SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                    FORM 8-K


                                 CURRENT REPORT
                        PURSUANT TO SECTION 13 OR 15 (D)
                     OF THE SECURITIES EXCHANGE ACT OF 1934

                        Date of Report: December 4, 2001



                FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
                ------------------------------------------------
             (Exact name of registrant as specified in its charter)


        New Jersey                                             22-1697095
- -------------------------------                           --------------------
(State or other Jurisdiction of                             (I.R.S. Employer
 Incorporation or Organization)                            Identification No.)


505 Main Street, P.O. Box 667, Hackensack, New Jersey             07602
- -----------------------------------------------------         ------------
(Address of principal executive offices)                       (Zip Code)


Registrant's telephone number, including area code   201-488-6400
                                                     ------------





Item 5. Other Events

      The Registrant has reported its fourth quarter dividend declaration of
      $.48 per share payable on December 13, 2001 to shareholders of record on
      December 3, 2001. This raises dividends for the fiscal year to $1.38 per
      share, and increase of 4.15% compared to $1.325 per share last year.

      The full report is included as Exhibit 1 to this Form 8-K.


Disclosure Concerning Forward-Looking Statements
- ------------------------------------------------
Certain Statements in this Form 8-K may contain information that is, or
anticipate certain events that are, forward-looking within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. The Registrant cautions readers
that forward-looking statements, including, without limitation, those relating
to the Registrant's liquidity and capital resources, are subject to certain
risks and uncertainties. Actual results may differ materially from those
described in the forward-looking statements and will be affected by a variety of
risks and factors, including without limitation, the Registrant's future
financial performance; the availability of capital; general market conditions;
national and local economic conditions; particularly long-term interest rates;
the terms of federal, state and local governmental regulations that affect the
Registrant; and the competitive environment in which the Registrant operates,
including the availability of retail space and residential apartment units in
the areas where the Registrant's properties are located. In addition, the
Registrant's continued qualification as a real estate investment trust involves
the application of highly technical and complex rules of the Internal Revenue
Code. The forward-looking statements are made as of the date of this Form 8-K
and the Registrant assumes no obligation to update the forward-looking
statements or to update the reasons actual results could differ from those
projected in such forward-looking statements.





                                   SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereto duly authorized.

                                             FIRST REAL ESTATE INVESTMENT TRUST
                                                                  OF NEW JERSEY

                                                     By: /s/ Robert S. Hekemian
                                                         ----------------------
                                                             Robert S. Hekemian
                                                          Chairman of the Board


 DATED: December 5, 2000