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                       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 12, 1999

                         -----------------------------

                       FIRST REAL ESTATE INVESTMENT TRUST
                                  OF NEW JERSEY

             (Exact name of registrant as specified in its charter)

   New Jersey                     2-27018                         22-1697095
(State or other               (Commission File                 (I.R.S. Employer
jurisdiction of                    number)                      Identification
incorporation)                                                      Number)

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

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

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Item 5.  Other Events

         The  Registrant  declared a dividend  for the fourth  quarter of fiscal
year 1999 in the amount of $1.05 per share at its October  12,  1999  Meeting of
the  Board of  Trustees.  The  dividend  will be paid on  December  15,  1999 to
shareholders of record as of December 6, 1999.

         The  Registrant  has  previously  paid a dividend of $1.20 per share at
the rate of $.40 per share for each of the first  three  calendar  quarters  for
fiscal year 1999.

          The  dividend  for  fiscal  year 1999 will be $2.25 per share upon the
payment of the fourth quarter dividend on December 15, 1999.

Disclosure Concerning Forward-Looking Statements
Certain  Statements in this 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 (the  "Securities  Act"), and Section 21E
of the  Securities  Exchange Act of 1934, as amended (the "Exchange  Act").  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 risk 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 commercial office space
and  residential  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


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

DATED: October 22, 1999