On this page of Benford's Law Stocks.com we present our study of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY INC. — ticker symbol FREVS. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 6/9/2020 to 3/14/2025 for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY INC. under CIK number 0000036840. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for FREVS, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY INC. based on the past FREVS filings our system processed in the past.
32.3
13.1
8.8
7.5
11.2
6.7
12.1
3.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL?   [ original filing, FREVS stockholder letter ]
Total numbers found: 480
Recent share count: NA

= Typical range across full coverage universe
Benford's Law Stocks Indicator
480
Low count compared to other filers, falling in the bottom quartile. At this number count, it would take about 5 numbers to move any given column by a full percentage point.
24

Starting from a possible score of 100, we made the following score deductions:
 • We deducted point upon observing the 2's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was below the company's typical historical range.
 • We deducted point upon observing the 3's percentage was below the typical coverage universe range.
 • We deducted points upon observing the 3's percentage was below the company's typical historical range.
 • The 5's percentage was higher than the 4's percentage, increasing the penalty multiplier.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 5's percentage was above the company's typical historical range.
 • The 7's percentage was higher than the 6's percentage, increasing the penalty multiplier.
 • This is the 2nd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the typical coverage universe range.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 7's percentage was above the company's typical historical range.
 • We deducted point upon observing the 8's percentage was below the typical coverage universe range.
 • The 9's percentage was higher than the 8's percentage, increasing the penalty multiplier.
 • This is the 3rd column with percentage higher than the prior column, resulting in a penalty deduction.
 • We deducted points (includes the impact of penalty multiplier) upon observing the 9's percentage was above the company's typical historical range.
Benford's Law Stocks Indicator
FREVS
Low score compared to other filers, falling in the bottom quartile.
BV
DBP
INZY
FGDL
WSM
IOBT
SDCH
VOR
Check our work! We provide our FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY INC. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the FREVS filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 155 numbers that start with the digit 1. Here they are:
11,900
14,914
17,391
17,512
159
156,883
162,264
128,377
128,871
127,612
128,072
1,110
1,184
1,205
131,264
136,080
156,883
162,264
112
1,448
1,492
109
1,873
1,842
113
154
191
12
1
1
13
1,203
113
154
1,049
113
13
13
13
1,336
18,476
1
1
1
180
180
154
16,722
148
181
1
109
1
122
132
1,519
11,511
10,596
13,543
17,939
12
130
1,851
180
19,223
18,356
16,347
18,114
1,751
1,687
13
13
11,900
13,679
16,347
18,114
13
100
100
17.4
17.5
109
122
106
1,492
1,442
132
172
17,391
17,512
1,237
1,358
19
14
167
109
1,000
100
172.3
15,526,731
155.8
1.7
147,000
13,400
165,000
165,000
11,000
11,000
15,000
15,000
13,880
13,920
11,220
11,281
15,836
15,995
128,377
128,871
127,612
128,072
13.9
16,864,361
157,347
1,888,166
166,727
112,556
13
13
15.7
123.8
124.7
127.6
128.1
1,934
1,981
1,367
1,327
1,808
109
1,873
1,842
113
154
100
100
16.76
1,193
1,193
16.25
1,230
1,230
1,000
1,523
1,320
16,685
We found 63 numbers that start with the digit 2. Here they are:
27,497
29,259
272
263
277
222
20,000,000
25,619
26,184
2,765
26,184
25,619
24,516
23,096
28
29
26
257
242
21
271
271
299
20
2,876
242
281
27,497
29,259
257
242
292
229
26,755
26,941
2,177
2,115
200
25
248,750,269
213,000
2.9
25
28,597
28,728
25,055
25,136
25,000
25,000
2,000,722
25,926
24,521
26,506
25
2,369
2,182
2,994
2,865
28
29
20,000
20,000
2,491
We found 42 numbers that start with the digit 3. Here they are:
32,253
32,253
33,351
33,363
3,489
368
336
339
32,253
33,363
32,253
33,351
32,074
372
372
372
32,075
39
303
372
30
372
3,545
3,204
378
383
392
314,000
31
30
368,000
336,000
35,000
3.54
3,736
3,509
3,561
3,519
3,561
3,519
3,663
3,282
4's 5's 6's
We found 36 numbers that start with the digit 4. Here they are:
406
498
464
465
494
458
400
407
42
472
494
440
440
42
42
42
465
45
463
455
494
440
42
464
452
435
47,068
47,362
44.8
4
4.35
42,264
400
407
428,060
4,406
We found 54 numbers that start with the digit 5. Here they are:
544
572
5,344
5,007
506
597
5,224
5,000,000
558
541
565
5,304
501
512
501
55
530
585
541
501
597
597
597
558
512
512
530
530
530
501
5,224
597
597,000
530
54
5
524
528
556
530
529
562
557
58.7
51.5
5
56,000
5.00
58,016
5,363
5,047
567
501
512
We found 32 numbers that start with the digit 6. Here they are:
6,592
6,454
6,999
6,042
666
614
666
6
614
614
6,040
666
6,374
666
66
6,246
65
65
65
65
60
6.4
67.4
6.75
6.05
6.05
6.75
6.05
6.75
654
666
614
7's 8's 9's
We found 58 numbers that start with the digit 7. Here they are:
7,471,344
765
799
761
722
7,462,993
75
75
7,732
7,179
7,269
723
725
79
7,463
7,450
7
7,463
75
7,179
7,463
75
7,732
7,450
74
7
7
7
7,450
74
799
79
723
725
7,409
7,944
7
72,326
72,707
74,777
75,233
74,777
75,233
70
7,084,000
79,000
7.1
7.50
765
799
7.5
7,297
7,028
77
723
725
79
7,440
We found 17 numbers that start with the digit 8. Here they are:
857
87
8,968
88
89
8,585
8,440
8,789
8,811
8.50
8.9
84,521
8.5
845
8,440
8,440
8,290
We found 23 numbers that start with the digit 9. Here they are:
91,215
91,862
957
944
902
913
9
97
9,852
9
934
902
950
9
9
93,000
9,000
9,655
96
9
90
9.21
9.21
While the above FREVS 10Q Filed 3/14/2025 is interesting in isolation, we have found that it is also useful to take a look at older FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY INC. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 3/14/2025 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical FREVS 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

32.3
13.1
8.8
7.5
11.2
6.7
12.1
3.5
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 24
XBRL?   [ original filing ]
Total numbers found: 480

= Typical FREVS range from 6/9/2020 to 3/14/2025
31.5
16.5
12.0
7.2
7.6
6.4
11.2
3.2
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 57
XBRL?   [ original filing ]
Total numbers found: 708

= Typical FREVS range from 6/9/2020 to 3/14/2025
30.8
15.2
12.2
8.0
7.5
7.5
9.5
3.9
5.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 69
XBRL?   [ original filing ]
Total numbers found: 790

= Typical FREVS range from 6/9/2020 to 3/14/2025
32.1
18.5
13.3
9.8
6.1
6.7
6.9
2.9
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 79
XBRL?   [ original filing ]
Total numbers found: 1,203

= Typical FREVS range from 6/9/2020 to 3/14/2025
26.8
16.2
13.2
10.0
8.6
7.8
9.9
2.8
4.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 538

= Typical FREVS range from 6/9/2020 to 3/14/2025
28.2
20.7
16.9
7.7
8.2
5.3
5.4
5.4
2.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 699

= Typical FREVS range from 6/9/2020 to 3/14/2025
30.6
20.2
14.5
10.3
5.9
6.2
3.5
6.7
2.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 68
XBRL?   [ original filing ]
Total numbers found: 744

= Typical FREVS range from 6/9/2020 to 3/14/2025
33.6
16.7
9.3
8.8
6.6
8.2
8.1
5.0
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL?   [ original filing ]
Total numbers found: 1,162

= Typical FREVS range from 6/9/2020 to 3/14/2025
33.5
12.5
11.7
8.7
6.8
7.6
10.6
4.2
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 71
XBRL?   [ original filing ]
Total numbers found: 471

= Typical FREVS range from 6/9/2020 to 3/14/2025
29.5
16.3
13.3
7.8
6.6
8.8
11.3
3.3
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 59
XBRL?   [ original filing ]
Total numbers found: 701

= Typical FREVS range from 6/9/2020 to 3/14/2025
28.5
16.4
14.7
7.1
7.6
7.1
8.8
4.3
5.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 62
XBRL?   [ original filing ]
Total numbers found: 859

= Typical FREVS range from 6/9/2020 to 3/14/2025
32.4
20.1
14.3
9.7
6.1
6.0
4.8
3.4
3.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 95
XBRL?   [ original filing ]
Total numbers found: 1,159

= Typical FREVS range from 6/9/2020 to 3/14/2025
25.6
21.2
19.0
10.7
7.1
4.5
4.7
4.5
2.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 85
XBRL?   [ original filing ]
Total numbers found: 468

= Typical FREVS range from 6/9/2020 to 3/14/2025
31.2
18.9
15.2
7.5
7.5
5.5
4.9
6.9
2.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL?   [ original filing ]
Total numbers found: 1,542

= Typical FREVS range from 6/9/2020 to 3/14/2025
34.9
13.5
12.6
7.9
7.0
6.7
8.7
4.7
4.1
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 86
XBRL?   [ original filing ]
Total numbers found: 786

= Typical FREVS range from 6/9/2020 to 3/14/2025
33.6
17.1
11.2
9.3
5.4
8.3
7.7
3.6
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL?   [ original filing ]
Total numbers found: 1,209

= Typical FREVS range from 6/9/2020 to 3/14/2025
31.3
14.9
9.5
11.8
7.7
8.5
10.4
2.1
3.7
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 36
XBRL?   [ original filing ]
Total numbers found: 482

= Typical FREVS range from 6/9/2020 to 3/14/2025
27.7
16.4
14.3
7.2
7.3
9.6
9.5
4.6
3.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 72
XBRL?   [ original filing ]
Total numbers found: 791

= Typical FREVS range from 6/9/2020 to 3/14/2025
28.4
19.4
18.3
8.8
5.8
4.5
5.8
5.4
3.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 87
XBRL?   [ original filing ]
Total numbers found: 797

= Typical FREVS range from 6/9/2020 to 3/14/2025
32.9
20.5
14.3
8.5
6.6
5.9
3.7
4.6
3.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 93
XBRL?   [ original filing ]
Total numbers found: 1,136

= Typical FREVS range from 6/9/2020 to 3/14/2025
 

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