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First Real Estate Investment Trust Of New Jersey, Inc.. (FREVS) Stock Fundamental Analysis & AI Rating 2026

FREVS OTC Real Estate Investment Trusts NJ CIK: 0000036840
Updated This Month • Analysis: Mar 25, 2026 • SEC Data: 2026-01-31
Combined AI Rating
SELL
75% Confidence
STRONG AGREEMENT
SELL
72% Conf
SELL
78% Conf

📊 FREVS Key Takeaways

Revenue: $7.5M
Net Margin: 12.6%
Free Cash Flow: $1.3M
Current Ratio: N/A
Debt/Equity: 3.52x
EPS: $0.13
AI Rating: SELL with 72% confidence
First Real Estate Investment Trust Of New Jersey, Inc.. (FREVS) receives a SELL rating with 75% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $7.5M, net profit margin of 12.6%, and return on equity (ROE) of 2.8%, First Real Estate Investment Trust Of New Jersey, Inc.. demonstrates mixed fundamentals in the Real Estate sector. Below is our complete FREVS stock analysis for 2026.

Is First Real Estate Investment Trust Of New Jersey, Inc.. (FREVS) a Good Investment?

Claude

FREVS exhibits weak fundamental returns with ROE of 2.8% and ROA of 0.6%, indicating poor capital efficiency despite positive revenue growth of 2.2% YoY. The company carries excessive leverage at 3.52x debt-to-equity with marginal interest coverage of 2.1x, creating significant financial risk that outweighs modest profitability improvements.

ChatGPT

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY shows stable but low-quality profitability: revenue and net income are growing modestly, and operating margin is strong, but returns on assets and equity remain weak. The balance sheet is heavily leveraged, interest coverage is thin, and the sharp EPS decline despite higher net income raises concerns about dilution or other shareholder-unfriendly earnings dynamics.

Why Buy First Real Estate Investment Trust Of New Jersey, Inc.. Stock? FREVS Key Strengths

Claude
  • + Strong operating margin of 50.9% demonstrates pricing power and operational efficiency
  • + Positive net income growth of 11.5% YoY shows operational improvement trend
  • + Adequate cash position of $18.5M provides near-term liquidity buffer
  • + Consistent positive free cash flow generation of $1.3M supports sustainability
ChatGPT
  • + Positive year-over-year revenue and net income growth
  • + Strong operating margin of 50.9% indicates solid property-level profitability
  • + Positive operating cash flow and free cash flow with a meaningful cash balance

FREVS Stock Risks: First Real Estate Investment Trust Of New Jersey, Inc.. Investment Risks

Claude
  • ! Excessive leverage at 3.52x debt-to-equity ratio creates material financial risk and limits flexibility
  • ! Weak interest coverage ratio of 2.1x indicates limited ability to service debt from operating earnings
  • ! Severely diluted EPS declined 77.9% YoY despite net income growth, signaling substantial equity dilution
  • ! Poor return metrics (ROE 2.8%, ROA 0.6%) indicate inadequate capital deployment returns
  • ! Long-term debt of $120.4M represents 80.6% of total assets, indicating asset-heavy financing structure
ChatGPT
  • ! High leverage with debt-to-equity of 3.52x and long-term debt of $120.40M
  • ! Low interest coverage of 2.1x leaves limited cushion if financing costs or occupancy weaken
  • ! Diluted EPS fell 77.9% year over year despite net income growth, signaling weak per-share earnings quality

Key Metrics to Watch

Claude
  • * Debt-to-equity ratio trajectory and debt refinancing schedule
  • * Interest coverage ratio improvement relative to operating income growth
  • * ROE and ROA progression to assess capital efficiency improvements
  • * Share dilution metrics and insider transaction patterns
  • * Operating cash flow stability and debt service coverage
ChatGPT
  • * Interest coverage and debt reduction progress
  • * Operating cash flow growth relative to net income and diluted share count

First Real Estate Investment Trust Of New Jersey, Inc.. (FREVS) Financial Metrics & Key Ratios

Revenue
$7.5M
Net Income
$943.0K
EPS (Diluted)
$0.13
Free Cash Flow
$1.3M
Total Assets
$149.0M
Cash Position
$18.5M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

FREVS Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 50.9%
Net Margin 12.6%
ROE 2.8%
ROA 0.6%
FCF Margin 17.9%

FREVS vs Real Estate Sector: How First Real Estate Investment Trust Of New Jersey, Inc.. Compares

How First Real Estate Investment Trust Of New Jersey, Inc.. compares to Real Estate sector averages

Net Margin
FREVS 12.6%
vs
Sector Avg 20.0%
FREVS Sector
ROE
FREVS 2.8%
vs
Sector Avg 8.0%
FREVS Sector
Current Ratio
FREVS 0.0x
vs
Sector Avg 1.5x
FREVS Sector
Debt/Equity
FREVS 3.5x
vs
Sector Avg 1.5x
FREVS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is First Real Estate Investment Trust Of New Jersey, Inc.. Stock Overvalued? FREVS Valuation Analysis 2026

Based on fundamental analysis, First Real Estate Investment Trust Of New Jersey, Inc.. shows some fundamental concerns relative to the Real Estate sector in 2026.

Return on Equity
2.8%
Sector avg: 8%
Net Profit Margin
12.6%
Sector avg: 20%
Revenue Growth
N/A
Year-over-year
Debt/Equity
3.52x
Sector avg: 1.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

First Real Estate Investment Trust Of New Jersey, Inc.. Balance Sheet: FREVS Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
3.52x
Debt/Assets
83.0%
Interest Coverage
2.05x
Long-term Debt
$120.4M

FREVS Revenue & Earnings Growth: 5-Year Financial Trend

FREVS 5-year financial data: Year 2021: Revenue $60.3M, Net Income $1.8M, EPS N/A. Year 2022: Revenue $52.7M, Net Income $20.6M, EPS $2.94. Year 2023: Revenue $50.3M, Net Income $927.0K, EPS $0.13. Year 2024: Revenue $31.3M, Net Income $46.0M, EPS $6.45. Year 2025: Revenue $29.3M, Net Income $760.0K, EPS $0.10.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: First Real Estate Investment Trust Of New Jersey, Inc..'s revenue has declined by 51% over the 5-year period, indicating business contraction. The most recent EPS of $0.10 reflects profitable operations.

FREVS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
17.9%
Free cash flow / Revenue

FREVS Quarterly Earnings & Performance

Quarterly financial performance data for First Real Estate Investment Trust Of New Jersey, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $7.3M $614.0K $0.08
Q3 2025 $7.1M $879.0K $0.12
Q2 2025 $7.3M $21.0K $0.00
Q1 2025 $7.0M -$512.0K $-0.07
Q3 2024 $7.1M $104.0K $0.01
Q2 2024 $6.9M $21.0K $0.00
Q1 2024 $7.0M $419.0K $0.06
Q3 2023 $7.0M $104.0K $0.01

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

First Real Estate Investment Trust Of New Jersey, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$1.3M
Cash generated from operations
Stock Buybacks
$2.2M
Shares repurchased (TTM)
Dividends Paid
$747.0K
Returned to shareholders

FREVS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for First Real Estate Investment Trust Of New Jersey, Inc.. (CIK: 0000036840)

📋 Recent SEC Filings

Date Form Document Action
Apr 10, 2026 8-K form8k-35698_frevs.htm View →
Apr 9, 2026 8-K form8k-35689_frevs.htm View →
Mar 17, 2026 8-K form8k-35400_frevs.htm View →
Mar 17, 2026 10-Q frevs-20260131.htm View →
Mar 13, 2026 4 xslF345X05/ownership.xml View →

Frequently Asked Questions about FREVS

What is the AI rating for FREVS?

First Real Estate Investment Trust Of New Jersey, Inc.. (FREVS) has a Combined AI Rating of SELL from Claude (SELL) and ChatGPT (SELL) with 75% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are FREVS's key strengths?

Claude: Strong operating margin of 50.9% demonstrates pricing power and operational efficiency. Positive net income growth of 11.5% YoY shows operational improvement trend. ChatGPT: Positive year-over-year revenue and net income growth. Strong operating margin of 50.9% indicates solid property-level profitability.

What are the risks of investing in FREVS?

Claude: Excessive leverage at 3.52x debt-to-equity ratio creates material financial risk and limits flexibility. Weak interest coverage ratio of 2.1x indicates limited ability to service debt from operating earnings. ChatGPT: High leverage with debt-to-equity of 3.52x and long-term debt of $120.40M. Low interest coverage of 2.1x leaves limited cushion if financing costs or occupancy weaken.

What is FREVS's revenue and growth?

First Real Estate Investment Trust Of New Jersey, Inc.. reported revenue of $7.5M.

Does FREVS pay dividends?

First Real Estate Investment Trust Of New Jersey, Inc.. pays dividends, with $0.7M distributed to shareholders in the trailing twelve months.

Where can I find FREVS SEC filings?

Official SEC filings for First Real Estate Investment Trust Of New Jersey, Inc.. (CIK: 0000036840) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is FREVS's EPS?

First Real Estate Investment Trust Of New Jersey, Inc.. has a diluted EPS of $0.13.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is FREVS a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, First Real Estate Investment Trust Of New Jersey, Inc.. has a SELL rating with 75% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is FREVS stock overvalued or undervalued?

Valuation metrics for FREVS: ROE of 2.8% (sector avg: 8%), net margin of 12.6% (sector avg: 20%). Compare these metrics with sector averages to assess valuation.

Should I buy FREVS stock in 2026?

Our dual AI analysis gives First Real Estate Investment Trust Of New Jersey, Inc.. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is FREVS's free cash flow?

First Real Estate Investment Trust Of New Jersey, Inc..'s operating cash flow is $1.3M, with capital expenditures of N/A. FCF margin is 17.9%.

How does FREVS compare to other Real Estate stocks?

Vs Real Estate sector averages: Net margin 12.6% (avg: 20%), ROE 2.8% (avg: 8%), current ratio N/A (avg: 1.5).

Is First Real Estate Investment Trust Of New Jersey, Inc.. carrying too much debt?

FREVS has a debt-to-equity ratio of 3.52x, which is above the Real Estate sector average of 1.5x. Combined with a current ratio below 1, this warrants careful monitoring of the balance sheet.

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Mar 25, 2026 | Data as of: 2026-01-31 | Powered by Claude AI