First Real Estate Investment Trust of New Jersey, Inc. Announces Special, Extraordinary, Non-Recurring Cash Distribution of $7.50 Per Share, Payable on August 30, 2022
August 04, 2022 at 03:40 pm EDT
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First Real Estate Investment Trust of New Jersey, Inc. announced that its Board of Directors declared a special, extraordinary, non-recurring cash distribution of $7.50 per share. The distribution is payable on August 30, 2022, to stockholders of record on August 16, 2022 (ex-dividend date August 15, 2022).
First Real Estate Investment Trust of New Jersey, Inc. is an equity real estate investment trust (REIT). The Company is engaged in acquiring, developing, constructing and holding real estate properties for long-term investment and not for resale. The Company operates through two segments: commercial properties and residential properties. Its funds acquisition opportunities and the development of its real estate properties largely through debt financing, including mortgage loans collateralized by certain of its properties. Its properties are primarily located in northern New Jersey and New York. Its subsidiaries include Westwood Hills, LLC, Damascus Centre, LLC, Wayne PSC, LLC, Grande Rotunda, LLC, WestFREIT, Corp., Station Place on Monmouth, LLC., FREIT Regency, LLC and Berdan Court, LLC.
First Real Estate Investment Trust of New Jersey, Inc. Announces Special, Extraordinary, Non-Recurring Cash Distribution of $7.50 Per Share, Payable on August 30, 2022
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. 
