First Real Estate Investment Trust Of New Jersey (FREVS) Financial Statements (2023 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)
| 7/31/2023 MRQ | 1/31/2023 MRQ | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 37,187 | 49,578 | 35,891 | 36,860 | 38,075 | 21,747 | |||
| Cash and cash equivalents | 37,187 | 49,578 | 35,891 | 36,860 | 38,075 | 21,747 | |||
| Total current assets: | 37,187 | 49,578 | 35,891 | 36,860 | 38,075 | 21,747 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 41,513 | 77,844 | 77,666 | 86,394 | 88,315 | ||||
| Long-term investments and receivables | 18,731 | 18,798 | 19,383 | 20,101 | |||||
| Long-term investments | 18,731 | 18,798 | 19,383 | 20,101 | |||||
| Asset, held-in-trust | 6,251 | ||||||||
| Customer funds | 6,300 | ||||||||
| Total noncurrent assets: | 18,731 | 72,862 | 97,227 | 97,767 | 86,394 | 88,315 | |||
| Other undisclosed assets | 108,611 | 56,209 | 212,987 | 220,588 | 266,149 | 282,011 | |||
| TOTAL ASSETS: | 164,529 | 178,649 | 346,105 | 355,215 | 390,618 | 392,073 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 141,328 | 153,910 | 314,154 | 324,352 | 374,570 | 367,729 | |||
| Total liabilities: | 141,328 | 153,910 | 314,154 | 324,352 | 374,570 | 367,729 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 26,594 | 25,909 | 36,573 | 34,902 | 15,715 | 21,488 | |||
| Common stock | 74 | 73 | 71 | 27,960 | 28,847 | 28,288 | |||
| Treasury stock, value | (2,863) | (4,330) | (4,941) | ||||||
| Additional paid in capital | 31,891 | 30,635 | 25,556 | ||||||
| Accumulated other comprehensive income (loss) | 959 | 1,409 | (2,017) | (3,986) | (2,040) | 2,517 | |||
| Retained earnings (accumulated deficit) | (6,330) | (6,208) | 12,963 | ||||||
| Other undisclosed equity, attributable to parent | 13,791 | (6,762) | (4,376) | ||||||
| Equity, attributable to noncontrolling interest | (3,393) | (1,170) | (4,622) | (4,039) | 333 | 2,856 | |||
| Total equity: | 23,201 | 24,739 | 31,951 | 30,863 | 16,048 | 24,344 | |||
| TOTAL LIABILITIES AND EQUITY: | 164,529 | 178,649 | 346,105 | 355,215 | 390,618 | 392,073 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,601 | 31,271 | 50,291 | 52,727 | 60,277 | 57,997 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 51,267 | |
| Operating lease, lease income | 24,912 | 28,453 | 44,160 | ✕ | ||||
| Gross profit: | 27,601 | 31,271 | 50,291 | 52,727 | 60,277 | 57,997 | ||
| Operating expenses | (20,742) | (24,279) | (36,789) | (48,967) | (41,450) | (38,703) | ||
| Other undisclosed operating income | 1,577 | |||||||
| Operating income: | 8,436 | 6,992 | 13,502 | 3,760 | 18,827 | 19,294 | ||
| Nonoperating income | 1,936 | 1,773 | 116 | 204 | 360 | 267 | ||
| Investment income, nonoperating | 346 | 358 | 116 | 204 | 360 | 267 | ||
| Gain on contract termination | 1,415 | |||||||
| Interest and debt expense | (7,012) | (8,064) | (12,276) | (14,122) | (18,070) | (18,667) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 3,360 | 701 | 1,342 | (10,158) | 1,117 | 894 | ||
| Loss from equity method investments | (171) | (228) | (295) | (202) | ||||
| Other undisclosed income (loss) from continuing operations before income taxes | (4,429) | 32,688 | 31,615 | |||||
| Income (loss) from continuing operations: | (1,240) | 473 | 1,047 | (10,360) | 33,805 | 32,509 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 6,981 | ✕ | 1,047 | (10,360) | 33,805 | 47,909 | |
| Income from discontinued operations | 15,400 | |||||||
| Other undisclosed net income (loss) | 1,377 | 68,771 | 27,680 | (32,012) | (46,943) | |||
| Net income (loss): | 137 | 69,244 | 1,047 | 17,320 | 1,793 | 966 | ||
| Net income (loss) attributable to noncontrolling interest | 497 | (23,252) | (120) | 3,233 | (6) | 517 | ||
| Net income (loss) available to common stockholders, diluted: | 634 | 45,992 | 927 | 20,553 | 1,787 | 1,483 | ||
Comprehensive Income ($ in thousands)
| 7/31/2023 TTM | 1/31/2023 TTM | 10/31/2022 | 10/31/2021 | 10/31/2020 | 10/31/2019 | 10/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 137 | 69,244 | 1,047 | 17,320 | 1,793 | 966 | ||
| Other undisclosed comprehensive income (loss) | 2,005 | 3,717 | 2,616 | (2,798) | (6,400) | 3,113 | ||
| Comprehensive income (loss): | 2,142 | 72,961 | 3,663 | 14,522 | (4,607) | 4,079 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 540 | (23,543) | (767) | 4,085 | 1,837 | (363) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,682 | 49,418 | 2,896 | 18,607 | (2,770) | 3,716 | ||
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.