UNITED STATES
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 (Date of earliest event reported) October 18, 2005
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First Real Estate Investment Trust of New Jersey
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(Exact name of registrant as specified in its charter)
New Jersey 2-27018 22-1697095
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
505 Main Street, Hackensack, NJ 07601
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(Address of principal executive offices) (Zip Code)
(201) 488-6400
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(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions (see General Instruction A.2. Below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to rule 14a-12 under the Exchange Act (17 CFR
240.14.a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4 (C) under the
Exchange Act (17 CFR 240.13e-4(C))
Item 8.01 Other Events
DIVIDEND ANNOUNCEMENT
On October 18, 2005 - First Real Estate Investment Trust ("FREIT") announced
that its fourth quarter dividend for fiscal year ending October 31, 2005 will
be $ .45 per share, payable on December 15, 2005, to shareholders of record on
December 1, 2005. This raised the year's total dividends to $1.20 per share, an
increase of 9.1% over last fiscal year's total dividends of $1.10 per share.
It is FREIT's policy to pay fixed quarterly dividends for the first three
quarters of its fiscal year. The final fourth quarter dividend is based on the
fiscal year's net income, taxable income, and funds from operations.
The fixed quarterly dividend for the first three quarters of fiscal 2006 will
remain at $ .25 per share.
As at October 18, 2005 FREIT's outstanding shares were 6,481,152.
Disclosure Concerning Forward-Looking Statements
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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 hereunto duly authorized.
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
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(Registrant)
By: /s/ Robert S. Hekemian
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Robert S. Hekemian
Chairman of the Board
October 21, 2005 (Dated)
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