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First Real Estate Investment of New Jersey
(OTC:FREVS)
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Rating:67Neutral
Price Target:
$23.00
â–²(8.24% Upside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by moderately strong but volatile financial performance (big TTM rebound alongside uneven margins/cash flow and comparability questions from a dramatic leverage shift). Corporate events are a meaningful positive due to the liquidation plan and expected shareholder distributions, while technical indicators are a near-term drag. Valuation is supportive given the low P/E and modest dividend yield.
Positive Factors
Shareholder-approved liquidation and capital return
The approved liquidation plan provides a defined mechanism for selling remaining assets, settling liabilities, and returning capital to shareholders. The stated distribution estimate and initial payment indicate meaningful realizable value, while shareholder approval supports execution certainty over the coming months.
Negative Factors
Liquidation ends the ongoing operating platform
A full wind-down removes the prospect of a continuing diversified real-estate operating business and recurring portfolio growth. Future value depends primarily on asset sales, liability settlement, and distributions, so long-term earnings capacity and strategic optionality will diminish as liquidation advances.
Read all positive and negative factors
Positive Factors
Negative Factors
Shareholder-approved liquidation and capital return
The approved liquidation plan provides a defined mechanism for selling remaining assets, settling liabilities, and returning capital to shareholders. The stated distribution estimate and initial payment indicate meaningful realizable value, while shareholder approval supports execution certainty over the coming months.
Read all positive factors
First Real Estate Investment of New Jersey (FREVS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$163.49M
Dividend Yield1.87%
Average Volume (3M)1.84K
Price to Earnings (P/E)7.1
Beta (1Y)0.10
Revenue Growth4.11%
EPS Growth565.23%
CountryUS
Employees22
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)3.05
Shares Outstanding7,482,432
10 Day Avg. Volume2,079
30 Day Avg. Volume1,839
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)2.95
Price to Sales (P/S)3.43
P/FCF Ratio16.90
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit>-0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 propert...
How the Company Makes Money
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First Real Estate Investment of New Jersey Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| 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 | 28.59M | 12.18M | 11.40M | 10.35M | 10.89M | 22.80M |
| 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
Positive
21.25
Price Trends
21.37
Positive
21.18
Positive
17.49
Positive
Market Momentum
0.05
Negative
54.20
Neutral
78.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FREVS, the sentiment is Positive. The current price of 21.25 is below the 20-day moving average (MA) of 21.53, below the 50-day MA of 21.37, and above the 200-day MA of 17.49, indicating a bullish trend. The MACD of 0.05 indicates Negative momentum. The RSI at 54.20 is Neutral, neither overbought nor oversold. The STOCH value of 78.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
First Real Estate Investment of New Jersey Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $3.50B | 24.42 | 5.00% | 6.29% | 6.71% | 46.35% | |
68 Neutral | $5.58B | 20.08 | 6.37% | 4.86% | 22.73% | 7.26% | |
67 Neutral | $163.49M | 7.08 | 58.51% | 1.87% | 4.11% | 565.23% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
58 Neutral | $479.93M | 14.99 | 10.50% | 8.17% | 9.52% | 21.63% | |
53 Neutral | $1.91B | -30.56 | -0.84% | 9.21% | -29.60% | 77.14% |
* Real Estate Sector Average
FREVS
First Real Estate Investment of New Jersey
21.60
7.95
58.23%
OLP
One Liberty Properties
22.03
2.03
10.15%
NXDT
NexPoint Diversified Real Estate Trust
5.30
2.22
72.08%
GNL
Global Net Lease
8.25
0.86
11.68%
EPRT
Essential Properties Realty
25.90
-2.10
-7.50%
BNL
Broadstone Net Lease
18.56
1.07
6.12%
First Real Estate Investment of New Jersey Corporate Events
Business Operations and StrategyDividendsShareholder Meetings
FREIT Declares Initial Liquidating Distribution to Shareholders
Positive
Sep 30, 2026
On 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. Approxima...
Executive/Board ChangesShareholder Meetings
First Real Estate Investment Trust Announces Shareholder Approvals
Positive
Aug 7, 2026
At 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 co...
Dividends
First REIT of New Jersey Declares Quarterly Dividend
Neutral
Jul 17, 2026
On July 16, 2026, First Real Estate Investment Trust of New Jersey, Inc.’s board declared a third quarter fiscal 2026 dividend of $0.10 per share on its common stock. The dividend will be paid on September 14, 2026 to shareholders of record ...
Business Operations and StrategyM&A Transactions
FREIT Sells Franklin Crossing Center, Recycles Capital
Positive
Jul 9, 2026
On July 8, 2026, First Real Estate Investment Trust of New Jersey closed the sale of its Franklin Crossing shopping center in Franklin Lakes, N.J., to an affiliate of Regency Centers Corporation for $27 million, generating net proceeds of about $2...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.