First Real Estate Investment Trust of New Jersey, Inc. (FREIT) announced its operating results for the fiscal quarter ended January 31, 2026. The company reported a GAAP earnings per share of $0.13, up from $0.08 in the same quarter last year, reflecting a significant increase in net income attributable to common equity, which rose to approximately $943,000. This increase was primarily driven by a revenue boost of approximately $235,000, attributed mainly to the residential segment, which saw higher base rents across all properties. However, total average residential occupancy decreased to 95.5% from 96.8% year-over-year. The company also reported an increase in Adjusted Funds From Operations (AFFO) per share to $0.20 from $0.16, indicating a positive trend in operational performance despite some challenges in occupancy rates. The Board of Directors declared a first-quarter dividend of $0.10 per share, reflecting the company's commitment to returning value to shareholders. The results suggest a stable operational outlook, although the decrease in occupancy rates may warrant attention moving forward.

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