First Real Estate Investment Tr (FREVS) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Real Estate Investment Tr

OTC Markets OTCPK•Real Estate•REIT - Residential

$21.99+0.65(0.03%)Market open

Market Cap

$160,863

P/E

0.0x

P/S

0.0x

P/B

0.0x

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. was established on November 01, 1961 and incorporated in Maryland.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (9/25).

Profitability25/25

Growth18/25

Balance Sheet & Red Flags9/25

Cash & Earnings Quality24/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 0.0x5y range 0.0x – 147.6x

Currently below its 18-quarter median.

P/S · 0.0x5y range 0.0x – 4.1x

Currently near its 20-quarter median.

P/B · 0.0x5y range 0.0x – 3.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Leverage Risk

Watch

D/E ratio of 2.1 is elevated. Watch for further debt accumulation.

Price & Volume

Market Cap $160,863

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $30.22M
Q. Revenue: $7.54M
TTM EBITDA: $18.54M
TTM Op. Income: $15.64M
Q. Op. Income: $3.89M
TTM Net Income: $22.84M
Q. Net Income: $20.16M
EPS: $2.69
Shares Out.: $7,482

$30.22M in TTM revenue grew 4.1% YoY, reaching $7.54M last quarter. TTM EBITDA of $18.54M and TTM operating income of $15.64M show growth is flowing through to the bottom line. TTM net income of $22.84M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 5 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: 60.6%
Op. Margin: 51.6%
Net Margin: 267.5%

Op. margin of 51.6% is up 0.9% YoY — cost efficiency is improving. Net margin at 267.5% Over the past year, operating margin is up 2% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 0.0x
P/S Ratio: 0.0x
P/B Ratio: 0.0x

At 0.0x P/E, the stock trades below typical market levels. P/S of 0.0x and P/B of 0.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 78% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $165.50M
Cash: $16.02M
Long-Term Debt: $114.20M
Book Value: $53.67M
D/E Ratio: 2.1
Debt/EBITDA: 25.0

With $165.50M in assets and $114.20M in long-term debt, D/E is 2.1and book value is $53.67M — elevated leverage, meaning significant financial risk in a downturn. Across the last 3 quarters, debt/equity has fallen for 2 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $744,000
TTM Free Cash Flow: $5.03M
FCF Margin: 16.6%
FCF / Net Income: 0.2

TTM FCF of $5.03M on $744,000 in operating cash flow. The FCF / Net Income ratio of 0.2x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is up 67% — a weakening trend.