Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q4 FY24
First Real Estate Investment Trust of New Jersey (FREVS) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 29, 2025
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.3M for the fourth quarter fiscal 2024 (Q4 FY24), +1% from a year earlier and +2% from the quarter before. Operating margin was 53.9%, net earnings $1.0M (14.3% of revenue).
First Real Estate Investment Trust of New Jersey, Q4 FY24: revenue $7.3M (+2% year over year), operating margin 53.9%, net earnings $1.0M, operating cash flow $181K. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.3M | +2% | +1% |
| Operating profit | $3.9M | +1% | +5% |
| Net earnings | $1.0M | -93% | +59% |
| Operating cash flow | $181K | -99% | -77% |
What changed
Revenue was $7.3M in Q4 FY24, up 1% year over year and up 2% from the previous quarter.
Operating profit was $3.9M, a 53.9% margin (up 1.9 points year over year). Of the extra revenue versus a year earlier, 187% reached operating profit, above the 52% margin then. Total costs fell 3% while revenue rose 1%. Net earnings were $1.0M, up 59% year over year ($865K including minority interests, which bore $175K of losses). The effective tax rate was 77.9%.
Operating cash flow was $181K (down 77% year over year), 21% of net income including minority interests. Non-cash charges added back $732K of depreciation. Working capital and other items used $1.4M. Capital expenditures of $545K exceeded it, leaving free cash flow of −$364K.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the fourth quarter fiscal 2024?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.3M for the fourth quarter fiscal 2024 (Q4 FY24), +1% from a year earlier and +2% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the fourth quarter fiscal 2024?
Operating profit was $3.9M (53.9% of revenue) and net earnings $1.0M.
Source: First Real Estate Investment Trust of New Jersey 10-K on SEC EDGAR.