Monmouth real estate investment corporation (MNR)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Sep'10
ASSETS
Real Estate Investments:
Land

245,096

244,138

239,299

236,497

236,497

236,496

224,719

203,651

197,974

193,562

187,224

184,998

168,082

168,082

162,110

156,625

144,885

141,185

133,500

125,660

123,409

115,624

109,858

106,345

106,337

106,205

97,400

94,210

92,470

92,466

88,559

87,524

86,109

85,309

82,115

82,129

76,650

Buildings and Improvements

1,721,612

1,702,924

1,627,219

1,603,423

1,600,972

1,598,894

1,494,859

1,402,366

1,342,261

1,290,476

1,244,691

1,188,576

1,056,125

1,055,810

995,489

941,092

874,477

852,201

807,509

777,670

738,170

698,856

634,068

607,572

601,319

597,658

530,493

515,649

499,445

497,149

457,557

450,727

441,331

426,573

394,815

390,480

371,518

Total Real Estate Investments

1,966,708

1,947,062

1,866,518

1,839,920

1,837,469

1,835,391

1,719,578

1,606,017

1,540,236

1,484,039

1,431,916

1,373,574

1,224,207

1,223,892

1,157,599

1,097,717

1,019,363

993,386

941,009

903,331

861,579

814,481

743,927

713,917

707,657

703,863

627,894

609,860

591,915

589,615

546,117

538,252

527,440

511,882

476,931

472,609

448,169

Accumulated Depreciation

272,372

260,963

249,584

238,757

228,092

217,503

207,065

197,433

188,310

179,492

171,086

169,226

161,947

154,847

144,496

142,289

136,359

130,573

124,898

121,373

116,274

111,488

107,004

102,874

98,883

94,908

91,095

87,814

84,620

81,351

78,230

76,326

73,493

70,671

67,908

66,473

58,581

Real Estate Investments

1,694,336

1,686,099

1,616,934

1,601,163

1,609,377

1,617,887

1,512,513

1,408,583

1,351,925

1,304,547

1,260,830

1,204,347

1,062,259

1,069,044

1,013,103

955,428

883,003

862,813

816,111

781,958

745,305

702,993

636,923

611,043

608,773

608,955

536,799

522,046

507,295

508,264

467,886

461,926

453,947

441,211

409,023

406,135

389,588

Real Estate Held for Sale

-

-

-

-

-

-

-

0

9,486

9,481

14,631

-

-

-

9,380

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,068

1,080

0

-

0

2,561

-

2,600

Cash and Cash Equivalents

35,913

16,383

20,179

13,631

16,358

12,768

9,324

6,892

12,470

10,755

10,226

11,749

22,951

30,722

95,749

6,886

9,934

12,926

12,073

14,051

25,501

15,300

20,474

42,715

10,702

8,452

12,404

13,130

20,130

10,284

24,650

47,444

11,556

8,717

6,376

7,719

6,814

Securities Available for Sale at Fair Value

99,035

181,841

185,250

171,040

177,359

145,810

154,921

167,594

144,630

130,431

123,764

100,495

99,405

74,321

73,604

82,638

68,646

61,032

54,541

48,854

52,506

51,530

59,311

60,642

53,465

53,595

45,451

46,769

52,264

66,786

61,685

46,343

44,068

44,949

44,265

48,501

42,517

Tenant and Other Receivables

3,688

7,475

1,335

662

1,702

6,673

1,249

845

1,743

5,385

1,753

1,148

977

2,289

1,444

1,577

1,148

1,397

783

729

1,118

2,528

1,312

418

679

3,562

889

1,508

3,068

2,642

1,116

34

1,326

1,335

1,018

840

647

Deferred Rent Receivable

12,340

11,788

11,199

10,762

10,373

10,022

9,656

9,203

8,772

8,391

8,049

7,739

7,478

7,226

6,917

5,723

6,027

5,514

5,205

4,923

4,622

4,091

3,759

3,467

3,532

3,349

3,158

3,106

2,937

2,362

2,214

1,842

1,759

1,690

1,661

1,643

1,574

Loans Receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

-

70

76

81

87

111

119

137

187

218

268

Prepaid Expenses

11,915

11,965

6,714

7,375

10,231

11,364

6,190

7,071

9,339

9,125

5,434

7,358

7,966

7,476

4,830

5,791

6,772

6,525

3,931

4,635

5,428

4,070

2,764

3,128

4,439

4,120

2,201

2,652

3,448

3,257

1,428

1,125

1,274

1,045

556

1,136

613

Intangible Assets, net of Accumulated Amortization of $16,701 and $15,686, respectively

16,456

16,611

14,970

14,981

15,471

15,976

14,590

13,364

11,934

10,811

10,010

8,608

5,758

5,999

5,816

6,079

5,554

5,791

6,115

6,395

6,725

6,637

6,490

6,844

7,197

7,550

6,727

7,086

7,485

7,885

7,635

8,098

8,472

6,844

5,757

5,494

5,835

Capitalized Lease Costs, net of Accumulated Amortization of $3,895 and $3,378, respectively

5,931

5,854

5,670

5,682

4,839

5,003

5,232

4,434

4,271

4,161

4,180

4,137

3,932

4,040

4,165

4,184

4,241

3,358

3,407

3,405

3,566

3,195

2,741

2,668

2,463

2,339

2,183

2,131

2,046

1,497

1,518

1,454

1,141

1,209

1,227

1,143

1,020

Financing Costs, net of Accumulated Amortization of $162 and $1,352, respectively

1,569

1,665

144

219

313

407

500

594

687

781

875

969

1,063

1,156

1,245

6,478

6,130

6,158

5,987

5,381

5,167

4,812

4,356

4,329

4,337

4,489

3,823

3,774

3,568

3,766

3,213

3,184

3,352

3,130

2,405

2,412

2,443

Other Assets

8,865

7,446

9,553

9,668

4,031

3,443

4,203

5,896

4,629

5,251

3,280

5,061

8,425

7,402

7,227

8,244

8,195

6,850

7,835

6,177

5,477

5,307

5,622

4,135

1,932

1,384

3,600

3,319

2,450

2,137

1,988

1,452

1,633

1,233

1,945

1,336

193

TOTAL ASSETS

1,890,048

1,947,127

1,871,948

1,835,183

1,850,054

1,829,356

1,718,378

1,624,480

1,559,891

1,499,124

1,443,037

1,351,618

1,220,219

1,209,680

1,223,485

1,083,033

999,655

972,369

915,991

876,511

855,420

800,466

743,756

739,391

697,525

697,861

617,240

605,595

604,773

610,034

574,507

573,016

528,651

511,506

476,986

476,583

454,118

LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Fixed Rate Mortgage Notes Payable, net of Unamortized Debt Issuance Costs

779,742

784,048

744,928

734,095

754,123

771,705

711,546

657,083

632,051

612,651

591,364

554,486

477,598

505,574

477,476

440,352

406,425

400,720

373,991

365,066

347,168

324,458

287,796

279,866

286,688

292,253

250,093

247,615

251,352

256,286

237,943

235,730

233,639

222,385

211,614

210,428

210,577

Subordinated Convertible Debentures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,615

8,790

8,790

8,790

8,915

8,940

13,990

Loans Payable

75,000

80,000

95,000

126,187

129,759

125,814

186,609

157,792

154,341

110,000

120,091

122,094

26,000

76,000

80,790

125,854

99,916

99,979

85,041

65,101

65,161

40,190

25,200

25,200

47,431

51,277

22,200

17,200

17,200

27,707

5,200

5,200

13,700

19,455

16,860

12,288

9,273

Accounts Payable and Accrued Expenses

4,257

4,022

3,570

3,775

2,654

3,957

5,891

3,025

2,497

3,587

4,450

2,853

2,798

2,781

3,998

5,633

5,470

2,389

3,113

3,786

3,650

3,965

4,930

5,189

3,485

3,316

5,404

5,009

3,590

3,514

3,881

2,603

2,107

2,329

2,129

1,839

2,088

Other Liabilities

22,206

21,548

17,407

17,354

20,406

22,323

16,426

17,665

20,643

18,801

14,265

13,936

14,518

14,186

9,868

9,942

11,036

10,893

7,835

7,368

8,613

7,821

5,199

5,596

7,277

7,245

3,627

4,090

4,730

4,122

3,179

3,150

4,582

2,981

2,952

3,386

2,675

Preferred Stock Called for Redemption

-

-

-

-

-

-

-

-

-

-

-

0

0

0

53,493

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

881,205

889,618

860,905

881,411

906,942

923,800

920,472

835,567

809,533

745,041

730,172

693,371

520,914

598,542

625,627

581,783

522,849

513,982

469,981

441,323

424,594

376,435

323,125

315,852

344,883

354,093

281,325

273,916

276,872

291,631

258,820

255,474

262,819

255,941

242,472

236,883

238,606

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

0

-

-

Shareholders’ Equity:
6.125% Series C Cumulative Redeemable Preferred Stock, $0.01 Par Value Per Share: 21,900 and 16,400 Shares Authorized as of March 31, 2020 and September 30, 2019, respectively; 17,169 and 13,907 Shares Issued and Outstanding as of March 31, 2020 and September 30, 2019, respectively

429,215

391,643

347,678

312,660

299,230

288,311

287,200

-

-

-

245,986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,493

-

-

-

-

Common Stock, $0.01 Par Value Per Share: 200,000 and 188,040 Shares Authorized as of March 31, 2020 and September 30, 2019, respectively; 97,980 and 96,399 Shares Issued and Outstanding as of March 31, 2020 and September 30, 2019, respectively

980

976

964

952

939

923

815

801

788

772

756

738

705

705

689

672

655

637

621

604

589

578

570

563

473

461

444

432

422

414

406

402

402

396

367

359

339

Series A - 7.625% Cumulative Redeemable PreferredStock, $53,493,750 liquidation value; 2,139,750 SharesAuthorized, Issued and Outstanding as of December 31, 2011and September 30, 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,493

-

53,493

33,062

Excess Stock, $0.01 Par Value Per Share: 200,000 Shares Authorized as of March 31, 2020 and September 30, 2019; No Shares Issued or Outstanding as of March 31, 2020 and September 30, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Treasury Stock - at Cost, -0- and 5,000 Shares as of September 30, 2012 and 2011, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-24

24

24

Additional Paid-In Capital

578,648

664,890

662,401

640,160

642,943

616,321

534,635

518,994

503,309

485,469

459,552

438,742

418,713

407,737

391,726

377,695

363,096

350,415

339,837

326,119

317,963

312,000

308,945

308,045

237,925

231,874

222,487

216,111

210,561

203,359

198,902

201,294

207,698

201,478

179,392

177,272

170,743

Accumulated Other Comprehensive Loss

-

-

-

0

0

0

-24,744

-8,368

-31,124

-4,142

6,570

8,765

12,370

10,195

12,942

11,888

2,060

-3,659

-5,441

-2,530

1,278

458

121

3,936

3,249

439

1,989

4,142

5,922

3,635

5,383

4,851

4,597

1,256

2,368

9,745

10,116

Loans to Officers, Directors and Key Employees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

394

1,082

-1,082

1,171

1,201

Undistributed Income

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Total Shareholders’ Equity

1,008,843

1,057,509

1,011,043

953,772

943,112

905,556

797,906

788,913

750,357

754,083

712,865

658,246

699,305

611,137

597,858

501,250

476,806

458,386

446,010

435,187

430,825

424,031

420,631

423,539

352,641

343,768

335,914

331,679

327,900

318,402

315,687

317,541

265,797

255,542

234,514

239,674

213,034

Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35

22

-

25

2,477

Total Shareholders' Equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

265,832

255,565

-

239,699

215,512

TOTAL LIABILITIES & SHAREHOLDERS’ EQUITY

1,890,048

1,947,127

1,871,948

1,835,183

1,850,054

1,829,356

1,718,378

1,624,480

1,559,891

1,499,124

1,443,037

1,351,618

1,220,219

1,209,680

1,223,485

1,083,033

999,655

972,369

915,991

876,511

855,420

800,466

743,756

739,391

697,525

697,861

617,240

605,595

604,773

610,034

476,986

573,016

528,651

511,506

476,986

476,583

454,118