FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2014.pdf

1、2014First Real Estate Investment Trust of New Jersey Annual ReportREACHING NEW HEIGHTSContentsFiscal 2014 Financial Highlights.1Message To Our Shareholders.2Historical Data.3Property Holdings.4Form 10-K.5Corporate Information.inside back coverFirst Real Estate Investment Trust of New Jersey(“FREIT”)

2、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.These holdings are in primary markets with high barriers to entry in the Northeast and mid-Atlantic regions.Since its inception in 196

3、1,operations have been managed by Hekemian&Co.,with support from the seasoned and capable Board of Trustees,who provide invaluable oversight.This highly competent and effective team is core to FREITs success.FINANCIAL SUMMARYREACHING NEW HEIGHTS5Corporate Information.inside back coverFirst Real Esta

4、te 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.These holdings are in primary markets with high barriers to entry in the Northeast and mid-A

5、tlantic regions.Since its inception in 1961,operations have been managed by Hekemian&Co.,with support from the seasoned and capable Board of Trustees,who provide invaluable oversight.This highly competent and effective team is core to FREITs success.BALANCE SHEET DATA:As At October 31,20142013201220

6、112010Total Assets305,317$244,251$242,300$243,220$245,128$Mortgage Loans251,552$199,423$200,420$203,275$204,604$Common Equity15,727$14,869$17,564$13,850$16,802$Weighted average shares outstanding:Basic and diluted6,908 6,942 6,942 6,942 6,942 INCOME STATEMENT DATA:Year Ended October 31,2014201320122