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:   2026-06-12T14:04:02+00:00
Accession:  0001174947-26-000659
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/0001174947-26-000659-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000659/form8k-35994_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000659

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