{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-000356","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.596946+00:00","generated_at":"2026-06-04T18:18:49.933112+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 GAAP loss per share $0.07 vs prior income $0.06; AFFO down to $0.04 from $0.17","bullets":["Net loss of ~$512K ($0.07 diluted) vs net income of $419K ($0.06) a year ago.","Total real estate revenue $6.999M, up 0.3% YoY; residential rents up, commercial down.","Commercial occupancy fell to 50.1% from 66.4% after Kmart vacated Westwood Plaza in Oct 2023.","G&A expenses surged $981K due to financial advisory work and litigation costs with Sinatra Properties.","Repaid $7.5M Rockaway, NJ loan on Jan 11, 2024, saving ~$558K annual debt service; dividend held at $0.05."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-000356","json":"https://secwatch.observer/filing/0001174947-24-000356.json","markdown":"https://secwatch.observer/filing/0001174947-24-000356.md","text":"https://secwatch.observer/filing/0001174947-24-000356.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494724000356/0001174947-24-000356-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494724000356/form8k-31694_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T18:18:49.933112+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":"2b29f1d18be7ba1895b7b52dfda6a27adaf6db82","claim":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported fiscal quarter ended January 31, 2024 results: revenue approximately $6,999,000, net income Net Loss of approximately ($512,000), EPS ($0.07) per share basic and diluted.","evidence_excerpt":"Total Average Residential Occupancy 95.3% 96.8% Total Average Commercial Occupancy 50.1% 66.4% Results for the Quarter Total real estate revenue increased 0.3% to approximately $6,999,000 for the first quarter ended January 31, 2024 as compared to approximately $6,979,000 for the prior year’s comparable period. This minor change in revenue was primarily","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494724000356/0001174947-24-000356-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal quarter ended January 31, 2024"},{"label":"Revenue","value":"approximately $6,999,000"},{"label":"Net income","value":"Net Loss of approximately ($512,000)"},{"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"}