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:   2025-01-29T23:59:59+00:00
Accession:  0001174947-25-000072
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FREIT Q4 GAAP EPS $0.15, AFFO $0.05; full-year $2.13 EPS on $15.7M settlement; special dividend $0.58
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000072/0001174947-25-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000072/form8k-33377_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000072

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