|Bid||25.72 x 1400|
|Ask||25.73 x 800|
|Day's Range||25.40 - 25.76|
|52 Week Range||25.40 - 30.31|
|Beta (5Y Monthly)||0.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 26, 2021 - Nov 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 30, 2020|
|1y Target Est||28.75|
Sam Zell is a real estate visionary. Zell famously sold his first office REIT, Equity Office Properties, to private equity giant Blackstone Group (NYSE: BX) right before the commercial real estate market collapsed during the financial crisis. Now, Zell has his sights on another property type that he believes will be very rewarding in the coming years: industrial real estate.
Real estate moguls Sam Zell and Barry Sternlicht's battle for industrial real estate investment trust (REIT) Monmouth Real Estate Investment (NYSE: MNR) has ended. Monmouth shareholders rejected a sweetened cash-and-stock merger proposal from Zell's Equity Commonwealth (NYSE: EQC). As a result, Equity Commonwealth terminated its merger agreement with Monmouth.
(Bloomberg) -- Sam Zell’s offer to buy Monmouth Real Estate Investment Corp. for $2.8 billion, including debt, was rejected at a special meeting of shareholders Tuesday. Monmouth said in a statement that the preliminary figures show Zell’s Equity Commonwealth fell short of the necessary support to proceed with the transaction, confirming an earlier report by Bloomberg News. Zell’s firm had been competing in a months-long battle to acquire the industrial real estate company with Starwood Capital