First Real Estate Investment Trust of New Jersey Announces First Quarter Dividend Declaration

First Real Estate Investment Trust of New Jersey, Inc. (OTCMKTS:FREVS) revealed in a recent filing with the Securities and Exchange Commission that its Board of Directors has declared a first quarter dividend of $0.08 per share on the Common Stock of the Trust. This dividend will be payable to shareholders of record as of the close of business on February 28, 2025, with the payment scheduled for March 14, 2025. The Board of Directors emphasized that they will be regularly assessing dividends on a quarterly basis, cautioning that future periods may not see the declaration of dividends. It was also highlighted that the amount set for January 16, 2025, does not necessarily reflect future dividend amounts.

The filing further included forward-looking and cautionary statements, as required by law, addressing potential uncertainties and risks associated with the Trust’s operations. These statements were in accordance with the Private Securities Litigation Reform Act of 1995 and highlighted the unpredictability of actual results due to various factors including economic conditions, property market volatility, the financial stability of tenants, and potential regulatory issues. First Real Estate Investment Trust of New Jersey underscored its commitment to transparency by stating its disclaimer to update or alter forward-looking statements except as mandated by law.

Investors and stakeholders are advised to review the Form 8-K filing from January 16, 2025, for a comprehensive understanding of the details presented in the disclosure.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read First Real Estate Investment Trust of New Jersey’s 8K filing here.

First Real Estate Investment Trust of New Jersey Company Profile

First Real Estate Investment Trust of New Jersey, Inc is a publicly traded (over-the-counter symbol FREVS) REIT organized in 1961. Its portfolio of residential and commercial properties are located in New Jersey and New York, with the largest concentration in northern New Jersey.