Added to YB: 2026-09-14
Pitch date: 2026-09-10
FREVS [bullish]
First Real Estate Investment Trust of New Jersey, Inc.
Author Info
No bio for this author
Company Info
First Real Estate Investment Trust of New Jersey, Inc. is a publicly traded (over-the-counter – symbol FREVS) REIT organized in 1961.
Market Cap
$164.5M
Pitch Price
N/A
Price Target
27.00
Dividend
1.64%
EV/EBITDA
21.13
P/E
46.16
EV/Sales
8.72
Sector
Diversified REITs
Category
special_situation
This Week in Special Situations: First Real Estate Investment Trust of New Jersey, Inc.
FREVS (update): First REIT of New Jersey is one shareholder vote away from liquidating its 14-property portfolio for a management-estimated $24-$30 per share versus a $22 stock, with a roughly $27 midpoint that JLL deemed reasonable. The key risk is approval: a majority of 7.5M shares is required, abstentions and broker non-votes count against, and broker non-votes represented 25% at the August annual meeting versus 21% insider support.
Read full article (1 min)