First Real Estate Investment Trust of New Jersey, Inc.
FREVS
Other OTC21.10
USD
-0.17
- -
CIK
0000036840
ISIN
US3361421049
CUSIP
336142104
Return %
Stock
S&P500
1Y
29.85
15.98
3Y
10.88
62.25
5Y
12.17
67.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Robert S. Hekemian Jr.
- Full Time Employees
- 22
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Address
- 505 Main Street Hackensack NJ United States of America 07601
- IPO Date
- Jun 10, 1994
- CIK
- 0000036840
- Website
- freitnj.com
- Similar Companies
- Business
- First Real Estate Investment Trust of New Jersey, Inc. is an equity real estate investment trust (REIT) specializing in acquiring, developing, constructing, and holding real estate properties primarily for long-term investment rather than resale. Its portfolio consists mainly of residential apartment communities and commercial properties, including multi- and single-tenanted buildings, shopping centers, mixed-use developments, and undeveloped land. The company operates predominantly in northern New Jersey, New York, and Maryland markets, owning interests in several joint ventures such as Wayne PSC, LLC, Grande Rotunda, LLC, Damascus Centre, LLC, and wholly owned subsidiaries like WestFREIT Corp. Founded over 60 years ago and headquartered in Hackensack, New Jersey, the company is managed in association with Hekemian & Co., Inc. The company’s main real estate assets include approximately 1,171 residential apartment units across multiple buildings, several large-scale shopping centers and mixed-use office and retail properties, and around 7.37 acres of unimproved land in New Jersey. Its commercial property holdings include substantial ownership stakes in shopping centers totaling more than 700,000 square feet and mixed-use developments with hundreds of residential units. The trust operates through segments focused on commercial and residential properties, with a strategic focus on conservative, long-term real estate investment. Recent notable developments include the reorganization of its subsidiary S and A Commercial Associates Limited Partnership into a tenancy-in-common ownership structure for the Pierre Towers property, adjustments in joint venture ownership percentages, and continued dividend declarations. The company continues to emphasize steady portfolio management and incremental growth through strategic property acquisitions and managing existing assets within its tri-state operating area. It remains listed on the OTC market under the ticker FREVS and maintains a conservative approach to real estate investment with a history of steady earnings and dividend payouts. This comprehensive profile reflects First Real Estate Investment Trust of New Jersey, Inc.’s current business operations, asset holdings, regional focus, and recent strategic changes in its corporate structure and investments.
First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Share Price Crosses Above 50 Day Moving Average – What’s Next?
First Real Estate Investment Trust of New Jersey (OTCMKTS:FREVS) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?
FREIT Announces First Quarter 2024 Results
FREIT Announces Fourth Quarter Fiscal 2023 Results
FREIT Announces Third Quarter Fiscal 2023 Results