FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. [FREVS] - Liquidating Distribution
First Real Estate Investment Trust of New Jersey, Inc. announced a liquidating distribution of $3.20 per share following the approval of its voluntary Plan of Liquidation by stockholders representing approximately 68.0% of outstanding shares.
Why this matters
First Real Estate Investment Trust of New Jersey, Inc. (FREIT) is a publicly traded real estate investment trust that has been operating since 1961, focusing on a portfolio of residential and commercial properties primarily located in New Jersey and New York. The company recently announced a liquidating distribution of $3.20 per share following the approval of its voluntary Plan of Liquidation by stockholders, with approximately 68.0% of outstanding shares voting in favor. This decision marks a significant step in the company's efforts to maximize value and return capital to stockholders, with the initial distribution payable on October 29, 2026, to stockholders of record as of October 14, 2026.