-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NaiIZQ4QdAJh234ZBf50/MPyg+NlKhCkvjcnmtf+UGXU2UUZGM9DIJPfQDKKsKGN R9y2ymPQKleMsX9gp2RvVA== /in/edgar/work/0000914317-00-000712/0000914317-00-000712.txt : 20001030 0000914317-00-000712.hdr.sgml : 20001030 ACCESSION NUMBER: 0000914317-00-000712 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20001027 ITEM INFORMATION: FILED AS OF DATE: 20001027 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY CENTRAL INDEX KEY: 0000036840 STANDARD INDUSTRIAL CLASSIFICATION: [6798 ] IRS NUMBER: 221697095 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-25043 FILM NUMBER: 747520 BUSINESS ADDRESS: STREET 1: 505 MAIN ST STREET 2: P O BOX 667 CITY: HACKENSACK STATE: NJ ZIP: 07602 BUSINESS PHONE: 2014886400 MAIL ADDRESS: STREET 1: P O BOX 667 STREET 2: 505 MAIN STREET CITY: HACKENSACK STATE: NJ ZIP: 07602 8-K 1 0001.txt FORM 8-K 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: October 27, 2000 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 and an increase in quarterly fixed dividend payments in its fiscal year beginning November 1, 2000. 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: October 27, 2000 EX-1 2 0002.txt PRESS RELEASE Exhibit 1 DIVIDEND NEWS HACKENSACK, NJ, OCTOBER 27, 2000 - First Real Estate Investment Trust has declared a fourth quarter dividend of $1.15 per share payable on December 15, 2000 to shareholders of record on December 1, 2000. This raises current year's dividends to $2.65 per share compared to $2.25 last year; an increase of 17.8%. Fiscal Year Ending Fiscal Year 10/31/00 Ended 10/31/99 ------------------ ------------------------ ------------------------ 1st Quarter $ .50 $ .40 ------------------ ------------------------ ------------------------ 2nd Quarter $ .50 $ .40 ------------------ ------------------------ ------------------------ 3rd Quarter $ .50 $ .40 ------------------ ------------------------ ------------------------ 4th Quarter $1.15 $1.05 ----- ----- ------------------ ------------------------ ------------------------ Total $2.65 $2.25 ===== ===== ------------------ ------------------------ ------------------------ The Trust is on a fiscal year ending October 31st. It has been the Trust's policy to pay fixed quarterly dividends for the first three quarters of each fiscal year, and a final fourth quarter dividend based on the total fiscal year's operating results. For its fiscal year beginning November 1, 2000, the Trust will increase its fixed quarterly dividend to $.60 per share from $.50 per share. The fourth quarter dividend will be adjusted to reflect its total operating results for the year ending October 31, 2001. ~~~~~~ The statements in this report that relate to future earnings or performance are forward-looking. Actual results might differ materially and be adversely affected by such factors as longer than anticipated lease-up periods or the inability of tenants to pay increased rents. Additional information about these factors is contained in the Trust's filings with the SEC including the Trust's most recent filed report on Form 10-K and Form 10-Q. ~~~~~~ First Real Estate Investment Trust is a publicly traded (over-the-counter - symbol FREVS) REIT organized in 1961. It has approximately $96 million (historical cost basis) of assets. Its portfolio of residential and retail properties extends from Eastern L.I. to Maryland, with the largest concentration in Northern New Jersey For additional information contact Shareholder Relations at (201) 488-6400 -----END PRIVACY-ENHANCED MESSAGE-----