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:   2026-09-11T13:10:15+00:00
Accession:  0001174947-26-000856
Event type: earnings
Sentiment:  positive
Materiality: 1.00
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FREIT Q3 EPS $2.69 on Franklin Crossing gain; liquidation plan targets $24.44-$30.03/sh
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- Q3 net income $20.2M ($2.69/share) vs $0.9M ($0.12) prior year; gain on Franklin Crossing sale $19.8M.
- AFFO/share $0.14 vs $0.23 prior year; revenue $7.5M, up 4.0% on higher residential rents.
- Voluntary liquidation plan approved; stockholder vote Sept 29, 2026; estimated proceeds $24.44-$30.03 per share.
- Sold Franklin Crossing for $27.0M; Westwood Plaza sale for $28.8M to Regency Centers expected early 2027.
- Dividend $0.10/share, payable Sept 14, 2026; new $20M credit facility with Provident Bank undrawn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000856/0001174947-26-000856-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36840/000117494726000856/form8k-36304_frevs.htm
  HTML page:      https://secwatch.observer/filing/0001174947-26-000856

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