Monmouth Real Estate Investment Corp
Symbol: MNR
CIK: 67625
Exchange: NYSE
Founded: 1968 (52 years)
HQ: Freehold Township, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Industrial
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See MNR on SEC.gov
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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
Stock Chart
See in Advanced Graph ViewHightlights of Trading Day October 21, 2020
Closing Price: $14.39
Price Change: -0.03 (-0.208%)
Lowest Price: $14.2
Highest Price: $14.44
52-Week Low: $8.42
52-Week High: $15.53
52-Week Change: -2.24%
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Dividend of Trading Day October 21, 2020
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*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
- 1 Oct 2020 16:17:13 -0400 - Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS
- 15 Sep 2020 16:17:19 -0400 - Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN OKLAHOMA CITY, OK
- 4 Aug 2020 16:27:35 -0400 - Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE THIRD QUARTER ENDED JUNE 30, 2020
- 14 Jul 2020 16:17:20 -0400 - Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE ANNOUNCES ELECTION OF SONAL PANDE TO BOARD OF DIRECTORS
- 1 Jul 2020 16:17:37 -0400 - Monmouth Real Estate Investment Corporation Press Release: MONMOUTH REAL ESTATE DECLARES COMMON AND PREFERRED DIVIDENDS
Funds From Operations (FFO)
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Key Stats of Trading Day October 21, 2020
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Latest REIT Community Comments on #MNR
- AFFO payout rate is 85% for #MNR and paying a consistent dividend yield at 4.9%. Which I think is low for a small-cap reit, but decent for one in the industrial sector. - Atopp - 2020-10-01 20:02:56 - See full comment
- Keep growing #MNR you are on the correct path. - Kev B - 2020-09-15 22:23:12 - See full comment
- Here are some of the highlights I liked about #MNR in their Q1 report: • Maintained a weighted average lease term of 7.4 years • Maintained a weighted average debt maturity on fixed-rate mortgage debt of 11.3 years • Reduced Net Debt to Adjusted EBITDA to 5.7x from 6.4x in the prior year period • Reduced the weighted average interest rate on fixed-rate debt to 4.0% from 4.1% in the prior year period • Increased Gross Revenue by 8% over the prior year period to $45.1 million • Increased Net Operating Income by 8% over the prior year period to $35.0 million • Maintained a conservative AFFO dividend payout ratio of 85% • Increased our Gross Leasable Area (GLA) by 6% over the prior year period to 23.0 million square feet - Kev B - 2020-07-05 09:36:17 - See full comment
Properties Owned by MNR
Properties Based on REIT's Official Presentation
| Properties | Types | States | Countries |
|---|---|---|---|
| 113 | 1 | 30 | 1 |
Please visit REIT’s official webpage for the most up-to-date property list.
Sample of REIT’s Properties. Image Source - REIT’s website
Occupancy Rate
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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 |
|---|---|---|---|---|---|---|
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Financial Statements Overview
Balance Sheet (Quarterly)
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Income Statement (Quarterly)
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Cash Flow
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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 |
|---|---|---|
| 6 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 4.3 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 6.6 |
| 10 | Dividend to AFFO Payout Ratio Health: Analysis of the REIT’s Dividend to AFFO Payout Ratios during the last four quarters. | 8.9 |
| 10 | Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. | 6.8 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 8 | AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. | 8.4 |
| 7 | AFFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.8 |
| 9 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.2 |
| 9 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.8 |
| Rating | Leverage Section | Avg. Rating |
| 3 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 5.0 |
| 5 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.5 |
| 8 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 8.2 |
| 9 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.5 |
| 7 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 9 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 6.8 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 8 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 5.4 |
| 7 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.2 |
| Rating | Properties Section | Avg. Rating |
| 10 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.6 |
| 10 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 7.1 |
| 8 | Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. | 8.1 |
| Rating | Market Cap Section | Avg. Rating |
| 8 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 4.8 |
| 7.8 | Overall REITRating™ Score | 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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