FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
Balance Sheets Overview
Debt to Asset Ratio
71.46%
Unit: Thousand (K) dollars
Assets Breakdown
Real estate, at cost, net of acc...
Investment in u.s. treasury secu...
Cash and cash equivalents
Others
Liabilities Breakdown
Mortgages payable
Additional paid-in-capital
Retained earnings
Others
Balance Sheets
2026-07-31
2026-04-30
2026-01-31
2025-10-31
Real estate, at cost, net of accumulated depreciation
82,173
88,264
88,788
89,419
Construction in progress
982
982
969
968
Cash and cash equivalents
16,024
14,168
18,503
17,926
Investment in u.s. treasury securities available-for-sale
41,863
21,317
17,292
18,174
Investment in tenancy-in-common
17,025
16,853
16,921
16,922
Tenants' security accounts
806
812
810
833
Receivables arising from straight-lining of rents
287
462
463
472
Accounts receivable, net of allowance for doubtful accounts of 104 and 258 as of july 31, 2026 and october 31, 2025, respectively
391
468
243
201
Prepaid expenses and other assets
5,538
4,837
4,573
4,511
Deferred charges, net
172
270
255
238
Interest rate swap contracts
-
-
-
210
Interest rate swap contract
235
215
180
-
Total assets
165,496
148,648
148,997
149,874
Mortgages payable
114,840
120,342
120,837
121,300
Less unamortized debt issuance costs
596
402
426
516
Mortgages payable, net
114,244
119,940
120,411
120,784
Due to affiliate
693
-
-
-
Accounts payable and accrued expenses
881
866
717
665
Dividends payable
748
748
747
747
Tenants' security deposits
1,007
1,145
1,145
1,132
Deferred revenue
686
923
609
843
Total liabilities
118,259
123,622
123,629
124,171
Common stock with par value of 0.01 per share 20,000,000 shares authorized 7,482,432 and 7,471,344 shares issued at july 31, 2026 and october 31, 2025, respectively
75
75
75
75
Additional paid-in-capital
32,533
32,533
32,393
32,393
Retained earnings
20,837
1,424
1,556
1,360
Accumulated other comprehensive income
221
208
181
211
Total common equity
53,666
34,240
34,205
34,039
Noncontrolling interests in subsidiaries
-6,429
-9,214
-8,837
-8,336
Total equity
47,237
25,026
25,368
25,703
Total liabilities and equity
165,496
148,648
148,997
149,874
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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