First Real Estate Investment Trust of New Jersey, Inc. (FREVS)

FREVS Income Statement

Financials in millions USD. Fiscal year is November - October.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Apr 30, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Rental Revenue	26.48	26.19	25.52	28.45	44.16	46.18
Tenant Reimbursements	1.84	1.89	2.36	2.38	5.47	5.84
Other Revenue	0.61	0.6	0.47	0.44	0.66	0.7
Total Revenue	28.93	28.68	28.34	31.27	50.29	52.73
Revenue Growth (YoY	0.72%	1.18%	-9.36%	-37.82%	-4.62%	-12.53%
Property Expenses	16.76	17.28	17.03	19.11	27.49	26.74
Depreciation & Amortization	2.92	2.98	2.94	4	9.3	10.34
Other Operating Expenses	-	-	-	-	-	4.61
Total Operating Expenses	19.68	20.26	19.98	23.11	36.79	41.69
Operating Income	9.25	8.42	8.37	8.16	13.5	11.04
Interest Expense	-7.41	-7.31	-7.72	-8.06	-12.28	-14.12
Interest & Investment Income	1.65	1.56	1.01	0.36	0.12	0.2
Other Non-Operating Income	-	-	-	1.42	-	-
EBT Excluding Unusual Items	3.49	2.67	1.67	1.87	1.34	-2.88
Gain (Loss) on Sale of Investments	-0.12	-0.17	-0.27	-0.23	-0.3	-0.2
Gain (Loss) on Sale of Assets	-0.19	-0.36	-1	68.77	-	27.68
Total Legal Settlements	15.3	14.79	-0.97	-1.17	-	-
Other Unusual Items	-	-	-	-	-	-7.28
Pretax Income	18.48	16.93	-0.58	69.24	1.05	17.32
Earnings From Continuing Operations	18.48	16.93	-0.58	69.24	1.05	17.32
Net Income to Company	18.48	16.93	-0.58	69.24	1.05	17.32
Minority Interest in Earnings	-1.14	-1.08	1.34	-23.25	-0.12	3.23
Net Income	17.34	15.85	0.76	45.99	0.93	20.55
Net Income to Common	17.34	15.85	0.76	45.99	0.93	20.55
Net Income Growth	6443.02%	1985.79%	-98.35%	4861.38%	-95.49%	1050.14%
Basic Shares Outstanding	7	7	7	7	7	7
Diluted Shares Outstanding	7	7	7	7	7	7
Shares Change (YoY)	0.13%	0.16%	4.42%	1.57%	0.40%	0.78%
EPS (Basic)	2.32	2.13	0.10	6.52	0.13	2.94
EPS (Diluted)	2.32	2.13	0.10	6.45	0.13	2.94
EPS Growth	6972.58%	2026.36%	-98.45%	4861.54%	-95.58%	1041.59%
Dividend Per Share	0.330	0.270	0.200	1.700	0.250	-
Dividend Growth	65.00%	35.00%	-88.23%	580.00%	-	-
Operating Margin	31.97%	29.35%	29.53%	26.10%	26.85%	20.93%
Profit Margin	59.93%	55.28%	2.68%	147.08%	1.84%	38.98%
EBITDA	12.17	11.4	11.31	12.16	22.8	21.38
EBITDA Margin	42.08%	39.74%	39.91%	38.88%	45.34%	40.54%
D&A For Ebitda	2.92	2.98	2.94	4	9.3	10.34
EBIT	9.25	8.42	8.37	8.16	13.5	11.04
EBIT Margin	31.97%	29.35%	29.53%	26.10%	26.85%	20.93%
Funds From Operations (FFO)	5.56	4.55	4.67	3.87	10.95	8.34
FFO Per Share	0.75	0.61	0.63	0.54	1.56	1.19
Adjusted Funds From Operations (AFFO)	-	3.52	4.24	2.82	10.55	8.39
AFFO Per Share	-	0.47	0.57	0.40	1.50	1.20
FFO Payout Ratio	118.09%	32.75%	48.94%	52.58%	9.38%	16.27%
Revenue as Reported	28.93	28.68	28.34	31.27	50.29	52.73

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.