Form 8-K
8-K — FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
Accession: 0002077096-26-000217
Filed: 2026-07-09
Period: 2026-07-08
CIK: 0000036840
SIC: 6798 (REAL ESTATE INVESTMENT TRUSTS)
Item: Entry into a Material Definitive Agreement
Item: Financial Statements and Exhibits
Documents
8-K — ea0297554-8k_firstreal.htm (Primary)
EX-99.1 — PRESS RELEASE - FREIT CLOSES ON SALE OF FRANKLIN CROSSING SHOPPING CENTER (ea029755401ex99-1.htm)
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8-K — CURRENT REPORT
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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):
July 8, 2026
FIRST REAL
ESTATE INVESTMENT TRUST OF NEW JERSEY, INC.
(Exact name of registrant as specified in charter)
Maryland
000-25043
22-1697095
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
505
Main Street, Suite 400, Hackensack, New Jersey
07601
(Address of principal executive offices)
(Zip Code)
Registrant’s telephone number, including
area code: (201) 488-6400
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation 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 240.14a-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))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock, par value $0.01 per share Preferred Stock Purchase Rights(1)
FREVS
OTC Pink Limited Market
(1) Registered pursuant to Section 12 (b) of the
Act pursuant to a form 8-A filed by the registrant on August 3, 2023. Until the Distribution Date (as defined in the registrant’s
Stockholder Rights Agreement dated July 31, 2023 and amended as of May 12, 2026) the Preferred Stock Purchase Rights will be transferred
with and only with the shares of the registrant’s Common Stock to which the Preferred Stock Purchase Rights are attached.
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth
company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement.
First Real Estate Investment Trust of New Jersey,
Inc. (“FREIT”) previously reported that on April 8, 2026 it entered into a Purchase and Sale Agreement (the “Purchase
and Sale Agreement”) with an affiliate of Regency Centers Corporation for the sale of 100% of its ownership interests in the Franklin
Crossing shopping center located in Franklin Lakes, New Jersey, in exchange for a purchase price of $27,000,000. On July 8, 2026, the
sale of the Franklin Crossing shopping center pursuant to the Purchase and Sale Agreement was consummated, resulting in net proceeds to
FREIT of approximately $25,400,000, along with a net gain of approximately $19,500,000.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
99.1 Registrant’s press release dated July 9, 2026
The statements in this
report, which relate to future earnings or performance, are forward-looking. Actual results may differ materially and be adversely affected
by such factors as market and economic conditions, longer than anticipated lease-up periods or the inability of certain tenants to pay
rents. Additional information about these factors is contained in the Company’s filings with the SEC including the Company’s
most recently filed reports on Form 10-K and Form 10-Q.
1
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, as amended, 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, INC.
(Registrant)
By:
/s/ Robert S. Hekemian, Jr.
Robert S. Hekemian, Jr.
President and Chief Executive Officer
Date: July 9, 2026
2
EXHIBIT INDEX
Exhibit
Number
Description
99.1
Press Release – FREIT Closes on Sale of Franklin Crossing Shopping Center
104
Cover Page Interactive Data File (embedded within the Inline XBRL document)
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EX-99.1 — PRESS RELEASE - FREIT CLOSES ON SALE OF FRANKLIN CROSSING SHOPPING CENTER
EX-99.1
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Exhibit 99.1
FREIT Closes on Sale of Franklin Crossing Shopping
Center
HACKENSACK, NJ, July 9, 2026 – First
Real Estate Investment Trust of New Jersey, Inc. (“FREIT”) is pleased to announce the successful completion of the sale of
its Franklin Crossing shopping center in Franklin Lakes, New Jersey, for an agreed-upon purchase price of $27,000,000.
The transaction generated net proceeds of approximately $25,400,000 at
closing, along with a net gain of approximately $19,500,000.
The completion of this transaction reflects FREIT’s
ongoing commitment to maximizing asset value, executing its business strategy, and creating value for stockholders.
The statements in this report, which relate
to future earnings or performance, are forward-looking. Actual results may differ materially and be adversely affected by such factors
as market and economic conditions, longer than anticipated lease-up periods or the inability of certain tenants to pay rents. Additional
information about these factors is contained in the Company’s filings with the SEC including the Company’s most recently filed
reports on Form 10-K and Form 10-Q.
First Real Estate Investment Trust of
New Jersey, Inc. is a publicly traded (over-the-counter – symbol FREVS) REIT organized in 1961.
Its portfolio of residential and commercial properties is located in New Jersey and New York, with the largest concentration in northern
New Jersey.
For additional information, contact Investor
Relations at (201) 488-6400.
Visit us on the web: www.freitnj.com
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