Recent 8-K filings for FREVS
Highest-materiality recent filing
FREIT board approves voluntary liquidation; estimates distribution of $24.44-$30.03 per share
- Board unanimously approved Plan of Voluntary Liquidation; requires stockholder approval at special meeting expected in Fall 2026.
- Estimated net proceeds to stockholders range $24.44-$30.03 per share, vs. recent close of $15.25 on May 13, 2026.
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FREIT adopts plan of voluntary liquidation; estimates distributions $24.44-$30.03/share
GAAP EPS $0.08 for Q2 (down from $0.12 YoY); AFFO per share $0.16 (down from $0.23).
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FREVS agrees to sell Westwood Plaza to Regency Centers affiliate for $28.8M
Purchase price of $28.8M; initial deposit $1.2M, additional $1M after 120-day due diligence.
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FREIT board approves voluntary liquidation; estimates distribution of $24.44-$30.03 per share
Board unanimously approved Plan of Voluntary Liquidation; requires stockholder approval at special meeting expected in Fall 2026.
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First Real Estate Investment Trust extends shareholder rights plan to July 2029
Stockholder Rights Agreement term extended from July 31, 2026 to July 31, 2029 via First Amendment dated May 12, 2026.
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FREIT declares Q2 dividend of $0.10 per share, payable June 12, 2026
Second-quarter dividend of $0.10 per common share declared on April 9, 2026.
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Purchase price of $27M for 100% ownership interest in Franklin Crossing shopping center in Franklin Lakes, NJ.
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FREIT Q1 2026 EPS $0.13 vs $0.08; AFFO $0.20; dividend raised to $0.10
GAAP EPS $0.13, up $0.05 YoY; AFFO per share $0.20 vs $0.16.
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FREIT Q4 EPS flat $0.15; AFFO triples to $0.27; dividend cut to $0.10/share
GAAP EPS $0.15 in Q4 (flat YoY); twelve-month EPS $0.47 vs $2.13 due to prior-year $15.7M litigation settlement.
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First Real Estate Investment Trust declares Q1 2026 dividend of $0.10 per share
Declares $0.10 per share common stock dividend for Q1 2026.
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First Real Estate Investment Trust declares Q4 dividend of $0.10 per share
Dividend of $0.10 per share declared for Q4, payable Dec 15, 2025 to holders of record Dec 1, 2025.
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FREIT Q3 AFFO $0.23/share, revenue +1.4%, commercial occupancy slides
GAAP EPS $0.12 vs $1.98 a year ago; prior year included $14.1M litigation settlement.
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Stockholders elected Ronald J. Artinian and Justin F. Meng as directors for three-year terms.
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FREIT declares $0.10 Q3 dividend, payable Sept 12, 2025
Dividend of $0.10 per share declared on July 17, 2025 for Q3.
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FREIT Q2 EPS $0.12 vs $0.07 YoY; AFFO $0.23; dividend $0.08
Net income $894K ($0.12 EPS) vs $533K ($0.07 EPS) YoY; revenue $7.26M down 0.2% due to commercial decline.
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FREIT declares $0.08/share Q2 dividend, record May 30, payable June 13
Dividend of $0.08 per share on common stock declared by Board of Directors on April 3, 2025.
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FREIT Q1 2025 net income $0.08/sh vs loss; AFFO $0.16; revenue up 3.9%
Net income $614K ($0.08/sh) vs loss of ($512K) ($0.07) in prior year; AFFO rose to $0.16 from $0.04.
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FREIT extends $16.5M loan on Westwood Plaza by 90 days to May 1, 2025
Extended $16.5 million loan with Provident Bank secured by Westwood Plaza Shopping Center.
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GAAP EPS $0.15 for Q4 (vs $0.09); twelve-month $2.13 (vs $0.10) from $15.7M litigation settlement.
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First Real Estate Investment Trust declares $0.08 quarterly dividend for Q1 2025
Dividend of $0.08 per share declared, payable March 14, 2025 to holders of record February 28, 2025.
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FREIT declares $0.70/share total dividend, including $0.58 special, for Q4 fiscal 2024
Quarterly dividend of $0.12 per share declared based on full fiscal year operating results.
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FREIT Q3 GAAP EPS $1.98 on $14.1M litigation settlement; AFFO $0.18; dividend cut to $0.05
GAAP net income $14.8M ($1.98/share) vs net loss $412K (-$0.06) year ago; includes ~$14.1M litigation settlement.
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First Real Estate Investment Trust declares $0.05 Q3 dividend
Declared Q3 2024 dividend of $0.05 per share on common stock.
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FREIT settles litigation with Kushner Companies for $16.9M, receives $15M deposit
Total settlement of $16.9M: $15.0M deposit released plus $1.9M payment due by July 26, 2024.
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FREVS shareholders elect three directors and ratify EisnerAmper as auditor
Re-elected John A. Aiello as director: 4,295,291 for, 380,563 withheld.
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FREIT Q2 net income rises to $533K; AFFO $0.21; commercial occupancy drops to 50.7%
GAAP EPS $0.07 for Q2 ended April 30, 2024, up from $0.01 YoY; net income $533K vs $97K.
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NJ Appellate Division orders Sinatra to pay FREIT $15M liquidated damages
Court affirmed Sinatra breached Purchase Agreement; reversed prior ruling voiding liquidated damages.
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FREIT declares Q2 dividend of $0.05 per share
Q2 dividend of $0.05 per share on common stock declared.
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FREIT Q1 GAAP loss per share $0.07 vs prior income $0.06; AFFO down to $0.04 from $0.17
Net loss of ~$512K ($0.07 diluted) vs net income of $419K ($0.06) a year ago.
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FREIT Q4 fiscal 2023: EPS $0.09, revenue $7.15M, AFFO per share $0.17
Q4 GAAP EPS $0.09 vs ($0.08) loss; net income $656K vs ($554K) loss a year ago.
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FREIT declares Q1 2024 dividend of $0.05 per share
Dividend of $0.05 per share declared for Q1 2024, payable March 15, 2024.
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FREIT declares $0.05/share Q4 dividend payable Dec 15, 2023
Dividend of $0.05 per common share declared for Q4 2023.
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Kushner moves to dismiss FREIT's complaint seeking to pierce corporate veil for $3.42M judgment
FREIT filed complaint on July 19, 2023, to collect $3.42M judgment against Sinatra Properties LLC, an affiliate of Kushner.
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FREIT Q3 net loss $0.06/sh; AFFO falls to $0.10 from $0.15; revenue up 4.8%
Net loss of $412K ($0.06 diluted loss per share) vs net income of $1.12M ($0.16 diluted EPS) a year ago.
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FREIT adopts stockholder rights plan with 10% trigger in response to Kushner interest
Board adopted a rights plan (poison pill) with 10% beneficial ownership threshold; rights expire July 31, 2026.
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FREIT declares $0.30/share total dividend including $0.25 special from rent escrow
Third-quarter ordinary dividend of $0.05 per share declared.
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FREIT receives unsolicited nonbinding acquisition interest from Kushner's K Corp
Board received letter from K Corp Acquisitions LLC on June 27, 2023 expressing nonbinding interest in acquiring FREIT.
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FREIT Q2 fiscal 2023 EPS $0.01, dividend cut to $0.05, AFFO $0.13 vs $0.15
GAAP net income $97k ($0.01 diluted EPS) vs net loss $352k ($0.05) in prior Q2; revenue $6.9M (+4.6% YoY).
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Annual meeting results: directors elected, say-on-pay approved, auditors ratified
Re-elected Robert S. Hekemian Jr. and David F. McBride as directors for three-year terms.
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FREIT declares $0.05 per share quarterly dividend
Dividend of $0.05 per share on common stock declared by Board of Directors.
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FREIT Q1 EPS $0.06 vs $6.45; revenue down 34.5%; dividend halved to $0.05
GAAP diluted EPS $0.06 vs $6.45 YoY; net income $419K vs $45.8M.
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FREIT amends management agreement; M&A termination fee raised to 2.5x from 1.25x
Board approved Second Amendment to Management Agreement with Hekemian & Co. on March 9, 2023.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event dividend