Q3 FY26 Revenue up 4% year over year to $7.5M · 267¢ of every $1 of revenue kept as net profit · operating margin 51.6%
First Real Estate Investment Trust of New Jersey made $7.5M in Q3 FY26 (+4% Y/Y). Operating margin 51.6%, net earnings $20.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Sep 11, 2026.
Revenue$7.5M
Year over year+4%
Operating margin51.6%
Net earnings$20.2M
Operating cash flow$744K
Drawing the Sankey…
Open the interactive Sankey →click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $7.5M in Q3 FY26, up 4% year over year and down 1% from the previous quarter.
Operating profit was $3.9M, a 51.6% margin (up 0.9 points year over year). Of the extra revenue versus Q3 FY25, 74% reached operating profit, above the 51% margin then. Total costs grew 2% against revenue growth of 4%. The fastest-growing cost line was General & admin (+121%). Net earnings were $20.2M, up 2194% year over year ($19.9M including minority interests, which bore $215K of losses). The tax line was a benefit of $16.1M on pre-tax earnings of $3.9M.
Operating cash flow was $744K (down 55% year over year), 4% of net earnings. Non-cash charges added back $681K of depreciation. Working capital and other items used $19.9M. Capital expenditures of $202K left free cash flow of $542K.
Quarterly history
Quarter
Form
Filed
Revenue
Y/Y
Op. margin
Net earnings
Op. cash flow
Q3 FY26
10-Q
Sep 11, 2026
$7.5M
+4%
51.6%
$20.2M
$744K
Q2 FY26
10-Q
Jun 12, 2026
$7.6M
+5%
50.0%
$616K
$1.3M
Q1 FY26
10-Q
Mar 17, 2026
$7.5M
+3%
50.9%
$943K
$1.3M
Q4 FY25
10-K
Jan 29, 2026
$7.5M
+4%
54.5%
$1.1M
$2.3M
Q3 FY25
10-Q
Sep 12, 2025
$7.2M
+1%
50.6%
$879K
$1.7M
Q2 FY25
10-Q
Jun 10, 2025
$7.3M
-0.2%
52.6%
$894K
$743K
Q4 FY24
10-K
Jan 29, 2025
$7.3M
+2%
53.9%
$1.0M
$181K
Charts
Latest (Q3 FY26): Y/Y +4%, Q/Q -1%.From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.Latest (Q3 FY26): Net income $19.9M, Operating cash flow $744K.+6.8% since FY20: more shares outstanding (issuance, stock pay).Cash $17.9M, short-term investments —, long-term debt $121M at 2025-10-31.Real Estate Investment Trusts; dot size is quarterly revenue; dashed lines are the industry's medians.
Interactive views
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🔄Rotation against the market and its industry (RRG)interactive
First Real Estate Investment Trust of New Jersey against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +4% against the peers' median +11%. Operating margin: 51.6% against the peers' median 20.6%.
Company
Quarter
Revenue
Y/Y
Op. margin
FREVS First Real Estate Investment Trust of New Jersey