Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q2 FY25
First Real Estate Investment Trust of New Jersey (FREVS) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 10, 2025
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.3M for the second quarter fiscal 2025 (Q2 FY25), -0.2% from a year earlier and -0.2% from the quarter before. Operating margin was 52.6%, net earnings $894K (12.3% of revenue).
First Real Estate Investment Trust of New Jersey, Q2 FY25: revenue $7.3M (-0.2% year over year), operating margin 52.6%, net earnings $894K, operating cash flow $743K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | -0.2% | -0.2% |
| Operating profit | $3.8M | +7% | +1% |
| Net earnings | $894K | +46% | +68% |
| Operating cash flow | $743K | -51% | +30% |
| Free cash flow | $659K | -46% | +57% |
What changed
Revenue was $7.3M in Q2 FY25, roughly flat year over year and roughly flat from the previous quarter.
Operating profit was $3.8M, a 52.6% margin (up 0.9 points year over year). Total costs fell 2% while revenue was flat. Net earnings were $894K, up 68% year over year ($781K including minority interests, which bore $113K of losses). The effective tax rate was 79.6%.
Operating cash flow was $743K (up 30% year over year), 95% of net income including minority interests. Non-cash charges added back $734K of depreciation. Working capital and other items used $772K. Capital expenditures of $84K left free cash flow of $659K.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the second quarter fiscal 2025?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.3M for the second quarter fiscal 2025 (Q2 FY25), -0.2% from a year earlier and -0.2% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the second quarter fiscal 2025?
Operating profit was $3.8M (52.6% of revenue) and net earnings $894K.
Source: First Real Estate Investment Trust of New Jersey 10-Q on SEC EDGAR.