Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q1 FY26
First Real Estate Investment Trust of New Jersey (FREVS) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Mar 17, 2026
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.5M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -0.6% from the quarter before. Operating margin was 50.9%, net earnings $943K (12.6% of revenue).
First Real Estate Investment Trust of New Jersey, Q1 FY26: revenue $7.5M (+3% year over year), operating margin 50.9%, net earnings $943K, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | -0.6% | +3% |
| Operating profit | $3.8M | -7% | +7% |
| Net earnings | $943K | -16% | +54% |
| Operating cash flow | $1.3M | -42% | -11% |
| Free cash flow | $1.3M | -40% | +4% |
What changed
Revenue was $7.5M in Q1 FY26, up 3% year over year and down 1% from the previous quarter.
Operating profit was $3.8M, a 50.9% margin (up 2.0 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 49% margin then. Total costs fell 1% while revenue rose 3%. Net earnings were $943K, up 54% year over year ($802K including minority interests, which bore $141K of losses). The effective tax rate was 79.0%.
Operating cash flow was $1.3M (down 11% year over year), 168% of net income including minority interests. Non-cash charges added back $721K of depreciation. Working capital and other items used $177K. Capital expenditures of $72K left free cash flow of $1.3M.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the first quarter fiscal 2026?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.5M for the first quarter fiscal 2026 (Q1 FY26), +3% from a year earlier and -0.6% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the first quarter fiscal 2026?
Operating profit was $3.8M (50.9% of revenue) and net earnings $943K.
Source: First Real Estate Investment Trust of New Jersey 10-Q on SEC EDGAR.