$FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Stock $frevs

$frevs Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000117494721000271 Filed on March 17, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$12.75M	$15.59M
YoY Change	-18.21%	4.45%
Cost Of Revenue	$6.025M	$9.804M
YoY Change	-38.55%	55.69%
Gross Profit	$6.729M	$5.789M
YoY Change	16.24%	-32.93%
Gross Profit Margin	52.76%	37.13%
Selling, General & Admin	$526.0K	$715.0K
YoY Change	-26.43%	12.24%
% of Gross Profit	7.82%	12.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.295M	$2.932M
YoY Change	-21.73%	-9.67%
% of Gross Profit	34.11%	50.65%
Operating Expenses	$8.846M	$13.45M
YoY Change	-34.24%	288.64%
Operating Profit	$3.908M	$2.142M
YoY Change	82.45%	-58.57%
Interest Expense	$3.132M	$4.235M
YoY Change	-26.04%	-189.44%
% of Operating Profit	80.14%	197.71%
Other Income/Expense, Net
YoY Change
Pretax Income	$7.669M	$9.165M
YoY Change	-16.32%	2006.9%
Income Tax
% Of Pretax Income
Net Earnings	$558.0K	-$2.262M
YoY Change	-124.67%	-592.81%
Net Earnings / Revenue	4.38%	-14.51%
Basic Earnings Per Share	$0.08
Diluted Earnings Per Share	$0.08	-$324.1K
COMMON SHARES
Basic Shares Outstanding	7.009M shares
Diluted Shares Outstanding	7.009M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$39.79M	$31.90M
YoY Change	24.71%	35.0%
Cash & Equivalents	$39.79M	$31.90M
Short-Term Investments
Other Short-Term Assets	$4.950M	$6.022M
YoY Change	-17.8%	6.17%
Inventory
Prepaid Expenses
Receivables	$5.485M	$5.713M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$50.22M	$43.64M
YoY Change	15.09%	23.34%
LONG-TERM ASSETS
Property, Plant & Equipment	$276.7M	$328.0M
YoY Change	-15.64%	-2.6%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$20.07M
YoY Change
Other Assets	$2.162M	$2.587M
YoY Change	-16.43%	-70.82%
Total Long-Term Assets	$305.6M	$337.8M
YoY Change	-9.54%	-4.55%
TOTAL ASSETS
Total Short-Term Assets	$50.22M	$43.64M
Total Long-Term Assets	$305.6M	$337.8M
Total Assets	$355.9M	$381.5M
YoY Change	-6.72%	-2.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable		$3.508M
YoY Change		58.3%
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	$11.00M	$15.34M
YoY Change	-28.32%	-25.07%
LONG-TERM LIABILITIES
Long-Term Debt	$304.7M	$349.1M
YoY Change	-12.74%	0.85%
Other Long-Term Liabilities	$5.354M	$3.720M
YoY Change	43.92%	194.3%
Total Long-Term Liabilities	$310.0M	$352.9M
YoY Change	-12.14%	1.55%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.00M	$15.34M
Total Long-Term Liabilities	$310.0M	$352.9M
Total Liabilities	$320.2M	$368.1M
YoY Change	-13.0%	-0.47%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock	$28.09M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$35.63M	$13.42M
YoY Change
Total Liabilities & Shareholders Equity	$355.9M	$381.5M
YoY Change	-6.72%	-2.01%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	$558.0K	-$2.262M
YoY Change	-124.67%	-592.81%
Depreciation, Depletion And Amortization	$2.295M	$2.932M
YoY Change	-21.73%	-9.67%
Cash From Operating Activities	$5.161M	-$2.237M
YoY Change	-330.71%	-147.96%
INVESTING ACTIVITIES
Capital Expenditures	-$409.0K	-$345.0K
YoY Change	18.55%	-57.14%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$474.0K	-$345.0K
YoY Change	37.39%	-57.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$500.0K
YoY Change
Cash From Financing Activities	-$1.042M	-$2.978M
YoY Change	-65.01%	73.24%
NET CHANGE
Cash From Operating Activities	$5.161M	-$2.237M
Cash From Investing Activities	-$474.0K	-$345.0K
Cash From Financing Activities	-$1.042M	-$2.978M
Net Change In Cash	$3.645M	-$5.560M
YoY Change	-165.56%	-359.81%
FREE CASH FLOW
Cash From Operating Activities	$5.161M	-$2.237M
Capital Expenditures	-$409.0K	-$345.0K
Free Cash Flow	$5.570M	-$1.892M
YoY Change	-394.4%	-134.59%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000036840
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--10-31
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
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CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NONE
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-01-31
CY2021Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2021Q1	dei	Entity File Number EntityFileNumber	000-25043
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	304680000	USD
CY2021Q1	us-gaap	Equity Method Investments EquityMethodInvestments	20074000	USD
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q1	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	6860048	shares
CY2020Q4	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	278150000	USD
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2020Q4	us-gaap	Construction In Progress Gross ConstructionInProgressGross	566000	USD
CY2021Q1	dei	Entity Shell Company EntityShellCompany	false
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	36860000	USD
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CY2020Q1	us-gaap	Revenues Revenues	15593000	USD
CY2021Q1	frevsob	General Operating Expenses GeneralOperatingExpenses	4108000	USD
CY2020Q1	frevsob	General Operating Expenses GeneralOperatingExpenses	4015000	USD
CY2021Q1	frevsob	Special Comittee Expenses SpecialComitteeExpenses		USD
CY2020Q1	frevsob	Special Comittee Expenses SpecialComitteeExpenses	3382000	USD
CY2021Q1	frevsob	Costs For Owned Property Management CostsForOwnedPropertyManagement	526000	USD
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CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	311000	shares
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	311000	shares
CY2021Q1	us-gaap	Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax	498000	USD
CY2021Q1	us-gaap	Management Fee Expense ManagementFeeExpense	93000	USD
CY2021Q1	frevsob	Insurance Commissions Paid InsuranceCommissionsPaid	10000	USD
CY2020Q2	us-gaap	Loss Contingency Damages Sought Value LossContingencyDamagesSoughtValue	15000000	USD
CY2021Q1	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	0	USD
CY2020Q1	us-gaap	Litigation Settlement Expense LitigationSettlementExpense	3382000	USD
CY2021Q1	us-gaap	Legal Fees LegalFees	481000	USD
CY2021Q1	frevsob	Deferred Loan Payments DeferredLoanPayments	1013000	USD
CY2021Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	162000	USD
CY2020	us-gaap	Repayments Of Debt RepaymentsOfDebt	162000	USD
CY2021Q1	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	308800000	USD
CY2020Q4	us-gaap	Debt Instrument Fair Value DebtInstrumentFairValue	311400000	USD
CY2021Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segments
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	7669000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	9165000	USD
CY2021Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	206000	USD
CY2020Q1	us-gaap	Straight Line Rent Adjustments StraightLineRentAdjustments	-63000	USD
CY2021Q1	us-gaap	Investment Income Net InvestmentIncomeNet	30000	USD
CY2020Q1	us-gaap	Investment Income Net InvestmentIncomeNet	72000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1260000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	772000	USD
CY2021Q1	frevsob	Special Committee Expenses SpecialCommitteeExpenses		USD
CY2020Q1	frevsob	Special Committee Expenses SpecialCommitteeExpenses	3382000	USD
CY2021Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-27000	USD
CY2020Q1	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments		USD
CY2021Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	2295000	USD
CY2020Q1	us-gaap	Depreciation Nonproduction DepreciationNonproduction	2932000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	3132000	USD
CY2020Q1	us-gaap	Interest Expense InterestExpense	4235000	USD
CY2021Q1	us-gaap	Profit Loss ProfitLoss	779000	USD
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-2021000	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	221000	USD
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	241000	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	558000	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-2262000	USD
CY2021	frevsob	Distributed Earnings Percentage DistributedEarningsPercentage	1	pure
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable Current OperatingLeasesFutureMinimumPaymentsReceivableCurrent	17096000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable In Two Years OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears	14380000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable In Three Years OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears	11817000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable In Four Years OperatingLeasesFutureMinimumPaymentsReceivableInFourYears	9652000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable In Five Years OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears	8249000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable Thereafter OperatingLeasesFutureMinimumPaymentsReceivableThereafter	25486000	USD
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Receivable OperatingLeasesFutureMinimumPaymentsReceivable	86680000	USD
CY2021Q1	us-gaap	Gain Loss On Termination Of Lease GainLossOnTerminationOfLease	260000	USD
CY2021Q1	frevsob	Loss Of Base Rent And Additional Rent LossOfBaseRentAndAdditionalRent	400000	USD
CY2021Q1	frevsob	Percentage Of Monthly Cash Collections PercentageOfMonthlyCashCollections	0.82	pure
CY2021Q1	frevsob	Rental Revenue Deemed Uncollectible RentalRevenueDeemedUncollectible	600000	USD
CY2021Q1	frevsob	Rent Abatements RentAbatements	50000	USD
CY2021Q1	frevsob	Deferred Payments Of Loan DeferredPaymentsOfLoan	1013000	USD
CY2021Q1	us-gaap	Repayments Of Debt RepaymentsOfDebt	162000	USD
CY2021Q1	us-gaap	Cash Cash	39800000	USD
CY2021Q1	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	13000000	USD

Files In Submission

Name	View Source	Status
0001174947-21-000271-index-headers.html	Edgar Link	pending
0001174947-21-000271-index.html	Edgar Link	pending
0001174947-21-000271.txt	Edgar Link	pending
0001174947-21-000271-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
frevsob-20210131.xsd	Edgar Link	pending
frevsob-20210131_cal.xml	Edgar Link	unprocessable
frevsob-20210131_def.xml	Edgar Link	unprocessable
frevsob-20210131_lab.xml	Edgar Link	unprocessable
frevsob-20210131_pre.xml	Edgar Link	unprocessable
frevsob10q0121.htm	Edgar Link	pending
frevsob10q0121_htm.xml	Edgar Link	completed
frevsob10qex31-1.htm	Edgar Link	pending
frevsob10qex31-2.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Stock $frevs

2021 Q1 Form 10-Q Financial Statement

#000117494721000271 Filed on March 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FREVS FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Stock $frevs

2021 Q1 Form 10-Q Financial Statement

#000117494721000271 Filed on March 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Stock $frevs