Holmdel, NJ, May 27, 2020 -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced that Michael P. Landy, President and Chief Executive Officer, Kevin Miller,.
Monmouth Real Estate Investment Corporation (NYSE: MNR) ("Monmouth" or the "Company") announced that its 2019 Annual Report is now available on the Company's website at:
Monmouth Real Estate Investment Corporation (NYSE: MNR) will host its Second Quarter 2020 Financial Results Webcast and Conference Call on Thursday, May 7, 2020, at 10:00 a.m. Eastern Time. Senior management will discuss the results, current market conditions and future outlook at that time.
On April 1, 2020, the Board of Directors of Monmouth Real Estate Investment Corporation (NYSE: MNR) declared its quarterly cash dividend on the Company's Common Stock of $0.17 per share payable June 15, 2020, to shareholders of record at the close of business on May 15, 2020. The Company's annual dividend rate on its Common Stock is $0.68 per share.
Most readers would already be aware that Monmouth Real Estate Investment's (NYSE:MNR) stock increased significantly by...
Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the tax treatment of its 2019 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth's common and preferred shares during the calendar year ended December 31, 2019.
Monmouth Real Estate Investment Corporation (MNR) today announced that, as a result of the public health threat caused by COVID-19 in the United States and to support the health and safety of employees, stockholders, directors and its community, its 2020 Annual Meeting of Stockholders (the “Annual Meeting”) will be held solely by means of remote communication, via live audio webcast, at its originally-scheduled date and time at 4:00 p.m., Eastern Daylight Time, on May 14, 2020. This year, stockholders will not be able to physically attend the Annual Meeting, but stockholders attending the Annual Meeting virtually will have opportunities to vote and ask questions equivalent to in-person meetings of stockholders. To attend the virtual Annual Meeting, stockholders must register in advance at http://viewproxy.com/mreic/2020 by 11:59 p.m., Eastern Daylight Time, on May 11, 2020.
HOLMDEL, NJ, May 06, 2020 -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Loss Attributable to Common Shareholders of $75.1 million or $0.77 per diluted.
Monmouth's (MNR) fourth high-quality acquisition so far in fiscal 2020 is in Utah and the company is seeking to fortify its presence there.
Q1 2020 Monmouth Real Estate Investment Corp Earnings Call
Last week saw the newest second-quarter earnings release from Monmouth Real Estate Investment Corporation (NYSE:MNR...
Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Net Income Attributable to Common Shareholders of $3.5 million or $0.04 per diluted share for the three months ended December 31, 2019 as compared to Net Loss Attributable to Common Shareholders of $32.4 million or $0.36 per diluted share for the three months ended December 31, 2018, representing an increase of $35.9 million or $0.40 per diluted share. The large increase in our net income was due to an accounting rule change which became effective at the beginning of our prior fiscal year, in which unrealized gains and losses in our securities investments are reflected on our income statement. During the three months ended December 31, 2019, we recognized a $3.6 million unrealized loss or $0.04 per diluted share as compared to a $42.6 million unrealized loss or $0.47 per diluted share for the three months ended December 31, 2018. Funds from Operations (FFO), which excludes unrealized and realized gains or losses from our securities portfolio, for the three months ended December 31, 2019 were $19.3 million or $0.20 per diluted share versus $21.4 million or $0.24 per diluted share for the three months ended December 31, 2018, representing a $0.04 decrease in FFO per diluted share. Adjusted Funds from Operations (AFFO), which also excludes unrealized and realized gains or losses from our securities portfolio, for the three months ended December 31, 2019 were $19.9 million or $0.21 per diluted share versus $21.0 million or $0.23 per diluted share for the three months ended December 31, 2018, representing a $0.02 decrease in AFFO per diluted share. The $0.02 decrease in AFFO per share was primarily attributable to the issuance of $103.3 million in preferred equity since the end of the prior year quarter not being fully deployed, which increased our preferred dividend expense by $1.7 million or $0.02 per diluted share, as well as a reduction in dividend income of $1.1 million or $0.01 per diluted share, partially offset by an increase in Net Operating Income of $2.1 million or $0.02 per diluted share.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...
MNR earnings call for the period ending March 31, 2020.
Monmouth's (MNR) third high-quality acquisition so far in fiscal 2020 is net-leased to FedEx Ground Packaging System, which plays a key role in keeping supply chains moving.
Q2 2020 Monmouth Real Estate Investment Corp Earnings Call
Monmouth (MNR) delivered FFO and revenue surprises of -4.55% and 0.14%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
Holmdel, New Jersey, May 26, 2020 -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 69,734 square foot LEED-certified.
Holmdel, New Jersey, May 21, 2020 -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 286,281 square foot industrial building.
Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a new 153,000 square foot industrial building located at 747 Mill Park Drive, Lancaster, OH at a purchase price of $17,874,148. The property is net-leased for 10 years to Magna Seating of America, Inc., a division of Magna International. The building is situated on approximately 24.5 acres.