{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-24-001061","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2024-09-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.523913+00:00","generated_at":"2026-05-31T05:04:47.045654+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 Q3 GAAP EPS $1.98 on $14.1M litigation settlement; AFFO $0.18; dividend cut to $0.05","bullets":["GAAP net income $14.8M ($1.98/share) vs net loss $412K (-$0.06) year ago; includes ~$14.1M litigation settlement.","Total real estate revenue $7.15M, down 2% YoY; commercial segment down ~$433K as Kmart vacated Westwood Plaza.","AFFO per share $0.18 (up from $0.10); dividend declared $0.05 per share vs $0.30 in prior year Q3.","Commercial occupancy fell to 51.8% from 65.1%; residential occupancy stable at 96.8%.","Extended $8.9M mortgage with Provident Bank to May 2027 at 6.75% fixed rate."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-24-001061","json":"https://secwatch.observer/filing/0001174947-24-001061.json","markdown":"https://secwatch.observer/filing/0001174947-24-001061.md","text":"https://secwatch.observer/filing/0001174947-24-001061.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494724001061/0001174947-24-001061-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494724001061/form8k-32828_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T05:04:47.045654+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}