FREVS
First Real Estate Investment Trust of New Jersey, Inc.14.50
+0.00+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
108.33MP/E (TTM)
31.52Basic EPS (TTM)
0.46Dividend Yield
0.03%Recent Filings
8-K
FREIT declares $0.10 dividend
First Real Estate Investment Trust of New Jersey declared a $0.10 per share quarterly dividend on October 8, 2025, payable December 15 to shareholders of record on December 1. This payout underscores steady cash flow from its real estate holdings, yet the board will reassess future dividends quarterly amid market uncertainties. No assurance exists for ongoing payments. Risks like economic conditions could sway results.
8-K
FREIT Q3 earnings dip sans settlement
First Real Estate Investment Trust of New Jersey reported Q3 fiscal 2025 results on September 12, 2025, with net income dropping to $0.12 per share from $1.98 a year ago, mainly due to the absence of a $15.7 million litigation settlement. Real estate revenue edged up 1.4% to $7.244 million, fueled by higher residential rents and steady 96.9% occupancy, yet commercial occupancy slipped to 47.6%. AFFO rose to $0.23 per share. The board hiked the dividend to $0.10 per share.
10-Q
Q3 FY2025 results
FREIT's Q3 FY2025 revenue climbed 1.4% y/y to $7.2M, fueled by residential rents up 2.6% amid 96.9% occupancy, while commercial dipped 2.8% on softer leasing at Preakness and Westwood Plaza. Net income attributable to common equity fell to $879K ($0.12/share) from $14.8M ($1.98/share) y/y, stripped of last year's $15.7M litigation windfall; adjusted net income rose 15% to $739K on lower G&A and steady NOI. Operating cash flow for the nine months hit $3.9M, supporting $14.6M cash and $13M revolver availability, though $122M debt looms with $60M due in 2026—including Preakness' $25M extension pending. The $5.7M Westwood Plaza paydown saved $705K annually in service. Residential NOI edged up 1.2% q/q, but commercial vacancies persist. Elevated interest rates challenge refinancing.
8-K
Annual meeting elects directors
First Real Estate Investment Trust of New Jersey held its annual stockholder meeting on July 17, 2025, electing Ronald J. Artinian and Justin F. Meng as directors for three-year terms amid strong support—Artinian garnered 4,235,309 votes for, Meng 4,431,805—while withholding votes remained low. Stockholders also ratified EisnerAmper LLP as independent auditors for the fiscal year ending October 31, 2025, with overwhelming approval of 6,306,900 votes for versus just 102,709 against. Continuity prevails. No other matters arose.
8-K
FREIT declares $0.10 dividend
First Real Estate Investment Trust of New Jersey declared a $0.10 per share dividend on its common stock on July 17, 2025, payable September 12 to shareholders of record August 29. This quarterly payout underscores steady income distribution amid real estate market pressures. Dividends remain under quarterly review. No future assurances given.
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