# FIRST REAL ESTATE     INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS) · Edgar & Edgarette company card

> First Real Estate     Investment Trust Of New Jersey (FREVS) grew revenue 2.2% in FY2025 to $29 million, operating margin 51.7% against a 24.7% median for real estate investment trusts, equity 22.7% of assets, and its dividend per share fell in the latest year on record. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 36840 · fiscal year ended 2025-10-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/FREVS) · [JSON](https://www.pops4.com/boards/company/FREVS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $29M |
| Revenue growth, 1 year | 2.2% |
| Revenue growth per year | -12.6% |
| Operating margin | 51.7% (prior year 52.5%) |
| Net margin | 12.0% |
| Operating cash flow | $6M |
| Capital spending | — |
| Free cash flow | — |
| Cash | $18M |
| Long-term debt | — |
| Total assets | $150M |
| Total equity | $34M |
| Equity ÷ assets | 22.7% |
| Return on equity | 10.3% |
| Dividend per share | $0.36 |
| Dividend years rising | 0 |

## Readings, computed from those figures

- Piotroski F: 6 of 9 (solid)
- Health Harbor boat: Sound ship · one warning sign · revenue is hard to predict: its 80% range is ±43%
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $29.3M (FY2025). Experience: revenue up 2.2% on the year, down 12.6% a year over 4 years; operating margin 51.7%, down from 52.5%. Soundness: equity 22.7% of assets, return on equity 10.3%, payout 204.2% of profit, the dividend per share fell in the latest year on record. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $18.2M and $45.4M next year (method v4.1: its own 6-year record of growth weighed at 63% against under $50M filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $17.1M to $48.5M. A statistical range, not company guidance. Against peers (79 filers, $50M+ revenue, real estate investment trusts): operating margin 51.7% against a 24.7% median; growth 2.2% against 3.7%.

Range logged 2026-09-27, receipt 92782fc9d23ffcce, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-09-30 · 5.07 Submission of Matters to a Vote of Security Holders; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/36840/000117494726000906/0001174947-26-000906-index.htm)
- 10-Q · filed 2026-09-11 · [filing](https://www.sec.gov/Archives/edgar/data/36840/000117494726000858/0001174947-26-000858-index.htm)
- 8-K · filed 2026-09-11 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/36840/000117494726000856/0001174947-26-000856-index.htm)
- 8-K · filed 2026-08-07 · 5.07 Submission of Matters to a Vote of Security Holders · [filing](https://www.sec.gov/Archives/edgar/data/36840/000117494726000770/0001174947-26-000770-index.htm)
- 8-K · filed 2026-07-16 · 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/36840/000117494726000690/0001174947-26-000690-index.htm)
- 8-K · filed 2026-07-09 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/36840/000207709626000217/0002077096-26-000217-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0000036840.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=36840

## Cite

POPS4, Edgar & Edgarette: FIRST REAL ESTATE     INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/FREVS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.