- For the fiscal quarter ended July 31, 2025, First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported **GAAP Earnings Per Share** of **$0.12** and **AFFO Per Share** of **$0.23**. Total real estate revenue increased **1.4%** to approximately **$7,244,000** compared to the prior year's comparable period.  **[36840_0001174947-25-001198_ex99-1.htm:0]** **[36840_0001174947-25-001198_ex99-1.htm:2]** 
- **Net income attributable to common equity** for the quarter decreased to approximately **$879,000** from **$14,791,000** in the prior year's comparable period, primarily due to a **$15,700,000** litigation settlement received in the prior year.  **[36840_0001174947-25-001198_ex99-1.htm:0]** **[36840_0001174947-25-001198_ex99-1.htm:2]** 
- The Board of Directors declared a **third quarter dividend** of **$0.10 per share**, payable on September 12, 2025.  **[36840_0001174947-25-001198_ex99-1.htm:0]** **[36840_0001174947-25-001198_ex99-1.htm:3]** 
- FREIT extended a loan with Valley National Bank to **May 1, 2026**, with a **$5.7 million** pay down, reducing the balance to **$10 million** at a fixed **8.5%** interest rate.  **[36840_0001174947-25-001198_ex99-1.htm:2]**  Additionally, the **$25 million** mortgage on the Preakness Shopping Center, due August 1, 2025, was extended for **90 days** to November 1, 2025, while discussions for a **five-year** extension are ongoing.  **[36840_0001174947-25-001198_ex99-1.htm:3]**

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS)