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 (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '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
10-Q
Q1 FY2026 results
FREIT posted Q1 FY2026 revenue of $7.5M, up 3.2% y/y from $7.3M, with NOI climbing 7.4% to $3.8M as residential rents rose across properties despite 95.5% occupancy (down 1.3% y/y). Net income hit $943K or $0.13/share (7,471 diluted shares), nearly doubling y/y while interest expense dipped slightly to $1.9M. Cash swelled to $18.5M, operating cash flow $1.3M; $120.8M mortgages net loom with $60.6M due FY2026 yet $13M revolver sits fully available. Debt matures fast. Commercial vacancies linger.
8-K
FREIT Q1 earnings beat prior year
FREIT reported Q1 fiscal 2026 results on March 17, with net income up to $0.13 per share from $0.08, driven by 3.2% higher real estate revenue at $7.5M despite residential occupancy dipping to 95.5%. AFFO rose to $0.20 per share; commercial occupancy held at 47.5%. Board hiked dividend to $0.10 per share. Preakness mortgage extended to May 1, 2026.
8-K
Q4 AFFO jumps to $0.27
FREIT reported Q4 FY2025 net income steady at $0.15 per share, with real estate revenue up 4% to $7.5M on residential rent gains despite 95.8% occupancy. AFFO per share soared to $0.27 from $0.05, fueled by lower G&A. Full-year net income plunged to $0.47 per share absent prior $15.7M litigation gain; Preakness mortgage extensions ongoing.
10-K
FY2025 results
FREIT's FY2025 revenue rose 2.2% y/y to $29.3M, driven by 4.2% residential growth amid 96.6% occupancy (up 0.5% y/y) while commercial dipped 3.2% on Preakness (44.7% occupancy) and Westwood Plaza (29.1%) weakness. Residential NOI climbed 5.3% y/y, offsetting commercial's 17% drop from higher insurance; adjusted net income hit $3.1M, up from $1.6M sans prior-year litigation gain. Debt fell to $121.3M at 5.34% weighted average, with $13M revolver fully available after Westwood paydown saving $705K annually. Q4 momentum leaned residential stability. Preakness $25M loan hangs in extension talks.
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