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:   2025-03-14T23:59:59+00:00
Accession:  0001174947-25-000331
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000331/0001174947-25-000331-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000331/form8k-33718_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000331

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