Director David Hekemian discloses 6.8% FREVS stake in First Real Estate Investment Trust of NJ

Rhea-AI Filing Summary

First Real Estate Investment Trust of New Jersey received an amended Schedule 13G filing from director David B. Hekemian reporting his ownership in the company’s common stock. He beneficially owns 509,034 shares, representing 6.8% of the outstanding common stock.

His holdings include 216,152 shares with sole voting and dispositive power and 213,662 shares with shared voting and dispositive power. The percentage is based on 7,471,344 shares of common stock outstanding as of February 5, 2026. He certifies that the securities are not held to change or influence control of the company.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 5)

FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

336142104

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 336142104

1

Names of Reporting Persons

David B. Hekemian

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 216,152.00
6	Shared Voting Power 213,662.00
7	Sole Dispositive Power 216,152.00
8	Shared Dispositive Power 213,662.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

509,034.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.8 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
(b)	Address of issuer's principal executive offices: 505 Main Street, Hackensack, NJ 07601
Item 2.
(a)	Name of person filing: David B. Hekemian
(b)	Address or principal business office or, if none, residence: 505 Main Street, Hackensack, NJ 07601
(c)	Citizenship: United States
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 336142104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 509,034 Shares. Based on 7,471,344 shares of Common Stock outstanding as of February 5, 2026.
(b)	Percent of class: 6.8 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 216,152
	(ii) Shared power to vote or to direct the vote: 213,662
	(iii) Sole power to dispose or to direct the disposition of: 216,152
	(iv) Shared power to dispose or to direct the disposition of: 213,662
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

David B. Hekemian

Signature:	/s/ David B. Hekemian
Name/Title:	David B. Hekemian, Director
Date:	02/09/2026

FAQ

What percentage of FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS) does David B. Hekemian report owning?

David B. Hekemian reports beneficial ownership of 6.8% of the company’s common stock. This corresponds to 509,034 shares, calculated based on 7,471,344 shares of common stock outstanding as of February 5, 2026.

How many FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (FREVS) shares does David B. Hekemian beneficially own?

He beneficially owns 509,034 shares of common stock of First Real Estate Investment Trust of New Jersey. This total combines shares over which he has sole and shared voting and dispositive power, representing a reported 6.8% ownership stake in the company.

What are David B. Hekemian’s sole and shared voting powers in FREVS shares?

David B. Hekemian has sole voting power over 216,152 shares and shared voting power over 213,662 shares. He has the same split for dispositive power, reflecting how control over voting and disposition of his 509,034 beneficially owned shares is allocated.

On what share count is David B. Hekemian’s 6.8% FREVS ownership based?

The reported 6.8% ownership is based on 7,471,344 shares of First Real Estate Investment Trust of New Jersey common stock outstanding. This outstanding share figure is stated as of February 5, 2026 and is used to calculate his percentage ownership.

What type of SEC filing did David B. Hekemian submit for his FREVS holdings?

He submitted an amended Schedule 13G/A (Amendment No. 5) for his holdings in First Real Estate Investment Trust of New Jersey. This form reports beneficial ownership of more than 5% of a class of registered equity securities on a basis certified as non‑controlling.

Does David B. Hekemian state an intent to influence control of FREVS with his holdings?

He certifies that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer. The certification specifies they are not held in connection with any transaction having that purpose, other than limited nomination activities referenced in the rule.