Monmouth Real Estate Investment Corp [Acquired] | REIT Profile
Symbol: MNR
new symbol: ILPT
CIK: 67625
Exchange: NYSE
Founded: 1968
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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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.
REITMovers
REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $20.98 | $21.00 | $20.97 | $20.97 | $20.98 | $20.98 | 2,364,482 | -$0.01 | -0.02% | $2,065,751,862 | 67.88 | $21.10 | $16.85 | -0.17% |
Last update: 2022-02-25 12:58:00 PST
Latest News Headlines
- Industrial Logistics Properties Trust - Industrial Logistics Properties Trust Completes Acquisition of Monmouth Real Estate Investment Corporation - 28 Feb 2022 06:01:52 -0600
- Industrial Logistics Properties Trust - Industrial Logistics Properties Trust to Acquire Monmouth Real Estate Investment Corporation for $4.0 Billion - 5 Nov 2021 05:00:35 -0500
- Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS - 1 Oct 2020 16:17:13 -0400
- Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN OKLAHOMA CITY, OK - 15 Sep 2020 16:17:19 -0400
- Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE THIRD QUARTER ENDED JUNE 30, 2020 - 4 Aug 2020 16:27:35 -0400
Latest REIT Community Comments on #MNR
- Yes, I profited nicely on having bought #MNR shares in the past, and seeing the price increase on this deal news. I’m not sure if I should cash out now, or wait to receive #EQC shares, not sure how great a return #EQC share may be long term, I need to look more into it. - Gekko5 - 2021-05-06 11:06:56 - See full comment
- I never expected this merger between #EQC and #MNR. Equity Commonwealth is more focused on office properties while Monmouth focuses more on warehouses and industrial properties. It will be interesting to how this merger plays out. - zREITs - 2021-05-04 23:43:17 - See full comment
- Very cool #MNR! Good job climbing quick! - Muchomas - 2020-12-21 21:17:35 - See full comment
Properties Owned by MNR
Sample of REIT’s Properties. Image Source - REIT’s website
Related Information
| Material | Source | Description |
|---|---|---|
| Industrial Logistics Properties Trust Completes Acquisition of Monmouth Real Estate Investment Corporation (2022-02-28) | BUSINESS WIRE | NEWTON, Mass.--(BUSINESS WIRE)-- Industrial Logistics Properties Trust (Nasdaq: ILPT) today announced that it has completed its acquisition of Monmouth Real Estate Investment Corporation (NYSE: MNR) for $21.00 per share in an all-cash transaction, valued at approximately $4.0 billion, including committed MNR acquisitions, transaction costs and the assumption of approximately $323 million of debt. This transaction was approved by MNR’s shareholders on February 17, 2022 and closed on February 25, 2022. The MNR portfolio includes 126 Class A, single tenant, net leased, e-commerce focused industrial properties containing over 26 million square feet of space with a weighted average lease term of approximately eight years that was 99.7% occupied and over 80.0% leased to investment grade rated tenants as of February 25, 2022. ILPT expects the MNR portfolio to generate annualized rental revenues of approximately $175 million in 2022 and expects the transaction to be accretive to normalized funds from operations, or Normalized FFO, per share. |
Related REITs
| REIT | REITRating™ Score | Exchange | Market Capitalization | Sector | Country |
|---|---|---|---|---|---|
| Duke Realty Corporation (DRE) | 8.9 | NYSE | Large-Cap | Industrial | United States |
| First Industrial Realty Trust, Inc. (FR) | 9.1 | NYSE | Mid-Cap | Industrial | United States |
| Urstadt Biddle Properties, Inc. (UBA) | 7.8 | NYSE | Small-Cap | Retail Diversified Health Care Specialty | United States |
| One Liberty Properties, Inc. (OLP) | 7.2 | NYSE | Small-Cap | Industrial Office Retail Diversified Health Care | United States |
Last updated: 2022-09-27 - v3.5