FIRST Restructuring Friday, June 12, 2026 -0.15 Negative

FREIT reports Q2 FY2026 earnings; plans voluntary liquidation with $24.44-$30.03 per share

First Real Estate Investment Trust of New Jersey announced second quarter results with $7.6M in revenue and announced plans to seek stockholder approval for voluntary liquidation in fall 2026, with expected distributions of $24.44 to $30.03 per share. The company is also selling two properties (Franklin Crossing for $27M and Westwood Plaza for $28.8M) with closings expected in Q3 2026 and early 2027.

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