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FIRST REAL EST INV TR NJ - $FREVS STOCK NEWS

Welcome to our dedicated page for FIRST REAL EST INV TR NJ news (Ticker: $FREVS), a resource for investors and traders seeking the latest updates and insights on FIRST REAL EST INV TR NJ stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect FIRST REAL EST INV TR NJ's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of FIRST REAL EST INV TR NJ's position in the market.

News
FREIT Announces First Quarter 2024 Results
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First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported its operating results for the fiscal quarter ended January 31, 2024. Despite a minor increase in total real estate revenue, the company experienced a decline in net income due to higher expenses, including legal costs. The residential segment saw a modest increase in NOI, while the commercial segment experienced a decrease. FREIT used cash to repay a loan, resulting in cost savings, and is in discussions to modify/extend another loan. The company declared a dividend and emphasized Adjusted Funds From Operations (AFFO) as a superior measure of its performance.
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FREIT Announces Fourth Quarter Fiscal 2023 Results
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First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported its operating results for the fiscal quarter and twelve months ended October 31, 2023. The financial highlights include GAAP Earnings Per Share, AFFO Per Share, Dividends Per Share, and Total Average Occupancy. The company's residential properties maintained a positive cash flow, and net income increased in the fiscal quarter. However, real estate revenue decreased for the twelve months ended October 31, 2023. The company also provided updates on various refinancing activities and dividend declarations.
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FREIT Announces Third Quarter Fiscal 2023 Results
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First Real Estate Investment Trust of New Jersey, Inc. reported its operating results for the fiscal quarter and nine months ended July 31, 2023. Real estate revenue increased 4.8% for the quarter and decreased 12.5% for the nine months. Net (loss) income was ($412,000) for the quarter and $104,000 for the nine months. Dividends per share were $0.30. Total average residential occupancy was 96.8% and total average commercial occupancy was 65.1%. The recapture of the Kmart space at Westwood Plaza shopping center is expected to generate annual revenues of approximately $930,000 to $1,685,000. Westwood Hills, LLC refinanced its loan resulting in annual debt service savings of approximately $535,000. The Board declared a total dividend of $0.30 per share. AFFO per share was $0.10 for the quarter and $0.40 for the nine months.
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First Real Estate Investment Trust of New Jersey, Inc. Adopts Stockholder Rights Plan
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First Real Estate Investment Trust of New Jersey, Inc. acknowledges receipt of Kushner's unsolicited, non-binding expression of interest in acquiring the Company
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KUSHNER PROPOSES TO ACQUIRE FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY FOR $22.00 PER SHARE IN CASH
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FIRST REAL EST INV TR NJ

OTC:FREVS

FREVS Rankings

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FREVS Stock Data

121.71M
5.88M
20.92%
Other Financial Vehicles
Finance and Insurance
Link
United States of America
Hackensack

About FREVS

first real estate investment trust of new jersey is a publicly traded (over-the-counter ■symbol frevs.) reit organized in 1961. its portfolio of residential and commercial properties are located in new jersey, new york and maryland, with the largest concentration in northern new jersey.