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:   2026-01-29T23:59:59+00:00
Accession:  0001174947-26-000104
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FREIT Q4 EPS flat $0.15; AFFO triples to $0.27; dividend cut to $0.10/share
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- GAAP EPS $0.15 in Q4 (flat YoY); twelve-month EPS $0.47 vs $2.13 due to prior-year $15.7M litigation settlement.
- AFFO per share improved to $0.27 in Q4 from $0.05; twelve-month AFFO $0.89 vs $0.47.
- Total revenue +4% to $7.55M; commercial occupancy 49.2%, residential 95.8%. $25M Preakness mortgage matured; extension talks ongoing.
- Quarterly dividend slashed to $0.10 from $0.70; annual dividend $0.36 vs $0.85.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000104/0001174947-26-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000104/form8k-35064_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000104

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