FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2010.pdf

1、FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY2010 ANNUAL REPORTFiscal 2010Financial HighlightsINCOME STATEMENT DATAAs At October 31,Revenue:Revenue from real estate operations$44,053$42,422$42,340$40,738$37,893 Expenses:Real estate operations18,60717,600 16,996 16,673 15,658 General and administr

2、ative expenses1,5671,652 1,542 1,543 1,212 Depreciation 6,0535,8705,622 5,311 4,726Totals26,22725,122 24,160 23,52721,596Operating income17,82617,300 18,18017,21116,297Investment income122221 554 634 232Interest expense including amortization of deferred financing costs*(13,817)(10,848)(11,557)(11,8

3、97)(11,127)Income from continuing operations4,1316,673 7,177 5,948 5,402 Discontinued operations:Income from discontinued operations,net of noncontrolling interests of subsidiaries*3,771163Net income4,1316,673 7,177 9,719 5,565Net loss(income)attributable to noncontrolling interests of subsidiaries2

4、80(1,121)(1,138)(776)(407)Net income attributable to common equity$4,411$5,552$6,039$8,943$5,158*In 2010,includes$2.1 million prepayment penalty on early debt extinguishment.*Includes gain on disposal of$3,680 in fiscal year 2007.Basic earnings per share:Continuing operations$0.64$0.80$0.88$0.76$0.7

5、6Discontinued operations$0.56$0.02Net income$0.64$0.80$0.88$1.32$0.78Diluted earnings per share:Continuing operations$0.74$0.73Discontinued operations$0.55$0.03 Net income$1.29$0.76Cash Dividends Declared Per Common Share$1.20$1.20$1.20$1.30$1.25(in thousands of dollars,except per share amounts)BALA

6、NCE SHEET DATAAs At October 31,20102009200820072006Total Assets$245,128$251,851$241,756$242,755$234,786 Mortgage Loans$204,604$202,260$192,352$189,389$180,679 Shareholders Equity$16,802$20,722$23,561$25,130$24,972 Weighted Average Shares Outstanding:Basic6,9426,944 6,835 6,7536,574 Diluted 6,916 6,8