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

Apartment Income REIT Cash Flow 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
Net Income	17.34	15.85	0.76	45.99	0.93	20.55
Depreciation & Amortization	2.92	2.98	2.94	4	9.3	10.34
Other Amortization	0.58	0.65	0.61	1.1	1.65	1.82
Gain (Loss) on Sale of Assets	0.19	0.36	1	-68.77	-	-27.68
Asset Writedown	-	-	-	-	-	7.28
Stock-Based Compensation	0.14	0.14	0.18	1.31	0.49	0.58
Income (Loss) on Equity Investments	0.1	0.17	0.27	0.23	0.3	0.2
Change in Accounts Receivable	-0.81	-0.05	0.15	2.57	-0.36	-1.53
Change in Accounts Payable	-0.19	-0.45	-1.95	-1.16	-0.01	-5.45
Change in Other Net Operating Assets	-0.07	-0.06	-0.02	-0.8	-0.88	-0.07
Other Operating Activities	0.39	0.4	-1.59	23.27	0.35	-2.48
Operating Cash Flow	20.92	20.16	2.68	7.32	12.22	3.89
Operating Cash Flow Growth	439.12%	652.07%	-63.35%	-40.13%	214.36%	-73.52%
Acquisition of Real Estate Assets	-1.35	-1.6	-2.29	-1.57	-1.94	-2.05
Sale of Real Estate Assets	-	-	-	245.76	-	-
Net Sale / Acq. of Real Estate Assets	-1.35	-1.6	-2.29	244.19	-1.94	-2.05
Investment in Marketable & Equity Securities	-9.64	-4.42	-22.85	0.36	0.42	0.46
Investing Cash Flow	-11.05	-6.11	-25.31	249.69	-1.79	-3.23
Short-Term Debt Issued	-	-	-	0.3	-	-
Long-Term Debt Issued	-	-	25.5	32.5	-	25
Total Debt Issued	-	-	25.5	32.8	-	25
Short-Term Debt Repaid	-	-	-	-3.51	-1.86	-
Long-Term Debt Repaid	-	-9.31	-26.54	-194.56	-5.96	-22.91
Total Debt Repaid	-1.85	-9.31	-26.54	-198.06	-7.82	-22.91
Net Debt Issued (Repaid)	-1.85	-9.31	-1.04	-165.26	-7.82	2.09
Issuance of Common Stock	0.04	0.04	1.26	2.03	-	-
Common Dividends Paid	-6.57	-1.49	-2.29	-2.04	-1.03	-1.36
Other Financing Activities	-2.23	-2.43	-4.02	-20.78	-2.05	-4.37
Net Cash Flow	-0.74	0.87	-40.14	19.46	-0.47	-2.97
Cash Interest Paid	6.82	6.78	7.18	7.13	10.97	12.37
Levered Free Cash Flow	4.12	9.86	-2.12	20.43	12.8	9.79
Unlevered Free Cash Flow	8.27	13.91	2.2	24.49	19.37	17.52
Change in Working Capital	-0.81	-0.5	-1.51	-0.18	-1.15	-7.35

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