First Real Estate Investment Trust Of New Jersey (FREVS) Financial Statements (2025 and earlier)

Company Profile

Business Address 505 MAIN STREET
HACKENSACK, NJ 07601
State of Incorp. NJ
Fiscal Year End October 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2025
MRQ
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14,91413,21749,57835,89136,86038,075
Cash and cash equivalent14,91413,21749,57835,89136,86038,075
Receivables498     
Total current assets:15,41213,21749,57835,89136,86038,075
Noncurrent Assets
Property, plant and equipment 698 41,51377,84477,66686,394
Long-term investments and receivables17,51218,13718,79819,38320,101 
Long-term investments17,51218,13718,79819,38320,101 
Regulated entity, other noncurrent assets799     
Asset, held-in-trust   6,251   
Customer funds   6,300   
Total noncurrent assets:19,00918,13772,86297,22797,76786,394
Other undisclosed assets127,843127,76156,209212,987220,588266,149
TOTAL ASSETS:162,264159,115178,649346,105355,215390,618
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  900    
Accrued liabilities  900    
Total current liabilities:  900    
Noncurrent Liabilities
Other undisclosed liabilities136,080139,739153,910314,154324,352374,570
Total liabilities:136,080140,639153,910314,154324,352374,570
Equity
Equity, attributable to parent, including:33,36324,51625,90936,57334,90215,715
Common stock7574737127,96028,847
Treasury stock, value     (2,863)(4,330)
Additional paid in capital32,25332,07430,63525,556  
Accumulated other comprehensive income (loss)4941,3361,409(2,017)(3,986)(2,040)
Retained earnings (accumulated deficit)541(8,968)(6,208)12,963  
Other undisclosed equity, attributable to parent     13,791(6,762)
Equity, attributable to noncontrolling interest(7,179)(6,040)(1,170)(4,622)(4,039)333
Total equity:26,18418,47624,73931,95130,86316,048
TOTAL LIABILITIES AND EQUITY:162,264159,115178,649346,105355,215390,618

Income Statement (P&L) ($ in thousands)

1/31/2025
TTM
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Revenues28,67828,34431,27150,29152,72760,277
Operating lease, lease income26,19125,52228,45344,160  
Cost of revenue
(Financing Interest Expense)
(7,307)     
Gross profit:21,37128,34431,27150,29152,72760,277
Operating expenses(21,145)(20,941)(24,279)(36,789)(48,967)(41,450)
Other undisclosed operating income14,825     
Operating income:15,0517,4036,99213,5023,76018,827
Nonoperating income11,7451,0131,773116204360
Investment income, nonoperating1,3901,013358116204360
Gain on contract termination   1,415   
Interest and debt expense  (7,717)(8,064)(12,276)(14,122)(18,070)
Income (loss) from continuing operations before equity method investments, income taxes:26,7966997011,342(10,158)1,117
Loss from equity method investments(170)(271)(228)(295)(202) 
Other undisclosed income (loss) from continuing operations before income taxes(11,575)    32,688
Income (loss) from continuing operations:15,0514284731,047(10,360)33,805
Income (loss) before gain (loss) on sale of properties:1,047(10,360)33,805
Other undisclosed net income (loss)1,882(1,003)68,771 27,680(32,012)
Net income (loss):16,933(575)69,2441,04717,3201,793
Net income (loss) attributable to noncontrolling interest(1,081)1,335(23,252)(120)3,233(6)
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:15,85276045,99292720,5531,787

Comprehensive Income ($ in thousands)

1/31/2025
TTM
10/31/2024
10/31/2023
10/31/2022
10/31/2021
10/31/2020
10/31/2019
Net income (loss):16,933(575)69,2441,04717,3201,793
Other undisclosed comprehensive income (loss)(842)(73)3,7172,616(2,798)(6,400)
Comprehensive income (loss):16,091(648)72,9613,66314,522(4,607)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,081)1,335(23,543)(767)4,0851,837
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:15,01068749,4182,89618,607(2,770)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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