1. United States of America Stocks

  2. •

    Real Estate

  3. •

    Real Estate - Development
First Hartford Corporation

First Hartford Corporation

FHRT
First Hartford CorporationUS flagOther OTC
26.50
USD
- -
- -
60.09MMarket Cap
First Hartford Corporation
FHRT
(Other OTC)

Recent

price

26.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2024
2025
TTM
FRC
1.7
11.09
4.01
3.92
5.07
7.72
7.95
15.35
16.14
17.01
28.84
25.7
31.85
35.77
26.13
- -
34.47
Revenue per Share
-0.15
0.22
- -
-0.44
-1.36
-0.7
-1.56
-0.73
0.07
-1.93
6.99
0.73
1.26
0.68
-1.67
- -
2.43
Basic EPS, GAAP
-5.86
-0.29
-11.38
-8.68
-7.56
-3.21
-7.75
2.88
2.24
1.44
0.1
2.42
0.27
2.01
-0.3
- -
1.98
Free Cash Flow per Basic Share
- -
- -
0.1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.49
-1.28
-1.38
-1.82
-3.18
-3.9
-5.11
-7.98
-7.96
-9.91
-2.93
-2.2
-1
-0.36
7.26
- -
1.44
Book Value per Share
-0.52
-0.29
1.14
1.33
-0.89
-0.87
-1.83
-7.24
-5.27
-8.06
-1.71
-1.89
-0.59
0.04
3.36
- -
1.82
Tangible Book Value per Share
3
3
3
3
3
3
3
2
2
2
2
2
2
2
2
- -
2
Basic Weighted Avg Shares
5
34
12
12
15
23
22
37
39
41
70
62
76
83
60
107
80
Sales/Revenue/Turnover
-3.59
12.64
17.62
6.6
1.31
14.79
4.43
28.93
25.03
18.23
22.14
17.02
18.08
14
9.82
20.76
20.85
Operating Margin (%)
1
1
1
2
3
3
3
5
5
5
5
5
5
5
7
6
6
Depreciation Expense
- -
1
- -
-1
-4
-2
-4
-2
- -
-5
17
2
3
2
-4
11
6
Net Income, GAAP
- -
2.85
- -
- -
- -
- -
- -
- -
34.08
- -
- -
36.19
29.34
38.79
- -
22.45
29.53
Effective Tax Rate (%)
-8.66
2.02
0.09
-11.24
-26.8
-9.12
-19.67
-4.76
0.41
-11.37
24.24
2.86
3.95
1.9
-6.4
10.35
7.04
Profit Margin (%)
- -
- -
2
1
7
18
12
23
19
14
20
24
24
17
35
9
10
Working Capital
46
41
71
96
116
141
142
206
203
199
202
217
221
222
222
201
218
LT Debt
-2
-1
3
4
-3
-3
-5
-18
-13
-19
-4
-5
-1
- -
8
24
4
Total Equity
- -
9.86
- -
- -
- -
- -
- -
- -
3.41
- -
- -
3.26
4.39
3.14
- -
7.37
5.27
Return on Invested Capital (%)
- -
1.11
- -
- -
- -
- -
- -
- -
3.95
- -
- -
3.81
4.01
3.46
- -
8.88
5.65
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
50.32
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jan'18
Apr'18
Jul'24
ST Debt
- -
5
5
LT Borrowings
235
222
218
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2
2
2
Market Capitalization
6
6
5

Working Capital

FRC

•

in mil. unless spec.
Jan'18
Apr'18
Jul'24
Total Current Assets
30
41
35
Cash, Cash Equivalents & STI
7
8
8
Accounts Receivable, Net
3
3
5
Inventories
- -
7
- -
Total Current Liabilities
14
24
25
Payables & Accruals
14
18
18
ST Debt
- -
5
5
Deferred Revenue
- -
1
1

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
816.69%
1,576.39%
209.34%
Free Cash Flow
310.2%
652.79%
606.39%
Net Income, GAAP
-436.38%
-160.34%
-391.76%
Sales/Revenue/Turnover
21.58%
14.64%
80.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28
12
18
- -
60
2025
- -
- -
- -
- -
107

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.85
2.25
0.39
- -
-1.67
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
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Business
First Hartford Corporation (FHRT) engages in the purchase, development, ownership, management, rental, and sale of real estate properties; it also provides fee-for-service development and management activities as a preferred developer for clients including CVS Pharmacy and Cumberland Farms. The company operates through two primary segments: Real Estate Operations, encompassing rental income from retail shopping centers, multifamily housing, and commercial properties; sales of developed real estate; and Fee for Service, which includes management and maintenance services for third-party properties, construction income, and preferred developer fees earned on project milestones. Core offerings feature strip shopping centers, apartments such as Rockland Schoolhouse Apartments LP, Clarendon Hill Somerville Limited Partnership, and properties used for colleges, restaurants, police stations, and retail tenants like Big Y, Big Lots, and PriceRite; additional revenues derive from other sources including a Bojangles restaurant opened in January 2024. Properties and operations span Connecticut, New Jersey, Massachusetts, Texas, Rhode Island, Delaware, and New York, with management services extended to unconsolidated affiliates like subsidized housing in Claymont, Delaware, and the Bronx, New York. Founded in 1909 and headquartered at 149 Colonial Road, Manchester, Connecticut, the company, through subsidiaries and joint ventures, maintains investments in entities such as Dover Parkade LLC (50% interest in a New Jersey shopping center). Recent developments include the May 2023 buyout of 99.99% limited partnership interests in Rockland Place Apartments LP and Clarendon Hill Somerville LP for approximately $3.1 million, achieving near-full ownership; the October 2024 sale of the Rockland, Massachusetts property for $15.5 million plus debt assumption, generating a $10.6 million gain; a significant legal settlement contributing to fiscal 2025 net income of $11.1 million attributable to the company; and ongoing development activities reflected in $68.4 million in real estate sales revenue for the year ended April 30, 2025.