secwatch.observer — SEC 8-K summary
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Issuer:     FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS)
CIK:        0000036840
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0001174947-24-000134
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494724000134/0001174947-24-000134-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494724000134/form8k-31348_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-24-000134

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer