SmarterDividends
FREVS

First Real Estate Investment Trust of New Jersey, Inc.

FREVS

Real Estate · REIT - Residential · Stock · quarterly payer

$18.54

Overvalued · -63% Add to Portfolio

Forward Yield

2.16%

Annual Dividend

$0.40

Payout Ratio

13%

5-Yr Growth

—

Ex-Date

Oct 14, 2026

Frequency

Quarterly

Key facts about FREVS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, First Real Estate Investment Trust of New Jersey, Inc. (FREVS) has a forward dividend yield of 2.16%, based on an annual dividend of $0.40 per share and a share price of $18.54.
  • As of Oct 18, 2026, FREVS's dividend safety grade from SmarterDividends is C (59 out of 100), which rates the dividend as borderline.
  • FREVS last cut its regular dividend in 2023.
  • FREVS's most recent ex-dividend date was Oct 14, 2026, for a dividend of $3.20 per share.
  • As of Oct 18, 2026, FREVS pays out 13% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Oct 18, 2026, FREVS's 2.16% yield is 80% below its five-year average yield of 10.95%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for FREVS is $6.87 per share, 63% below the $18.54 share price, so FREVS screens as overvalued.
  • First Real Estate Investment Trust of New Jersey, Inc. (FREVS) pays its dividend quarterly, 4 times a year.
  • First Real Estate Investment Trust of New Jersey, Inc. (FREVS) has raised its regular dividend 10 times and cut it 2 times across the 97 payments on record since 1994. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Aug 29, 2025. The last cut went ex-dividend on Feb 28, 2023.
Cite this page

SmarterDividends, "FREVS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/FREVS

Summary

As of Oct 18, 2026, First Real Estate Investment Trust of New Jersey, Inc. (FREVS) yields 2.16% ($0.40 a year per share) and has a dividend safety grade of C (59/100).

Is FREVS a good dividend stock?

Yes, with caveats

First Real Estate Investment Trust of New Jersey, Inc. (FREVS) pays a quarterly dividend yielding 2.16% ($0.40/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (13%)

Risks

  • Cut its dividend in 2023
  • Share price is down over the past 5 years

Key Data

Dividend Yield
2.16%
Payout Ratio
13%
Annual Dividend
$0.40
5-Yr Avg Growth
—
Ex-Dividend Date
Oct 14, 2026
Years of Growth
1
Frequency
quarterly
Beta
0.71
Market Cap
$138.7M
P/E Ratio
6.1
5-Yr Total Return
-23%
52-Week Range
$11.01 – $23.00
Dividend Safety
C · 59/100
Ever Cut?
Yes (2023)

FREVS dividend raises and cuts

First Real Estate Investment Trust of New Jersey, Inc. (FREVS) has raised its regular dividend 10 times and cut it 2 times across the 97 payments on record since 1994. Its most recent change was a 25.0% increase to $0.100 per share, going ex-dividend on Aug 29, 2025. The last cut went ex-dividend on Feb 28, 2023.

Ex-dateChangeOld → newMove
Aug 29, 2025Raise$0.0800 → $0.100+25.0%
Feb 28, 2025Raise$0.0500 → $0.0800+60.0%
Feb 28, 2023Cut$0.100 → $0.0500−50.0%
Nov 30, 2021Raise$0.0500 → $0.100+100.0%
Feb 26, 2021Cut$0.200 → $0.0500−75.0%
Nov 27, 2019Raise$0.125 → $0.200+60.0%
May 30, 2019Raise$0.0500 → $0.125+150.0%
Feb 27, 2007Raise$0.250 → $0.300+20.0%
Feb 25, 2005Raise$0.200 → $0.250+25.0%
Feb 26, 2004Raise$0.175 → $0.200+14.3%
Feb 27, 2003Raise$0.150 → $0.175+16.7%
Feb 28, 1995Raise$0.0800 → $0.0875+9.4%
Every FREVS payment →Download every raise and cut (CSV)
FREVS ex-dividend date & scheduleNext ex-date Oct 14, 2026 · full ex-dividend historyView →FREVS dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FREVS a good dividend stock?

Yes, with caveats. First Real Estate Investment Trust of New Jersey, Inc. (FREVS) pays a quarterly dividend yielding 2.16% ($0.40/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is FREVS undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FREVS's fair value is about $6.87 versus a $18.54 share price — so it looks overvalued (-63% vs. fair value).

Is FREVS's dividend safe?

FREVS has a dividend-safety grade of C (59/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2023, debt and yield-versus-history.

What is FREVS's fair value?

Our blended fair-value estimate for FREVS is about $6.87 per share, about 63% below the current $18.54 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FREVS a buy, hold, or sell?

We don't issue formal ratings, but on the data FREVS screens as "yes, with caveats" and overvalued. First Real Estate Investment Trust of New Jersey, Inc. (FREVS) pays a quarterly dividend yielding 2.16% ($0.40/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will FREVS cut its dividend?

FREVS earns a dividend-safety grade of C (59/100), and has cut its dividend before (last in 2023). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FREVS pay a dividend?

Yes. First Real Estate Investment Trust of New Jersey, Inc. pays a quarterly dividend of about $0.40 per share annually, a forward yield of roughly 2.16%.

What is FREVS's dividend yield?

As of Oct 18, 2026, FREVS's forward dividend yield is 2.16%, based on a $0.40 annual dividend and a $18.54 share price.

What is FREVS's dividend per share?

As of Oct 18, 2026, FREVS pays $0.40 per share per year, distributed on a quarterly basis.

What is FREVS's dividend payout ratio?

As of Oct 18, 2026, FREVS's payout ratio is 13% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has FREVS grown its dividend?

As of Oct 18, 2026, FREVS has increased its dividend for 1 consecutive years.

When is the next FREVS ex-dividend date?

As of Oct 18, 2026, FREVS's next ex-dividend date hasn't been announced. The most recent was Oct 14, 2026, for $3.20 per share.

Income Calculator

At $0.40 / yr per share

Per payment (quarterly)$10.00
Annual$40.00
Monthly avg$3.33

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