---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-24-000134"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2024-01-29T23:59:59+00:00"
generated_at: "2026-06-06T16:11:38.894254+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FREIT Q4 fiscal 2023: EPS $0.09, revenue $7.15M, AFFO per share $0.17

## Summary
- Q4 GAAP EPS $0.09 vs ($0.08) loss; net income $656K vs ($554K) loss a year ago.
- Q4 AFFO per share $0.17 vs ($0.04); full year AFFO $0.57 vs $0.40.
- Revenue Q4 $7.15M (+1.5% YoY); residential occupancy 95.9% (down from 97.6%), commercial 61.3% (down from 65.9%).
- Refinanced Westwood Hills loan at fixed 6.05% for 3 years; paid off $7.5M Rockaway loan in Jan 2024.
- Q4 dividend $0.05 per share paid Dec 15, 2023 to holders of record Dec 1.

## SEC filing metadata
- accession: 0001174947-24-000134
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2024-01-29T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000117494724000134/0001174947-24-000134-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000117494724000134/form8k-31348_frevs.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-24-000134
- JSON: https://secwatch.observer/filing/0001174947-24-000134.json
- Plain text: https://secwatch.observer/filing/0001174947-24-000134.txt

## Key facts
- Earnings Releases
  FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported fiscal quarter and twelve months ended October 31, 2023 results: revenue $7,153,000, net income $656,000, EPS $0.09 per share basic and diluted.
  - Period: fiscal quarter and twelve months ended October 31, 2023
  - Revenue: $7,153,000
  - Net income: $656,000
  - EPS: $0.09 per share basic and diluted
  - Result: reported results
  source text: when prudent. The Board is committed to protecting and delivering value for all FREIT stockholders”. Results for the Quarter Real estate revenue increased 1.5% to approximately $7,153,000 for the fiscal quarter ended October 31, 2023 as compared to approximately $7,048,000 for the prior year’s comparable period. The change in revenue was primarily attributable to
  evidence_url: https://www.sec.gov/Archives/edgar/data/36840/000117494724000134/0001174947-24-000134-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.