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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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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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 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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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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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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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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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 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 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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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.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.60 · Most common event dividend