First Real Estate Investment Trust of New Jersey Inc.FF

First Real Estate Investment Trust of New Jersey Inc.

16.76USDD
+0.71+4.42%
At close at Feb 19, 20:14 GMT
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FREVS fundamentals

Key facts

Market capitalization‪122.24 M‬USD
Founded1961
CEORobert S. Hekemian
About

First Real Estate Investment Trust of New Jersey, Inc. engages in the acquisition, development, construction, and holding of real estate properties for long-term investment and not for resale. It operates through the Commercial Properties and Residential Properties segments. The Commercial Properties segment contains multi-tenanted retail or office centers, a single tenanted store, as well as owns land in Rockaway and Rochelle Park, NJ. The Residential Properties segment operates multi-family apartment communities. The company was founded on November 1, 1961 and is headquartered in Hackensack, NJ.

Ownership
‪‪7.46 M‬‬
Free Float shares
‪‪5.80 M‬‬ (77.69%)
Closely held shares
‪‪1.67 M‬‬ (22.31%)
Free Float shares
‪‪5.80 M‬‬ (77.69%)
Closely held shares
‪‪1.67 M‬‬ (22.31%)
Capital structure
Market cap
‪‪122.24 M‬‬
Debt
‪‪128.07 M‬‬
Minority interest
‪‪−7.18 M‬‬
Cash & equivalents
‪‪44.17 M‬‬
Enterprise value
‪‪198.96 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪122.24 M‬‬
Price to earning ratio (P/E)
7.56x
Price to sales ratio (P/S)
4.18x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
7.56x
Price to sales ratio (P/S)
4.18x
Valuation ratios
‪0.00‬
‪1.20‬
‪2.40‬
‪3.60‬
‪4.80‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪0.00‬
‪120.00‬
‪240.00‬
‪360.00‬
‪480.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪−70%‬
‪0%‬
‪70%‬
‪140%‬
‪210%‬
Q4 '23
Q1 '24
Q2 '24
Q3 '24
Q4 '24
‪‪−5.00 M‬‬
‪0.00‬
‪‪5.00 M‬‬
‪‪10.00 M‬‬
‪‪15.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
Op expenses
Op income
Int expenses
Non-op income/expenses
Pretax income
Taxes & Other
Net income
‪0.00‬
‪‪2.00 M‬‬
‪‪4.00 M‬‬
‪‪6.00 M‬‬
‪‪8.00 M‬‬
Revenue
Op expenses
Op income
Expenses & adjustments
Net income
‪0.00‬
‪‪2.00 M‬‬
‪‪4.00 M‬‬
‪‪6.00 M‬‬
‪‪8.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Residential
Commercial
By country
Period: 2024
United States

Dividends

Dividend yield, history and sustainability

Dividend summary
9.41%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
1.65%
Next payment
0.08
Next ex-date
Feb 28, 2025
Dividend history
‪0.75%‬
‪12.75%‬
‪24.75%‬
‪36.75%‬
‪48.75%‬
2020
2021
2022
2023
2024
‪0.00‬
‪2.00‬
‪4.00‬
‪6.00‬
‪8.00‬
Dividends per share (FY)
Dividend yield (FY) %