FREIT Q3 FY26 GAAP EPS jumps to $2.69; revenue rises 4% to $7.54 million

• FREIT posted GAAP net income attributable to common equity of $20.16 million, or $2.69 per share, in the quarter ended July 31, 2026.
• Revenue rose 4.0% to $7.54 million, helped by higher residential base rents and a 41.7% average commercial occupancy rate.
• Results included a $19.83 million net gain from selling the Franklin Crossing shopping center for $27 million, generating about $25.4 million net proceeds.
• Board declared a $0.10 per share dividend, payable Sept. 14, and set a Sept. 29 vote on a voluntary liquidation plan.
• Liquidation proceeds were estimated at $24.44 to $30.03 per share; a Westwood Plaza sale for $28.8 million is expected to close in early 2027.

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: 0001174947-26-000856), on September 11, 2026, and is solely responsible for the information contained therein.