earnings
confidence high
sentiment neutral
materiality 0.55
FREIT Q3 AFFO $0.23/share, revenue +1.4%, commercial occupancy slides
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
2025-Q3 EPS reported
$0.32
revenue$21,771,000
- GAAP EPS $0.12 vs $1.98 a year ago; prior year included $14.1M litigation settlement.
- AFFO per share $0.23, up from $0.18; revenue $7.24M, up 1.4%.
- Commercial occupancy fell to 47.6% from 51.8%; residential stable at 96.9%.
- Paid down $5.7M on Valley National Bank loan; extended to May 2026 at 8.5% interest.
- Q3 dividend $0.10/share declared, payable Sept 12, 2025.
item 2.02item 9.01