First Real Estate Investment Trust of New Jersey, Inc. Declares Dividend, Payable on June 15, 2023
April 27, 2023 at 03:52 pm EDT
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First Real Estate Investment Trust of New Jersey, Inc. (FREIT or the Trust) declared a dividend of $0.05 per share on the Common Stock of the Trust to holders of record of said shares at the close of business on June 1, 2023. The payment date for the dividend is June 15, 2023. 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 April 9, 2023 is not necessarily indicative of the amount of any dividends that may be declared in the future.
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. 
