FREVS (First Real Estate Investment Trust of New Jersey) Enterprise Value: $234.99 Mil (As of Aug. 19, 2026) ***

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FREVS First Real Estate Investment Trust of New Jersey Inc FREVS
65 GF Score
Price $21.35
GF Value $17.10
Valuation Modestly Overvalued
! 9 Warning Signs
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What is First Real Estate Investment Trust of New Jersey Enterprise Value?

First Real Estate Investment Trust of New Jersey FREVS 65 Enterprise Value is $234.99 Mil as of Aug. 19, 2026. GuruFocus rates FREVS with a GF Score™ of 65/100 and a GF Value™ of $17.10 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Real Estate Investment Trust of New Jersey's Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 was $9.79 Mil. Therefore, First Real Estate Investment Trust of New Jersey's EV-to-EBIT ratio for today is 24.01.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Real Estate Investment Trust of New Jersey's Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 was $13.36 Mil. Therefore, First Real Estate Investment Trust of New Jersey's EV-to-EBITDA ratio for today is 17.59.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Real Estate Investment Trust of New Jersey's Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's Revenue for the trailing twelve months (TTM) ended in Apr. 2026 was $29.93 Mil. Therefore, First Real Estate Investment Trust of New Jersey's EV-to-Revenue ratio for today is 7.85.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, First Real Estate Investment Trust of New Jersey's Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 was $6.60 Mil. Therefore, First Real Estate Investment Trust of New Jersey's EV-to-OCF ratio for today is 35.58.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Real Estate Investment Trust of New Jersey's Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 was $5.98 Mil. Therefore, First Real Estate Investment Trust of New Jersey's EV-to-FCF ratio for today is 39.30.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


First Real Estate Investment Trust of New Jersey  (OTCPK:FREVS) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Real Estate Investment Trust of New Jersey's EV-to-EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=234.991/9.788
=24.01

First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil.
First Real Estate Investment Trust of New Jersey's EBIT for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.79 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Real Estate Investment Trust of New Jersey's EV-to-EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=234.991/13.359
=17.59

First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil.
First Real Estate Investment Trust of New Jersey's EBITDA for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.36 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Real Estate Investment Trust of New Jersey's EV-to-Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=234.991/29.928
=7.85

First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil.
First Real Estate Investment Trust of New Jersey's Revenue for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $29.93 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

First Real Estate Investment Trust of New Jersey's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=234.991/6.604
=35.58

First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil.
First Real Estate Investment Trust of New Jersey's Cash Flow from Operations for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.60 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

First Real Estate Investment Trust of New Jersey's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=234.991/5.979
=39.30

First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil.
First Real Estate Investment Trust of New Jersey's Free Cash Flow for the trailing twelve months (TTM) ended in Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.98 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Real Estate Investment Trust of New Jersey Enterprise Value Related Terms


First Real Estate Investment Trust of New Jersey Enterprise Value Historical Data

* Premium members only.

The historical data trend for First Real Estate Investment Trust of New Jersey's Enterprise Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Real Estate Investment Trust of New Jersey Enterprise Value Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Enterprise Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 393.13 206.44 211.92 207.32 176.83

First Real Estate Investment Trust of New Jersey Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 206.60 188.08 176.83 178.93 183.73

FREVS vs ELME, MRTI, CLPR: Enterprise Value Comparison

For the REIT - Residential subindustry, First Real Estate Investment Trust of New Jersey's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Real Estate Investment Trust of New Jersey Enterprise Value vs REITs Industry

For the REITs industry and Real Estate sector, First Real Estate Investment Trust of New Jersey's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Real Estate Investment Trust of New Jersey's Enterprise Value falls into.


FREVS
65GF Score
First Real Estate Investment Trust of New Jersey Inc FREVS
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Real Estate Investment Trust of New Jersey Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Real Estate Investment Trust of New Jersey's Enterprise Value for the fiscal year that ended in Oct. 2025 is calculated as

First Real Estate Investment Trust of New Jersey's Enterprise Value for the quarter that ended in Apr. 2026 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of $234.99 Mil mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a Enterprise Value of $234.99 Mil as of Aug. 19, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Real Estate Investment Trust of New Jersey and its competitors.
Is First Real Estate Investment Trust of New Jersey's Enterprise Value too high?
First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil. Overall, First Real Estate Investment Trust of New Jersey has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does First Real Estate Investment Trust of New Jersey's Enterprise Value compare to ELME and MRTI?
First Real Estate Investment Trust of New Jersey's Enterprise Value of $234.99 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for a REITs company?
A good Enterprise Value depends on the REITs industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. First Real Estate Investment Trust of New Jersey's current Enterprise Value is $234.99 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Real Estate Investment Trust of New Jersey stock overvalued right now?
Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey (FREVS) is currently considered Modestly Overvalued. The stock's GF Value™ is $17.10, compared to a current price of $21.35 — trading 24.9% above its estimated fair value. The current Enterprise Value is $234.99 Mil. First Real Estate Investment Trust of New Jersey's overall GF Score™ is 65/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For First Real Estate Investment Trust of New Jersey (FREVS), the current Enterprise Value is $234.99 Mil as of Aug. 19, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Real Estate Investment Trust of New Jersey (FREVS) Overvalued in 2026?

Based on GuruFocus' analysis, First Real Estate Investment Trust of New Jersey stock appears to be overvalued. The current stock price of $21.35 is trading 24.9% above its estimated GF Value™ of $17.10. GuruFocus considers First Real Estate Investment Trust of New Jersey to be Modestly Overvalued.

Key valuation signals for FREVS:

  • Enterprise Value: $234.99 Mil
  • GF Value™: $17.10 vs. price of $21.35 (24.9% above fair value)
  • GF Score™: 65/100 with 9 warning signs

No single metric tells the full story. See the FREVS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Real Estate Investment Trust of New Jersey Business Description

Industry Real EstateREITs
Address 505 Main Street, Suite 400, Hackensack, NJ, USA, 07601
First Real Estate Investment Trust of New Jersey Inc operates in the real estate sector of the United States. It implies the investment in real estate properties and passing on a regular income and benefit of capital appreciation to its shareholders. The company operates in two reportable segments; commercial properties and residential properties. Its revenues consist of fixed rental income from its residential and commercial properties and additional rent in the form of expense reimbursements acquired from its income-producing commercial properties. The majority of revenue is derived from the Residential properties segment.
65GF Score

Get the complete analysis for FREVS

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$21.35
Price
$17.10
GF Value