Earnings summaries and quarterly performance for FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY.
Executive leadership at FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY.
Board of directors at FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY.
Research analysts covering FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY.
Recent press releases and 8-K filings for FREVS.
FREIT Announces Fourth Quarter and Fiscal Year 2025 Results
FREVS
Earnings
Dividends
Debt Issuance
- First Real Estate Investment Trust of New Jersey (FREIT) reported GAAP Earnings Per Share of $0.15 and AFFO Per Share of $0.27 for the fiscal quarter ended October 31, 2025, with total real estate revenue increasing 4% to approximately $7,546,000.
- For the fiscal year ended October 31, 2025, GAAP Earnings Per Share was $0.47, a decrease from $2.13 in the prior year, primarily due to a $15,700,000 litigation settlement received in the prior comparable period. AFFO Per Share for the year was $0.89.
- Annual total real estate revenue increased 2.2% to approximately $29,317,000, driven by a $900,000 increase from the residential segment.
- The Board of Directors declared a fourth-quarter dividend of $0.10 per share on common stock, paid on December 15, 2025.
- FREIT is actively working on a potential modification and extension for the $25,000,000 mortgage on the Preakness Shopping Center, which matured on August 1, 2025.
Jan 29, 2026, 6:28 PM
FREIT announces Q3 2025 results
FREVS
Earnings
Dividends
Debt Issuance
- 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.
- 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.
- The Board of Directors declared a third quarter dividend of $0.10 per share, payable on September 12, 2025.
- 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. 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.
Sep 12, 2025, 1:21 PM
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