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Last $9.96 USD
Change Today +0.10 / 1.01%
Volume 250.4K
MNR On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

monmouth real estate inv cor (MNR) Snapshot

Open
$9.80
Previous Close
$9.86
Day High
$10.02
Day Low
$9.80
52 Week High
01/26/15 - $12.07
52 Week Low
06/15/15 - $9.30
Market Cap
582.0M
Average Volume 10 Days
323.9K
EPS TTM
$0.23
Shares Outstanding
58.4M
EX-Date
08/13/15
P/E TM
43.3x
Dividend
$0.60
Dividend Yield
6.02%
Current Stock Chart for MONMOUTH REAL ESTATE INV COR (MNR)

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monmouth real estate inv cor (MNR) Details

Monmouth Real Estate Investment Corporation (MREIC) is a real estate investment trust. It owns, manages, and leases properties to investment-grade tenants on long-term leases. The firm invests in the public equity and real estate markets of the United States. It primarily invests in industrial properties and holds a portfolio of REIT securities. Monmouth Real Estate Investment Corporation was founded in 1968 and is based in Freehold, New Jersey.

13 Employees
Last Reported Date: 12/10/14
Founded in 1968

monmouth real estate inv cor (MNR) Top Compensated Officers

Chief Executive Officer, President, and Direc...
Total Annual Compensation: $642.5K
Founder and Chairman
Total Annual Compensation: $475.0K
Chief Financial and Accounting Officer
Total Annual Compensation: $295.8K
General Counsel
Total Annual Compensation: $305.2K
Compensation as of Fiscal Year 2014.

monmouth real estate inv cor (MNR) Key Developments

Monmouth Real Estate Investment Corporation Declares Common and Preferred Dividends, Payable on September 15, 2015

On July 1, 2015, the Board of Directors of Monmouth Real Estate Investment Corporation declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable September 15, 2015, to shareholders of record at the close of business on August 17, 2015. The Company's annual dividend rate on its Common Stock is $0.60 per share. On July 1, 2015, the Board of Directors declared a dividend for the period commencing June 1, 2015 through August 31, 2015, of $0.4765625 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable September 15, 2015, to shareholders of record at the close of business on August 17, 2015. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Also on July 1, 2015, the Board of Directors declared a dividend for the period June 1, 2015 through August 31, 2015, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable September 15, 2015, to shareholders of record at the close of business on August 17, 2015. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875.

Monmouth Real Estate Investment Corporation Announces Executive Changes

Monmouth Real Estate Investment Corporation has announced that Susan M. Jordan has been promoted to the post of Vice President of Investor Relations and Richard P. Molke has been promoted to Vice President of Asset Management.

Monmouth Real Estate Investment Corp. Announces Earnings for the Second Quarter and Six Months Ended March 31, 2015

Monmouth Real Estate Investment Corp. announced earnings for the second quarter and six months ended March 31, 2015. For the quarter, the company reported rental revenue was $16,206,000 compared to $14,085,000 a year ago. Net operating income was $15,908,000 compared to $13,444,000 a year ago. Net income was $4,819,000 compared to $4,757,000 a year ago. Net income attributable to common shareholders was $2,667,000 or $0.04 per diluted share compared to $2,605,000 or $0.05 per diluted share a year ago. Core funds from operations (Core FFO) was $8,418,000 or $0.14 per diluted share as compared to $7,043,000 or $0.15 per diluted share for the three months ended March 31, 2014. Adjusted funds from operations (AFFO), was $8,138,000 or $0.14 per diluted share compared to $6,475,000 or $0.14 per diluted share for the three months ended March 31, 2014. For the six months, the company reported rental revenue was $31,636,000 compared to $27,656,000 a year ago. Net operating income was $30,594,000 compared to $26,529,000 a year ago. Net income was $10,242,000 compared to $9,047,000 a year ago. Net income attributable to common shareholders was $5,939,000 or $0.10 per diluted share compared to $4,744,000 or $0.10 per diluted share a year ago. Core funds from operations (Core FFO) was $17,052,000 or $0.29 per diluted share as compared to $13,911,000 or $0.30 per diluted share a year ago. Adjusted funds from operations (AFFO), was $15,993,000 or $0.28 per diluted share compared to $13,177,000 or $0.29 per diluted share a year ago.

 

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Industry Analysis

MNR

Industry Average

Valuation MNR Industry Range
Price/Earnings 44.3x
Price/Sales 8.3x
Price/Book 1.8x
Price/Cash Flow 15.2x
TEV/Sales 0.5x
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