Every 10-Q that FIRST REAL EST INV TR NJ (FREVS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FREVS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FREVS filings page.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (FREVS) reported higher revenue and a large one-time gain for the nine months ended July 31, 2026, and advanced its plan to liquidate the company. Real estate revenue rose 4.2% to $22.7 million, driven mainly by higher residential rents and improved commercial recoveries.
Net income attributable to common equity jumped to $21.7 million (basic and diluted $2.90 per share) from $2.4 million, largely due to a $19.8 million gain on the July 8 sale of the Franklin Crossing shopping center for a $27.0 million purchase price and net proceeds of about $25.4 million. Segment NOI was stable at $11.5 million versus $11.1 million, while non-GAAP adjusted net income declined to $1.4 million from $2.0 million.
The Board approved a Plan of Voluntary Liquidation, to be voted on September 29, 2026, and a $0.10 per-share third-quarter dividend (about $748,000). FREIT also signed a $28.8 million sale agreement for the Westwood Plaza shopping center, expanded its revolving credit facility to $20 million, refinanced and extended several mortgages, and remains committed to distributing at least 90% of ordinary taxable income and 100% of the Franklin Crossing capital gain as dividends for fiscal 2026.
First Real Estate Investment Trust of New Jersey, Inc. reported real estate revenue of $15.1 million for the six months ended April 30, 2026, up 4.2% from a year earlier, and net income attributable to common equity of $1.6 million, or $0.21 per share. Residential and commercial properties both contributed to higher rental income, despite slightly lower average occupancy and higher snow removal and utility costs. The Board declared a second-quarter dividend of $0.10 per share.
The company’s Board unanimously approved a Plan of Voluntary Liquidation, to be submitted to stockholders for approval, which would authorize the sale of all remaining assets and potential use of a liquidating trust. FREIT also signed agreements to sell the Franklin Crossing shopping center for $27.0 million and Westwood Plaza for $28.8 million, both to an affiliate of Regency Centers Corporation, subject to customary conditions and outside closing dates in 2026 and 2027. In addition, FREIT replaced its $13 million revolving credit facility with a new $20 million facility maturing in 2029.
First Real Estate Investment Trust of New Jersey reported higher earnings for the quarter ended January 31, 2026. Net income attributable to common equity rose to $943,000, or $0.13 per share, from $614,000, or $0.08 per share, helped by stronger residential rents and lower legal and professional fees.
Total revenue increased to $7.5 million from $7.3 million, with both commercial and residential segments posting higher net operating income. Cash, cash equivalents and restricted cash were $22.1 million, while mortgage debt stood at $120.8 million at a weighted average interest rate of 5.34%, with significant balloon maturities beginning in fiscal 2026. The trust declared a quarterly dividend of $0.10 per share, and reported Q1 2026 FFO of $0.21 per share and AFFO of $0.20 per share.
First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported condensed consolidated interim results and disclosures for the nine and three months ended July 31, 2025. The filing shows 7,471,344 shares issued and weighted average basic shares around 7,468 for periods presented. Cash and cash equivalents were $14.6 million and U.S. Treasury securities available-for-sale were $20.5 million at July 31, 2025. Fixed-rate mortgages payable totaled $121.8 million versus $128.9 million at October 31, 2024. FREIT recorded net income of $2.0 million for the nine months ended July 31, 2025 compared with $16.1 million in the prior-year period, and reported earnings per share of $0.32 and $1.99 for the comparable nine-month and prior-year periods. A litigation settlement of $15.7 million (net of fees) and the sale of Maryland properties produced an adjusted net gain of approximately $67.4 million (FREIT's share ~$44.8 million). Investment income accretion on Treasury securities was ~$666,000 for the nine months. The company continues to operate as a REIT and intends to distribute at least 90% of ordinary taxable income for fiscal 2025.