FREIT news

FREIT shareholders approved a voluntary liquidation plan, with the board declaring the first liquidating distribution of $3.20 per share. The trust expects total liquidating distributions to range between $24.44 to $30.03 per share.

FREIT reported record GAAP earnings per share of $2.69 for the fiscal quarter ended July 31, 2026, fueled by a net gain on the sale of the Franklin Crossing shopping center. Total revenue increased 4.0% to approximately $7.5 million.

First Real Estate Investment Trust of New Jersey announced second quarter results with $7.6M in revenue and announced plans to seek stockholder approval for voluntary liquidation in fall 2026, with expected distributions of $24.44 to $30.03 per share. The company is also selling two properties (Fran…

First Real Estate Investment Trust of New Jersey has entered into a purchase and sale agreement to sell its Westwood Plaza shopping center in New Jersey to Regency Centers Acquisition LLC. The transaction represents a divestiture of a retail property asset from the REIT's portfolio.