$FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
Stock
$frevs
2015 Q2 Form 10-Q Financial Statement
#000117494715001028 Filed on June 09, 2015
Income Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
Revenue | $11.25M | $10.63M |
YoY Change | 5.83% | 7.29% |
Cost Of Revenue | $5.910M | $4.930M |
YoY Change | 19.88% | 11.54% |
Gross Profit | $5.340M | $5.710M |
YoY Change | -6.48% | 4.01% |
Gross Profit Margin | 47.46% | 53.71% |
Selling, General & Admin | $500.0K | $490.0K |
YoY Change | 2.04% | 6.52% |
% of Gross Profit | 9.36% | 8.58% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $1.810M | $1.690M |
YoY Change | 7.1% | 0.0% |
% of Gross Profit | 33.9% | 29.6% |
Operating Expenses | $8.056M | $6.939M |
YoY Change | 16.1% | 252.23% |
Operating Profit | $3.196M | $3.693M |
YoY Change | -13.46% | 4.91% |
Interest Expense | $2.771M | $2.844M |
YoY Change | -2.57% | -194.49% |
% of Operating Profit | 86.7% | 77.01% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $460.0K | $890.0K |
YoY Change | -48.31% | 78.0% |
Income Tax | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% |
Net Earnings | $532.0K | $833.0K |
YoY Change | -36.13% | -55.45% |
Net Earnings / Revenue | 4.73% | 7.83% |
Basic Earnings Per Share | ||
Diluted Earnings Per Share | $77.83K | $118.7K |
COMMON SHARES | ||
Basic Shares Outstanding | 6.793M shares | 6.922M shares |
Diluted Shares Outstanding | 6.808M shares | 6.922M shares |
Balance Sheet
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $15.90M | $19.60M |
YoY Change | -18.88% | -23.44% |
Cash & Equivalents | $15.90M | $19.60M |
Short-Term Investments | ||
Other Short-Term Assets | $4.000M | $3.500M |
YoY Change | 14.29% | -22.22% |
Inventory | ||
Prepaid Expenses | ||
Receivables | $5.700M | $6.600M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $25.60M | $29.70M |
YoY Change | -13.8% | -25.19% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $298.1M | $226.0M |
YoY Change | 31.9% | 5.17% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | ||
YoY Change | ||
Other Assets | $5.000M | $15.60M |
YoY Change | -67.95% | 420.0% |
Total Long-Term Assets | $310.2M | $249.5M |
YoY Change | 24.33% | 13.67% |
TOTAL ASSETS | ||
Total Short-Term Assets | $25.60M | $29.70M |
Total Long-Term Assets | $310.2M | $249.5M |
Total Assets | $335.8M | $279.2M |
YoY Change | 20.27% | 7.72% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $9.700M | $9.100M |
YoY Change | 6.59% | 213.79% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $23.20M | $21.70M |
YoY Change | 6.91% | 49.66% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $287.0M | $225.0M |
YoY Change | 27.56% | 3.07% |
Other Long-Term Liabilities | $1.600M | $700.0K |
YoY Change | 128.57% | -41.67% |
Total Long-Term Liabilities | $288.6M | $225.7M |
YoY Change | 27.87% | 2.82% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $23.20M | $21.70M |
Total Long-Term Liabilities | $288.6M | $225.7M |
Total Liabilities | $325.5M | $258.4M |
YoY Change | 25.97% | 6.56% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | ||
YoY Change | ||
Common Stock | ||
YoY Change | ||
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | 266.3K shares | |
Shareholders Equity | $10.30M | $20.80M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $335.8M | $279.2M |
YoY Change | 20.27% | 7.72% |
Cashflow Statement
Concept | 2015 Q2 | 2014 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $532.0K | $833.0K |
YoY Change | -36.13% | -55.45% |
Depreciation, Depletion And Amortization | $1.810M | $1.690M |
YoY Change | 7.1% | 0.0% |
Cash From Operating Activities | $440.0K | $1.920M |
YoY Change | -77.08% | -27.82% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$10.00M | -$4.180M |
YoY Change | 139.23% | 234.4% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $0.00 | -$2.130M |
YoY Change | -100.0% | |
Cash From Investing Activities | -$10.00M | -$6.310M |
YoY Change | 58.48% | 404.8% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | 5.090M | -1.060M |
YoY Change | -580.19% | -66.87% |
NET CHANGE | ||
Cash From Operating Activities | 440.0K | 1.920M |
Cash From Investing Activities | -10.00M | -6.310M |
Cash From Financing Activities | 5.090M | -1.060M |
Net Change In Cash | -4.470M | -5.450M |
YoY Change | -17.98% | 204.47% |
FREE CASH FLOW | ||
Cash From Operating Activities | $440.0K | $1.920M |
Capital Expenditures | -$10.00M | -$4.180M |
Free Cash Flow | $10.44M | $6.100M |
YoY Change | 71.15% | 56.01% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2014Q2 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
1463000 | USD |
CY2015Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
69000 | USD |
CY2014Q2 | us-gaap |
Other Real Estate Revenue
OtherRealEstateRevenue
|
68000 | USD |
CY2015Q2 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
6726869 | shares |
CY2014Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10554000 | USD |
CY2014Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
1590000 | USD |
CY2014Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
3869000 | USD |
CY2014Q4 | us-gaap |
Accounts Receivable Net
AccountsReceivableNet
|
1673000 | USD |
CY2014Q4 | us-gaap |
Loans Receivable Commercial Real Estate
LoansReceivableCommercialRealEstate
|
5451000 | USD |
CY2014Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
4059000 | USD |
CY2014Q4 | frevsob |
Deferred Charges Net
DeferredChargesNet
|
5143000 | USD |
CY2014Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
515000 | USD |
CY2014Q4 | us-gaap |
Assets
Assets
|
305317000 | USD |
CY2014Q4 | us-gaap |
Secured Debt
SecuredDebt
|
251552000 | USD |
CY2014Q4 | us-gaap |
Other Deferred Compensation Arrangements Liability Current And Noncurrent
OtherDeferredCompensationArrangementsLiabilityCurrentAndNoncurrent
|
9017000 | USD |
CY2014Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
9495000 | USD |
CY2014Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2046000 | USD |
CY2014Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
2319000 | USD |
CY2014Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
1042000 | USD |
CY2014Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
USD | |
CY2015Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
8000000 | shares |
CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
6993152 | shares |
CY2014Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
24985000 | USD |
CY2015Q2 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
266283 | shares |
CY2014Q4 | us-gaap |
Treasury Stock Value
TreasuryStockValue
|
3348000 | USD |
CY2014Q4 | us-gaap |
Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
|
6270000 | USD |
CY2014Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
360000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
15727000 | USD |
CY2014Q4 | us-gaap |
Minority Interest
MinorityInterest
|
14119000 | USD |
CY2014Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
29846000 | USD |
CY2014Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
305317000 | USD |
CY2014Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
222317000 | USD |
CY2015Q2 | us-gaap |
Development In Process
DevelopmentInProcess
|
77516000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-1617000 | USD | |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-164000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-276000 | USD | |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-153000 | USD | |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-1341000 | USD | |
us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-11000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
433000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
10739000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-149000 | USD | |
us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-3000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
45000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
288000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
388000 | USD | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
10451000 | USD | |
us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
47000 | USD | |
us-gaap |
Trustee Fees
TrusteeFees
|
383000 | USD | |
us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
396000 | USD | |
us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
9000 | USD | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.60 | ||
us-gaap |
Dividends Common Stock
DividendsCommonStock
|
4072000 | USD | |
us-gaap |
Depreciation
Depreciation
|
3295000 | USD | |
us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
324000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
USD | ||
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
16200000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
19700000 | USD | |
us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
25637000 | USD | |
us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
19000000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
318000 | USD | |
us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
1000 | USD | |
us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
-79000 | USD | |
us-gaap |
Increase Decrease In Accounts Receivable And Other Operating Assets
IncreaseDecreaseInAccountsReceivableAndOtherOperatingAssets
|
237000 | USD | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-299000 | USD | |
us-gaap |
Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
|
-277000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5081000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
1714000 | USD | |
us-gaap |
Payments For Construction In Process
PaymentsForConstructionInProcess
|
25800000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-27514000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
2047000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
13110000 | USD | |
us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
5000000 | USD | |
us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
2583000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
4092000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
6658000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2169000 | USD | |
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
357000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
396000 | USD | |
us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
466000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
27815000 | USD | |
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
5382000 | USD | |
CY2013Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7801000 | USD |
us-gaap |
Interest Paid Net
InterestPaidNet
|
5136000 | USD | |
us-gaap |
Escrow Deposits Related To Property Sales
EscrowDepositsRelatedToPropertySales
|
USD | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
6551000 | USD | |
CY2014Q2 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2077000 | USD |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
47000 | USD | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
USD | ||
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
374000 | USD | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
USD | ||
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-1341000 | USD | |
CY2014Q2 | us-gaap |
Derivative Assets
DerivativeAssets
|
969000 | USD |
frevsob |
Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
|
10789000 | USD | |
frevsob |
Business Acquisitions Pro Forma Income Net Income Loss Attributable To Noncontrolling Interest
BusinessAcquisitionsProFormaIncomeNetIncomeLossAttributableToNoncontrollingInterest
|
291000 | USD | |
CY2014 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-465000 | USD |
us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-11000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
10498000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
22309000 | USD | |
frevsob |
Business Acquisitions Pro Forma Expenses
BusinessAcquisitionsProFormaExpenses
|
20261000 | USD | |
us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
2048000 | USD | |
frevsob |
Business Acquisitions Pro Forma Income Loss From Discontinued Operations
BusinessAcquisitionsProFormaIncomeLossFromDiscontinuedOperations
|
7000 | USD | |
frevsob |
Business Acquisitions Pro Forma Income Gain Loss From Sale Of Discontinued Operations
BusinessAcquisitionsProFormaIncomeGainLossFromSaleOfDiscontinuedOperations
|
8734000 | USD | |
us-gaap |
Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
|
0.26 | ||
frevsob |
Business Acquisition Pro Forma Income Loss From Discontinued Operations Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromDiscontinuedOperationsNetOfTaxPerShareBasic
|
1.26 | ||
us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
1.52 | ||
frevsob |
Business Acquisition Pro Forma Weighted Average Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageSharesOutstandingBasicAndDiluted
|
6927000 | shares | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
933000000 | USD | |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
512000000 | USD | |
CY2015Q2 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
294000000 | USD |
CY2014Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
256000000 | USD |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segments | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
148000 | USD | |
us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
87000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1144000 | USD | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
803000 | USD | |
CY2015 | frevsob |
Distributed Earnings Percentage
DistributedEarningsPercentage
|
1.00 | pure |
CY2013 | us-gaap |
Discontinued Operation Gain Loss From Disposal Of Discontinued Operation Before Income Tax
DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax
|
3500000 | USD |
CY2013Q4 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
24400 | shares |
CY2013Q4 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
20400 | shares |
CY2014 | frevsob |
Distributed Earnings Percentage
DistributedEarningsPercentage
|
1.00 | pure |
CY2013Q4 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
357000 | USD |
CY2013Q4 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
17.50 | |
CY2014Q3 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
100572 | shares |
CY2014Q3 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
1855553 | USD |
CY2014Q3 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
18.45 | |
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
CY2015Q2 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
9530000 | USD |
CY2014Q2 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
9101000 | USD |
CY2015Q2 | us-gaap |
Tenant Reimbursements
TenantReimbursements
|
1653000 | USD |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--10-31 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-04-30 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000036840 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2015 | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
CY2014Q2 | us-gaap |
Profit Loss
ProfitLoss
|
931000 | USD |
CY2015Q2 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
11252000 | USD |
CY2014Q2 | us-gaap |
Real Estate Revenue Net
RealEstateRevenueNet
|
10632000 | USD |
CY2015Q2 | frevsob |
General Operating Expenses
GeneralOperatingExpenses
|
3935000 | USD |
CY2014Q2 | frevsob |
General Operating Expenses
GeneralOperatingExpenses
|
3066000 | USD |
CY2015Q2 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
498000 | USD |
CY2014Q2 | us-gaap |
Owned Property Management Costs
OwnedPropertyManagementCosts
|
489000 | USD |
CY2015Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
1975000 | USD |
CY2014Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
1864000 | USD |
CY2015Q2 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1648000 | USD |
CY2014Q2 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1520000 | USD |
CY2015Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
8056000 | USD |
CY2014Q2 | us-gaap |
Operating Expenses
OperatingExpenses
|
6939000 | USD |
CY2015Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3196000 | USD |
CY2014Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3693000 | USD |
CY2015Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
36000 | USD |
CY2014Q2 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
41000 | USD |
CY2015Q2 | us-gaap |
Interest Expense
InterestExpense
|
2771000 | USD |
CY2014Q2 | us-gaap |
Interest Expense
InterestExpense
|
2844000 | USD |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
461000 | USD |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
890000 | USD |
CY2015Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
USD | |
CY2014Q2 | us-gaap |
Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
|
USD | |
CY2015Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
USD | |
CY2014Q2 | us-gaap |
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
|
41000 | USD |
CY2015Q2 | us-gaap |
Profit Loss
ProfitLoss
|
461000 | USD |
CY2015Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-71000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
98000 | USD |
CY2015Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
532000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
833000 | USD |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
0.08 | |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic And Diluted Share
IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
|
0.11 | |
CY2015Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
||
CY2014Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
|
0.01 | |
CY2015Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.08 | |
CY2014Q2 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.12 | |
CY2015Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
532000 | USD |
CY2014Q2 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
792000 | USD |
CY2015Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
USD | |
CY2014Q2 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
41000 | USD |
CY2015Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
532000 | USD |
CY2014Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
833000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
642000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-155000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-166000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-74000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
808000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
-81000 | USD |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1269000 | USD |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
850000 | USD |
CY2015Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
107000 | USD |
CY2014Q2 | us-gaap |
Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToNoncontrollingInterest
|
-24000 | USD |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
36000 | USD |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
74000 | USD |
CY2015Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1233000 | USD |
CY2014Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
776000 | USD |
us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
USD | ||
us-gaap |
Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
|
2128000 | USD | |
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
USD | ||
us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
2128000 | USD | |
CY2015Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
220000000 | USD |
CY2014Q2 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
175000000 | USD |
CY2015Q2 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
73000 | USD |
CY2014Q2 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
41000 | USD |
CY2014Q2 | us-gaap |
Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
|
5000 | USD |
CY2015Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
652000 | USD |
CY2014Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
401000 | USD |
CY2015Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
808000 | USD |
CY2014Q2 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-81000 | USD |
CY2014Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
11185000 | USD |
CY2014Q2 | frevsob |
Business Acquisitions Pro Forma Expenses
BusinessAcquisitionsProFormaExpenses
|
10275000 | USD |
CY2014Q2 | us-gaap |
Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
|
910000 | USD |
CY2014Q2 | frevsob |
Business Acquisitions Pro Forma Income Loss From Discontinued Operations
BusinessAcquisitionsProFormaIncomeLossFromDiscontinuedOperations
|
USD | |
CY2014Q2 | frevsob |
Business Acquisitions Pro Forma Income Gain Loss From Sale Of Discontinued Operations
BusinessAcquisitionsProFormaIncomeGainLossFromSaleOfDiscontinuedOperations
|
41000 | USD |
CY2014Q2 | frevsob |
Business Acquisitions Pro Forma Profit Loss
BusinessAcquisitionsProFormaProfitLoss
|
951000 | USD |
CY2014Q2 | frevsob |
Business Acquisitions Pro Forma Income Net Income Loss Attributable To Noncontrolling Interest
BusinessAcquisitionsProFormaIncomeNetIncomeLossAttributableToNoncontrollingInterest
|
98000 | USD |
CY2014Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
853000 | USD |
CY2014Q2 | us-gaap |
Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareBasic
|
0.11 | |
CY2014Q2 | frevsob |
Business Acquisition Pro Forma Income Loss From Discontinued Operations Net Of Tax Per Share Basic
BusinessAcquisitionProFormaIncomeLossFromDiscontinuedOperationsNetOfTaxPerShareBasic
|
0.01 | |
CY2014Q2 | us-gaap |
Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
|
0.12 | |
CY2014Q2 | frevsob |
Business Acquisition Pro Forma Weighted Average Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageSharesOutstandingBasicAndDiluted
|
6922000 | shares |
us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2169000 | USD | |
us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
94302 | shares | |
CY2015Q1 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
100000 | shares |
CY2015Q1 | us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
94302 | shares |
CY2015Q1 | us-gaap |
Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
|
23.00 | |
CY2015Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
2168946 | USD |
CY2014Q4 | us-gaap |
Treasury Stock Shares
TreasuryStockShares
|
171981 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6807000 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6927000 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6793000 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
6922000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6807000 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6927000 | shares | |
CY2015Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6808000 | shares |
CY2014Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
6922000 | shares |
CY2015Q2 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
14000 | shares |