Welcome to our dedicated page for First Real Estate Invt Tr N J SEC filings (Ticker: FREVS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
First Real Estate Investment Trust of New Jersey filings document the REIT’s operating results, dividend declarations, governance actions, and capital structure. Its Form 8-K reports include quarterly results releases, board-declared common-stock dividends, exhibits, forward-looking risk language, and disclosures tied to market conditions, lease-up periods, and tenant rent payment risks.
The filing record also covers the company’s common stock and preferred stock purchase rights, including rights associated with the Stockholder Rights Agreement, along with material-event disclosures, material agreements, shareholder voting matters, and references to Form 10-K and Form 10-Q reporting for the real estate portfolio.
The Board of First Real Estate Investment Trust of New Jersey, Inc. is asking stockholders to approve a Plan of Liquidation at a special meeting on September 29, 2026. If approved, the Trust intends to wind up operations, transfer remaining assets possibly to a liquidating trust and make distributions to stockholders estimated at $24.44 to $30.03 per share. The record date for voting is July 31, 2026, with 7,482,432 Shares outstanding as of that date. The Board unanimously recommends a FOR vote and retained JLL as financial advisor; JLL delivered an opinion that the estimated per-share distribution range is reasonable as of May 12, 2026. The proxy statement discloses potential conflicts of interest related to the external manager Hekemian & Company, Inc., certain management bonuses and an increase in Board retainer. See the Risk Factors section for material uncertainties affecting timing and amounts.
First Real Estate Investment Trust of New Jersey has approved a Plan of Voluntary Liquidation that, if stockholders consent, will wind down the Trust through the sale of all assets and eventual dissolution. The Trust currently estimates total liquidating distributions of $24.44 to $30.03 per share, compared with a closing stock price of $15.25 on May 13, 2026.
The Board expects to seek stockholder approval at a special meeting in Fall 2026 and aims to complete asset sales within 24 months of approval. An amended management agreement provides Hekemian & Co. a termination fee equal to the Trust’s ownership percentage times 2.5 times one year’s Base Management Fee per property, plus a 1.65% sales fee on the Trust’s ownership share of each property’s sale price. CEO Robert S. Hekemian, Jr. may receive a $1,000,000 cash bonus if all properties are sold or under contract within 18 months after stockholder approval and aggregate gross proceeds exceed $319.9 million, with all sales closing.
First Real Estate Investment Trust of New Jersey, Inc. entered into a material definitive agreement to amend its existing Stockholder Rights Agreement. On May 12, 2026, the Trust and Computershare Trust Company, N.A., as Rights Agent, signed a First Amendment to this agreement.
The amendment extends the term and the Final Expiration Date of the Stockholder Rights Agreement from July 31, 2026 to July 31, 2029, lengthening the period during which the Trust’s stockholder rights plan remains in effect.
First Real Estate Investment Trust of New Jersey, Inc. declared a second quarter dividend of $0.10 per share on its common stock. The dividend will be paid on June 12, 2026 to shareholders of record at the close of business on May 29, 2026.
The Board stated it will continue evaluating the dividend on a quarterly basis and emphasized there is no assurance that dividends will be declared for any future period or that future dividend amounts will match this level. The filing also includes customary forward-looking statement cautions and references to risks affecting the Trust and its tenants.
First Real Estate Investment Trust of New Jersey, Inc. agreed to sell its Franklin Crossing shopping center in Franklin Lakes, New Jersey to an affiliate of Regency Centers Corporation for $27,000,000, under a Purchase and Sale Agreement signed on April 8, 2026.
The buyer placed a $1,000,000 initial deposit into escrow, refundable only during a 30‑day due diligence period ending May 8, 2026. If the buyer proceeds, it must add another $1,000,000 non‑refundable deposit, subject to limited termination rights. The transaction has no financing contingency and must close by August 15, 2026, subject to customary conditions. The Board unanimously approved the deal, which is expected to close in the third fiscal quarter of 2026.
First Real Estate Investment Trust of New Jersey reported stronger results for the fiscal quarter ended January 31, 2026. Total real estate revenue rose to about $7.5M from $7.3M, driven mainly by higher residential base rents despite a dip in average residential occupancy to 95.5% from 96.8%.
Net income attributable to common equity increased to roughly $943,000, or $0.13 per share, up from $0.08. FFO per share grew to $0.21 and AFFO per share to $0.20. The quarterly dividend was raised to $0.10 per share. The company is working with its lender on further extending or refinancing a $25M mortgage on the Preakness shopping center, currently extended through May 1, 2026.
First Real Estate Investment Trust of New Jersey reported higher earnings for the quarter ended January 31, 2026. Net income attributable to common equity rose to $943,000, or $0.13 per share, from $614,000, or $0.08 per share, helped by stronger residential rents and lower legal and professional fees.
Total revenue increased to $7.5 million from $7.3 million, with both commercial and residential segments posting higher net operating income. Cash, cash equivalents and restricted cash were $22.1 million, while mortgage debt stood at $120.8 million at a weighted average interest rate of 5.34%, with significant balloon maturities beginning in fiscal 2026. The trust declared a quarterly dividend of $0.10 per share, and reported Q1 2026 FFO of $0.21 per share and AFFO of $0.20 per share.
Hekemian Robert S Jr reported acquisition or exercise transactions in this Form 4 filing.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported that Chief Executive Officer Robert S. Hekemian Jr received an award of 1,584 shares of common stock on March 12, 2026. The grant was made at a price of $0.00 per share under FREIT's Equity Incentive Plan of 1998, approved by the Board of Directors following a recommendation from the Compensation Committee.
After this award, Hekemian directly holds 220,973 common shares, with additional indirect holdings reported through various trusts, partnerships and his spouse, for many of which he disclaims beneficial ownership except to the extent of his pecuniary interest.
Meng Justin reported acquisition or exercise transactions in this Form 4 filing.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. director Justin Meng received an award of 1,584 shares of common stock under the company’s Equity Incentive Plan of 1998, approved by the Board of Directors upon recommendation of the Compensation Committee. Following the grant, he holds 70,847 shares directly. An additional 2,400 shares are held in an IRA for the benefit of his wife, for which he disclaims beneficial ownership.
MCBRIDE DAVID F reported acquisition or exercise transactions in this Form 4 filing.
First Real Estate Investment Trust of New Jersey, Inc. director David F. McBride received an award of 1,584 shares of common stock on March 12, 2026. The grant, priced at $0.00 per share, was made under FREIT's Equity Incentive Plan of 1998 and approved by the Board after a Compensation Committee recommendation. Following this equity award, McBride directly holds 70,095 common shares, with an additional 4,000 shares held indirectly through his wife.