FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY Files 8-K
Ticker: FREVS · Form: 8-K · Filed: Oct 29, 2024 · CIK: 36840
Sentiment: neutral
Topics: financial-statements, exhibits, sec-filing
TL;DR
FREIT filed an 8-K with financial statements and exhibits on 10/28.
AI Summary
On October 28, 2024, FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY filed an 8-K report. The filing primarily concerns financial statements and exhibits, with no other specific events detailed in the provided text. The company is incorporated in Maryland and headquartered in Hackensack, New Jersey.
Why It Matters
This 8-K filing indicates that FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY has submitted required financial statements and exhibits to the SEC, which is standard for public companies.
Risk Assessment
Risk Level: low — The filing is a routine 8-K for financial statements and exhibits, indicating standard corporate reporting rather than a significant event.
Key Players & Entities
- FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (company) — Registrant
- October 28, 2024 (date) — Date of earliest event reported
- 505 Main Street, Suite 400, Hackensack, New Jersey 07601 (location) — Principal executive offices address
- Maryland (location) — State of incorporation
- 2014886400 (phone_number) — Registrant's telephone number
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report financial statements and exhibits.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on October 28, 2024.
Where is FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY headquartered?
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY is headquartered at 505 Main Street, Suite 400, Hackensack, New Jersey 07601.
In which state is FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY incorporated?
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY is incorporated in Maryland.
What is the registrant's telephone number?
The registrant's telephone number is (201) 488-6400.
Filing Stats: 1,035 words · 4 min read · ~3 pages · Grade level 13.4 · Accepted 2024-10-29 15:50:40
Key Financial Figures
- $0.01 — ch registered Common stock, par value $0.01 per share FREVS OTC Pink Market Pre
- $0.12 — in the fourth quarter of Fiscal 2024 of $0.12 per share on the Common Stock of the Tr
- $0.58 — ves on the Common Stock of the Trust of $0.58 per share. The total dividend of $0.70
- $0.70 — $0.58 per share. The total dividend of $0.70 per share on the Common Stock of the Tr
- $0.85 — l dividends declared for Fiscal 2024 to $0.85 per share on Common Stock of the Trust.
Filing Documents
- form8k-33069_freit.htm (8-K) — 30KB
- ex99-1.htm (EX-99.1) — 5KB
- image_001.jpg (GRAPHIC) — 3KB
- 0001174947-24-001179.txt ( ) — 250KB
- frevs-20241028.xsd (EX-101.SCH) — 3KB
- frevs-20241028_def.xml (EX-101.DEF) — 26KB
- frevs-20241028_lab.xml (EX-101.LAB) — 36KB
- frevs-20241028_pre.xml (EX-101.PRE) — 25KB
- form8k-33069_freit_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events On October 28, 2024, the Board of Directors of First Real Estate Investment Trust of New Jersey, Inc. ("FREIT" or the "Trust") declared a dividend in the fourth quarter of Fiscal 2024 of $0.12 per share on the Common Stock of the Trust based on FREIT's operating results for the full fiscal year. Additionally, the Board of Directors declared a special dividend from cash reserves on the Common Stock of the Trust of $0.58 per share. The total dividend of $0.70 per share on the Common Stock of the Trust will be paid on December 13, 2024 to holders of record of said shares at the close of business on November 29, 2024. This brings total dividends declared for Fiscal 2024 to $0.85 per share on Common Stock of the Trust. The Board of Directors will continue to evaluate the dividend on a quarterly basis and there can be no assurance that dividends will be declared for any future period. In addition, the amount of the dividend declared on October 28, 2024 is not necessarily indicative of the amount of any dividends that may be declared in the future.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits 99.1 Registrant's press release dated October 29, 2024 Forward-Looking and Cautionary Statements This current report on Form 8-K may contain forward-looking "project," "intend," "believe," "guidance," "approximately," "anticipate," "may," "should," "seek" or the negative of these words and phrases or similar words or phrases that are predictions of or indicate future events or trends and that do not relate to historical matters. You can also identify forward-looking risks and uncertainties that you should not rely on as predictions of future events. Forward-looking statements depend on assumptions, data and/or methods which may be incorrect or imprecise and we may not be able to realize them. The following risks and uncertainties, among others, could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to: industry and economic conditions; FREIT's ability to satisfy the conditions to closing and complete a proposed transaction; FREIT's dependence upon its external manager to conduct its business and achieve its investment objectives; unknown liabilities acquired in connection with acquired properties or interests in real estate-related entities; general risks affecting the real estate industry and local real estate markets (including, without limitation, the market value of FREIT's properties, potential illiquidity of FREIT's remaining real estate investments, condemnations, and potential damage from natural disasters); the financial performance of
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. (Registrant) By: /s/ Robert S. Hekemian, Jr. Robert S. Hekemian, Jr. President and Chief Executive Officer Date: October 29, 2024 3