Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

As previously disclosed, First Real Estate Investment Trust of New Jersey (the "Trust") announced on March 31, 2020 that the Trust's special meeting in lieu of annual meeting of shareholders (the "Special Meeting") that is scheduled to be held on April 21, 2020 will be held solely as a "virtual" meeting webcast over the Internet, and not at any physical location, due to the significant public health concerns related to the coronavirus (COVID-19).

Consistent with this determination, on April 1, 2020, the Board of Trustees (the "Board") of the Trust approved an amendment to the Trust's Amended and Restated Declaration of Trust, as amended, to, among other things, (a) provide that the Board may determine, in its discretion, to permit shareholders to participate in, and be deemed present in person and vote at, any annual or special meeting of the Trust's shareholders by means of remote communication, subject to such guidelines, restrictions and procedures as the Board may adopt, and (b) provide that, to the extent not prohibited by applicable law, and subject to such guidelines, restrictions and procedures as the Board may adopt, the Board may, in its discretion, determine that any annual or special meeting of the Trust's shareholders shall not be held at any place, but may instead be held solely by means of remote communication.

A copy of the amendment to the Trust's Amended and Restated Declaration of Trust is attached hereto as Exhibit 3.1 .

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