First Real Estate Investment Trust of New Jersey, Inc. Declares Second Quarter Dividend, Payable on June 14, 2024
April 04, 2024 at 02:26 pm
Share
On April 4, 2024, the Board of Directors of First Real Estate Investment Trust of New Jersey, Inc. declared a second quarter 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 May 31, 2024. The payment date for the dividend is June 14, 2024. 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 4, 2024 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.