---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-25-000331"
form_type: "8-K"
ticker: "FREVS"
cik: "0000036840"
company_name: "FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC."
filed_at: "2025-03-14T23:59:59+00:00"
generated_at: "2026-05-24T19:07:20.455723+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FREIT Q1 2025 net income $0.08/sh vs loss; AFFO $0.16; revenue up 3.9%

## Summary
- Net income $614K ($0.08/sh) vs loss of ($512K) ($0.07) in prior year; AFFO rose to $0.16 from $0.04.
- Total real estate revenue $7,269K, +3.9% YoY; residential occupancy 96.8% (up from 95.3%).
- G&A expenses fell $963K due to lower advisory and legal costs; commercial NOI declined to $567K from $654K.
- Dividend declared $0.08/sh vs $0.05 last year, paid March 14, 2025.
- Loans extended: $13.9M Provident Bank to Dec 2027 at 6.05%; $15.7M Valley National extended 90 days to May 2025.

## SEC filing metadata
- accession: 0001174947-25-000331
- form_type: 8-K
- ticker: FREVS
- cik: 0000036840
- company_name: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- filed_at: 2025-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/36840/000117494725000331/0001174947-25-000331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/36840/000117494725000331/form8k-33718_frevs.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-25-000331
- JSON: https://secwatch.observer/filing/0001174947-25-000331.json
- Plain text: https://secwatch.observer/filing/0001174947-25-000331.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.