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:   2025-06-10T23:59:59+00:00
Accession:  0001174947-25-000921
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000921/0001174947-25-000921-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494725000921/form8k-34336_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-25-000921

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