MNR - Monmouth Real Estate Investment Corporation

NYSE - NYSE Delayed Price. Currency in USD
15.40
+0.31 (+2.05%)
At close: 4:02PM EST
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Previous Close15.09
Open15.14
Bid15.15 x 800
Ask15.59 x 2200
Day's Range15.12 - 15.40
52 Week Range12.76 - 15.53
Volume383,224
Avg. Volume442,472
Market Cap1.509B
Beta (5Y Monthly)0.71
PE Ratio (TTM)31.17
EPS (TTM)0.49
Earnings DateMay 05, 2020
Forward Dividend & Yield0.68 (4.53%)
Ex-Dividend DateFeb 13, 2020
1y Target Est16.50
  • Thomson Reuters StreetEvents

    Edited Transcript of MNR earnings conference call or presentation 7-Feb-20 3:00pm GMT

    Q1 2020 Monmouth Real Estate Investment Corp Earnings Call

  • Monmouth Real Estate (MNR) Q1 FFO Miss Estimates
    Zacks

    Monmouth Real Estate (MNR) Q1 FFO Miss Estimates

    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?

  • PR Newswire

    Monmouth Real Estate Reports Results For The First Quarter Ended December 31, 2019

    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.

  • Monmouth Real Estate Investment (NYSE:MNR) Shareholders Booked A 25% Gain In The Last Five Years
    Simply Wall St.

    Monmouth Real Estate Investment (NYSE:MNR) Shareholders Booked A 25% Gain In The Last Five Years

    When you buy and hold a stock for the long term, you definitely want it to provide a positive return. But more than...

  • PR Newswire

    Monmouth Real Estate Announces Tax Treatment For 2019 Distributions

    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.

  • PR Newswire

    Monmouth Real Estate Declares Common And Preferred Dividends

    On January 16, 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 March 16, 2020, to shareholders of record at the close of business on February 18, 2020. The Company's annual dividend rate on its Common Stock is $0.68 per share.

  • PR Newswire

    Monmouth Real Estate Announces The Release Of Their Annual Report For Fiscal 2019

    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:

  • PR Newswire

    Monmouth Real Estate Will Host First Quarter 2020 Financial Results Webcast And Conference Call

    Monmouth Real Estate Investment Corporation (NYSE: MNR) will host its First Quarter 2020 Financial Results Webcast and Conference Call on Friday, February 7, 2020, at 10:00 a.m. Eastern Time. Senior management will discuss the results, current market conditions and future outlook at that time.

  • PR Newswire

    Monmouth Real Estate Announces Transition of General Counsel

    Monmouth Real Estate Investment Corporation (NYSE: MNR) ("Monmouth" or the "Company") announced that Allison Nagelberg, the Company's General Counsel, will be retiring from the Company effective December 31, 2019. Ms. Nagelberg has been a highly respected member of Monmouth's executive team for nearly twenty years. Chairman, Eugene Landy, commented, "Allison has represented Monmouth with integrity, devotion and an uncompromising work ethic for two decades. During Allison's tenure as General Counsel, she has played a critical role in the Company's success. We thank Allison for her two decades of service and wish her every success in all of her future endeavors."

  • Here is What Hedge Funds Think About Monmouth Real Estate Investment Corporation (MNR)
    Insider Monkey

    Here is What Hedge Funds Think About Monmouth Real Estate Investment Corporation (MNR)

    How do you pick the next stock to invest in? One way would be to spend days of research browsing through thousands of publicly traded companies. However, an easier way is to look at the stocks that smart money investors are collectively bullish on. Hedge funds and other institutional investors usually invest large amounts of […]

  • Is Monmouth Real Estate Investment Corporation's (NYSE:MNR) CEO Pay Justified?
    Simply Wall St.

    Is Monmouth Real Estate Investment Corporation's (NYSE:MNR) CEO Pay Justified?

    Michael Landy became the CEO of Monmouth Real Estate Investment Corporation (NYSE:MNR) in 2013. This report will...

  • Thomson Reuters StreetEvents

    Edited Transcript of MNR earnings conference call or presentation 26-Nov-19 3:00pm GMT

    Q4 2019 Monmouth Real Estate Investment Corp Earnings Call

  • Monmouth Real Estate (MNR) Q4 FFO Miss Estimates
    Zacks

    Monmouth Real Estate (MNR) Q4 FFO Miss Estimates

    Monmouth (MNR) delivered FFO and revenue surprises of -4.55% and 0.94%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • PR Newswire

    Monmouth Real Estate Reports Results For The Fiscal Year Ended And The Fourth Quarter Ended September 30, 2019

    Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $11.0 million or $0.12 per diluted share for the fiscal year ended September 30, 2019 as compared to Net Income Attributable to Common Shareholders of $38.8 million or $0.49 per diluted share for the fiscal year ended September 30, 2018, representing a decrease of $0.37 per share. The decrease in our Net Income Attributable to Common Shareholders this year was primarily due to the implementation of a new accounting rule requiring that unrealized gains and losses resulting from our securities investments be reflected on our income statement. During the fiscal year 2019, we recognized $24.7 million of unrealized losses or $0.26 per diluted share. Prior to the adoption of the rule, unrealized gains and losses were reflected as a change in our shareholders' equity. During fiscal year 2018, we reported realized gains of $7.6 million or $0.10 per diluted share, including realized gains of $7.5 million from the sale of real estate and $111,000 from the sale of securities. Excluding all non-cash unrealized losses and realized gains, our Net Income Attributable to Common Shareholders for the fiscal year 2019 would have been $35.7 million or $0.38 per diluted share as compared to $31.2 million or $0.40 per diluted share for the fiscal year ended September 30, 2018, representing a decrease of $0.02. Funds from Operations (FFO), which exclude unrealized gains or losses from our securities portfolio, for the fiscal year ended September 30, 2019 were $81.2 million or $0.87 per diluted share versus $69.8 million or $0.89 per diluted share for the fiscal year ended September 30, 2018, representing a decrease in FFO per share of $0.02. Adjusted Funds from Operations (AFFO), which also exclude unrealized and realized gains or losses from our securities portfolio, for the fiscal year ended September 30, 2019 were $79.7 million or $0.85 per diluted share versus $68.4 million or $0.87 per diluted share for the fiscal year ended September 30, 2018, representing a decrease in AFFO per share of $0.02.

  • PR Newswire

    Monmouth Real Estate Investment Corporation Increases And Extends Its Unsecured Revolving Credit Facility

    HOLMDEL, N.J. , Nov. 18, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) (" Monmouth " or the "Company") today announced that on November 15, 2019 it entered ...

  • PR Newswire

    Monmouth Real Estate Announces Transition Of VP Of Investor Relations

    HOLMDEL, N.J., Oct. 28, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (MNR) ("Monmouth" or the "Company") announced that Susan Jordan, the Company's Vice-President of Investor Relations, will be retiring from the Company effective December 31, 2019. Ms. Jordan has been a member of Monmouth's management team for seventeen years. President and CEO, Michael Landy, stated: "Susan has been an integral part of our Company for nearly two decades.  Her work ethic, integrity and collegiality have been crucial to Monmouth's success. Susan will be greatly missed by everyone at the Company, as well as by the many investors and other stakeholders who have worked with Susan during her tenure at Monmouth.

  • Hedge Funds Have Never Been This Bullish On Monmouth Real Estate Investment Corporation (MNR)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Monmouth Real Estate Investment Corporation (MNR)

    We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]

  • How Trading Your Own Retirement Can Fleece Your Financial Future - October 28, 2019
    Zacks

    How Trading Your Own Retirement Can Fleece Your Financial Future - October 28, 2019

    From understanding your risk tolerance to maintaining emotional control, achieving your retirement goals takes a much different investing approach than regular stock trading.

  • Want To Retire Early? Learn the Intelligent Investing Secret - October 21, 2019
    Zacks

    Want To Retire Early? Learn the Intelligent Investing Secret - October 21, 2019

    Accomplishing the financial cushion to retire early is a fantasy for most, but bringing that fantasy to reality is not as difficult as it sounds. If you are willing to make some serious lifestyle adjustments, it can be achievable.

  • PR Newswire

    Monmouth Real Estate Will Make Its 21st Consecutive Annual Investor Presentation To The Philadelphia Securities Association

    HOLMDEL, N.J. , Oct. 18, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) announced that it will present to the Philadelphia Securities Association (PSA) on Wednesday, October ...

  • What Kind Of Shareholders Own Monmouth Real Estate Investment Corporation (NYSE:MNR)?
    Simply Wall St.

    What Kind Of Shareholders Own Monmouth Real Estate Investment Corporation (NYSE:MNR)?

    If you want to know who really controls Monmouth Real Estate Investment Corporation (NYSE:MNR), then you'll have to...

  • PR Newswire

    Monmouth Real Estate Announces New Acquisition In The Indianapolis, IN MSA

    HOLMDEL, N.J. , Oct. 10, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a new 615,747 square foot industrial building located at 1151 S. ...

  • PR Newswire

    Monmouth Real Estate Will Host Fourth Quarter And Fiscal Yearend 2019 Financial Results Webcast And Conference Call

    HOLMDEL, N.J. , Oct. 7, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) will host its Fourth Quarter and Fiscal Yearend 2019 Financial Results Webcast and Conference Call on ...

  • Monmouth Real Estate Moves Headquarters To Landmark New Jersey Bell Works Building
    PR Newswire

    Monmouth Real Estate Moves Headquarters To Landmark New Jersey Bell Works Building

    HOLMDEL, N.J. , Sept. 18, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) announced today that it has moved its headquarters to the renowned Bell Works complex located at 101 ...