{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000060","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2023-01-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.643332+00:00","generated_at":"2026-06-20T07:27:31.414412+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"FREIT Q4 net loss of $0.6M; AFFO per share negative $0.04; full-year net income $46M on property sale gain","bullets":["Q4 GAAP EPS loss $0.08 (vs $0.02 gain) on revenue $7.0M down 42% YoY; AFFO per share loss $0.04 (vs $0.33).","Full-year GAAP EPS $6.52 includes $68.8M net gain on sale of Maryland properties; revenue $31.3M down 38%.","Special $7.50 per share dividend paid Aug 30, plus $1.50 ordinary dividend declared Sep 28; total dividends $9.20 per share.","Commercial occupancy declined to 65.9% from 68.6%; residential occupancy 97.6% nearly flat.","Westwood Hills $25M loan extended six months to April 1, 2023 on same terms."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000060","json":"https://secwatch.observer/filing/0001174947-23-000060.json","markdown":"https://secwatch.observer/filing/0001174947-23-000060.md","text":"https://secwatch.observer/filing/0001174947-23-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000060/0001174947-23-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000060/form8k-29243_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:27:31.414412+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"4ca1ec93a349f47112485297e0b52887c1424ebc","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the fiscal quarter ended October 31, 2022 results: revenue $7 million, net income approximately ($0.6) million, EPS ($0.08) per share basic and diluted.","evidence_excerpt":"Properties\") from all periods presented as the properties were sold in the twelve months ended October 31, 2022. Results for the Quarter Real estate revenue decreased 42.2% to $7 million for the fiscal quarter ended October 31, 2022 as compared to $12.2 million for the prior year’s comparable period. The decrease in revenue was primarily attributable to the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000060/0001174947-23-000060-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended October 31, 2022"},{"label":"Revenue","value":"$7 million"},{"label":"Net income","value":"approximately ($0.6) million"},{"label":"EPS","value":"($0.08) per share basic and diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"8c953d8f5e0d014cb420e2c01edc5dc0d315963d","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the twelve months ended October 31, 2022 results: revenue $31.3 million, net income approximately $46 million, EPS $6.52 per share basic and $6.45 per share diluted.","evidence_excerpt":"in the fiscal quarter ended October 31, 2022. (Refer to “Table of Revenue & Net (Loss) Income Components”) Results for the Twelve Months Real estate revenue decreased 37.8% to $31.3 million for the twelve months ended October 31, 2022 as compared to $50.3 million for the prior year’s comparable period. The decline in revenue was primarily attributable to the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000060/0001174947-23-000060-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended October 31, 2022"},{"label":"Revenue","value":"$31.3 million"},{"label":"Net income","value":"approximately $46 million"},{"label":"EPS","value":"$6.52 per share basic and $6.45 per share diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}