FREVS (First Real Estate Investment Trust of New Jersey) Operating Margin %: 26.68% (As of Apr. 2026) — Near Median

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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 Operating Margin %?

First Real Estate Investment Trust of New Jersey FREVS 65 Operating Margin % is 26.68% as of Apr. 2026, which is 6% below its 10-year median of 28.26. 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 730 REITs companies, First Real Estate Investment Trust of New Jersey ranks worse than 73.97% on this metric.

Operating Margin % is calculated as Operating Income divided by its Revenue. First Real Estate Investment Trust of New Jersey's Operating Income for the three months ended in Apr. 2026 was $2.04 Mil. First Real Estate Investment Trust of New Jersey's Revenue for the three months ended in Apr. 2026 was $7.63 Mil. Therefore, First Real Estate Investment Trust of New Jersey's Operating Margin % for the quarter that ended in Apr. 2026 was 26.68%.

Good Sign:

First Real Estate Investment Trust of New Jersey Inc operating margin is expanding. Margin expansion is usually a good sign.

The historical rank and industry rank for First Real Estate Investment Trust of New Jersey's Operating Margin % or its related term are showing as below:

FREVS' s Operating Margin % Range Over the Past 10 Years
Min: 22.36   Med: 28.26   Max: 33.58
Current: 31.39


FREVS's Operating Margin % is ranked worse than
73.97% of 730 companies
in the REITs industry
Industry Median: 52.58 vs FREVS: 31.39

First Real Estate Investment Trust of New Jersey's 5-Year Average Operating Margin % Growth Rate was 1.10% per year.

First Real Estate Investment Trust of New Jersey's Operating Income for the three months ended in Apr. 2026 was $2.04 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Apr. 2026 was $9.39 Mil.


First Real Estate Investment Trust of New Jersey  (OTCPK:FREVS) Operating Margin % Explanation

Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.


Be Aware

Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia’s Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


First Real Estate Investment Trust of New Jersey Operating Margin % Related Terms


First Real Estate Investment Trust of New Jersey Operating Margin % Historical Data

* Premium members only.

The historical data trend for First Real Estate Investment Trust of New Jersey's Operating Margin % 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 Operating Margin % Chart

First Real Estate Investment Trust of New Jersey Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Operating Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.85 22.36 26.12 26.27 31.42

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
Operating Margin % 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 31.25 31.47 35.74 31.72 26.68

FREVS vs ELME, MRTI, CLPR: Operating Margin % Comparison

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

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

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


FREVS
65GF Score
First Real Estate Investment Trust of New Jersey Inc FREVS
Operating Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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First Real Estate Investment Trust of New Jersey Operating Margin % Calculation

Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.

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

Operating Margin %=Operating Income (A: Oct. 2025 ) / Revenue (A: Oct. 2025 )
=9.21 / 29.317
=31.42 %

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

Operating Margin %=Operating Income (Q: Apr. 2026 ) / Revenue (Q: Apr. 2026 )
=2.037 / 7.634
=26.68 %

* 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 Operating Margin % →
What does a Operating Margin % of 26.68% mean?
First Real Estate Investment Trust of New Jersey (FREVS) has a Operating Margin % of 26.68% as of Apr. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. This is near median its historical median of 28.26. Over the past decade, First Real Estate Investment Trust of New Jersey's Operating Margin % has ranged from 22.36 to 33.58. According to the industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #540 out of 730 companies in the REITs industry, placing it in the top 74%.
Is First Real Estate Investment Trust of New Jersey's Operating Margin % too high?
First Real Estate Investment Trust of New Jersey's current Operating Margin % of 26.68% is near median its 10-year median of 28.26. Over the past 10 years, this metric has ranged from a low of 22.36 to a high of 33.58. The REITs industry median Operating Margin % is 52.58. First Real Estate Investment Trust of New Jersey's value of 26.68% is 49.3% below this industry median. Based on the distribution chart, First Real Estate Investment Trust of New Jersey ranks #540 out of 730 companies in the REITs industry, which is below the industry midpoint. 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 Operating Margin % compare to ELME and MRTI?
According to the REITs industry distribution chart, First Real Estate Investment Trust of New Jersey ranks #540 out of 730 companies for Operating Margin %. This places First Real Estate Investment Trust of New Jersey in the lower half of its industry. The industry median Operating Margin % is 52.58. First Real Estate Investment Trust of New Jersey's value of 26.68% is 49.3% below this benchmark. Historically, First Real Estate Investment Trust of New Jersey's own Operating Margin % has ranged from 22.36 to 33.58 over the past decade. While the company's 10-year median is 28.26 vs. the industry median of 52.58, 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 Operating Margin % for a REITs company?
The median Operating Margin % among REITs companies is 52.58, based on 730 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % 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 Operating Margin % of 26.68% is 49.3% 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 Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on First Real Estate Investment Trust of New Jersey and its competitors. For the REITs industry, the median Operating Margin % is 52.58 — 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 Operating Margin % is 26.68%, which is near median its own 10-year median of 28.26. 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 Operating Margin % is 26.68%, which is near median its 10-year median of 28.26 and 49.3% below the REITs industry median of 52.58. 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 Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For First Real Estate Investment Trust of New Jersey (FREVS), the current Operating Margin % is 26.68% 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:

  • Operating Margin %: 26.68% (near median its 10-year median of 28.26)
  • GF Value™: $17.10 vs. price of $21.35 (24.9% above fair value)
  • GF Score™: 65/100 with 9 warning signs
  • Industry Position: 49.3% below the REITs median (#540 of 730)

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

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

$21.35
Price
$17.10
GF Value