Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q3 FY25
First Real Estate Investment Trust of New Jersey (FREVS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Sep 12, 2025
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.2M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -0.2% from the quarter before. Operating margin was 50.6%, net earnings $879K (12.1% of revenue).
First Real Estate Investment Trust of New Jersey, Q3 FY25: revenue $7.2M (+1% year over year), operating margin 50.6%, net earnings $879K, operating cash flow $1.7M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.2M | -0.2% | +1% |
| Operating profit | $3.7M | -4% | -5% |
| Net earnings | $879K | -2% | -94% |
| Operating cash flow | $1.7M | +124% | -91% |
| Free cash flow | $1.5M | +126% | -92% |
What changed
Revenue was $7.2M in Q3 FY25, up 1% year over year and roughly flat from the previous quarter.
Operating profit was $3.7M, a 50.6% margin (down 3.3 points year over year). Operating profit fell $188K even though revenue rose $97K versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $879K, down 94% year over year ($739K including minority interests, which bore $140K of losses). The effective tax rate was 79.9%.
Operating cash flow was $1.7M (down 91% year over year), 225% of net income including minority interests. Non-cash charges added back $738K of depreciation. Working capital and other items added $189K. Capital expenditures of $174K left free cash flow of $1.5M.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the third quarter fiscal 2025?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.2M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -0.2% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the third quarter fiscal 2025?
Operating profit was $3.7M (50.6% of revenue) and net earnings $879K.
Source: First Real Estate Investment Trust of New Jersey 10-Q on SEC EDGAR.