SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20594
FORM 10-Q/A
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended April 30, 1995 Commission File No. 2-48728
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
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(exact name of registrant as specified in its charter)
New Jersey 22-1697095
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(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
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 201-488-6400
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Former name, former address and former fiscal year,
if changed since last report.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the registrant
was required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes [ X ] No [ ]
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FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY
INDEX
Part I: Financial Information
Item 2: Management's Discussion and Analysis of
Financial Condition and Results of Operations
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ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF
OPERATIONS AND FINANCIAL CONDITION
The following discussion should be read in conjunction with
the attached financial statements and notes thereto, and the Registrants audited
financial statements and notes thereto for Fiscal Year ended October 31, 1994.
Results of Operations
The earnings per share from the Registrant's regular
operations were $.36 for the Second Quarter 1995 as compared to $.32 for the
Second Quarter 1994. The increase reflects additional rental income received
from the same properties held by the Registrant in 1994 together with additional
income received from the Westwood Hills, LLC which was acquired in June 1994.
The earnings for the Second Quarter 1995 are in line with management's
expectations and the Registrant's prior earnings history.
The earnings per share for the first six months of fiscal
1995 was $.80 as opposed to $.69 for the first six months of 1994 reflecting,
primarily, the contribution of Westwood Hills LLC to the income of the
Registrant.
Financial Condition
The Registrant continues to generate sufficient cash to meet
all of its operational needs including all anticipated dividends.
On April 11, 1995 the Registrant's Dividend Re-Investment
and Stock Purchase Plan (the "Plan") was declared effective by the United States
Securities and Exchange Commission. The Registrant is in the process of securing
all necessary approvals from the various states where shareholders of the
Registrant reside in order to activate the Plan. Management anticipates that the
Plan will be in effect for the third quarter 1995 dividend which will be paid in
September, 1995. While Management anticipates that the Plan will make a positive
contribution to the Registrant's cash flow, the extent of that contribution to
the cash flow cannot be determined at the present time because there is no
experience with the Plan; the Registrant cannot estimate the level of
participation in the Plan by its shareholders.
