Recent Updates — FREVS

First Real Estate Investment Trust of New Jersey, Inc. stockholders approved its Plan of Voluntary Liquidation at a special meeting held on September 29, 2026, with approximately 68.0% of outstanding shares voting in favor. Following this approval, the Board declared an initial liquidating distribution of $3.20 per share to be paid on October 29, 2026, to holders of record as of October 14, 2026. The company estimates total aggregate liquidating distributions between $24.44 and $30.03 per share, inclusive of the initial payment. This filing marks a significant step in the orderly disposition of assets and return of capital to shareholders. First Real Estate Investment Trust of New Jersey, Inc. is a real estate investment trust that owns and operates residential and commercial properties primarily in northern New Jersey.

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.

First Real Estate Investment Trust of New Jersey, Inc. declared a third quarter dividend of $0.10 per share on its Common Stock to holders of record as of August 31, 2026, with a payment date of September 14, 2026. The company is a real estate investment trust that manages a portfolio of residential and commercial properties in New Jersey and New York.

On July 8, 2026, First Real Estate Investment Trust of New Jersey, Inc. consummated the sale of 100% of its ownership interests in the Franklin Crossing shopping center in Franklin Lakes, New Jersey, to an affiliate of Regency Centers Corporation. The transaction resulted in net proceeds of approximately $25,400,000 and a net gain of approximately $19,500,000, based on a purchase price of $27,000,000. The company is a real estate investment trust that owns and manages commercial properties.