Last $18.40 USD
Change Today 0.00 / 0.00%
Volume 0.0
FREVS On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 08/25/14 All times are local (Market data is delayed by at least 15 minutes).

first real estate inv tr nj (FREVS) Snapshot

Open
$18.40
Previous Close
$18.40
Day High
$18.40
Day Low
$18.40
52 Week High
02/18/14 - $25.00
52 Week Low
11/20/13 - $17.00
Market Cap
127.4M
Average Volume 10 Days
100.0
EPS TTM
$0.51
Shares Outstanding
6.9M
EX-Date
08/28/14
P/E TM
36.1x
Dividend
$1.20
Dividend Yield
8.46%
Current Stock Chart for FIRST REAL ESTATE INV TR NJ (FREVS)

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first real estate inv tr nj (FREVS) Details

First Real Estate Investment Trust of New Jersey, an equity real estate investment trust, engages in the acquisition, development, construction, and holding of real estate properties in New Jersey, Maryland, and New York. The company’s property portfolio comprises residential apartment communities and commercial properties, which consist of multi and single tenanted properties. As of October 31, 2010, its real estate holdings included 9 apartment buildings or complexes containing 1,075 rentable units; 10 retail and office properties covering approximately 1,265,000 square feet of leasable space comprising 1 tenant store and 2 separate one acre parcels subject to ground leases; and 4 parcels of undeveloped land consisting of approximately 40.37 acres. First Real Estate Investment Trust of New Jersey has elected to be taxed as a REIT. As a REIT, the company is not subject to federal income tax to the extent that it distributes at least 90% of its taxable income to its shareholders. First Real Estate Investment Trust of New Jersey was founded in 1961 and is based in Hackensack, New Jersey.

21 Employees
Last Reported Date: 01/14/14
Founded in 1961

first real estate inv tr nj (FREVS) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $205.0K
President, Chief Financial Officer, Principal...
Total Annual Compensation: $50.0K
Executive Secretary and Secretary
Total Annual Compensation: $30.0K
Compensation as of Fiscal Year 2013.

first real estate inv tr nj (FREVS) Key Developments

First Real Estate Mulls Acquisitions

First Real Estate Investment Trust of New Jersey (OTCPK:FREV.S) is looking for acquisitions. First Real Estate will be on the lookout for yield-accretive acquisition opportunities in Singapore and other parts of Asia to expand its portfolio.

First Real Estate Investment Trust of New Jersey Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended April 30, 2014

First Real Estate Investment Trust of New Jersey announced unaudited consolidated earnings results for the second quarter and six months ended April 30, 2014. For the six months, the company’s total income from real estate operations was $11,590,000 compared to $11,347,000 a year ago. Income from continuing operations was $2,009,000 compared to $1,473,000 a year ago. Net income was $10,750,000 compared to $3,612,000 a year ago. Net income attributable to common equity was $10,459,000 compared to $3,340,000 a year ago. FFO was $4,722,000 compared to $4,990,000 a year ago. FFO per share, basic was $0.68 compared to $072 for the same period a year ago. Adjusted funds from operations were $4,672,000 or $0.67 basic per share compared to $4,143,000 or $0.60 basic per share a year ago. For the second quarter, the company’s total income from real estate operations was $5,614,000 compared to $5,475,000 a year ago. Income from continuing operations was $890,000 compared to $503,000 a year ago. Net income was $931,000 compared to $1,912,000 a year ago. Net income attributable to common equity was $833,000 compared to $1,869,000 a year ago. FFO was $2,269,000 compared to $1,991,000 a year ago. FFO per share, basic was $0.33 compared to $0.29 for the same period a year ago. Adjusted funds from operations were $2,278,000 or $0.33 basic per share compared to $1,872,000 or $0.27 basic per share a year ago.

First Real Estate Investment Trust of New Jersey Announces First Quarter Dividend Payable on March 14, 2014

First Real Estate Investment Trust of New Jersey announced that first quarter dividend of $0.30 per share will be paid on March 14, 2014 to shareholders of record on March 10, 2014.

 

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Valuation FREVS Industry Range
Price/Earnings 35.2x
Price/Sales 3.0x
Price/Book 6.1x
Price/Cash Flow 6.1x
TEV/Sales NM Not Meaningful
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