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	Jul 31, 2025	Oct 31, 2024	Oct 31, 2023	Oct 31, 2022	Oct 31, 2021	Oct 31, 2020
Rental Revenue	26.67	26.19	25.52	28.45	44.16	46.18
Tenant Reimbursements	1.83	1.89	2.36	2.38	5.47	5.84
Other Revenue	0.53	0.6	0.47	0.44	0.66	0.7
Total Revenue	29.03	28.68	28.34	31.27	50.29	52.73
Revenue Growth (YoY	1.59%	1.18%	-9.36%	-37.82%	-4.62%	-12.53%
Property Expenses	17.1	17.28	17.03	19.11	27.49	26.74
Depreciation & Amortization	2.93	2.98	2.94	4	9.3	10.34
Other Operating Expenses	-	-	-	-	-	4.61
Total Operating Expenses	20.03	20.26	19.98	23.11	36.79	41.69
Operating Income	9	8.42	8.37	8.16	13.5	11.04
Interest Expense	-7.38	-7.31	-7.72	-8.06	-12.28	-14.12
Interest & Investment Income	1.53	1.56	1.01	0.36	0.12	0.2
Other Non-Operating Income	-	-	-	1.42	-	-
EBT Excluding Unusual Items	3.15	2.67	1.67	1.87	1.34	-2.88
Gain (Loss) on Sale of Investments	-0.04	-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	-0.04	14.79	-0.97	-1.17	-	-
Other Unusual Items	-	-	-	-	-	-7.28
Pretax Income	2.89	16.93	-0.58	69.24	1.05	17.32
Earnings From Continuing Operations	2.89	16.93	-0.58	69.24	1.05	17.32
Net Income to Company	2.89	16.93	-0.58	69.24	1.05	17.32
Minority Interest in Earnings	0.54	-1.08	1.34	-23.25	-0.12	3.23
Net Income	3.43	15.85	0.76	45.99	0.93	20.55
Net Income to Common	3.43	15.85	0.76	45.99	0.93	20.55
Net Income Growth	-77.84%	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)	0.14%	0.16%	4.42%	1.57%	0.40%	0.78%
EPS (Basic)	0.46	2.13	0.10	6.52	0.13	2.94
EPS (Diluted)	0.46	2.13	0.10	6.45	0.13	2.94
EPS Growth	-77.88%	2026.36%	-98.45%	4861.54%	-95.58%	1041.59%
Dividend Per Share	0.380	0.270	0.200	1.700	0.250	-
Dividend Growth	90.00%	35.00%	-88.23%	580.00%	-	-
Operating Margin	30.99%	29.35%	29.53%	26.10%	26.85%	20.93%
Profit Margin	11.81%	55.28%	2.68%	147.08%	1.84%	38.98%
EBITDA	11.92	11.4	11.31	12.16	22.8	21.38
EBITDA Margin	41.08%	39.74%	39.91%	38.88%	45.34%	40.54%
D&A For Ebitda	2.93	2.98	2.94	4	9.3	10.34
EBIT	9	8.42	8.37	8.16	13.5	11.04
EBIT Margin	30.99%	29.35%	29.53%	26.10%	26.85%	20.93%
Funds From Operations (FFO)	5.92	4.55	4.67	3.87	10.95	8.34
FFO Per Share	0.79	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	114.73%	32.75%	48.94%	52.58%	9.38%	16.27%
Revenue as Reported	29.03	28.68	28.34	31.27	50.29	52.73

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