First Real Estate Investment Trust of New Jersey announced earnings results for the fourth quarter and full year ended October 31, 2014. For the quarter, the company reported total real estate revenues of $1,392,000 compared with $11,092,000 for the same period a year ago. Adjusted income from operations was $1,015,000 compared with $1,042,000 for the same period a year ago. Net income attributable to common equity was $644,000 or $0.09 per basic and diluted share compared with $3,197,000 or $0.46 per basic and diluted share for the same period a year ago. Funds from operations (FFO) was $2,350,000 or $0.34 per basic and diluted share compared with $2,861,000 or $0.41 per basic and diluted share for the same period a year ago. AFFO was $2,425,000 or $0.35 per basic and diluted share compared with $2,627,000 or $0.38 per basic and diluted share for the same period a year ago.

For the full year, the company reported total real estate revenues of $42,729,000 compared with $41,337,000 for the same period a year ago. Adjusted income from operations was $3,935,000 compared with $3,107,000 for the same period a year ago. Net income attributable to common equity was $11,657,000 or $1.69 per basic and diluted share compared with $7,449,000 or $0.07 per basic and diluted share for the same period a year ago. FFO was $9,192,000 or $1.33 per basic and diluted share compared with $10,474,000 or $1.51 per basic and diluted share for the same period a year ago. AFFO was $9,696,000 or $1.40 per basic and diluted share compared with $9,021,000 or $1.30 per basic and diluted share for the same period a year ago.