FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
The registrant has released its operating results for the quarter ended January 31, 2017. The Press Release is included as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
99.1 Registrant’s press release dated March 3, 2017
The statements in this report that relate to future earnings or performance are forward-looking. Actual results might differ materially and be adversely affected by such factors as longer than anticipated lease-up periods or the inability of tenants to pay increased rents. Additional information about these factors is contained in the Trust’s filings with the SEC including the Trust’s most recently filed reports on Form 10-K and Form 10-Q.
About FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS)
First Real Estate Investment Trust of New Jersey is an equity real estate investment trust (REIT). The Company acquires, develops, constructs and holds real estate properties for long-term investment and not for resale. The Company operates in two segments: Commercial Properties and Residential Properties. The Company owns a portfolio of residential apartment and commercial properties. The Company’s properties are located in New Jersey, Maryland and New York. It funds acquisition opportunities and the development of its real estate properties through debt financing, including mortgage loans against certain of its properties. As of October 31, 2016, its real estate holdings included eight apartment buildings or complexes containing a total of 1,472 rentable units, and nine commercial properties (retail and office) containing approximately 1,338,000 square feet of leasable space. Its commercial and residential properties include Franklin Crossing, Westwood Plaza and Hammel Gardens. FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) Recent Trading Information
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY (OTCMKTS:FREVS) closed its last trading session 00.00 at 20.60 with shares trading hands.