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⚠ Showing the latest available close (Oct 21, 2026, 2 days ago). Our price provider hasn't published a newer EOD for this ticker yet. Price-dependent metrics (P/E, P/FCF, yield) may not reflect current market conditions.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. logoFirst Real Estate Investment Trust Of New Jersey, Inc.FREVS
$18.50+0.00%
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. logo

First Real Estate Investment Trust Of New Jersey, Inc.

FREVS

$18.50

+$0.00 (+0.00%)

⊜ Compare
ProfitabilityStrong marginsGrowthModeratingCash FlowStrong conversionValuationAttractively priced
What stands out

51.73% operating margin is above average. ROIC at 4.23%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.

What's changing

Revenue growth slowed to 2.2%, essentially flat. This is a business that needs a catalyst.

What deserves caution

Free cash flow declined 71% versus the prior year, cash generation momentum has weakened. Net debt of $224M represents 40.8x FCF, leverage limits flexibility.

Valuation context

6.1x earnings, 27.5x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.

Price History

+38.1%

Valuation & Multiples

Based on TTM earnings · Diluted shares

Market Cap$138M
EPS$3.05
P/E6.07
P/FCF27.53
EV/EBITDA15.13
FCF Yield3.6%
Div. Yield2.16%
Net Debt/FCF19.5x
52-Week Range
$11.01$22.40

Profitability & Returns

Revenue (TTM)

$30M

▲ +2.2% YoY

Net Income (TTM)

$23M

▼ -77.9% YoY

Op. Margin

51.75%

▼ -0.7pp YoY

ROIC

6.57%

▼ -1.0pp YoY

Cash Flow & Balance Sheet

FCF (TTM)

$5M

▼ -71.0% YoY

Op. Cash Flow (TTM)

$6M

▼ -69.0% YoY

Net Debt

$98M

Cash & Equiv.

$16M

5Y CAGR: -11.1%

5Y CAGR: +24.4%

Continue Research

SourceComputed from the 10-Q filed 11 Sept 2026, covering the period ending 31 Jul 2026, as reported to the SEC. Data last refreshed 3 Oct 2026. How this is calculated.

Price from market data, last close as of 21 Oct 2026. Fiscal year ends Oct. Sector medians are approximate S&P 500 benchmarks and update periodically.

Is First Real Estate Investment Trust Of New Jersey (FREVS) overvalued?

At a P/E of 6.1 and a price-to-free-cash-flow of 27.5, First Real Estate Investment Trust Of New Jersey (FREVS) trades above a two-stage DCF intrinsic value of about $-1.47 per share, so at $18.50 the stock looks overvalued (108.0% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.

On quality, First Real Estate Investment Trust Of New Jersey scores 36/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 2.2%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.

Frequently asked

What is First Real Estate Investment Trust Of New Jersey's fair value?+

Intrinsiqq's two-stage DCF estimates an intrinsic value of about $-1.47 per share for FREVS, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $-1.11. At today's $18.50, that puts the stock about 108.0% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.

Is First Real Estate Investment Trust Of New Jersey a high-quality business?+

First Real Estate Investment Trust Of New Jersey scores 36 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 51.8% operating margin and a 6.6% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.

Does First Real Estate Investment Trust Of New Jersey (FREVS) pay a dividend, and how much?+

Yes, First Real Estate Investment Trust Of New Jersey pays a regular dividend of about $0.40 per share per year (typically in quarterly installments), a yield of roughly 2.2% at the current price. That is a payout ratio of about 13.1% of earnings, so the dividend is amply covered by earnings. First Real Estate Investment Trust Of New Jersey has grown the dividend at roughly 62.5% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FREVS's full payout history, growth streak and dividend-safety score, see the dividends tab.

Is First Real Estate Investment Trust Of New Jersey a good stock to buy right now?+

That depends on valuation and quality together, not either alone. FREVS currently trades above its estimated intrinsic value and scores 36/100 on quality (lower-quality). It also yields about 2.2%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.

Related stocks: Real Estate Investment Trusts

Spot a number that looks wrong? Check it in FREVS's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

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Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.