First Real Estate Investment Trust of New Jersey FREVS · USD
Real Estate · US listing · 🇺🇸 United States
18.75
+0.21%
Close of 9 Nov 2026, in USD
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About First Real Estate Investment Trust of New Jersey
From its filings with the US Securities and Exchange Commission
First Real Estate Investment Trust of New Jersey is based in Hackensack, New Jersey and is incorporated in New Jersey. Its shares trade on OTC under the ticker FREVS. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 October 2025, it reported revenue of $29.3m and net income of $3.5m. At that date it held total assets of $149.9m and shareholders' equity of $34.0m.
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 28 Mar 1994
- Employees
- 19
- Website
- freitnj.com ↗
- Head office
- 505 MAIN STREET, HACKENSACK, NJ, 07601
- Incorporated in
- NJ
- Classification
- Real Estate Investment Trusts
- Filer status
- Non-accelerated filer<br>Smaller reporting company
Leadership
Pay as last reported
- Mr. Ronald ArtinianIndependent Chairman of the Board$97,500
- Mr. Robert HekemianPresident, Chief Executive Officer, Director, since 2007$680,000
- Mr. Allan TubinChief Financial Officer, Treasurer$45,000
- Mr. John AielloSecretary, Director, since 2003$130,000
- Mr. David HekemianDirector$80,000
- Mr. Richard AslanianIndependent Director$85,292
- Mr. David McBrideIndependent Director$94,708
- Mr. Justin MengIndependent Director$85,000
- Ms. Irene D'AndreaInvestor Relations, since 2021
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- First Real Estate Investment Trust of New Jersey (FREITNJ) has several strengths that contribute to its success and market position:
- FREITNJ owns a diversified portfolio of prime real estate properties, including office buildings, retail centers, and residential complexes, strategically located in high-demand areas.
- The trust benefits from long-term lease agreements with high-quality tenants, ensuring stable rental income and minimizing vacancy risks.
- FREITNJ has consistently demonstrated solid financial performance, with stable revenue and impressive profitability ratios, making it an attractive investment option.
Weaknesses
- While FREITNJ has many strengths, it also faces certain weaknesses that need to be addressed:
- The trust's real estate holdings are predominantly concentrated in New Jersey, which exposes it to specific regional economic risks and market fluctuations.
- FREITNJ's property portfolio lacks significant diversification across different asset classes, potentially limiting its ability to adapt to changing market trends and tenant demands.
Opportunities
- FREITNJ can leverage various opportunities to further enhance its position and grow in the market:
- The trust can explore expansion opportunities beyond New Jersey, targeting high-growth markets to diversify its geographical presence and reduce regional dependency.
- By strategically developing mixed-use properties, combining residential, commercial, and recreational spaces, FREITNJ can tap into the growing demand for integrated living and working environments.
Threats
- FREITNJ should also be aware of potential threats that could impact its market position:
- During economic downturns, there may be reduced demand for real estate properties, leading to increased vacancy rates and potential declines in rental income and property valuations.
- The real estate industry is highly competitive, with numerous players vying for tenants and investors. FREITNJ must continuously differentiate itself and maintain competitive rental rates and property management services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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