First Real Estate Investment Trust of New Jersey Inc
First Real Estate Investment Trust of New Jersey, Inc. is a publicly traded (over-the-counter " symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.
First Real Estate Investment Trust of New Jersey Inc (FREVS) - Net Assets
Latest net assets as of October 2025: $25.70 Million USD
Based on the latest financial reports, First Real Estate Investment Trust of New Jersey Inc (FREVS) has net assets worth $25.70 Million USD as of October 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($149.87 Million) and total liabilities ($124.17 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $25.70 Million |
| % of Total Assets | 17.15% |
| Annual Growth Rate | 0.87% |
| 5-Year Change | -19.55% |
| 10-Year Change | 66.24% |
| Growth Volatility | 30.95 |
First Real Estate Investment Trust of New Jersey Inc - Net Assets Trend (1999–2025)
This chart illustrates how First Real Estate Investment Trust of New Jersey Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Real Estate Investment Trust of New Jersey Inc (1999–2025)
The table below shows the annual net assets of First Real Estate Investment Trust of New Jersey Inc from 1999 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-10-31 | $25.70 Million | -1.84% |
| 2024-10-31 | $26.18 Million | +41.72% |
| 2023-10-31 | $18.48 Million | -25.32% |
| 2022-10-31 | $24.74 Million | -22.57% |
| 2021-10-31 | $31.95 Million | +3.53% |
| 2020-10-31 | $30.86 Million | +92.32% |
| 2019-10-31 | $16.05 Million | -34.08% |
| 2018-10-31 | $24.34 Million | -14.85% |
| 2017-10-31 | $28.59 Million | +84.92% |
| 2016-10-31 | $15.46 Million | -27.20% |
| 2015-10-31 | $21.24 Million | -28.84% |
| 2014-10-31 | $29.85 Million | +25.38% |
| 2013-10-31 | $23.80 Million | -9.05% |
| 2012-10-31 | $26.18 Million | +15.56% |
| 2011-10-31 | $22.65 Million | -11.29% |
| 2010-10-31 | $25.53 Million | -25.16% |
| 2009-10-31 | $34.12 Million | -7.19% |
| 2008-10-31 | $36.76 Million | -4.36% |
| 2007-10-31 | $38.43 Million | +1.50% |
| 2006-10-31 | $37.87 Million | +4.72% |
| 2005-10-31 | $36.16 Million | +8.15% |
| 2004-10-31 | $33.43 Million | +43.77% |
| 2003-10-31 | $23.26 Million | +1.11% |
| 2002-10-31 | $23.00 Million | +0.45% |
| 2001-10-31 | $22.90 Million | +3.19% |
| 2000-10-31 | $22.19 Million | +8.14% |
| 1999-10-31 | $20.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Real Estate Investment Trust of New Jersey Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (October 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.36 Million | 4.00% |
| Common Stock | $75.00K | 0.22% |
| Other Comprehensive Income | $211.00K | 0.62% |
| Other Components | $32.39 Million | 95.16% |
| Total Equity | $34.04 Million | 100.00% |
First Real Estate Investment Trust of New Jersey Inc Competitors by Market Cap
The table below lists competitors of First Real Estate Investment Trust of New Jersey Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ci&T Inc
NYSE:CINT
|
$100.68 Million |
|
NOVAREX Co.Ltd
KQ:194700
|
$100.69 Million |
|
Southern Score Builders Berhad
KLSE:0045
|
$100.69 Million |
|
Sula Vineyards Limited
NSE:SULA
|
$100.70 Million |
|
HKScan Oyj Series A
LSE:0ISM
|
$100.63 Million |
|
Dinhvu Port Investment Development JSC
VN:DVP
|
$100.63 Million |
|
Kyeryong Const
KO:013580
|
$100.56 Million |
|
Ryvu Therapeutics SA
WAR:RVU
|
$100.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Real Estate Investment Trust of New Jersey Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 33,363,000 to 34,039,000, a change of 676,000 (2.0%).
- Net income of 3,509,000 contributed positively to equity growth.
- Dividend payments of 7,167,000 reduced retained earnings.
- Other comprehensive income decreased equity by 283,000.
- Other factors increased equity by 4,617,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $3.51 Million | +10.31% |
| Dividends Paid | $7.17 Million | -21.06% |
| Other Comprehensive Income | $-283.00K | -0.83% |
| Other Changes | $4.62 Million | +13.56% |
| Total Change | $- | 2.03% |
Book Value vs Market Value Analysis
This analysis compares First Real Estate Investment Trust of New Jersey Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 5.19x to 3.75x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-10-31 | $3.29 | $17.07 | x |
| 2000-10-31 | $3.39 | $17.07 | x |
| 2001-10-31 | $3.45 | $17.07 | x |
| 2002-10-31 | $3.39 | $17.07 | x |
| 2003-10-31 | $3.39 | $17.07 | x |
| 2004-10-31 | $4.68 | $17.07 | x |
| 2005-10-31 | $4.22 | $17.07 | x |
| 2006-10-31 | $3.66 | $17.07 | x |
| 2007-10-31 | $3.63 | $17.07 | x |
| 2008-10-31 | $3.45 | $17.07 | x |
| 2009-10-31 | $2.98 | $17.07 | x |
| 2010-10-31 | $2.42 | $17.07 | x |
| 2011-10-31 | $2.00 | $17.07 | x |
| 2012-10-31 | $2.53 | $17.07 | x |
| 2013-10-31 | $2.14 | $17.07 | x |
| 2014-10-31 | $2.28 | $17.07 | x |
| 2015-10-31 | $1.11 | $17.07 | x |
| 2016-10-31 | $0.42 | $17.07 | x |
| 2017-10-31 | $2.61 | $17.07 | x |
| 2018-10-31 | $3.12 | $17.07 | x |
| 2019-10-31 | $2.26 | $17.07 | x |
| 2020-10-31 | $4.99 | $17.07 | x |
| 2021-10-31 | $5.21 | $17.07 | x |
| 2022-10-31 | $3.63 | $17.07 | x |
| 2023-10-31 | $3.29 | $17.07 | x |
| 2024-10-31 | $4.47 | $17.07 | x |
| 2025-10-31 | $4.56 | $17.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Real Estate Investment Trust of New Jersey Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 10.31%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.97%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.40x
- Recent ROE (10.31%) is above the historical average (0.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 18.10% | 33.45% | 0.13x | 4.11x | $1.66 Million |
| 2000 | 22.51% | 36.63% | 0.13x | 4.58x | $2.64 Million |
| 2001 | 21.77% | 33.15% | 0.15x | 4.47x | $2.54 Million |
| 2002 | 25.94% | 39.81% | 0.15x | 4.38x | $3.49 Million |
| 2003 | 25.14% | 36.16% | 0.14x | 4.84x | $3.35 Million |
| 2004 | 48.80% | 70.77% | 0.11x | 6.11x | $12.09 Million |
| 2005 | 15.59% | 18.68% | 0.11x | 7.52x | $1.60 Million |
| 2006 | 20.66% | 18.82% | 0.12x | 9.40x | $2.66 Million |
| 2007 | 35.59% | 30.34% | 0.12x | 9.66x | $6.43 Million |
| 2008 | 25.63% | 14.26% | 0.18x | 10.26x | $3.68 Million |
| 2009 | 26.79% | 13.09% | 0.17x | 12.15x | $3.48 Million |
| 2010 | 26.25% | 10.01% | 0.18x | 14.59x | $2.73 Million |
| 2011 | 38.83% | 12.21% | 0.18x | 17.56x | $3.99 Million |
| 2012 | -2.01% | -0.78% | 0.19x | 13.80x | $-2.11 Million |
| 2013 | -23.36% | -8.40% | 0.17x | 16.43x | $-4.96 Million |
| 2014 | 8.71% | 3.23% | 0.14x | 19.41x | $-202.70K |
| 2015 | -87.21% | -14.69% | 0.13x | 46.67x | $-7.33 Million |
| 2016 | -295.98% | -18.13% | 0.13x | 129.84x | $-8.67 Million |
| 2017 | -7.56% | -2.61% | 0.14x | 20.91x | $-3.13 Million |
| 2018 | -75.08% | -27.82% | 0.15x | 18.25x | $-18.28 Million |
| 2019 | -92.59% | -24.14% | 0.15x | 24.86x | $-16.12 Million |
| 2020 | 19.00% | 12.58% | 0.15x | 10.18x | $3.14 Million |
| 2021 | -27.19% | -19.77% | 0.15x | 9.46x | $-13.60 Million |
| 2022 | 177.51% | 147.08% | 0.18x | 6.90x | $43.40 Million |
| 2023 | 3.10% | 2.68% | 0.18x | 6.49x | $-1.69 Million |
| 2024 | 47.51% | 55.28% | 0.18x | 4.86x | $12.52 Million |
| 2025 | 10.31% | 11.97% | 0.20x | 4.40x | $105.10K |
Industry Comparison
This section compares First Real Estate Investment Trust of New Jersey Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Real Estate Investment Trust of New Jersey Inc (FREVS) | $25.70 Million | 18.10% | 4.83x | $100.68 Million |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |