FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
Close on Oct 19, 2026
- Market cap
- $138.42K
- P/E (TTM)
- 6.1
- Dividend yield
- 1.95%
About First Real Estate Investment Trust Of New Jersey
Real Estate Investment Trusts, SIC 6798
First Real Estate Investment Trust of New Jersey, Inc. is an equity real estate investment trust that acquires, develops, constructs, and holds real estate assets for long-term investment. The company operates through two reportable segments: residential properties and commercial properties. Through these segments, it rents multi-family housing units to residential tenants and leases commercial space to business occupants, including retail stores and supermarket operators.
The company's property portfolio is situated across New Jersey and New York. Its holdings comprise six multi-family residential complexes totaling 792 apartment units, a 65% tenancy-in-common interest in an additional 266-unit apartment complex, five commercial properties offering approximately 589,000 square feet of leasable space, and three parcels of undeveloped land totaling about 7.37 acres. The organization maintains its principal executive offices in Hackensack, New Jersey.
Summary of the business section of First Real Estate Investment Trust Of New Jersey's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
- Founded
- 1961
- Headquarters
- Hackensack, NJ
- Address
- 505 Main Street, Suite 400 07601
- Phone
- (201) 488-6400
- Website
- freitnj.com
- Industry
- Real Estate Investment Trusts
- Incorporated in
- New Jersey
- Fiscal year ends
- October 31
- Auditor
- EISNERAMPER LLP, New York, New York
Stock & identifiers
- Ticker
- FREVS
- Exchange
- OTC
- Shares outstanding
- 7M, Sep 11, 2026
- Public float
- $100.10M, Apr 30, 2025
- Filer category
- Non-accelerated filer<br>Smaller reporting company
- Stock splits
- 2-for-1, Apr 1, 2004; 2-for-1, Oct 19, 2001
- SEC CIK
- 36840
- EIN
- 22-1697095
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| John A. Aiello | Secretary, Director | 29,297 |
| Robert S. Hekemian Jr | Chief Executive Officer, Director | 403,985 |
| Ronald J. Artinian | Chairman of the Board | 544,614 |
| Richard Aslanian | Director | 55,777 |
| Justin Meng | Director | 73,247 |
| David Hekemian | Director | 479,148 |
| David F. McBride | Director | 74,095 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $680.00K | $680.00K | $87.50K | $98 | – |
| FY2024 | $680.00K | $680.00K | $87.50K | $116 | – |
| FY2023 | $643.64K | $643.64K | $84.98K | $105 | – |
| FY2022 | $830.78K | $830.78K | $79.00K | $125 | – |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Aug 4, 2026 | Merger vote | Definitive merger proxy statement |
| Apr 3, 2025 | Name change | Name changed from FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY to FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. |
| Aug 3, 2023 | Listing | Registration of securities on an exchange (Form 8-A) |
| Jan 12, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jan 6, 2022 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Feb 11, 2021 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 9, 2020 | Merger vote | Definitive merger proxy statement |
| Jan 14, 2020 | Late filing | Notification of late filing |
| Jan 16, 2007 | Late filing | Notification of late filing |
| Sep 18, 2006 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Feb 1, 2005 | Late filing | Notification of late filing |
| Jun 15, 2004 | Late filing | Notification of late filing |
| Mar 18, 2003 | Late filing | Notification of late filing |
| Jun 16, 1998 | Late filing | Notification of late filing |