FREIT of New Jersey (OTCPK: FREVS) sets $0.10 Q1 dividend for Q1 2026
Rhea-AI Filing Summary
First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported that its Board of Directors declared a first quarter cash dividend of $0.10 per share on its common stock. The dividend will be paid on March 13, 2026 to shareholders who are on record as of the close of business on February 27, 2026.
The Board stated it will continue to evaluate the dividend each quarter and emphasized that there is no assurance any future dividends will be declared or that future dividend amounts will match this level. The company also included standard forward‑looking statement cautions, noting that various business, economic, real estate market and regulatory risks could cause future results or actions, including dividends, to differ from current expectations.
Positive
- None.
Negative
- None.
8-K Event Classification
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What dividend did First Real Estate Investment Trust of New Jersey (FREVS) declare?
The Board of First Real Estate Investment Trust of New Jersey, Inc. declared a first quarter dividend of $0.10 per share on its common stock.
What are the record date and payment date for FREVS’s Q1 2026 dividend?
Shareholders of record at the close of business on February 27, 2026 will receive the dividend, which is scheduled to be paid on March 13, 2026.
Is FREVS committing to pay similar dividends in future quarters?
No. The Board stated it will evaluate the dividend on a quarterly basis and made clear there is no assurance that dividends will be declared for any future period or that future dividends will match the amount declared on January 15, 2026.
What risks did FREIT highlight that could affect future dividends?
FREIT cited risks including industry and economic conditions, real estate market factors affecting its properties and tenants, financial market volatility, potential issues impacting the Trust or major tenants, and risks related to maintaining REIT status, among others referenced from its Form 10-K for the year ended October 31, 2024.
What stock exchange and symbol does First Real Estate Investment Trust of New Jersey use?
The common stock of First Real Estate Investment Trust of New Jersey, Inc. is listed with the trading symbol FREVS, and the filing indicates it is quoted on the OTCPK market.
Who signed the report announcing FREIT’s dividend?
The report was signed on behalf of First Real Estate Investment Trust of New Jersey, Inc. by Robert S. Hekemian, Jr., the company’s President and Chief Executive Officer.