First Real Estate Investment of New Jersey (FREVS) AI Stock Analysis

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First Real Estate Investment of New Jersey

(Other OTC:FREVS)

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Rating:76Outperform

Price Target:$21.50▲(14.12% Upside)

Action:reiterated

Date:09/30/26

The overall score is driven primarily by the favorable corporate events and liquidation plan, which imply substantial capital return to shareholders, and by an attractive low P/E valuation, supported by a currently strong, de-risked financial position with zero debt and solid profitability; these positives are tempered by historically volatile earnings and cash flows and by currently mixed technical momentum, as the stock trades above longer-term averages but shows weak short-term indicators and no ongoing growth beyond the planned liquidation.

Positive Factors

Planned Capital ReturnThe approved liquidation plan provides a defined mechanism for returning asset-sale proceeds to shareholders, with management estimating substantial aggregate distributions. This can unlock value from remaining properties and reduce uncertainty around capital allocation as the wind-down progresses.

Negative Factors

Business Wind-DownA full liquidation ends the company’s ongoing operating platform rather than preserving it as a continuing real estate enterprise. This removes the prospect of future recurring growth and means shareholder outcomes depend primarily on executing asset sales, settling liabilities, and completing distributions.

First Real Estate Investment of New Jersey (FREVS) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $141.57M
Dividend Yield: 19.11%
Average Volume (3M): 3,243
Price to Earnings (P/E): 6.2
Beta (1Y): 0.18
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

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First Real Estate Investment of New Jersey Financial Statement Overview

Summary

Financials show very strong recent profitability, zero debt, and consistent positive operating and free cash flow, but large historical swings in earnings, margins, leverage, and cash flows indicate reliance on non-recurring factors and raise doubts about long-term earnings stability.

Income Statement

70Positive

Balance Sheet

83Very Positive

Cash Flow

66Positive

Financial statement breakdown
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

Technical Analysis SentimentNeutral

Last Price18.84

Price Trends

50DMA20.41Negative

100DMA20.80Negative

200DMA18.23Positive

Market Momentum

MACD-0.45Negative

RSI34.98Neutral

STOCH61.73Neutral

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 above the 20-day moving average (MA) of 18.74, below the 50-day MA of 20.41, and above the 200-day MA of 18.23, indicating a neutral trend. The MACD of -0.45 indicates Negative momentum. The RSI at 34.98 is Neutral, neither overbought nor oversold. The STOCH value of 61.73 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.

Production - Risks related to the company’s ability to manufacture goods and services

Latest Risks Added

0 New Risks

First Real Estate Investment of New Jersey Peers Comparison

Overall Rating

UnderperformOutperform

Sector (65)

Financial Indicators

FREVS against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FREVS	76Outperform	$140.97M	6.20	58.51%	19.11%	4.11%	565.23%
EPRT	67Neutral	$6.21B	22.36	5.99%	4.56%	20.67%	-1.36%
Sector *	65Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BNL	62Neutral	$3.40B	23.11	5.07%	6.68%	7.70%	61.99%
OLP	59Neutral	$465.08M	20.27	7.44%	8.49%	10.68%	-26.89%
GNL	43Neutral	$1.50B	-25.86	-0.61%	11.36%	-21.80%	77.49%

* Real Estate Sector Average

Performance Comparison

FREVS and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FREVS	First Real Estate Investment Trust of New Jersey	18.84	7.40	64.64%
OLP	One Liberty Properties	21.19	2.18	11.45%
NXDT	NexPoint Diversified Real Estate Trust	3.06	0.56	22.50%
GNL	Global Net Lease	6.69	-0.59	-8.10%
EPRT	Essential Properties Realty Trust	27.63	-1.92	-6.50%
BNL	Broadstone Net Lease, Inc.	17.48	0.25	1.47%

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. Approximatel...

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.

Date of analysis: Sep 30, 2026

First Real Estate Investment of New Jersey AI Stock Analysis