Filing Flows › First Real Estate Investment Trust of New Jersey (FREVS) › Q4 FY25
First Real Estate Investment Trust of New Jersey (FREVS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Jan 29, 2026
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.5M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +4% from the quarter before. Operating margin was 54.5%, net earnings $1.1M (14.9% of revenue).
First Real Estate Investment Trust of New Jersey, Q4 FY25: revenue $7.5M (+4% year over year), operating margin 54.5%, net earnings $1.1M, operating cash flow $2.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5M | +4% | +4% |
| Operating profit | $4.1M | +12% | +5% |
| Net earnings | $1.1M | +28% | +8% |
| Operating cash flow | $2.3M | +39% | 13× |
| Free cash flow | $2.1M | +42% | — |
What changed
Revenue was $7.5M in Q4 FY25, up 4% year over year and up 4% from the previous quarter.
Operating profit was $4.1M, a 54.5% margin (up 0.7 points year over year). Of the extra revenue versus Q4 FY24, 71% reached operating profit, above the 54% margin then. Total costs grew 2% against revenue growth of 4%. Net earnings were $1.1M, up 8% year over year. The effective tax rate was 72.7%.
Operating cash flow was $2.3M (up 1182% year over year), 206% of net earnings. Non-cash charges added back $770K of depreciation. Working capital and other items added $425K. Capital expenditures of $202K left free cash flow of $2.1M.
Questions
What was First Real Estate Investment Trust of New Jersey's revenue in the fourth quarter fiscal 2025?
First Real Estate Investment Trust of New Jersey (FREVS) reported revenue of $7.5M for the fourth quarter fiscal 2025 (Q4 FY25), +4% from a year earlier and +4% from the quarter before.
Was First Real Estate Investment Trust of New Jersey profitable in the fourth quarter fiscal 2025?
Operating profit was $4.1M (54.5% of revenue) and net earnings $1.1M.
Source: First Real Estate Investment Trust of New Jersey 10-K on SEC EDGAR.