 6.9 P/E, but that figure is distorted by one-time gains, and the 1.9% yield is light for a REIT.
First Real Estate Investment of New Jersey (FREVS) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $141.42M
- Dividend Yield
- 19.10%
- Average Volume (3M)
- 3,188
- Price to Earnings (P/E)
- 6.2
- Beta (1Y)
- 0.16
- Revenue Growth
- 4.11%
- EPS Growth
- 565.23%
- Country
- US
- Employees
- 22
- Sector
- Real Estate
- Sector Strength
- 65
- Industry
- REIT - Diversified
First Real Estate Investment of New Jersey Business Overview & Revenue Model
Company Description
First Real Estate Investment Trust of New Jersey, a publicly traded REIT (Real Estate Investment Trust) established in 1961 and listed over-the-counter with the symbol FREVS, manages a collection of residential and commercial assets. These properties...
How the Company Makes Money
null
First Real Estate Investment of New Jersey Financial Statement Overview
Summary
A much safer balance sheet is the standout: debt has been cut from $299.9M in 2021 to effectively nil in the latest TTM period, while equity more than doubled since 2023 to $53.7M (Balance Sheet 66). However, the income statement (53) shows revenue down roughly 40% from 2021 levels to $30.2M and profits dominated by one-time property sale gains rather than recurring rent, making the 75.6% TTM net margin unreliable; steadier 26-31% operating margins are the better guide. Cash flow is the weakest link (48), with operating and free cash flow of just $5.7M, down from $20.2M in fiscal 2024, leaving thin internal funding relative to a $165.5M asset base.
Income Statement
53NeutralBalance Sheet
66PositiveCash Flow
48Neutral| Breakdown | TTM | Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.22M | 29.32M | 28.68M | 28.34M | 31.27M | 50.29M |
| Gross Profit | -3.58M | 9.14M | 22.69M | 11.65M | 25.07M | 42.23M |
| EBITDA | 29.70M | 12.18M | 11.40M | 10.96M | 81.22M | 24.45M |
| Net Income | 22.84M | 3.51M | 15.85M | 760.00K | 45.99M | -9.95M |
Balance Sheet | ||||||
| Total Assets | 165.50M | 149.87M | 162.26M | 159.12M | 178.65M | 346.11M |
| Cash, Cash Equivalents and Short-Term Investments | 57.89M | 36.10M | 44.17M | 14.55M | 49.58M | 35.89M |
| Total Debt | 114.24M | 120.78M | 128.07M | 137.06M | 138.07M | 299.88M |
| Total Liabilities | 118.26M | 124.17M | 136.08M | 140.64M | 153.91M | 314.15M |
| Stockholders Equity | 53.67M | 34.04M | 33.36M | 24.52M | 25.91M | 36.57M |
Cash Flow | ||||||
| Free Cash Flow | 5.73M | 5.94M | 18.92M | 1.39M | 5.75M | 10.28M |
| Operating Cash Flow | 5.68M | 6.25M | 20.16M | 2.68M | 7.32M | 12.22M |
| Investing Cash Flow | 3.92M | 11.54M | -6.11M | -25.31M | 249.69M | -1.79M |
| Financing Cash Flow | -7.58M | -15.49M | -13.19M | -17.51M | -237.55M | -10.90M |
First Real Estate Investment of New Jersey Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FREVS, the sentiment is Neutral. The current price of 18.84 is below the 20-day moving average (MA) of 19.98, below the 50-day MA of 20.86, and above the 200-day MA of 18.02, indicating a neutral trend. The MACD of -0.73 indicates Positive momentum. The RSI at 29.41 is Positive, neither overbought nor oversold. The STOCH value of 70.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FREVS.
First Real Estate Investment of New Jersey Risk Analysis
First Real Estate Investment of New Jersey disclosed 16 risk factors in its most recent earnings report. First Real Estate Investment of New Jersey reported the most risks in the "Production" category.
Latest Risks Added
0 New RisksFirst Real Estate Investment of New Jersey Peers Comparison
Overall Rating
EPRT67Neutral
BNL62Neutral- FREVS61Neutral
OLP58Neutral
GNL53Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| EPRT | 67Neutral | $5.94B | 21.57 | 5.99% | 4.71% | 20.67% | -1.36% |
| Sector * | 65Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
| BNL | 62Neutral | $3.28B | 22.50 | 5.07% | 6.83% | 7.70% | 61.99% |
| FREVS | 61Neutral | $141.01M | 6.19 | 58.51% | 19.10% | 4.11% | 565.23% |
| OLP | 58Neutral | $486.92M | 15.18 | 10.50% | 8.07% | 9.52% | 21.63% |
| GNL | 53Neutral | $1.61B | -25.81 | -0.84% | 10.90% | -29.60% | 77.14% |
* Real Estate Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| FREVS | First Real Estate Investment Trust of New Jersey | 18.84 | 6.89 | 57.65% | |
| OLP | One Liberty Properties | 22.31 | 3.75 | 20.20% | |
| NXDT | NexPoint Diversified Real Estate Trust | 3.96 | 1.19 | 42.91% | |
| GNL | Global Net Lease | 6.97 | 0.05 | 0.68% | |
| EPRT | Essential Properties Realty Trust | 26.75 | -1.57 | -5.53% | |
| BNL | Broadstone Net Lease, Inc. | 17.10 | 0.19 | 1.14% |
First Real Estate Investment of New Jersey Corporate Events
FREIT Declares Initial Liquidating Distribution to Shareholders
PositiveOn September 29, 2026, First Real Estate Investment Trust of New Jersey stockholders approved a voluntary Plan of Liquidation, authorizing the sale or transfer of all assets, the winding up of operations and the dissolution of the trust. Approximatel...
First Real Estate Investment Trust Announces Shareholder Approvals
PositiveAt the annual meeting of stockholders held on August 6, 2026, First Real Estate Investment Trust of New Jersey, Inc. reported that shareholders re-elected directors Robert S. Hekemian, Jr. and David F. McBride to new three-year terms, signaling conti...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Sep 30, 2026