FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2012.pdf

1、first real estate investment trust of new jersey2012 Annual RSince 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

2、-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 result,we receive favorable tax treatment as provided

3、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 Hekemian&Co.,Inc.,a real estate management and brokerage compa

4、ny that has managed FREITs assets since its inception.Our offices are located at Corporate 505,505 Main Street,Hackensack,New Jersey.FREIT ProfileFiscal 2012 Financial Highlights.2Message To Our Shareholders.3Historical Data.5Property Holdings.6Corporate Information.7Form 10-K.8CFiscal 2012 Financia

5、l Highlights25,2656,713Total AssetsMortgage LoansCommon EquityWeighted average shares outstanding:BasicINCOME STATEMENT DATA:Year Ended October 31,Revenue:Revenue from real estate operations Income relating to early lease terminationTotal RevenueExpenses:Real estate operations General and administra

6、tive expenses Deferred project cost write-off Depreciation TotalsOperating incomeInvestment incomeInterest expense including amortization of deferred financing costs*Income from continuing operationsDiscontinued operations:Income from discontinued operations Gain on sale of discontinued operations,n