First Real Estate Investment reported results for the fiscal quarter ended April 30, 2026, with total real estate revenue of approximately $7.6 million and GAAP net income attributable to common equity of $0.6 million, or $0.08 per share. Adjusted funds from operations (AFFO) were $1.21 million, or $0.16 per share, for the quarter. The company’s board approved a Plan of Voluntary Liquidation and expects to seek stockholder approval in Fall 2026, estimating distributions of $24.44–$30.03 per share.
Financial Highlights
- Total real estate revenue of approximately $7.6 million for the fiscal quarter ended April 30, 2026 (up from $7.3 million a year earlier).
- Net income attributable to common equity of $0.6 million, or $0.08 per share…