{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-23-000858","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2023-06-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.827920+00:00","generated_at":"2026-06-14T01:38:57.833334+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FREIT Q2 fiscal 2023 EPS $0.01, dividend cut to $0.05, AFFO $0.13 vs $0.15","bullets":["GAAP net income $97k ($0.01 diluted EPS) vs net loss $352k ($0.05) in prior Q2; revenue $6.9M (+4.6% YoY).","Dividend declared $0.05 per share, paid June 15, 2023, down from $0.10 in prior year Q2.","AFFO per share $0.13 (Q2) vs $0.15 prior year; six-month AFFO $0.30 vs $0.29.","Residential occupancy 97.5% (down from 98.5%), commercial occupancy 64.8% (down from 66.6%).","Westwood Hills loan extended to Oct 2023; expected refinancing $25.5M at 6.05% by Aug 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-23-000858","json":"https://secwatch.observer/filing/0001174947-23-000858.json","markdown":"https://secwatch.observer/filing/0001174947-23-000858.md","text":"https://secwatch.observer/filing/0001174947-23-000858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000858/0001174947-23-000858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000858/form8k-30323_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T01:38:57.833334+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":"b4c4c44103143f983cbde25b6952db2b254295de","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the fiscal quarter ended April 30, 2023 results: revenue approximately $6,916,000, net income approximately $97,000, EPS $0.01 per share basic and diluted.","evidence_excerpt":"from all periods presented as the properties were sold in the six months ended April 30, 2022. Results for the Quarter Real estate revenue increased 4.6% to approximately $6,916,000 for the fiscal quarter ended April 30, 2023 as compared to approximately $6,615,000 for the prior year’s comparable period. The increase in revenue was primarily attributable to","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494723000858/0001174947-23-000858-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended April 30, 2023"},{"label":"Revenue","value":"approximately $6,916,000"},{"label":"Net income","value":"approximately $97,000"},{"label":"EPS","value":"$0.01 per share basic and diluted"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"c3786a6c1e382875c6e2908062ab6c384e024817","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the six months ended April 30, 2023 results: revenue approximately $13,895,000, net income approximately $516,000, EPS $0.07 per share basic and diluted.","evidence_excerpt":"of approximately $89,000. (Refer to “Table of Revenue & Net Income (Loss) Components”) 1 Results for the Six Months Real estate revenue decreased 19.5% to approximately $13,895,000 for the six months ended April 30, 2023 as compared to approximately $17,264,000 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/36840/000117494723000858/0001174947-23-000858-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended April 30, 2023"},{"label":"Revenue","value":"approximately $13,895,000"},{"label":"Net income","value":"approximately $516,000"},{"label":"EPS","value":"$0.07 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"}