First Real Estate Investment Trust of New Jersey Inc

First Real Estate Investment Trust of New Jersey, Inc. (OTC: FREVS) is a publicly traded real estate investment trust organized on November 1, 1961, making it one of the oldest continuously operating REITs in the United States. Incorporated in Maryland and headquartered in Hackensack, New Jersey, the company owns and operates a diversified portfolio of residential apartment communities and commercial properties concentrated primarily in northern New Jersey, with additional assets in New York. The company's long operating history spans more than six decades of real estate investment and management, encompassing multiple real estate market cycles, interest rate environments, and regional economic transitions.<br><br>The company's portfolio is organized into two primary segments: residential properties, consisting of apartment communities serving renters in northern New Jersey and the New York metropolitan area; and commercial properties, comprising retail and mixed-use assets in suburban New Jersey markets. Northern New Jersey's residential market benefits from proximity to New York City employment centers, strong demand from commuters, and relatively constrained housing supply in established suburban communities. The company's commercial properties serve local retail and service tenants in neighborhood and community shopping centers and similar formats that cater to daily needs consumers in the communities where the properties are located.<br><br>First Real Estate Investment Trust of New Jersey trades on OTC Pink Markets under the ticker symbol FREVS and files periodic reports with the Securities and Exchange Commission, providing investors with quarterly and annual disclosures regarding its financial performance, portfolio composition, and dividend distributions. As a REIT, the company is required to distribute at least 90% of its taxable income to shareholders annually in the form of dividends, making it an income-oriented investment vehicle for shareholders seeking real estate exposure combined with regular dividend distributions. The company's website is located at freitnj.com and provides additional information on its portfolio, management team, and investor relations activities.