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First Real Estate Investment Trust Of New Jersey I  (FREVS)
 

First Real Estate Investment Trust Of New Jersey reported a jaw-dropping -34.463 %, in revenue, all along the fiscal first quarter of 2023

FREVS reported first quarter of 2023 operating income of $2.043 million


Published Mar 17 2023
CSIMarket Team / CSIMarket.com


pexels-photo-443383For the November to January 31 2023 period FREVS income fell sharply by -99.07 % of $0.06 per share compare to $6.45 a year ago and net profit per share turned positive from $-0.08 per share from the previous reporting period.

The revenue faded by -34.463 % to $6.98 million from $10.65 million in the comparable reporting period a year ago and sequentially Revenue decreased by -0.979 % from $7.05 million.




Earnings of $0.046 million in the November to January 31 2023 period fell by -99.93 % from $69.153 million in the corresponding period a year before. Profitability was different in the November to January 31 2023 period, while First Real Estate Investment Trust Of New Jersey's operating margin with $2.043 million in operating income increased to 29.27%, net margin on the other hand recoiled to 0.66%.
Operating earnings, fell -6.11% to $2.043 million, squeezing First Real Estate Investment Trust Of New Jersey's operating margin to 29.27%, from 20.43% in the first quarter of 2022.

First Real Estate Investment Trust Of New Jersey is expected to report next financial earnings on June 13, 2023.



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