FREVS Q2 EPS Drops 33% to $0.08, Revenue Up Modestly to $7.63M
FREVS sits 99% above its 52-week low of $11.01.
Summary
First Real Estate Investment Trust of New Jersey reported Q2 2026 revenue of $7.63M, a modest 5.2% increase year-over-year. However, diluted EPS declined 33.3% to $0.08, and net income fell 31.1% to $0.616M. This financial update follows the company's recent announcement of a Plan of Voluntary Liquidation and several subsequent filings detailing asset sales. The mixed results provide a current financial snapshot for investors as the company winds down operations and continues to execute property dispositions.
At the time of this announcement, FREVS was trading at $21.94 on OTC in the Real Estate & Construction sector, with a market capitalization of approximately $164.2M. The 52-week trading range was $11.01 to $23.00. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.