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First Real Estate Investment Trust Of New Jersey  (NONE: FREVS)
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Price: $17.0050 $-0.18 -1.062%
Day's High: $17.005 Week Perf: -2.27 %
Day's Low: $ 17.01 30 Day Perf: -5.37 %
Volume (M): 0 52 Wk High: $ 18.10
Volume (M$): $ 2 52 Wk Avg: $17.02
Open: $17.01 52 Wk Low: $14.16



 Market Capitalization (Millions $) 127
 Shares Outstanding (Millions) 7
 Employees 13
 Revenues (TTM) (Millions $) 29
 Net Income (TTM) (Millions $) 16
 Cash Flow (TTM) (Millions $) 23
 Capital Exp. (TTM) (Millions $) 1

First Real Estate Investment Trust Of New Jersey
The First Real Estate Investment Trust of New Jersey (FREIT) is a publicly-traded real estate investment trust (REIT) that specializes in acquiring and managing commercial properties in the state of New Jersey. The REIT focuses on properties in the retail, office, industrial, and residential sectors. FREIT aims to generate rental income from its property portfolio and distribute a significant portion of it to its shareholders in the form of dividends. The company's primary objective is to provide stable, long-term cash flow for investors through its real estate investments.


   Company Address: 505 Main Street Hackensack 7601 NJ
   Company Phone Number: 488-6400   Stock Exchange / Ticker: NONE FREVS


   

Stock Performances by Major Competitors

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STOR        0.19% 
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First Real Estate Investment Trust Of New Jersey I

First Real Estate Investment Trust Of New Jersey I Defies Industry Norms with 4.843% Revenue Boost in Q3 2023 Earnings Report

First Real Estate Investment Trust Of New Jersey Faces Setbacks in Q3 2023 Earnings Report
In the recent Q3 2023 earnings report, First Real Estate Investment Trust Of New Jersey experienced a net loss per share of $-0.06, a significant decline from the $0.16 per share profit registered in the same period last year. Despite this setback, the company's revenue saw modest growth, increasing by 4.843% to $7.30 million when compared to the corresponding period a year ago.
However, it is worth noting that the revenue rise of First Real Estate Investment Trust Of New Jersey was slightly lower than that of the rest of the Real Estate Investment Trusts industry, which saw an average growth of 5.18% during the same reporting season in comparison to the previous year. In the previous reporting season, the company recorded revenue of $6.92 million and a bottom line of $0.01 per share.

First Real Estate Investment Trust Of New Jersey

First Real Estate Investment Trust Of New Jersey Bounces Back Impressively with 4.55% Revenue Spike in Q2 2023, Turning Income Positive

As a financial journalist, I have analyzed the second-quarter financial results of the First Real Estate Investment Trust of New Jersey and there are a few noteworthy points to take away.
Firstly, the company's income per share turned positive at $0.01, showing a significant improvement from the previous year's negative income at $-0.05. However, this represented a dip of 83.33% in comparison to the preceding reporting season where earnings per share had been much higher at $0.06.
Revenue was also up modestly by 4.55% at $6.92 million from $6.62 million achieved the year before, but with a sequential decrease of -0.903% from $6.98 million. While this touches on a small increase in revenue, it is important to note the sequential decrease which may indicate an eventual slow down.










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