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.
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.
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company. The details of how we calculate the intrinsic value of stocks are described in detail here.
First Real Estate Investment Trust of New Jersey (OTCPK:FREVS) Intrinsic Value: Projected FCF Explanation
The growth multiple is capped between 8.35 and 17.74.
Total Stockholders Equity weighting is more art than science and it should always be revisited in more detail when researching a company. Weightings from 0% to 100% to more than 100% are possible. 80% was chosen as a happy median after taking the above ideas into consideration.
First Real Estate Investment Trust of New Jersey's Price-to-Intrinsic-Value-Projected-FCF for today is calculated as
Price-to-Intrinsic-Value-Projected-FCF
=
Share Price
/
Intrinsic Value: Projected FCF
=
21.35
/
13.568435987572
=
1.57
* 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 Intrinsic Value: Projected FCF Related Terms
First Real Estate Investment Trust of New Jersey Intrinsic Value: Projected FCF Historical Data
* 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 Intrinsic Value: Projected FCF Chart
First Real Estate Investment Trust of New Jersey Annual Data
FREVS vs ELME, MRTI, CLPR: Intrinsic Value: Projected FCF Comparison
For the REIT - Residential subindustry, First Real Estate Investment Trust of New Jersey's Price-to-Projected-FCF, along with its competitors' market caps and Price-to-Projected-FCF 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 Price-to-Projected-FCF vs REITs Industry
First Real Estate Investment Trust of New Jersey Intrinsic Value: Projected FCF Calculation
Since the intrinsic value calculations based on Discounted Cash Flow Intrinsic Value: DCF (FCF Based), or Discounted Earnings Intrinsic Value: DCF (Earnings Based) cannot be applied to companies without consistent revenue and earnings, GuruFocus developed a valuation model based on normalized Free Cash Flow and Book Value of the company.
The details of how we calculate the intrinsic value of stocks are described in detail here.
This method smooths out the free cash flow over the past 6-7 years, multiplies the results by a growth multiple, and adds a portion of Total Stockholders Equity.
* 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.
What does a Intrinsic Value: Projected FCF of $13.57 mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a Intrinsic Value: Projected FCF of $13.57 as of Aug. 19, 2026. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. This is 748% above median its historical median of 1.60. Over the past decade, First Real Estate Investment Trust of New Jersey's Intrinsic Value: Projected FCF has ranged from 1.03 to 2.90. According to the industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #552 out of 612 companies in the REITs industry, placing it in the top 90.2%.
Is First Real Estate Investment Trust of New Jersey's Intrinsic Value: Projected FCF too high?
First Real Estate Investment Trust of New Jersey's current Intrinsic Value: Projected FCF of $13.57 is 748% above median its 10-year median of 1.60. Over the past 10 years, this metric has ranged from a low of 1.03 to a high of 2.90. The REITs industry median Intrinsic Value: Projected FCF is 0.66. First Real Estate Investment Trust of New Jersey's value of $13.57 is 1956.1% above this industry median. Based on the distribution chart, First Real Estate Investment Trust of New Jersey ranks #552 out of 612 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 Intrinsic Value: Projected FCF compare to ELME and MRTI?
According to the REITs industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #552 out of 612 companies for Intrinsic Value: Projected FCF. This places First Real Estate Investment Trust of New Jersey in the lower half of its industry. The industry median Intrinsic Value: Projected FCF is 0.66. First Real Estate Investment Trust of New Jersey's value of $13.57 is 1956.1% above this benchmark. Historically, First Real Estate Investment Trust of New Jersey's own Intrinsic Value: Projected FCF has ranged from 1.03 to 2.90 over the past decade. While the company's 10-year median is 1.60 vs. the industry median of 0.66, First Real Estate Investment Trust of New Jersey has consistently been above 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 Intrinsic Value: Projected FCF for a REITs company?
The median Intrinsic Value: Projected FCF among REITs companies is 0.66, based on 612 companies in the industry. Companies in the top quartile (top 25%) have a Intrinsic Value: Projected FCF significantly above this median, while those in the bottom quartile fall well below. However, Intrinsic Value: Projected FCF 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 Intrinsic Value: Projected FCF of $13.57 is 1956.1% above 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 Intrinsic Value: Projected FCF mean?
A high Intrinsic Value: Projected FCF can signal that a stock is expensive relative to its fundamentals. Intrinsic Value: Projected FCF is the stock value based on a projected free cash flow model. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. For the REITs industry, the median Intrinsic Value: Projected FCF is 0.66 — 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 Intrinsic Value: Projected FCF is $13.57, which is 748% above median its own 10-year median of 1.60. 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 Intrinsic Value: Projected FCF is $13.57, which is 748% above median its 10-year median of 1.60 and 1956.1% above the REITs industry median of 0.66. 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 Intrinsic Value: Projected FCF calculated?
Intrinsic Value: Projected FCF is calculated from a company's financial statements. For First Real Estate Investment Trust of New Jersey (FREVS), the current Intrinsic Value: Projected FCF is $13.57 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:
Intrinsic Value: Projected FCF: $13.57 (748% above median its 10-year median of 1.60)
GF Value™: $17.10 vs. price of $21.35 (24.9% above fair value)
Industry Position: 1956.1% above the REITs median (#552 of 612)
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 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
Intrinsic Value: Projected FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FREVS has been successfully added to your 
