Monmouth real estate investment corporation (MNR)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Rental Revenue

132,524

115,864

97,660

81,592

67,059

55,512

46,880

43,273

40,234

37,323

34,085

Reimbursement Revenue

25,998

23,298

18,725

16,163

10,716

9,160

7,726

7,094

7,906

7,889

7,233

Lease Termination Income

0

210

0

0

238

1,182

690

3,222

0

0

-

TOTAL INCOME

158,522

139,372

116,385

97,755

78,014

65,855

55,297

53,591

48,141

45,212

41,318

EXPENSES:
Real Estate Taxes

20,711

18,596

15,267

13,294

8,362

7,605

5,864

5,750

7,211

7,098

6,586

Operating Expenses

6,616

5,794

4,887

4,273

4,127

3,711

3,363

3,081

2,424

2,149

1,847

General & Administrative Expenses

9,081

8,776

7,809

7,936

6,305

5,709

4,982

4,644

3,880

3,735

2,782

Acquisition Costs

0

0

179

730

1,546

481

514

667

425

459

0

Non-recurring Severance Expense

-

-

-

-

-

-

-

965

275

0

-

Depreciation

43,020

36,176

29,635

24,055

19,705

15,908

12,864

11,392

10,274

9,282

8,553

Amortization of Capitalized Lease Costs and Intangible Assets

2,870

2,391

1,825

2,032

2,067

1,810

2,018

1,808

1,397

-

-

TOTAL EXPENSES

82,298

71,733

59,602

52,322

42,114

35,228

29,609

28,310

25,888

22,725

21,338

OTHER INCOME (EXPENSE):
Dividend Income

15,168

13,121

6,930

5,616

3,723

3,882

3,885

3,358

3,100

2,510

2,502

Amortization

-

-

-

-

-

-

-

-

-

1,639

1,568

Gain on Sale of Securities Transactions

0

111

2,312

4,398

805

2,166

7,133

6,044

5,238

2,609

-6,601

Unrealized Holding Gains (Losses) Arising During the Periods

24,680

0

0

-

-

-

-

-

-

-

-

Interest Expense, including Amortization of Financing Costs

36,912

32,350

25,754

22,953

19,844

-

-

-

-

-

-

Interest Expense

-

-

-

-

-

16,104

14,956

15,352

14,870

14,822

13,897

Amortization of Financing Costs

-

-

-

-

-

725

647

630

457

-

-

TOTAL OTHER INCOME (EXPENSE)

-46,424

-19,118

-16,512

-12,938

-15,314

-10,781

-4,584

-6,580

-6,989

-11,341

-17,996

INCOME FROM OPERATIONS

29,800

48,521

40,271

32,494

20,584

19,845

21,103

18,699

15,263

11,145

1,983

Gain on Sale of Real Estate Investments

0

7,485

0

0

5,021

0

0

-

-

-

-

Income from Discontinued Operations

-

-

-

-

-

-

291

-15

154

-138

-176

NET INCOME

-

-

-

-

-

-

-

-

-

-

1,806

Less: Net Income Attributable to Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

153

NET INCOME (LOSS)

29,800

56,006

40,271

32,494

25,605

19,845

21,395

18,684

15,418

11,007

1,652

Less: Preferred Dividends

18,774

17,191

14,862

9,020

8,607

8,607

8,607

5,513

4,079

2,521

2,521

Less: Redemption of Preferred Stock

0

0

2,467

2,942

0

0

-

-

-

-

-

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS

11,026

38,815

22,942

20,531

16,998

11,238

12,788

13,171

11,338

8,486

-868

BASIC INCOME (LOSS) – PER SHARE
Income from Continuing Operations

-

-

-

-

-

-

0.49

0.47

0.44

0.36

0.07

Income from Discontinued Operations

-

-

-

-

-

-

0.01

0.00

0.00

0.00

0.00

Net Income (Loss)

0.32

0.71

0.56

0.50

0.43

0.40

0.50

0.47

0.44

0.36

0.07

Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.00

Net Income Attributable to MREIC's Shareholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.07

Less: Preferred Dividends

-0.20

-0.22

-0.21

0.14

-0.14

-0.17

-0.20

-0.14

-0.12

-0.08

0.10

Less: Redemption of Preferred Stock

0.00

0.00

-0.03

0.05

0.00

0.00

-

-

-

-

-

Net Income (Loss) Attributable to Common Shareholders - Basic

0.12

0.49

0.32

0.31

0.29

0.23

0.30

0.33

0.32

0.28

-0.03

DILUTED INCOME (LOSS) – PER SHARE
Income from Continuing Operations

-

-

-

-

-

-

0.49

0.47

0.44

0.36

0.07

Income from Discontinued Operations

-

-

-

-

-

-

0.01

0.00

0.00

0.00

0.00

Net Income (Loss)

0.32

0.71

0.56

0.50

0.43

0.40

0.50

0.47

0.44

0.36

0.07

Less: Preferred Dividends

-0.20

-0.22

-0.21

-0.14

-0.14

-0.17

-0.20

-0.14

-0.12

-0.08

-

Less: Redemption of Preferred Stock

0.00

0.00

-0.03

-0.05

0.00

0.00

-

-

-

-

-

Less: Net Income Attributable to Noncontrolling Interests (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.00

Net Income Attributable to MREIC's Shareholders (in dollars per share)

-

-

-

-

-

-

-

-

-

-

0.07

Less: Preferred Dividend (in dollars per share)

-0.20

-0.22

-0.21

0.14

-0.14

-

-

-

-

-

0.10

Net Income (Loss) Attributable to Common Shareholders - Diluted

0.12

0.49

0.32

0.31

0.29

0.23

0.30

0.33

0.32

0.28

-0.03

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING (in thousands)
Basic

93,387

78,619

72,114

65,468

59,085

49,829

42,275

39,660

35,083

30,371

24,981

Diluted

93,485

78,802

72,250

65,558

59,201

49,925

42,432

39,819

35,131

30,382

24,988