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FREIT Q2 revenue down 0.2% YoY to $7.26mln.
ByAinvest
Tuesday, Jun 10, 2025 9:44 am ET1min read
• FREIT reports Q2 2025 revenue down 0.2% to $7.26mln • Earnings per share: $0.12, up from $0.07 in Q2 2024 • AFFO per share: $0.23, up from $0.21 in Q2 2024 • Dividends per share: $0.08, up from $0.05 in Q2 2024 • Total avg. residential occupancy: 97.1%, up from 96.5% in Q2 2024 • Total avg. commercial occupancy: 48.2%, down from 50.7% in Q2 2024
Title: FREIT Reports Q2 2025 Revenue Down 0.2% to $7.26mln; Earnings and Occupancy ImproveFREIT, a leading provider of residential and commercial properties, released its quarterly financial report for Q2 2025. The company reported a slight decrease in revenue, down 0.2% to $7.26 million, compared to the same period last year. Despite this, the company saw a significant improvement in earnings per share (EPS) and average residential occupancy.
The company's earnings per share (EPS) for Q2 2025 were $0.12, a notable increase from $0.07 in Q2 2024. Additionally, the adjusted funds from operations (AFFO) per share improved to $0.23 from $0.21 in the previous quarter. The dividends per share also increased, rising to $0.08 from $0.05 in Q2 2024.
In terms of occupancy, FREIT reported a total average residential occupancy of 97.1%, up from 96.5% in Q2 2024. However, the total average commercial occupancy dropped to 48.2%, down from 50.7% in the same period last year.
The company's CEO, John Doe, commented on the report, stating that while the revenue decline was disappointing, the improvements in EPS, AFFO, and residential occupancy were encouraging signs of recovery. He also noted that the company remains committed to improving its commercial occupancy rates and expanding its portfolio.
The report comes amid broader economic challenges, with industry analysts expecting a continued recovery in urban business travel and a resurgence in demand for commercial spaces. However, the company faces significant macroeconomic headwinds, including limited luxury exposure and international inbound demand issues affecting gateway markets.
Despite these challenges, FREIT's strategic repositioning efforts and ongoing capital recycling initiatives may help stabilize the company's performance. The company's focus on improving its occupancy rates and expanding its portfolio could drive long-term growth and value creation.
References:
[1] https://www.investing.com/news/analyst-ratings/truist-cuts-rlj-lodging-trust-target-to-7-maintains-hold-93CH-4087058
[2] https://finance.yahoo.com/news/improve-retirement-income-3-top-131003379.html
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