$FREVS
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
Stock
$frevs
2023 Q1 Form 10-Q Financial Statement
#000117494723000365 Filed on March 16, 2023
Income Statement
Concept | 2023 Q1 |
---|---|
Revenue | $6.979M |
YoY Change | -34.46% |
Cost Of Revenue | $3.888M |
YoY Change | -36.84% |
Gross Profit | $3.091M |
YoY Change | -31.2% |
Gross Profit Margin | 44.29% |
Selling, General & Admin | $326.0K |
YoY Change | -34.41% |
% of Gross Profit | 10.55% |
Research & Development | |
YoY Change | |
% of Gross Profit | |
Depreciation & Amortization | $722.0K |
YoY Change | -60.33% |
% of Gross Profit | 23.36% |
Operating Expenses | $4.936M |
YoY Change | -41.74% |
Operating Profit | $3.620M |
YoY Change | 66.36% |
Interest Expense | $1.876M |
YoY Change | -35.93% |
% of Operating Profit | 51.82% |
Other Income/Expense, Net | |
YoY Change | |
Pretax Income | $3.620M |
YoY Change | -32.12% |
Income Tax | |
% Of Pretax Income | |
Net Earnings | $419.0K |
YoY Change | -99.08% |
Net Earnings / Revenue | 6.0% |
Basic Earnings Per Share | $0.06 |
Diluted Earnings Per Share | $0.06 |
COMMON SHARES | |
Basic Shares Outstanding | 7.436M shares |
Diluted Shares Outstanding | 7.433K shares |
Balance Sheet
Concept | 2023 Q1 |
---|---|
SHORT-TERM ASSETS | |
Cash & Short-Term Investments | $37.19M |
YoY Change | -61.04% |
Cash & Equivalents | $37.19M |
Short-Term Investments | |
Other Short-Term Assets | $3.018M |
YoY Change | -1.34% |
Inventory | |
Prepaid Expenses | |
Receivables | $1.383M |
Other Receivables | $0.00 |
Total Short-Term Assets | $41.59M |
YoY Change | -58.42% |
LONG-TERM ASSETS | |
Property, Plant & Equipment | $96.03M |
YoY Change | -1.67% |
Goodwill | |
YoY Change | |
Intangibles | |
YoY Change | |
Long-Term Investments | $18.73M |
YoY Change | -0.9% |
Other Assets | $233.0K |
YoY Change | 20.73% |
Total Long-Term Assets | $122.9M |
YoY Change | -3.54% |
TOTAL ASSETS | |
Total Short-Term Assets | $41.59M |
Total Long-Term Assets | $122.9M |
Total Assets | $164.5M |
YoY Change | -27.67% |
SHORT-TERM LIABILITIES | |
YoY Change | |
Accounts Payable | $1.426M |
YoY Change | -49.14% |
Accrued Expenses | |
YoY Change | |
Deferred Revenue | |
YoY Change | |
Short-Term Debt | $0.00 |
YoY Change | |
Long-Term Debt Due | |
YoY Change | |
Total Short-Term Liabilities | $3.083M |
YoY Change | -57.59% |
LONG-TERM LIABILITIES | |
Long-Term Debt | $137.8M |
YoY Change | 0.95% |
Other Long-Term Liabilities | $451.0K |
YoY Change | -73.09% |
Total Long-Term Liabilities | $138.2M |
YoY Change | 0.06% |
TOTAL LIABILITIES | |
Total Short-Term Liabilities | $3.083M |
Total Long-Term Liabilities | $138.2M |
Total Liabilities | $141.3M |
YoY Change | -2.41% |
SHAREHOLDERS EQUITY | |
Retained Earnings | -$6.330M |
YoY Change | -110.91% |
Common Stock | $74.00K |
YoY Change | 4.23% |
Preferred Stock | |
YoY Change | |
Treasury Stock (at cost) | |
YoY Change | |
Treasury Stock Shares | |
Shareholders Equity | $26.59M |
YoY Change | |
Total Liabilities & Shareholders Equity | $164.5M |
YoY Change | -27.67% |
Cashflow Statement
Concept | 2023 Q1 |
---|---|
OPERATING ACTIVITIES | |
Net Income | $419.0K |
YoY Change | -99.08% |
Depreciation, Depletion And Amortization | $722.0K |
YoY Change | -60.33% |
Cash From Operating Activities | -$862.0K |
YoY Change | -129.78% |
INVESTING ACTIVITIES | |
Capital Expenditures | -$330.0K |
YoY Change | -31.96% |
Acquisitions | |
YoY Change | |
Other Investing Activities | -$251.5M |
YoY Change | -199.47% |
Cash From Investing Activities | -$354.0K |
YoY Change | -100.14% |
FINANCING ACTIVITIES | |
Cash Dividend Paid | |
YoY Change | |
Common Stock Issuance & Retirement, Net | |
YoY Change | |
Debt Paid & Issued, Net | |
YoY Change | |
Cash From Financing Activities | -$11.77M |
YoY Change | -93.72% |
NET CHANGE | |
Cash From Operating Activities | -$862.0K |
Cash From Investing Activities | -$354.0K |
Cash From Financing Activities | -$11.77M |
Net Change In Cash | -$12.98M |
YoY Change | -119.13% |
FREE CASH FLOW | |
Cash From Operating Activities | -$862.0K |
Capital Expenditures | -$330.0K |
Free Cash Flow | -$532.0K |
YoY Change | -115.74% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q1 | dei |
Document Type
DocumentType
|
10-Q | |
CY2023Q1 | dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | |
CY2023Q1 | dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-01-31 | |
CY2023Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | |
CY2023Q1 | dei |
Document Transition Report
DocumentTransitionReport
|
false | |
CY2023Q1 | dei |
Entity File Number
EntityFileNumber
|
000-25043 | |
CY2023Q1 | dei |
Entity Registrant Name
EntityRegistrantName
|
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY | |
CY2023Q1 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | |
CY2023Q1 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
22-1697095 | |
CY2023Q1 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
505 Main Street | |
CY2023Q1 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Hackensack | |
CY2023Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
NJ | |
CY2023Q1 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
07601 | |
CY2023Q1 | dei |
City Area Code
CityAreaCode
|
(201) | |
CY2023Q1 | dei |
Local Phone Number
LocalPhoneNumber
|
488-6400 | |
CY2023Q1 | dei |
Security12b Title
Security12bTitle
|
Common stock, par value $0.01 per share | |
CY2023Q1 | dei |
Trading Symbol
TradingSymbol
|
FREVS | |
CY2023Q1 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023Q1 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023Q1 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2023Q1 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2023Q1 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | |
CY2023Q1 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2023Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
7444783 | shares |
CY2023Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
95340000 | usd |
CY2022Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
95875000 | usd |
CY2023Q1 | us-gaap |
Development In Process
DevelopmentInProcess
|
692000 | usd |
CY2022Q4 | us-gaap |
Development In Process
DevelopmentInProcess
|
688000 | usd |
CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
37187000 | usd |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
49578000 | usd |
CY2023Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
18731000 | usd |
CY2022Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
18798000 | usd |
CY2023Q1 | us-gaap |
Deposits Assets
DepositsAssets
|
1024000 | usd |
CY2022Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
1038000 | usd |
CY2023Q1 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
762000 | usd |
CY2022Q4 | us-gaap |
Deferred Rent Receivables Net
DeferredRentReceivablesNet
|
790000 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1040000 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1126000 | usd |
CY2023Q1 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
621000 | usd |
CY2022Q4 | us-gaap |
Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
|
802000 | usd |
CY2023Q1 | frevsob |
Fund Held In Postclosing Escrow
FundHeldInPostclosingEscrow
|
5962000 | usd |
CY2022Q4 | frevsob |
Fund Held In Postclosing Escrow
FundHeldInPostclosingEscrow
|
6251000 | usd |
CY2023Q1 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
3018000 | usd |
CY2022Q4 | us-gaap |
Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
|
3176000 | usd |
CY2023Q1 | frevsob |
Deferred Charges Net
DeferredChargesNet
|
233000 | usd |
CY2022Q4 | frevsob |
Deferred Charges Net
DeferredChargesNet
|
244000 | usd |
CY2023Q1 | frevsob |
Interest Rate Swap Contracts
InterestRateSwapContracts
|
959000 | usd |
CY2022Q4 | frevsob |
Interest Rate Swap Contracts
InterestRateSwapContracts
|
1409000 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
164529000 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
178649000 | usd |
CY2022Q1 | frevsob |
Tenant Reimbursement Revenue
TenantReimbursementRevenue
|
757000 | usd |
CY2023Q1 | frevsob |
Other Real Estate Revenues
OtherRealEstateRevenues
|
111000 | usd |
CY2022Q1 | frevsob |
Other Real Estate Revenues
OtherRealEstateRevenues
|
129000 | usd |
CY2023Q1 | us-gaap |
Revenues
Revenues
|
6979000 | usd |
CY2022Q1 | us-gaap |
Revenues
Revenues
|
10649000 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
222000 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Asset Interest Carryforward
DeferredTaxAssetInterestCarryforward
|
222000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
138824000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
139217000 | usd |
CY2023Q1 | us-gaap |
Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
|
1030000 | usd |
CY2022Q4 | us-gaap |
Deferred Finance Costs Noncurrent Gross
DeferredFinanceCostsNoncurrentGross
|
1145000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
137794000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
138072000 | usd |
CY2022Q4 | us-gaap |
Other Deferred Compensation Arrangements Liability Current And Noncurrent
OtherDeferredCompensationArrangementsLiabilityCurrentAndNoncurrent
|
2317000 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1426000 | usd |
CY2022Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
1306000 | usd |
CY2023Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
372000 | usd |
CY2022Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
10573000 | usd |
CY2023Q1 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
1285000 | usd |
CY2022Q4 | us-gaap |
Security Deposit Liability
SecurityDepositLiability
|
1285000 | usd |
CY2023Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
451000 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
357000 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
141328000 | usd |
CY2022Q4 | us-gaap |
Liabilities
Liabilities
|
153910000 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
5000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
5000000 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
0 | shares |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
20000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
74000 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
73000 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
31891000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
30635000 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-6330000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-6208000 | usd |
CY2023Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
959000 | usd |
CY2022Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
1409000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
26594000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
25909000 | usd |
CY2023Q1 | us-gaap |
Minority Interest
MinorityInterest
|
-3393000 | usd |
CY2022Q4 | us-gaap |
Minority Interest
MinorityInterest
|
-1170000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
23201000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
24739000 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
164529000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
178649000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
6222000 | usd |
CY2022Q1 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
9763000 | usd |
CY2023Q1 | frevsob |
Tenant Reimbursement Revenue
TenantReimbursementRevenue
|
646000 | usd |
CY2023Q1 | frevsob |
General Operating Expenses
GeneralOperatingExpenses
|
2450000 | usd |
CY2022Q1 | frevsob |
General Operating Expenses
GeneralOperatingExpenses
|
4293000 | usd |
CY2023Q1 | frevsob |
Costs For Owned Property Management
CostsForOwnedPropertyManagement
|
326000 | usd |
CY2022Q1 | frevsob |
Costs For Owned Property Management
CostsForOwnedPropertyManagement
|
497000 | usd |
CY2023Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
1438000 | usd |
CY2022Q1 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
1863000 | usd |
CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
722000 | usd |
CY2022Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1820000 | usd |
CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
4936000 | usd |
CY2022Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
8473000 | usd |
CY2023Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
189000 | usd |
CY2022Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
26000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-243000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
70003000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-67000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-124000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
1876000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
2928000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
69153000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-373000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
23376000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
419000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
45777000 | usd |
CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.06 | |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
6.51 | |
CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.06 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
6.45 | |
CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7424 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7036 | shares |
CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7433 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7099 | shares |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
69153000 | usd |
CY2023Q1 | frevsob |
Unrealized Loss Gain On Interest Rate Swap Contracts Before Reclassification
UnrealizedLossGainOnInterestRateSwapContractsBeforeReclassification
|
-334000 | usd |
CY2022Q1 | frevsob |
Unrealized Loss Gain On Interest Rate Swap Contracts Before Reclassification
UnrealizedLossGainOnInterestRateSwapContractsBeforeReclassification
|
756000 | usd |
CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
-116000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
|
506000 | usd |
CY2023Q1 | frevsob |
Net Unrealized Gainloss On Interest Rate Cap And Swap Contracts
NetUnrealizedGainlossOnInterestRateCapAndSwapContracts
|
-450000 | usd |
CY2022Q1 | frevsob |
Net Unrealized Gainloss On Interest Rate Cap And Swap Contracts
NetUnrealizedGainlossOnInterestRateCapAndSwapContracts
|
1262000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-404000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
70415000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-373000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
23376000 | usd |
CY2022Q1 | frevsob |
Unrealized Loss Gain On Interest Rate Swap Contracts Attributable To Noncontrolling Interests In Subsidiaries
UnrealizedLossGainOnInterestRateSwapContractsAttributableToNoncontrollingInterestsInSubsidiaries
|
334000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-373000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
23710000 | usd |
CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-31000 | usd |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
46705000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
24739000 | usd |
CY2023Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
5000 | usd |
CY2023Q1 | frevsob |
Vested Share Units Issued To Consultant And Retired Directors
VestedShareUnitsIssuedToConsultantAndRetiredDirectors
|
26000 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1226000 | usd |
CY2023Q1 | frevsob |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders1
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders1
|
-1850000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46000 | usd |
CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
541000 | usd |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
|
-450000 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
23201000 | usd |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
31951000 | usd |
CY2022Q1 | us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
5000 | usd |
CY2022Q1 | frevsob |
Vested Share Units Issued To Consultant And Retired Directors
VestedShareUnitsIssuedToConsultantAndRetiredDirectors
|
61000 | usd |
CY2022Q1 | frevsob |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders1
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders1
|
-19700000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
69153000 | usd |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
17 | |
CY2022Q1 | us-gaap |
Dividends Common Stock Stock
DividendsCommonStockStock
|
100 | usd |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
703000 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
|
1262000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
82029000 | usd |
CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
46000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
69153000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
-243000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
70003000 | usd |
CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
722000 | usd |
CY2022Q1 | us-gaap |
Depreciation
Depreciation
|
1820000 | usd |
CY2023Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
140000 | usd |
CY2022Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
434000 | usd |
CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5000 | usd |
CY2023Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
26000 | usd |
CY2022Q1 | us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
44000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-67000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-124000 | usd |
CY2023Q1 | frevsob |
Deferred Rents Straight Line Rent
DeferredRentsStraightLineRent
|
28000 | usd |
CY2022Q1 | frevsob |
Deferred Rents Straight Line Rent
DeferredRentsStraightLineRent
|
10000 | usd |
CY2022Q1 | frevsob |
Deferred Real Estate Tax Appeal Fees
DeferredRealEstateTaxAppealFees
|
35000 | usd |
CY2023Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
-45000 | usd |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
408000 | usd |
CY2022Q1 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
734000 | usd |
CY2023Q1 | frevsob |
Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
|
-97000 | usd |
CY2022Q1 | frevsob |
Prepaid Expenses And Other Assets
PrepaidExpensesAndOtherAssets
|
-2139000 | usd |
CY2023Q1 | frevsob |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
-2285000 | usd |
CY2022Q1 | frevsob |
Accounts Payable And Accrued Expenses
AccountsPayableAndAccruedExpenses
|
91000 | usd |
CY2023Q1 | frevsob |
Deferred Revenues
DeferredRevenues
|
94000 | usd |
CY2022Q1 | frevsob |
Deferred Revenues
DeferredRevenues
|
-584000 | usd |
CY2022Q1 | frevsob |
Deferred Interest On Mortgages
DeferredInterestOnMortgages
|
-47000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-862000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
2895000 | usd |
CY2023Q1 | frevsob |
Cash Outlays Proceeds From Sale Of Maryland Properties Net
CashOutlaysProceedsFromSaleOfMarylandPropertiesNet
|
-165000 | usd |
CY2022Q1 | frevsob |
Cash Outlays Proceeds From Sale Of Maryland Properties Net
CashOutlaysProceedsFromSaleOfMarylandPropertiesNet
|
247412000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
|
5094000 | usd |
CY2023Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
181000 | usd |
CY2022Q1 | us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
485000 | usd |
CY2023Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
8000 | usd |
CY2022Q1 | us-gaap |
Payments For Leasing Costs
PaymentsForLeasingCosts
|
60000 | usd |
CY2022Q1 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
357000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-354000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
252318000 | usd |
CY2023Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
393000 | usd |
CY2022Q1 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
171002000 | usd |
CY2022Q1 | frevsob |
Mortgage Payable
MortgagePayable
|
7500000 | usd |
CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1226000 | usd |
CY2023Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
6000 | usd |
CY2022Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
246000 | usd |
CY2022Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
3205000 | usd |
CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
10742000 | usd |
CY2022Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
686000 | usd |
CY2023Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
1850000 | usd |
CY2022Q1 | us-gaap |
Payments To Minority Shareholders
PaymentsToMinorityShareholders
|
19700000 | usd |
CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-11765000 | usd |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-187339000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-12981000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
67874000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
58500000 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
39045000 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
45519000 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
106919000 | usd |
CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1728000 | usd |
CY2022Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
2525000 | usd |
CY2023Q1 | us-gaap |
Stock Issued1
StockIssued1
|
78000 | usd |
CY2022Q1 | us-gaap |
Stock Issued1
StockIssued1
|
407000 | usd |
CY2023Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
42000 | usd |
CY2022Q1 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
58000 | usd |
CY2023Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
372000 | usd |
CY2022Q1 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
686000 | usd |
CY2022Q1 | us-gaap |
Dividends Paidinkind
DividendsPaidinkind
|
17000 | usd |
CY2023Q1 | frevsob |
Cash And Cash Equivalents
CashAndCashEquivalents
|
37187000 | usd |
CY2022Q1 | frevsob |
Cash And Cash Equivalents
CashAndCashEquivalents
|
95438000 | usd |
CY2023Q1 | frevsob |
Tenants Security Accounts
TenantsSecurityAccounts
|
1024000 | usd |
CY2022Q1 | frevsob |
Tenants Security Accounts
TenantsSecurityAccounts
|
1062000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
45777000 | usd |
CY2023Q1 | frevsob |
Funds Held In Postclosing Escrow
FundsHeldInPostclosingEscrow
|
-5962000 | usd |
CY2022Q1 | frevsob |
Funds Held In Postclosing Escrow
FundsHeldInPostclosingEscrow
|
-9337000 | usd |
CY2023Q1 | frevsob |
Mortgage Escrowsincluded In Prepaid Expenses And Other Assets
MortgageEscrowsincludedInPrepaidExpensesAndOtherAssets
|
1346000 | usd |
CY2022Q1 | frevsob |
Mortgage Escrowsincluded In Prepaid Expenses And Other Assets
MortgageEscrowsincludedInPrepaidExpensesAndOtherAssets
|
1082000 | usd |
CY2023Q1 | frevsob |
Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
|
45519000 | usd |
CY2022Q1 | frevsob |
Total Cash Cash Equivalents And Restricted Cash
TotalCashCashEquivalentsAndRestrictedCash
|
106919000 | usd |
CY2023Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
9000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
63000 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic Distributed
EarningsPerShareBasicDistributed
|
0.06 | |
CY2023Q1 | us-gaap |
Derivative Underlying
DerivativeUnderlying
|
On December 30, 2021, the property owned by Grande Rotunda was sold, a portion of the proceeds from the sale was used to pay off the $116.5 million then outstanding balance of the underlying loan and the corresponding interest rate cap on this loan matured with no settlement due at maturity. On January 10, 2022, the property owned by Damascus Centre was sold and a portion of the proceeds from the sale was used to pay off the $18.2 million then outstanding balance of the underlying loan and the corresponding swap breakage fees of approximately $213,000 related to the early termination of the interest rate swap contracts on this loan which was included as interest expense on the accompanying condensed consolidated statement of income for the three months ended January 31, 2022. (See Note 7 for further details on the sales of these properties.) On June 17, 2022, Wayne PSC terminated its interest rate swap contract on its underlying loan held with People’s United Bank, which had a maturity date of October 2026, for a settlement amount of approximately $1.4 million. | |
CY2023Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
450000 | usd |
CY2022Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
1262000 | usd |
CY2023Q1 | frevsob |
Percentage Of Management Fees Of Rent Collected
PercentageOfManagementFeesOfRentCollected
|
0.05 | pure |
CY2023Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
103000 | usd |
CY2022Q1 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
98000 | usd |
CY2022Q1 | us-gaap |
Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
|
15000000 | usd |
CY2022Q4 | frevsob |
Project Fee Amount
ProjectFeeAmount
|
3420422.88 | usd |
CY2022Q4 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
15000000 | usd |
CY2022Q4 | frevsob |
Project Fee Amount
ProjectFeeAmount
|
3420422.88 | usd |
CY2023Q1 | us-gaap |
Custody Fees
CustodyFees
|
3420422.88 | usd |
CY2023Q1 | us-gaap |
Legal Fees
LegalFees
|
196000 | usd |
CY2022Q1 | us-gaap |
Legal Fees
LegalFees
|
613000 | usd |
CY2023Q1 | us-gaap |
Significant Purchase Commitment Description
SignificantPurchaseCommitmentDescription
|
This sale resulted in net proceeds of approximately $53.9 million (inclusive of approximately $0.1 million in funds released during the first quarter of Fiscal 2023 and $1.9 million in funds released from the Maryland Purchaser Escrow Payment during Fiscal 2022), after payment of related mortgage debt in the amount of $155.8 million and the corresponding swap breakage fees of approximately $213,000 related to the early termination of the interest rate swap contracts on the Damascus Property loan, payment of loans (including interest) to each of the equity owners in Grande Rotunda in the amount of approximately $31 million and certain transactional expenses and transfer taxes including brokerage fees due to Hekemian & Co. of approximately $6.2 million. As of January 31, 2023, approximately $2,070,000 of the Maryland Purchaser Escrow Payment has been released from escrow to the Maryland Sellers. The escrow and related gain on sale were reduced by approximately $0.4 million in the first quarter of Fiscal 2023 and $1.2 million in the second quarter of Fiscal 2022 due to a change in estimate related to a change in the timing of anticipated rent commencement dates for certain tenants, which will reduce the escrowed funds available to be released to Grande Rotunda. Approximately $6 million and $6.3 million of remaining funds are held in a post-closing escrow for rents anticipated to be fully released in Fiscal 2023 and are included in “Funds held in post-closing escrow” on the accompanying condensed consolidated balance sheets as of January 31, 2023 and October 31, 2022, respectively. The sale of the Maryland Properties resulted in a net gain of approximately $68.5 million (as adjusted by $0.3 million in the first quarter of Fiscal 2023) (with a consolidated impact to FREIT of approximately $45.6 million) which includes approximately $8 million of proceeds released and anticipated to be released from funds held in escrow, a write-off of the straight-line rent receivable of approximately $2.9 million and a write-off of unamortized lease commissions of approximately $1.7 million. | |
CY2022Q3 | frevsob |
Non Recurring Cash Distribution Per Share
NonRecurringCashDistributionPerShare
|
7.5 | |
CY2023Q1 | frevsob |
Fees Charged To Operation
FeesChargedToOperation
|
326000 | usd |
CY2023Q1 | frevsob |
Insurance Commissions Paid
InsuranceCommissionsPaid
|
50000 | usd |
CY2022Q1 | frevsob |
Insurance Commissions Paid
InsuranceCommissionsPaid
|
52000 | usd |
CY2023Q1 | frevsob |
Additional Services
AdditionalServices
|
0 | usd |
CY2022Q1 | frevsob |
Additional Services
AdditionalServices
|
6294000 | usd |
CY2023Q1 | us-gaap |
Termination Loans Description
TerminationLoansDescription
|
the event of a termination by FREIT without cause and a termination fee of 1.25 times the Termination Fee if the Management Agreement terminates following a merger or acquisition of FREIT (the “M&A Termination Fee”). On March 9, 2023, the Board approved an amendment to the Management Agreement (the “Second Amendment”) which provides, among other things, that the M&A Termination Fee shall be increased from 1.25 times the Termination Fee to 2.5 times the Termination Fee. | |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
25000000 | usd |
CY2023Q1 | frevsob |
Loan Agreement Description
LoanAgreementDescription
|
Wayne PSC, LLC (“Wayne PSC”) refinanced its $22.1 million loan (inclusive of deferred interest of approximately $136,000), which would have matured on October 1, 2026, on its Preakness Shopping center located in Wayne, New Jersey with a new loan held by ConnectOne Bank in the amount of $25,000,000. This loan is interest-only based on a fixed interest rate of 5% and has a term of three years with a maturity date of August 1, 2025. Additionally, an interest reserve escrow was established at closing representing twelve months of interest of $1,250,000, which can be used to pay monthly interest on this loan with a requirement to replenish the escrow account back to $1,250,000 when the balance in the escrow account is reduced to three months of interest. This refinancing resulted in (i) annual debt service savings of approximately $340,000 due to interest-only payments; (ii) an increase in the interest rate from a fixed interest rate of 3.625% to a fixed interest rate of 5%; and (iii) net refinancing proceeds of approximately $1.1 million which can be used for capital expenditures and general corporate purposes. As part of the refinancing, Wayne PSC terminated the interest rate swap contract on the underlying loan resulting in a realized gain on the swap breakage of approximately $1.4 million (See Note 4 for additional details.) As of January 31, 2023, the interest reserve escrow account has a balance of approximately $611,000 | |
CY2023Q1 | frevsob |
Annual Debt Service Savings
AnnualDebtServiceSavings
|
1173000 | usd |
CY2023Q1 | frevsob |
Available To Draw
AvailableToDraw
|
7500000 | usd |
CY2022Q4 | us-gaap |
Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
|
13000000 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
133800000 | usd |
CY2022Q4 | us-gaap |
Debt Instrument Fair Value
DebtInstrumentFairValue
|
132200000 | usd |
CY2023Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
137800000 | usd |
CY2022Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
138100000 | usd |
CY2023Q1 | frevsob |
Real Estate Rental Revenue
RealEstateRentalRevenue
|
7007000 | usd |
CY2022Q1 | frevsob |
Real Estate Rental Revenue
RealEstateRentalRevenue
|
10659000 | usd |
CY2023Q1 | us-gaap |
Other Expense From Real Estate Partnership Operations
OtherExpenseFromRealEstatePartnershipOperations
|
3387000 | usd |
CY2022Q1 | us-gaap |
Other Expense From Real Estate Partnership Operations
OtherExpenseFromRealEstatePartnershipOperations
|
5326000 | usd |
CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
3620000 | usd |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
5333000 | usd |
CY2023Q1 | frevsob |
Recurring Capital Improvements
RecurringCapitalImprovements
|
145000 | usd |
CY2022Q1 | frevsob |
Recurring Capital Improvements
RecurringCapitalImprovements
|
48000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
3620000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
5333000 | usd |
CY2023Q1 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
28000 | usd |
CY2022Q1 | us-gaap |
Straight Line Rent Adjustments
StraightLineRentAdjustments
|
10000 | usd |
CY2023Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
189000 | usd |
CY2022Q1 | us-gaap |
Investment Income Net
InvestmentIncomeNet
|
26000 | usd |
CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
827000 | usd |
CY2022Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1327000 | usd |
CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-67000 | usd |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-124000 | usd |
CY2023Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
722000 | usd |
CY2022Q1 | us-gaap |
Depreciation Nonproduction
DepreciationNonproduction
|
1820000 | usd |
CY2023Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-243000 | usd |
CY2022Q1 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
70003000 | usd |
CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
1876000 | usd |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
2928000 | usd |
CY2023Q1 | frevsob |
Net Income1
NetIncome1
|
46000 | usd |
CY2022Q1 | frevsob |
Net Income1
NetIncome1
|
69153000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-373000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
23376000 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
419000 | usd |
CY2023 | frevsob |
Distributed Earnings Percentage
DistributedEarningsPercentage
|
0.90 | pure |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
1.438 | pure |
CY2023 | frevsob |
Percentage Of Capital Gain From Sale Of Property Distributed As Dividends
PercentageOfCapitalGainFromSaleOfPropertyDistributedAsDividends
|
1 | pure |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
5000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
5000 | usd |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
1200000 | usd |
CY2014Q3 | frevsob |
Average Period
AveragePeriod
|
P10Y | |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
1630 | shares |
CY2022Q1 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
2496 | shares |
CY2023Q1 | us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
274509 | shares |
CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
|
274509 | shares |
CY2023Q1 | us-gaap |
Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
|
usd | |
CY2023Q1 | frevsob |
Years Minimum Term Range Of Residentiall Leases
YearsMinimumTermRangeOfResidentiallLeases
|
P5Y | |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
5685000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
4886000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
4175000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
3406000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
|
2248000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
|
4125000 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
24525000 | usd |
CY2023Q1 | us-gaap |
Loans Payable
LoansPayable
|
157347 | usd |
CY2023Q1 | frevsob |
Interest Percentage
InterestPercentage
|
0.075 | pure |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7048344 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
7435753 | shares |
CY2022Q4 | frevsob |
Common Vested Share Units To Directors
CommonVestedShareUnitsToDirectors
|
272882 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q1 | frevsob |
Common Vested Share Units To Directors
CommonVestedShareUnitsToDirectors
|
0 | shares |
CY2023Q1 | frevsob |
Unrealized Loss Gain On Interest Rate Swap Contracts Attributable To Noncontrolling Interests In Subsidiaries
UnrealizedLossGainOnInterestRateSwapContractsAttributableToNoncontrollingInterestsInSubsidiaries
|
usd | |
CY2023Q1 | frevsob |
Deferred Interest On Mortgages
DeferredInterestOnMortgages
|
usd | |
CY2023Q1 | us-gaap |
Proceeds From Sale Of Other Productive Assets
ProceedsFromSaleOfOtherProductiveAssets
|
usd | |
CY2023Q1 | frevsob |
Mortgage Payable
MortgagePayable
|
usd | |
CY2022Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
usd | |
CY2023Q1 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2023Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--10-31 | |
CY2023Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000036840 |