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FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. FREVS

OTC · reit · Real Estate Investment Trusts · website · IPO 1994-03-28

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. statistics & valuation

Market cap$160.3M
P / E45.7×
P / S5.5×
P / B4.7×
Dividend yield4.47%
Net margin12.0%
Return on equity10.3%
Net debt$102.9M
Net debt / EBITDA5.7×
Enterprise value USD$263.1M
EV / EBITDA14.5×
Earnings yield EBIT/EV5.8%
Graham number +928.3%$219.53

Market cap as of 2026-06-30. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($219.53); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
6.50% 25.40% 2.60% 3.00% 39.00% 1.80% 147.10% 2.70% 55.30% 12.00% 2016201720182019202020212022202320242025
Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
31.50% 23.20% 33.30% 31.20% 7.10% 26.80% 51.10% 51.80% 52.50% 51.70% 2016201720182019202020212022202320242025
Return on equity (%)
19.40% 45.90% 6.10% 11.10% 58.90% 2.50% 177.50% 3.10% 47.50% 10.30% 2016201720182019202020212022202320242025
Shares outstanding
6.8M 6.8M 6.9M 6.9M 6994 7022 7132 7447 7459 7469 2016201720182019202020212022202320242025
Net debt ($)
$316.3M $313.7M $325.3M $311.8M $268.6M $264.0M $88.5M $123.9M $102.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 3.50% 0.40% 0.50% 5.80% 0.30% 25.70% 0.50% 9.80% 2.30% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
21.16× 11.25× 14.25× 21.80× 8.75× 8.20× 5.33× 5.59× 3.55× 2016201720182019202020212022202320242025
EPS ($)
$2.94 $0.13 $6.45 $0.10 $2.13 $0.47 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. trades at about 45.4× earnings — above its 10-year norm (10-year range 2.7×–184.6×, median 24.5×).

2.7× 184.6×

Shaded band = 10-year range (2.7×–184.6×); dot = today's 45.4×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating margin51.7%52.5%51.8%51.1%26.8%7.1%31.2%33.3%23.2%31.5%
Net margin12.0%55.3%2.7%147.1%1.8%39.0%3.0%2.6%25.4%6.5%
Return on assets2.3%9.8%0.5%25.7%0.3%5.8%0.5%0.4%3.5%0.8%
Return on equity10.3%47.5%3.1%177.5%2.5%58.9%11.1%6.1%45.9%19.4%
Debt / equity3.55×—5.59×5.33×8.20×8.75×21.80×14.25×11.25×21.16×

Computed from company filings · US · as of 2025-10-31. Facts plus Stocktoria's own computed scores — not investment advice.