First Real Estate Investment Trust of New Jersey Management
Management criteria checks 4/4
First Real Estate Investment Trust of New Jersey's CEO is Robert Hekemian, appointed in Apr 2018, has a tenure of 6.67 years. total yearly compensation is $587.92K, comprised of 96.1% salary and 3.9% bonuses, including company stock and options. directly owns 4.92% of the company’s shares, worth $6.36M. The average tenure of the management team and the board of directors is 6.7 years and 9 years respectively.
Key information
Robert Hekemian
Chief executive officer
US$587.9k
Total compensation
| CEO salary percentage | 96.1% |
| CEO tenure | 6.7yrs |
| CEO ownership | 4.9% |
| Management average tenure | 6.7yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jul 31 2024 | n/a | n/a | US$15m |
| Apr 30 2024 | n/a | n/a | US$265k |
| Jan 31 2024 | n/a | n/a | -US$171k |
| Oct 31 2023 | US$588k | US$565k | US$760k |
| Jul 31 2023 | n/a | n/a | -US$450k |
| Apr 30 2023 | n/a | n/a | US$1m |
| Jan 31 2023 | n/a | n/a | US$634k |
| Oct 31 2022 | US$831k | US$500k | US$46m |
| Jul 31 2022 | n/a | n/a | US$47m |
| Apr 30 2022 | n/a | n/a | US$46m |
| Jan 31 2022 | n/a | n/a | US$46m |
| Oct 31 2021 | US$469k | US$400k | US$927k |
| Jul 31 2021 | n/a | n/a | -US$3m |
| Apr 30 2021 | n/a | n/a | -US$4m |
| Jan 31 2021 | n/a | n/a | US$23m |
| Oct 31 2020 | US$408k | US$350k | US$21m |
| Jul 31 2020 | n/a | n/a | US$25m |
| Apr 30 2020 | n/a | n/a | US$26m |
| Jan 31 2020 | n/a | n/a | -US$934k |
| Oct 31 2019 | US$481k | US$400k | US$2m |
| Jul 31 2019 | n/a | n/a | US$2m |
| Apr 30 2019 | n/a | n/a | US$2m |
| Jan 31 2019 | n/a | n/a | US$2m |
| Oct 31 2018 | US$363k | US$172k | US$1m |
Compensation vs Market: Robert's total compensation ($USD587.92K) is about average for companies of similar size in the US market ($USD654.40K).
Compensation vs Earnings: Robert's compensation has been consistent with company performance over the past year.
CEO
Robert Hekemian (64 yo)
6.7yrs
Tenure
US$587,922
Compensation
Mr. Robert S. Hekemian, Jr. has been Chief Executive Officer of First Real Estate Investment Trust of New Jersey since April 05, 2018. He serves as a Trustee of First Real Estate Investment Trust of New Je...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 6.7yrs | US$587.92k | 4.92% $ 6.4m | |
| CFO & Treasurer | 5.8yrs | US$43.24k | 0.18% $ 236.6k | |
| Secretary & Trustee | 21.9yrs | US$126.71k | 0.36% $ 459.3k | |
| Investor Relations Contact | no data | no data | no data |
6.7yrs
Average Tenure
74yo
Average Age
Experienced Management: FREV.S's management team is seasoned and experienced (6.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Trustee | 17.6yrs | US$587.92k | 4.92% $ 6.4m | |
| Secretary & Trustee | 9yrs | US$126.71k | 0.36% $ 459.3k | |
| Independent Trustee | 17.6yrs | US$99.97k | 1.08% $ 1.4m | |
| Independent Chairman of the Board | 32.9yrs | US$102.86k | 7.33% $ 9.5m | |
| Independent Trustee | 8.8yrs | US$86.47k | 0.94% $ 1.2m | |
| Trustee | 6.7yrs | US$75.72k | 5.61% $ 7.3m | |
| Independent Trustee | 6.7yrs | US$89.59k | 0.71% $ 917.8k |
9.0yrs
Average Tenure
64yo
Average Age
Experienced Board: FREV.S's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 19:10 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/07/31 |
| Annual Earnings | 2023/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
First Real Estate Investment Trust of New Jersey, Inc. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
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