earnings
confidence high
sentiment neutral
materiality 0.75
FREIT Q4 GAAP EPS $0.15, AFFO $0.05; full-year $2.13 EPS on $15.7M settlement; special dividend $0.58
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- GAAP EPS $0.15 for Q4 (vs $0.09); twelve-month $2.13 (vs $0.10) from $15.7M litigation settlement.
- AFFO per share $0.05 (Q4) vs $0.17 prior year; twelve-month $0.47 vs $0.57.
- Total dividend $0.70/share paid Dec 13: $0.12 regular + $0.58 special; FY dividends $0.85.
- Commercial occupancy 51.0% (down from 61.3%) due to Kmart vacating; residential 95.9% flat.
- Mortgage on Middletown NY property extended to Dec 2027 at 6.05% fixed rate.