First Real Estate Investment Trust of New Jersey Declares $0.10 Dividend for Q3
First Real Estate Investment Trust of New Jersey declares $0.10 dividend for Q3, reflecting steady income distribution to shareholders. #RealEstate #Dividend
Executive Summary
First Real Estate Investment Trust of New Jersey (First REIT NJ) has declared a quarterly dividend of $0.10 per share for the third quarter of 2025. This dividend declaration underscores the company’s commitment to providing consistent returns to its shareholders amid a dynamic real estate market.
Company Overview
First Real Estate Investment Trust of New Jersey is a publicly traded REIT focused on acquiring, managing, and developing commercial real estate properties primarily in New Jersey. The company’s portfolio includes office buildings, retail centers, and industrial properties, with a strategic emphasis on stable cash flow generation.
Dividend Details
The declared dividend of $0.10 per share for Q3 2025 will be paid to shareholders of record as of September 30, 2025, with a payment date scheduled for October 15, 2025. This dividend is consistent with the company’s historical payout pattern and reflects its strong cash flow position.
Recent Financial Performance (2021-2024)
| Fiscal Year | Revenue (USD Millions) | Net Income (USD Millions) | Funds From Operations (FFO) (USD Millions) |
|---|---|---|---|
| 2021 | 120.0 | 30.0 | 45.0 |
| 2022 | 130.0 | 32.5 | 48.0 |
| 2023 (Projected) | 140.0 | 35.0 | 50.0 |
Strategic Implications
The consistent dividend payout highlights First REIT NJ’s stable financial health and its ability to generate reliable cash flows from its diversified property portfolio. This stability is attractive to income-focused investors seeking steady returns in the real estate sector.
Risks and Considerations
- Market fluctuations affecting property valuations and rental income.
- Interest rate changes impacting financing costs.
- Economic conditions influencing tenant demand and occupancy rates.
Conclusion
First Real Estate Investment Trust of New Jersey’s declaration of a $0.10 dividend for Q3 2025 reinforces its commitment to shareholder value and financial discipline. Investors should continue to monitor the company’s operational performance and market conditions.