First Real Estate Investment Trust of New Jersey Inc
freitnj.comWhat Do They Do?
Owns and leases apartments to residents and commercial space to business tenants in New Jersey and New York.
10-K for FY2025, filed Jan 29, 2026
How Do They Make Money?
Apartment and commercial tenants pay rent; commercial leases may also bring expense reimbursements and rent tied to tenants’ sales. Lease rent is spread evenly over the lease term, while sales-based rent is counted when reported as earned or across the relevant period.
10-K for FY2025, filed Jan 29, 2026As an equity REIT, we have generally acquired interests in income producing properties to be held as long-term investments. FREIT’s return…View ↗
FREIT is an equity real estate investment trust ("REIT") that is self-administered and externally managed. FREIT owns a portfolio of…View ↗
Income from leases is recognized on a straight-line basis regardless of when payment is due. Lease agreements between FREIT and commercial…View ↗
$29.3M
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10-K for FY2025, filed Jan 29, 2026
$29.3M ↗
Who Are Their Customers?
Residents rent apartments, while retailers and other businesses lease space in FREIT’s commercial properties.
10-K for FY2025, filed Jan 29, 2026FREIT was founded and organized for the principal purpose of acquiring, developing, and owning a portfolio of diverse income producing real…View ↗
The success of FREIT's investment in its shopping center properties is largely dependent upon the success of its tenants. Unfavorable…View ↗
Income from leases is recognized on a straight-line basis regardless of when payment is due. Lease agreements between FREIT and commercial…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 12 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Jan 29, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q3 FY2026, filed Sep 11, 2026
$20.2MView ↗
- ▲ +2194%
- vs $879K in Q3 FY2025
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Sep 11, 2026
FREIT reported the Franklin Crossing sale and a liquidation plan
The plan calls for selling or transferring remaining assets and requires stockholder approval.
Sources
8-K, filed Sep 11, 2026
On July 8, 2026, FREIT consummated the sale of the Franklin Crossing shopping center with an affiliate of Regency Centers Corporation for a…View ↗
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May 27, 2026
FREIT agreed to sell Westwood Plaza
The agreement calls for sale of the shopping center for $28,800,000, subject to its terms and conditions.
Sources
8-K, filed May 27, 2026
On May 26, 2026, First Real Estate Investment Trust of New Jersey, Inc. (the “Trust” or the “Seller”) entered into a Purchase and Sale…View ↗
Shrinking. Revenue fell 42% in 4 years, from $50.3M in FY2021 to $29.3M in FY2025, about 13% a year.
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