FREIT Q2 EPS $0.12 vs $0.07 YoY; AFFO $0.23; dividend $0.08

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.

2025-Q2 EPS reported $0.20 revenue$14,527,000

Net income $894K ($0.12 EPS) vs $533K ($0.07 EPS) YoY; revenue $7.26M down 0.2% due to commercial decline.
Residential NOI up to $3.26M (commercial NOI down to $563K); residential occupancy 97.1%, commercial 48.2%.
AFFO per share $0.23 (vs $0.21 YoY); six-month AFFO $0.39 vs $0.24.
Extended $15.7M Westwood Plaza loan to May 2026; paid down $5.7M to $10M at 8.5% fixed, annual debt service savings ~$705K.
Q2 dividend $0.08/share paid June 13, 2025 to holders of record May 30.

item 2.02item 9.01

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