GTJ REIT, INC. 8-K

What Happened GTJ REIT, Inc. filed an 8-K on June 3, 2026 announcing it redeemed 76,365 shares of common stock at $26.19 per share for aggregate consideration of $1,999,999.35 under its Amended and Restated Share Redemption Program. Redemption requests received exceeded the Program’s $2 million-per-calendar-year limit, so the Company honored requests on a pro rata basis and gave priority to requests based on death or disability in accordance with the Program.

Key Details

• Redeemed shares: 76,365 shares
• Redemption price: $26.19 per share
• Total redeemed: $1,999,999.35 (reaching the $2.0M annual cap)
• Date of redemption: June 3, 2026
• Program limits: $2 million aggregate redemptions per calendar year; semi-annual periods are June 1–Nov 30 and Dec 1–May 31
• Impact on timing: Because the $2M limit is met for 2026, no further redemptions will occur in the next semi-annual period (June 1–Nov 30, 2026); redemptions will resume for Dec 1, 2026–May 31, 2027. Any unsatisfied redemption requests will be treated as requests for the next semi-annual period unless withdrawn.

Why It Matters This filing affects shareholder liquidity: holders seeking to sell shares back to the Company under the redemption program may not have their requests satisfied until the next redemption window (Dec 1, 2026–May 31, 2027) if the $2M cap has been reached. The redemption price of $26.19 provides a recent reference point for share value used by the Company, and the pro rata treatment means some shareholders had only partial redemptions honored.