Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q2 FY26
First Real Estate Investment Trust of New Jersey (FREVS) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jun 12, 2026
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.6M for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +2% from the quarter before. Operating margin was 50.0%, net earnings $616K (8.1% of revenue).
First Real Estate Investment Trust of New Jersey, Q2 FY26: revenue $7.6M (+5% year over year), operating margin 50.0%, net earnings $616K, operating cash flow $1.3M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6M | +2% | +5% |
| Operating profit | $3.8M | -0.2% | -0.2% |
| Net earnings | $616K | -35% | -31% |
| Operating cash flow | $1.3M | -5% | +71% |
| Free cash flow | $1.1M | -14% | +66% |
What changed
Revenue was $7.6M in Q2 FY26, up 5% year over year and up 2% from the previous quarter.
Operating profit was $3.8M, a 50.0% margin (down 2.7 points year over year). Operating profit fell $7K even though revenue rose $376K versus Q2 FY25, so costs grew faster than sales. Total costs grew 11% against revenue growth of 5%. The fastest-growing cost line was General & admin (+33%). Net earnings were $616K, down 31% year over year ($434K including minority interests, which bore $182K of losses). The effective tax rate was 88.6%.
Operating cash flow was $1.3M (up 71% year over year), 293% of net income including minority interests. Non-cash charges added back $724K of depreciation. Working capital and other items added $114K. Capital expenditures of $177K left free cash flow of $1.1M.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the second quarter fiscal 2026?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.6M for the second quarter fiscal 2026 (Q2 FY26), +5% from a year earlier and +2% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the second quarter fiscal 2026?
Operating profit was $3.8M (50.0% of revenue) and net earnings $616K.
Source: First Real Estate Investment Trust of New Jersey 10-Q on SEC EDGAR.