FirstRealEstateInvestmentTrustofNewJerseyInc_OTC_FREVS_2008.pdf

1、FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY2008 ANNUAL REPORTFront Cover:(1)Apartments at Rockaway (2)Westridge Square Shopping Center (3)Palisades Manor Apartments(4)The Rotunda (artist rendering of proposed center)(5)Preakness Shopping Center (6)Westwood Hills Apartments (7)Damascus Shopping

2、Center (8)The Pierre Apartments12345687Our Company,Our VisionSince 1961,First Real Estate Investment Trust of New Jersey(FREIT)has been an equity real estate investment trust that takes pride in its investment portfolio.Whether apartment communities,shopping centers and commercial buildings,or mixed

3、-use developments,every project we invest in is for the long-term.This is our focus.We conduct our operations in compliance with the requirements for qualifying as a real estate investment trust pursuant to the Federal Internal Revenue Code.As a result,we receive favorable tax treatment as provided

4、under the tax code.FREIT has recorded a profit and has paid dividends to its shareholders during each year since its founding.Our impressive record of performance over the last four decades is a tribute to the outstanding efforts made by Hekemian&Co.,Inc.,a real estate management and brokerage compa

5、ny that has managed FREITs assets since its inception.Our offices are located at Corporate 505,505 Main Street,Hackensack,New Jersey.ContentsFiscal 2008 Financial Highlights 1Message to Our Shareholders 2Graphs 4Property Holdings 5 Form 10-K 7Corporate Information back coverFiscal 2008 Financial Hig

6、hlights 1Message to Our Shareholders 2Graphs 4Property Holdings 5 Form 10-K 7Corporate Information back coverFiscal 2008 Financial HighlightsAs At October 31,20082007200620052004Total Assets$241,756$242,755$234,786$214,998$190,575 Mortgage Loans$192,352$189,389$180,679$166,874$148,244 Shareholders E