SCHEDULE: Director Hekemian Discloses 6.8% Stake in First Real Estate Trust

Director David B. Hekemian reported a 6.8% beneficial ownership stake in First Real Estate Investment Trust of New Jersey, holding 509,034 shares as of December 31, 2025.

Summary

• David B. Hekemian, a Director of First Real Estate Investment Trust of New Jersey, beneficially owns 509,034 shares of the company's Common Stock.
• This ownership represents 6.8% of the total 7,471,344 shares of Common Stock outstanding as of February 5, 2026.
• Hekemian holds sole voting and dispositive power over 216,152 shares, and shared voting and dispositive power over 213,662 shares.
• The filing is an Amendment No. 5 to a Schedule 13G, indicating ongoing disclosure of beneficial ownership.
• The securities were not acquired or held for the purpose of changing or influencing control of the issuer, other than activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this filing as moderately positive. The significant insider ownership by a director signals confidence and strong alignment of interests, which is generally reassuring for investors.

Positives

• A significant beneficial ownership stake (6.8%) by an insider (Director David B. Hekemian) suggests strong alignment of interests between management and shareholders.
• The certification that the shares are not held for the purpose of changing or influencing control indicates a passive investment stance, which can provide stability.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

StockSavvy.ai notes that insider ownership, particularly a significant stake by a director, can be a positive indicator in the real estate investment trust (REIT) sector. It suggests confidence in the company's property portfolio, management strategy, and long-term value, which is crucial for investors in a capital-intensive industry like real estate.

Comparison to Industry Standards

• A 6.8% beneficial ownership stake for an individual director is substantial and generally viewed favorably, as it aligns the director's financial interests with those of other shareholders.
• While specific comparable director ownership percentages vary widely across companies and industries, a stake of this magnitude often signals a strong commitment to the company's performance.

Stakeholder Impact

• Shareholders may view the significant insider ownership as a positive sign, indicating that a key member of management has a vested interest in the company's long-term success and performance.

Key Dates

Recommendation

The disclosure of a director's significant beneficial ownership stake is a positive signal for alignment of interests. However, this filing alone does not provide sufficient new financial or operational information to warrant a 'buy' or 'sell' recommendation. It reinforces a 'hold' position for investors who value strong insider commitment.

Keywords

First Real Estate Investment Trust of New Jersey, David B. Hekemian, Beneficial Ownership, Schedule 13G, Common Stock, Insider Ownership, Real Estate Investment Trust, REIT, Shareholder Stake