• FREIT posted net income attributable to common equity of USD 616,000, down 31.1% from the prior-year quarter; revenue rose 5.2% to USD 7.63 million.
• For the six months ended April 30, net income attributable to common equity edged up 3.4% to USD 1.56 million; revenue increased 4.2% to USD 15.14 million.
• Funds from operations fell 21.7% to USD 1.4 million in the quarter; adjusted funds from operations dropped 28.1% to USD 1.21 million.
• Commercial net operating income climbed 7.5% to USD 605,000 in the quarter, while residential net operating income slipped 1.5% to USD 3.21 million.
• Board-backed asset sales advanced with deals to sell Franklin Crossing for USD 27 million and Westwood Plaza for USD 28.8 million, alongside a plan of voluntary liquidation slated for a fall stockholder vote.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FREIT - First Real Estate Investment Trust of New Jersey published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174947-26-000661), on June 12, 2026, and is solely responsible for the information contained therein.