FREIT adopts plan of voluntary liquidation; estimates distributions $24.44-$30.03/share

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.

GAAP EPS $0.08 for Q2 (down from $0.12 YoY); AFFO per share $0.16 (down from $0.23).
Total real estate revenue $7.6M (+5.2% YoY); residential occupancy 95.7% (down from 97.1%).
Board approved liquidation plan on May 12, 2026; seeks stockholder approval fall 2026.
Estimated distribution $24.44-$30.03/share, representing premium to $15.25 stock price on May 13.
Sold Franklin Crossing for $27M (close Q3 2026); Westwood Plaza for $28.8M (close early 2027).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the six months ended April 30, 2026 results: revenue approximately $15.1 million, net income approximately $1.6 million, EPS $0.21 per share (basic and diluted).

Period: the six months ended April 30, 2026
Revenue: approximately $15.1 million
Net income: approximately $1.6 million
EPS: $0.21 per share (basic and diluted)
Result: reported results

Exact text from the filing

Total real estate revenue increased 4.2% to approximately $15.1 million for the six months ended April 30, 2026, compared to approximately $14.5 million for the prior-year period.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported the fiscal quarter ended April 30, 2026 results: revenue approximately $7.6 million, net income approximately $0.6 million, EPS $0.08 per share (basic and diluted).

Period: the fiscal quarter ended April 30, 2026
Revenue: approximately $7.6 million
Net income: approximately $0.6 million
EPS: $0.08 per share (basic and diluted)
Result: reported results

Exact text from the filing

Total real estate revenue increased 5.2% to approximately $7.6 million for the fiscal quarter ended April 30, 2026, compared to approximately $7.3 million for the prior-year period.

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. filing history →

Source: SEC EDGAR

accession 0001174947-26-000659

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.