{"schema_version":"secwatch.filing_event.v1","accession":"0001174947-26-000659","form_type":"8-K","ticker":"FREVS","cik":"0000036840","company_name":"FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.","filed_at":"2026-06-12T14:04:02+00:00","discovered_at":"2026-06-12T14:05:00.337301+00:00","generated_at":"2026-06-12T14:05:13.100537+00:00","sec_items":["2.02","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"FREIT adopts plan of voluntary liquidation; estimates distributions $24.44-$30.03/share","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001174947-26-000659","json":"https://secwatch.observer/filing/0001174947-26-000659.json","markdown":"https://secwatch.observer/filing/0001174947-26-000659.md","text":"https://secwatch.observer/filing/0001174947-26-000659.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/0001174947-26-000659-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/form8k-35994_frevs.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T14:05:13.100537+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0736b30381a9ccc409100142e2791541c78d1ace","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/0001174947-26-000659-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the six months ended April 30, 2026"},{"label":"Revenue","value":"approximately $15.1 million"},{"label":"Net income","value":"approximately $1.6 million"},{"label":"EPS","value":"$0.21 per share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"547e11adaf8f263caa8b685e7e78876e674fb375","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/0001174947-26-000659-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended April 30, 2026"},{"label":"Revenue","value":"approximately $7.6 million"},{"label":"Net income","value":"approximately $0.6 million"},{"label":"EPS","value":"$0.08 per share (basic and diluted)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}