First Real Estate Investment of New Jersey (FREVS) AI Stock Analysis

• Market Cap: $100.26M
• Dividend Yield: 2.42%
• Average Volume (3M): 727.00
• Price to Earnings (P/E): 24.8
• Beta (1Y): 0.11
• Revenue Growth: 1.59%
• EPS Growth: -77.87%
• Country: US
• Employees: 19
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Diversified
• EPS (TTM): 0.13
• Shares Outstanding: 7,482,432
• 10 Day Avg. Volume: 276
• 30 Day Avg. Volume: 727
• PEG Ratio: -0.37
• Price to Book (P/B): 2.95
• Price to Sales (P/S): 3.43
• P/FCF Ratio: 16.90
• Enterprise Value/Market Cap: 2.06
• Enterprise Value/Revenue: 6.99
• Enterprise Value/Gross Profit: 34.12
• Enterprise Value/Ebitda: 16.62
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: $13.50 ▼(-9.40% Downside)
• Action: Reiterated Date: 03/17/26
• Date: Action: Reiterated 03/17/26

The score is driven primarily by mixed financial performance: good current margins and cash flow are offset by a highly leveraged balance sheet and historically uneven results. Technical signals are mildly weak (negative MACD and trading below longer-term averages), valuation looks somewhat expensive on P/E despite a modest dividend yield, and the recent dividend communication adds uncertainty around payout consistency.

Positive Factors

Cash generation

Trailing-twelve-month operating and free cash flow roughly match net income, showing the company converts reported earnings into real cash. Durable cash conversion supports debt service, maintenance capex and opportunistic investments, improving financial resilience over months ahead.

Negative Factors

High leverage

A debt-to-equity ratio near 3.5x leaves the REIT highly exposed to interest-rate moves and refinancing risk. Elevated leverage restricts flexibility for acquisitions or capital returns and raises default sensitivity if cash flows weaken, a material structural constraint for months ahead.

First Real Estate Investment of New Jersey Business Overview & Revenue Model

Company Description

First Real Estate Investment Trust of New Jersey 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, New York and Maryland, with the larg...

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First Real Estate Investment Trust of New Jersey 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, New York and Maryland, with the larg...

How the Company Makes Money

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First Real Estate Investment of New Jersey Financial Statement Overview

Breakdown	TTM	Oct 2025	Oct 2024	Oct 2023	Oct 2022	Oct 2021
Income Statement
Total Revenue	29.55M	29.32M	28.68M	28.34M	31.27M	50.29M
Gross Profit	6.06M	9.14M	22.69M	11.65M	25.07M	42.23M
EBITDA	12.44M	12.18M	11.40M	10.35M	10.89M	22.80M
Net Income	3.84M	3.51M	15.85M	760.00K	45.99M	-9.95M
Balance Sheet
Total Assets	149.00M	149.87M	162.26M	159.12M	178.65M	346.11M
Cash, Cash Equivalents and Short-Term Investments	35.80M	36.10M	44.17M	14.55M	49.58M	35.89M
Total Debt	120.41M	120.78M	128.07M	137.06M	138.07M	299.88M
Total Liabilities	123.63M	124.17M	136.08M	140.64M	153.91M	314.15M
Stockholders Equity	34.20M	34.04M	33.36M	24.52M	25.91M	36.57M
Cash Flow
Free Cash Flow	6.10M	5.94M	18.92M	1.39M	5.75M	10.28M
Operating Cash Flow	6.08M	6.25M	20.16M	2.68M	7.32M	12.22M
Investing Cash Flow	10.60M	11.54M	-6.11M	-25.31M	249.69M	-1.79M
Financing Cash Flow	-10.93M	-15.49M	-13.19M	-17.51M	-237.55M	-10.90M

First Real Estate Investment of New Jersey Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 14.90
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FREVS, the sentiment is Negative. The current price of 14.9 is above the 20-day moving average (MA) of 13.47, above the 50-day MA of 13.39, and above the 200-day MA of 13.82, indicating a neutral trend. The MACD of 0.02 indicates Positive momentum. The RSI at 49.52 is Neutral, neither overbought nor oversold. The STOCH value of 50.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FREVS.

First Real Estate Investment of New Jersey Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
MDV	55 Neutral	$155.72M	136.69	0.64%	8.15%	-0.59%	-160.22%
FREVS	52 Neutral	$100.26M	24.80	10.42%	2.42%	1.59%	-77.87%
MDRR	49 Neutral	$28.72M	-6.48	-20.24%	2.06%	-0.05%	-150.66%
MKZR	43 Neutral	$6.88M	-0.37	-38.08%	86.42%	26.56%	-20.97%
SQFT	41 Neutral	$3.56M	-0.49	-27.98%	―	-2.79%	72.36%
GIPR	40 Underperform	$1.44M	-0.32	-1149.68%	―	-4.77%	23.08%

First Real Estate Investment of New Jersey Corporate Events