Monmouth Real Estate Investment Corp | REIT Profile

Symbol: MNR
CIK: 67625
Exchange: NYSE
Founded: 1968 (54 years)
HQ: Freehold Township, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Industrial

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Overall Score: 8.4

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day January 20, 2022


Open Price: $20.91
Closing Price: $20.9
Price Change: N/A (N/A)
Lowest Price: $20.89
Highest Price: $20.93

52-Week Low: $16.54
52-Week High: $21.05
52-Week Change: 20.97%

5 Day Price Change: -0.05%
1 Month Price Change: -0.24%
3 Month Price Change: 10.31%
6 Month Price Change: 10.55%
YTD Price Change: -0.52%
1 Year Price Change: 24.36%
2 Year Price Change: 55.54%
5 Year Price Change: 76.03%

Dividend of Trading Day January 20, 2022


Dividend Yield: 3.445%*
Annualized Dividend: $0.72*
Dividend Yield (TTM): 3.399%
Annualized Dividend (TTM): $0.7103
Ex-Dividend Date: 2021-11-12
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day January 20, 2022


Total Cash: $384,246,000
Current Debt: $16,462,000
Revenue: $365,512,000
Gross Profit: $365,512,000
Total Revenue: $365,512,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $289,242,000
Revenue Per Share: $4
Revenue Per Employee: N/A
Employee: 14
Debt to Equity Ratio (D/E): 2.02
Profit Margin: 0.24%
Enterprise Value (EV): $3,837,382,583
Enterprise Value to Revenue (EV/R): 10.50
Price to Sales (P/S): 5.63
Price to Book (P/B): 1.89
Price/Earnings-to-Growth (PEG) Ratio: 0.06
P/E Ratio: 22.98
P/E High: 30.08
P/E Low: 23.70
Forward P/E Ratio: 61.53
Market Capitalization: $2,055,293,794
Beta: 0.33
Latest Volume: 690,623
Avg. Total Volume: 677,870
Avg. 10-Day Volume: 857,439
Avg. 30-Day Volume: 677,870
TTM EPS: 0.91
Shares Outstanding: 98,339,416
Float: N/A
50-Day Moving Avg.: $20.95
200-Day Moving Avg.: $19.55

Latest REIT Community Comments on #MNR


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Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $14.61 per share you would have been able to buy 68 shares of MNR on 2021-01-21 costing $993.48 @ $14.61 per share you would have been able to buy 34 shares of MNR on 2021-01-21 costing $496.74 @ $14.61 per share you would have been able to buy 17 shares of MNR on 2021-01-21 costing $248.37 @ $14.61 per share you would have been able to buy 6 shares of MNR on 2021-01-21 costing $87.66 @ $14.61 per share you would have been able to buy 3 shares of MNR on 2021-01-21 costing $43.83
Current worth On 2022-01-20 these 68 shares would be worth $1,421.20 @ $20.90 On 2022-01-20 these 34 shares would be worth $710.60 @ $20.90 On 2022-01-20 these 17 shares would be worth $355.30 @ $20.90 On 2022-01-20 these 6 shares would be worth $125.40 @ $20.90 On 2022-01-20 these 3 shares would be worth $62.70 @ $20.90
Dividends earned $48.96 in dividends would have been earned since 2021-01-21 with 68 shares. $24 in dividends would have been earned since 2021-01-21 with 34 shares. $12.24 in dividends would have been earned since 2021-01-21 with 17 shares. $4.32 in dividends would have been earned since 2021-01-21 with 6 shares. $2.16 in dividends would have been earned since 2021-01-21 with 34 shares.
Net (gain / loss)* 476.68 USD 238.34 USD 119.17 USD 42.06 USD 21.03 USD
ROI** 47.98% 47.98% 47.98% 47.98% 47.98%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by MNR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
MNR 2021-11-12 0.180 --- 2021-10-01 2021-11-15 2021-12-15
MNR 2021-08-13 0.180 --- 2021-07-01 2021-08-16 2021-09-15
MNR 2021-05-14 0.180 --- 2021-04-01 2021-05-17 2021-06-15
MNR 2021-02-12 0.180 5.88% 2021-01-14 2021-02-16 2021-03-15
MNR 2020-11-13 0.170 --- 2020-10-01 2020-11-16 2020-12-15
MNR 2020-08-14 0.170 --- 2020-07-01 2020-08-17 2020-09-15
MNR 2020-05-14 0.170 --- 2020-04-01 2020-05-15 2020-06-15
MNR 2020-02-14 0.170 --- 2020-01-17 2020-02-18 2020-03-16
MNR 2019-11-14 0.170 --- 2019-10-01 2019-11-15 2019-12-16
MNR 2019-08-14 0.170 --- 2019-07-01 2019-08-15 2019-09-16
MNR 2019-05-14 0.170 --- 2019-04-02 2019-05-15 2019-06-17
MNR 2019-02-14 0.170 --- 2019-01-17 2019-02-15 2019-03-15
MNR 2018-11-14 0.170 --- 2018-10-01 2018-11-15 2018-12-17
MNR 2018-08-14 0.170 --- 2018-07-02 2018-08-15 2018-09-17
MNR 2018-05-14 0.170 --- 2018-04-02 2018-05-15 2018-06-15
MNR 2018-02-14 0.170 --- 2018-01-18 2018-02-15 2018-03-15
MNR 2017-11-14 0.170 6.25% 2017-10-02 2017-11-15 2017-12-15
MNR 2017-08-11 0.160 --- 2017-07-03 2017-08-15 2017-09-15
MNR 2017-05-11 0.160 --- 2017-04-04 2017-05-15 2017-06-15
MNR 2017-02-13 0.160 --- 2017-01-18 2017-02-15 2017-03-15

Financial Statements Overview


The next Earnings Report for MNR is 2022-02-03

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Current Cash 384,246,000 239,278,000 151,037,000 155,572,000
Receivables 41,524,000 18,267,000 17,118,000 17,441,000
Inventory 0 0 0 0
Current Assets 442,774,000 266,736,000 2,072,988,000 2,088,953,000
Current Assets (Other) 17,004,000 9,191,000 13,206,000 12,100,000
Short Term Investments 17,004,000 9,191,000 1,904,833,000 1,915,940,000
Long-term Investments 3,988,992,000 1,911,342,000 35,428,000 33,248,000
Property, Plant & Equipment Net 3,915,404,000 1,876,906,000 0 0
Goodwill 0 0 0 0
Intangible Assets 41,918,000 19,939,000 20,563,000 21,163,000
Other Assets 31,670,000 14,497,000 14,865,000 12,085,000
Net Tangible Assets 1,048,270,000 566,268,000 565,897,000 555,149,000
Total Assets 4,431,766,000 2,178,078,000 2,108,416,000 2,122,201,000
Accounts Payable 0 0 0 0
Liabilities (Other) 61,468,000 22,705,000 26,450,000 27,980,000
Current Liabilities (Other) 16,462,000 5,532,000 4,642,000 5,022,000
Total Current Liabilities 16,462,000 170,532,000 79,642,000 80,022,000
Current Long-term Debt 0 165,000,000 75,000,000 75,000,000
Long-term Debt 2,164,368,000 848,994,000 866,224,000 888,247,000
Total Liabilities 2,242,298,000 1,042,231,000 972,316,000 996,249,000
Minority Interest 0 0 0 0
Common Stock 196,614,000 98,302,000 98,298,000 98,105,000
Retained Earnings 0 0 0 0
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,189,468,000 1,135,847,000 1,136,100,000 1,125,952,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Total Revenue 92,874,000 45,994,000 46,365,000 43,960,000
Cost of Revenue 0 0 0 0
Gross Profit 92,874,000 45,994,000 46,365,000 43,960,000
Research and Development 0 0 0 0
Selling General and Admin 5,488,000 2,246,000 2,091,000 2,272,000
Operating Expense 47,852,000 23,383,000 23,677,000 22,213,000
Operating Income 45,022,000 22,611,000 22,688,000 21,747,000
Income Expense Net (Other) -12,752,000 6,376,000 0 0
EBIT 32,270,000 28,987,000 22,688,000 21,747,000
Interest Income 19,298,000 9,685,000 9,387,000 9,159,000
Pretax Income -31,336,000 28,602,000 34,329,000 33,916,000
Income Tax 0 0 0 0
Minority Interest 204,000 2,894,000 0 0
Net Income -48,374,000 17,292,000 25,913,000 25,746,000
Net Income Basic -48,374,000 17,292,000 25,913,000 25,746,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-09-30 2021-06-30 2021-03-31 2020-12-31
Net Income -48,374,000 17,292,000 25,913,000 25,746,000
Depreciation 29,058,000 14,414,000 27,505,000 13,217,000
Changes in Receivables 41,524,000 18,267,000 17,118,000 17,441,000
Changes in Inventories 0 0 0 0
Cash Change 384,246,000 239,278,000 151,037,000 155,572,000
Cash Flow 16,080,000 22,342,000 24,734,000 29,692,000
Capital Expenditures -184,652,000 -2,338,000 -174,128,000 -172,824,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -185,142,000 8,265,000 13,263,000 -166,774,000
Dividends Paid 0 0 0 0
Net Borrowings 1,763,118,000 765,525,000 -1,114,646,000 -1,108,265,000
Cash Flow Financing 84,506,000 40,906,000 -47,894,000 142,845,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Monmouth Real Estate Investment Corp


Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the U.S. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 108 properties containing a total of approximately 18.8 million rentable square feet, geographically diversified across 30 states. In addition, the Company owns a portfolio of REIT securities.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
5 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
10 Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. 8.8
10 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
8 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 7.7
6 AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.3
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.0
Rating Leverage Section Avg. Rating
7 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
6 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
10 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.4
8 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
8.4 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-21 - v2.9