FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2009.pdf

1、FREIT ProfileSince 1961,First Real Estate Investment Trust of New Jersey(FREIT)has been an equity real estate investment trust that takes pride in its investment portfolio.Whether apartment communities,shopping centers and commercial buildings,or mixed-use developments,every project we invest in is

2、for the long-term.This is our focus.We conduct our operations in compliance with the requirements for qualifying as a real estate investment trust pursuant to the Federal Internal Revenue Code.As a result,we receive favorable tax treatment as provided under the tax code.FREIT has recorded a profit a

3、nd has paid dividends to its shareholders during each year since its founding.Our impressive record of performance over the last four decades is a tribute to the outstanding efforts made by Hekemian&Co.,Inc.,a real estate management and brokerage company that has managed FREITs assets since its ince

4、ption.Our offices are located at Corporate 505,505 Main Street,Hackensack,New Jersey.ContentsFiscal 2009 Financial Highlights 1Message to Our Shareholders 2Historical Data 4Property Holdings 5Corporate Information 6Form 10-K 7Cover photo features The Rotunda Building in Baltimore,MD.Above photo feat

5、ures The Boulders at Rockaway in Rockaway,NJ.Bottom left photo features construction of Safeway Store at Damascus Shopping Center in Damascus,MDWWW.FREITNJ.COM1BALANCE SHEET DATAINCOME STATEMENT DATAFiscal 2009 Financial HighlightsYear Ended October 31,20092008200720062005Revenue:Revenue from real e

6、state operations$42,422$42,340$40,738$37,893$33,268Expenses:Real estate operations17,600 16,996 16,673 15,658 13,414General and administrative expenses1,652 1,542 1,543 1,212 1,001 Depreciation 5,8705,622 5,311 4,726 4,252Totals25,122 24,160 23,52721,596 18,667Operating income17,300 18,18017,21116,2