FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2011.pdf

1、2011 Annual ReportFIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEYFREIT2011Report_Current.indd 12/23/2012 4:58:27 PMSince 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 communi

2、ties,shopping centers and commercial buildings,or mixed-use developments,every project we invest in is 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

3、 result,we receive favorable tax treatment as provided under the tax code.FREIT has recorded a profit and 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 Hekemia

4、n&Co.,Inc.,a real estate management and brokerage company that has managed FREITs assets since its inception.Our offices are located at Corporate 505,505 Main Street,Hackensack,New Jersey.Fiscal 2011 Financial Highlights 1Message To Our Shareholders 2Historical Data 4Property Holdings 5Corporate Inf

5、ormation 6Form 10-K 8FREIT ProfileCONTENTSFREIT2011Report_Current.indd 22/23/2012 4:58:28 PM1WWW.FREITNJ.COMFiscal 2011 Financial Highlights25,7906,713Total AssetsMortgage LoansCommon EquityWeighted average shares outstanding:Basic DilutedINCOME STATEMENT DATA:As At October 31,Revenue:Revenue from r

6、eal estate operationsExpenses:Real estate operations General and administrative expenses Depreciation Totals Operating incomeInvestment incomeInterest expense including amortization of deferred fnancing costs*Income from continuing operationsDiscontinued operations:Income from discontinued operation