FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2013.pdf

1、FIRST REAL ESTATE INVESTMENT TRUST Annual Report 2013First Real Estate Investment Trust of New Jersey(“FREIT”)is an equity real estate investment trust with a portfolio primarily focused on multi-family apartment communities,open-air shopping centers,and mixed-use properties in primary markets with

2、high barriers to entry in the Northeast and mid-Atlantic regions.Operations are conducted in compliance with the requirements for qualifying as a real estate investment trust pursuant to the Federal Internal Revenue Code.FREITs real estate and operations continue to be managed by the highly competen

3、t Hekemian&Co.team which has administered the FREITs assets since its inception in 1961,with support from the seasoned and capable Board of Trustees,who provide invaluable oversight.This very effective teamwork is core to FREITs success.ContentsFiscal 2013 Financial Highlights.1Message To Our Shareh

4、olders.2Historical Data.3Property Holdings.4Form 10-K.5Corporate Information.inside back coverAnnual Report 2013|FREIT|1BALANCE SHEET DATA:As At October 31,20132012201120102009Total Assets244,251$242,300$243,220$245,128$251,851$Mortgage Loans199,423$200,420$203,275$204,604$202,260$Common Equity14,86

5、9$17,564$13,850$16,802$20,722$Weighted average shares outstanding:Basic6,942 6,942 6,942 6,942 6,944 INCOME STATEMENT DATA:Year Ended October 31,20132012201120102009Revenue:Revenue from real estate operations41,337$42,078$42,601$42,720$41,051$Income relating to early lease termination-2,950 -Total r

6、evenue41,337 45,028 42,601 42,720 41,051 Expenses:Real estate operations18,127 17,968 17,424 17,932 16,924 General and administrative expenses1,623 1,624 1,543 1,567 1,652 Deferred project cost write-off-3,726 -Depreciation 6,233 6,171 6,054 5,981 5,798 Total expenses25,983 29,489 25,021 25,480 24,3