First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey

First Real Estate Investment Trust of New Jersey

Overview
Date Founded

1961

Headquarters

505 Main Street, Hackensack, NJ, 07601, USA

Type of Company

Public

Employees (Worldwide)

43

Industries

Trusts & Funds
Real Estate Investment Trusts

Company Description

First Real Estate Investment Trust of New Jersey is an equity real estate investment trust. It acquires, develops, constructs and holds real estate properties for long-term investment and not for resale. It operates through the following segments: Commercial Properties and Residential Properties segments. The Commercial Properties segment contains multi-tenanted retail or office centers, a single tenanted store, as well as owns land in Rockaway and Rochelle Park, NJ. The Residential Properties segment operates multi-family apartment communities. The company was founded on November 1, 1961 and is headquartered in Hackensack, NJ.

Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer & Treasurer

Executive Secretary, Trustee

Chairman of the Board, Trustee

Board of Trustees

Chairman of the Board, Trustee at First Real Estate Investment Trust of New Jersey

Chairman, Corporate & Securities Department at Giordano, Halleran & Ciesla, P.C.

Chief Executive Officer at McBride Enterprises, Inc.

Former Managing Director at Goldman Sachs & Co. LLC

Managing Partner at V3 Capital Management LP

Director-Commercial Sales & Leasing at Hekemian & Co., Inc.

Chairman & Chief Executive Officer at Hekemian & Co., Inc.

Chief Executive Officer at First Real Estate Investment Trust of New Jersey

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Advisors & Consultants
Consultant

Chairman & Chief Executive Officer at Hekemian & Co., Inc.

Clients

The TJX Companies, Inc., the leading off-price apparel and home fashions retailer in the U.S. and worldwide, is ranked 85 among Fortune 500 companies. They operate T.J. Maxx and Marshalls (combined, Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (combined, TJX Canada) in Canada; and T.K. Maxx in the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland and tkmaxx.com in the U.K. (combined, TJX International).

The North Country alliance is a private-public consortium of economic development organizations, private businesses, utilities, public and private colleges, the media and financial institutions working to grow the economy of New York’s seven-county North Country region. Its role is to offer a single point of access to the resources you need to expand or locate your business in northern New York.

Albertsons Cos., Inc. engages in the operation of food and drug retail stores. It offers grocery products, general merchandise, health and beauty care products, pharmacy, fuel, and other items and services. The company was founded by Joe Albertson on July 21, 1939 and is headquartered in Boise, ID.

Key Stats and Financials As of 2019
Market Capitalization
$171M
Total Enterprise Value
$433M
Earnings Per Share
$0.26
Revenue
$60M
Net Profit
$1.79M
EBITDA
$31.4M
EBITDAMargin
52.43%
Total Debt
$350M
Total Equity
$16M
Enterprise Value Sales
7.22x
Enterprise Value EBITDAOperating
13.77x
TEVNet Income
242.33x
Debt TEV
0.81x
Three Year Compounded Annual Growth Rate Of Revenue
9.53%
Five Year Compounded Annual Growth Rate Of Revenue
6.86%
Suppliers
Hekemian & Co., Inc. Other Insurance Services | Hackensack, NJ

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