Dividends & Buybacks ·
First Real Estate Investment Trust of New Jersey reported third-quarter fiscal 2026 results driven by a $19.8 million…
FREVSFirst Real Estate Investment Trust of New Jersey, Inc.
First Real Estate Investment Trust of New Jersey reported third-quarter fiscal 2026 results driven by a $19.8 million net gain from the July sale of Franklin Crossing for $27 million. GAAP earnings per share rose to $2.69, while AFFO per share was $0.14. The company announced a Plan of Voluntary Liquidation with estimated distributions of $24.44 to $30.03 per share and declared a quarterly dividend of $0.10 per share payable September 14, 2026. Financing updates include a new $20 million credit line and various loan extensions and refinancings. First Real Estate Investment Trust of New Jersey is a real estate investment trust that owns and operates residential and commercial properties primarily in northern New Jersey.