FREVS (First Real Estate Investment Trust of New Jersey) Equity-to-Asset: 0.23 (As of Apr. 2026) — 109% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

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
View Full Analysis

What is First Real Estate Investment Trust of New Jersey Equity-to-Asset?

First Real Estate Investment Trust of New Jersey FREVS 65 Equity-to-Asset is 0.23 as of Apr. 2026, which is 109% above its 10-year median of 0.11. 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. Among 926 REITs companies, First Real Estate Investment Trust of New Jersey ranks worse than 91.79% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. First Real Estate Investment Trust of New Jersey's Total Stockholders Equity for the quarter that ended in Apr. 2026 was $34.24 Mil. First Real Estate Investment Trust of New Jersey's Total Assets for the quarter that ended in Apr. 2026 was $148.65 Mil. Therefore, First Real Estate Investment Trust of New Jersey's Equity to Asset Ratio for the quarter that ended in Apr. 2026 was 0.23.

The historical rank and industry rank for First Real Estate Investment Trust of New Jersey's Equity-to-Asset or its related term are showing as below:

FREVS' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.01   Med: 0.11   Max: 0.37
Current: 0.23

During the past 13 years, the highest Equity to Asset Ratio of First Real Estate Investment Trust of New Jersey was 0.37. The lowest was 0.01. And the median was 0.11.

FREVS's Equity-to-Asset is ranked worse than
91.79% of 926 companies
in the REITs industry
Industry Median: 0.58 vs FREVS: 0.23

First Real Estate Investment Trust of New Jersey  (OTCPK:FREVS) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


First Real Estate Investment Trust of New Jersey Equity-to-Asset Related Terms


First Real Estate Investment Trust of New Jersey Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for First Real Estate Investment Trust of New Jersey's Equity-to-Asset 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 Equity-to-Asset Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.11 0.15 0.15 0.21 0.23

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
Equity-to-Asset 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 0.22 0.23 0.23 0.23 0.23

FREVS vs ELME, MRTI, CLPR: Equity-to-Asset Comparison

For the REIT - Residential subindustry, First Real Estate Investment Trust of New Jersey's Equity-to-Asset, along with its competitors' market caps and Equity-to-Asset 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 Equity-to-Asset vs REITs Industry

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

* The bar in red indicates where First Real Estate Investment Trust of New Jersey's Equity-to-Asset falls into.


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

First Real Estate Investment Trust of New Jersey Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

First Real Estate Investment Trust of New Jersey's Equity to Asset Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Equity to Asset (A: Oct. 2025 )=Total Stockholders Equity/Total Assets
=34.039/149.874
=0.23

First Real Estate Investment Trust of New Jersey's Equity to Asset Ratio for the quarter that ended in Apr. 2026 is calculated as

Equity to Asset (Q: Apr. 2026 )=Total Stockholders Equity/Total Assets
=34.24/148.648
=0.23

* 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 Equity-to-Asset →
What does a Equity-to-Asset of 0.23 mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a Equity-to-Asset of 0.23 as of Apr. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. This is 109% above median its historical median of 0.11. Over the past decade, First Real Estate Investment Trust of New Jersey's Equity-to-Asset has ranged from 0.01 to 0.37. According to the industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #850 out of 926 companies in the REITs industry, placing it in the top 91.8%.
Is First Real Estate Investment Trust of New Jersey's Equity-to-Asset too high?
First Real Estate Investment Trust of New Jersey's current Equity-to-Asset of 0.23 is 109% above median its 10-year median of 0.11. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.37. The REITs industry median Equity-to-Asset is 0.58. First Real Estate Investment Trust of New Jersey's value of 0.23 is 60.3% below this industry median. Based on the distribution chart, First Real Estate Investment Trust of New Jersey ranks #850 out of 926 companies in the REITs industry, which is in the bottom quartile relative to peers. 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 Equity-to-Asset compare to ELME and MRTI?
According to the REITs industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #850 out of 926 companies for Equity-to-Asset. This places First Real Estate Investment Trust of New Jersey in the lower half of its industry. The industry median Equity-to-Asset is 0.58. First Real Estate Investment Trust of New Jersey's value of 0.23 is 60.3% below this benchmark. Historically, First Real Estate Investment Trust of New Jersey's own Equity-to-Asset has ranged from 0.01 to 0.37 over the past decade. While the company's 10-year median is 0.11 vs. the industry median of 0.58, First Real Estate Investment Trust of New Jersey has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Equity-to-Asset for a REITs company?
The median Equity-to-Asset among REITs companies is 0.58, based on 926 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Real Estate Investment Trust of New Jersey's current Equity-to-Asset of 0.23 is 60.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. For the REITs industry, the median Equity-to-Asset is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Real Estate Investment Trust of New Jersey's current Equity-to-Asset is 0.23, which is 109% above median its own 10-year median of 0.11. 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 Equity-to-Asset is 0.23, which is 109% above median its 10-year median of 0.11 and 60.3% below the REITs industry median of 0.58. 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 Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For First Real Estate Investment Trust of New Jersey (FREVS), the current Equity-to-Asset is 0.23 as of Apr. 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:

  • Equity-to-Asset: 0.23 (109% above median its 10-year median of 0.11)
  • GF Value™: $17.10 vs. price of $21.35 (24.9% above fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 60.3% below the REITs median (#850 of 926)

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

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

$21.35
Price
$17.10
GF Value