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
OPERATING RESULTS
The registrant has released its operating results for the year and quarter ended October 31, 2016. The Press Release is included as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Registrant’s press release dated December 23, 2016
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 (FREIT) 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 through two segments: residential properties and commercial properties. Its developed properties include residential apartment communities and commercial properties that consist of multi and single tenanted properties. Its properties are located in New Jersey, Maryland and New York. Its real estate holdings include over seven apartment buildings or complexes containing a total of approximately 1,090 rentable units, 10 commercial properties (retail and office) containing approximately 1,265,000 square feet of leasable space, including a single tenant store, two separate one acre parcels subject to ground leases, and over three parcels of undeveloped land consisting of approximately 7.37 acres in total. 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 21.25 with shares trading hands.