{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000363","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.643926+00:00","generated_at":"2026-06-18T01:14:55.373075+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FREIT Q1 EPS $0.06 vs $6.45; revenue down 34.5%; dividend halved to $0.05","bullets":["GAAP diluted EPS $0.06 vs $6.45 YoY; net income $419K vs $45.8M.","Real estate revenue $6.98M, down 34.5% due to sale of Maryland Properties.","AFFO per share $0.17 vs $0.14; dividend declared $0.05, half of prior $0.10.","Same-property residential NOI $2.61M (+1%), commercial NOI $1.05M (+17%).","Extended Westwood Plaza loan to Feb 2024 at 7.5% fixed; Westwood Hills loan extended to Oct 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000363","json":"https://secwatch.observer/filing/0001174947-23-000363.json","markdown":"https://secwatch.observer/filing/0001174947-23-000363.md","text":"https://secwatch.observer/filing/0001174947-23-000363.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000363/0001174947-23-000363-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000363/form8k-29605_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T01:14:55.373075+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":"b44bb7225791ba089e05d565c573a9df7a504376","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the fiscal quarter ended January 31, 2023 results: revenue approximately $6,979,000, net income approximately $419,000, EPS $0.06 per share basic and diluted.","evidence_excerpt":"from all periods presented as the properties were sold in the fiscal quarter ended January 31, 2022. Results for the Quarter Real estate revenue decreased 34.5% to approximately $6,979,000 for the fiscal quarter ended January 31, 2023 as compared to approximately $10,649,000 for the prior year’s comparable period. The decrease in revenue was primarily attributable","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000363/0001174947-23-000363-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended January 31, 2023"},{"label":"Revenue","value":"approximately $6,979,000"},{"label":"Net income","value":"approximately $419,000"},{"label":"EPS","value":"$0.06 per share basic and 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"}