FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. 8K

FREIT reported Q2 2026 results, agreed to sell two major shopping centers, obtained board approval for a Plan of Voluntary Liquidation with estimated distributions of $24.44–$30.03 per share, updated key financings, and declared a quarterly dividend.

First Real Estate Investment Trust of New Jersey, Inc. (FREIT) reported its fiscal 2026 second quarter and six‑month results, highlighted by modest revenue growth and stable profitability metrics, and concurrently disclosed significant strategic and transactional developments including entering into agreements to sell its Franklin Crossing shopping center for $27.0 million (expected to close in the third quarter of 2026) and Westwood Plaza shopping center for $28.8 million (expected to close in early 2027), its board’s unanimous approval of a Plan of Voluntary Liquidation that, pending expected stockholder approval in fall 2026, will authorize the complete liquidation and dissolution of the company with estimated stockholder distributions of $24.44 to $30.03 per share, alongside a financing update extending certain property loans, replacing a $13 million credit facility with a new undrawn $20 million line of credit, and declaration of a $0.10 per share second‑quarter dividend payable June 12, 2026.

Filing Facts

CIK

36840

Ticker

-

Form

8K

Source Type

sec

Accession

0001174947-26-000659

Alert Tier

8