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First Real Estate Investment of New Jersey
(OTC:FREVS)
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Rating:69Neutral
Price Target:
$24.00
â–²(12.94% Upside)
Action:Reiterated
Date:09/12/26
The score is primarily driven by improved but still uneven financial performance (strong TTM rebound offset by volatility and leverage comparability risk). Technicals add support with a clear uptrend and positive momentum, while valuation is a notable positive due to the low P/E. Corporate actions are modestly constructive, led by profitable capital recycling and stable governance.
Positive Factors
Strong TTM rebound
The sharp TTM revenue increase and strong reported profitability show materially improved recent performance. If this rebound reflects continuing portfolio operations rather than isolated items, it can expand internal funding capacity and support stronger earnings over the next several quarters.
Negative Factors
Earnings quality volatility
Large swings in net income, gross margin, and reported profitability make the latest earnings rebound harder to treat as a dependable trend. Uneven earnings quality reduces confidence in recurring profit generation and complicates planning, forecasting, and assessment of sustainable returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong TTM rebound
The sharp TTM revenue increase and strong reported profitability show materially improved recent performance. If this rebound reflects continuing portfolio operations rather than isolated items, it can expand internal funding capacity and support stronger earnings over the next several quarters.
Read all positive factors
First Real Estate Investment of New Jersey (FREVS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$160.87M
Dividend Yield1.86%
Average Volume (3M)1.94K
Price to Earnings (P/E)7.0
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. Volume1,135
30 Day Avg. Volume1,941
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 | 2.92M | 9.14M | 22.69M | 11.65M | 25.07M | 42.23M |
| EBITDA | 11.90M | 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 | 0.00 | 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
21.24
Positive
20.10
Positive
16.83
Positive
Market Momentum
0.13
Negative
58.36
Neutral
56.00
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 21.39, above the 50-day MA of 21.24, and above the 200-day MA of 16.83, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 58.36 is Neutral, neither overbought nor oversold. The STOCH value of 56.00 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 | $160.87M | 7.04 | 58.51% | 1.86% | 4.11% | 565.23% | |
69 Neutral | $6.35B | 22.32 | 6.37% | 4.31% | 22.73% | 7.26% | |
69 Neutral | $3.94B | 26.87 | 5.00% | 5.71% | 6.71% | 46.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $2.10B | -33.52 | -0.84% | 8.40% | -29.60% | 77.14% | |
58 Neutral | $507.00M | 15.78 | 10.50% | 7.76% | 9.52% | 21.63% |
* Real Estate Sector Average
FREVS
First Real Estate Investment of New Jersey
21.70
6.29
40.85%
OLP
One Liberty Properties
23.20
1.94
9.11%
NXDT
NexPoint Diversified Real Estate Trust
5.32
1.94
57.30%
GNL
Global Net Lease
9.05
1.56
20.86%
EPRT
Essential Properties Realty
28.79
0.08
0.27%
BNL
Broadstone Net Lease
20.42
2.95
16.91%
First Real Estate Investment of New Jersey Corporate Events
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.