First Real Estate Investment Trust of New Jersey is an equity real estate investment trust. It acquires, develops, constructs and holds real estate properties for long-term investment and not for resale. It operates its business 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.
Company profile
Ticker
FREVS
Exchange
Website
CEO
Robert S. Hekemian
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Damascus Centre, LLC • Westwood Hills, LLC • Wayne PSC, LLC • Grande Rotunda, LLC • WestFREIT, Corp. • FREIT Regency, LLC • Station Place on Monmouth, LLC • Berdan Court, LLC ...
IRS number
221697095
FREVS stock data
Latest filings (excl ownership)
10-Q
2023 Q1
Quarterly report
16 Mar 23
8-K
FREIT Announces First Quarter Fiscal 2023 Results
16 Mar 23
8-K
Entry into a Material Definitive Agreement
10 Mar 23
8-K
Other Events
7 Feb 23
8-K
FREIT Announces Fourth Quarter Fiscal 2022 Results
27 Jan 23
10-K
2022 FY
Annual report
27 Jan 23
8-K
Other Events
23 Dec 22
8-K
Other Events
12 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
13 Oct 22
8-K
Other Events
28 Sep 22
Latest ownership filings
Financial summary
| Quarter (USD) | Jan 23 | Oct 22 | Jul 22 | Apr 22 | |
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| Diluted EPS |
| Annual (USD) | Oct 22 | Oct 21 | Oct 20 | Oct 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 37.19 mm | 37.19 mm | 37.19 mm | 37.19 mm | 37.19 mm | 37.19 mm |
| Cash burn (monthly) | 4.13 mm | 5.81 mm | (no burn) | (no burn) | 287.33 k | (no burn) |
| Cash used (since last report) | 7.62 mm | 10.71 mm | n/a | n/a | 529.80 k | n/a |
| Cash remaining | 29.57 mm | 26.47 mm | n/a | n/a | 36.66 mm | n/a |
| Runway (months of cash) | 7.2 | 4.6 | n/a | n/a | 127.6 | n/a |
Institutional ownership, Q3 2021
| 13F holders | Current |
|---|---|
| Total holders | 0 |
| Opened positions | 0 |
| Closed positions | 0 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 0.00 |
| Total shares | 0.00 |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 Mar 23 | Artinian Ronald J | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,290 | 0.00 | 486,103 |
| 9 Mar 23 | John A Aiello | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,290 | 0.00 | 25,290 |
| 9 Mar 23 | Hekemian David | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,290 | 0.00 | 209,829 |
| 9 Mar 23 | Richard Aslanian | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,290 | 0.00 | 47,970 |
| 9 Mar 23 | David F Mcbride | Common Stock, par value $0.01 per share | Grant | Acquire A | No | No | 0 | 1,290 | 0.00 | 75,088 |