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MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(MNR)
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Monmouth Real Estate Investment : MREIC Declares Common and Preferred Divi...

04/01/2021 | 04:44pm EDT

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

BELL WORKS

101 CRAWFORDS CORNER ROAD

SUITE 1405

HOLMDEL, NEW JERSEY 07733

A Public REIT Since 1968

____

INTERNET:

OFFICE:

EMAIL:

www.mreic.reit

(732) 577-9996

mreic@mreic.com

FOR IMMEDIATE RELEASE

April 1, 2021

Contact: Becky Coleridge

732-577-9996

MONMOUTH REAL ESTATE DECLARES

COMMON AND PREFERRED DIVIDENDS

HOLMDEL, NJ, April 1, 2021…...On April 1, 2021, the Board of Directors of Monmouth

Real Estate Investment Corporation (NYSE:MNR) declared its quarterly cash dividend on the Company's Common Stock of $0.18 per share payable June 15, 2021, to shareholders of record at the close of business on May 17, 2021. The Company's annual dividend rate on its Common Stock is $0.72 per share.

Also on April 1, 2021, the Board of Directors declared a dividend for the period March 1, 2021 through May 31, 2021, of $0.3828125 per share on the Company's 6.125% Series C Cumulative Redeemable Preferred Stock payable June 15, 2021 to shareholders of record as of the close of business on May 17, 2021. Series C preferred share dividends are cumulative and payable quarterly at an annual rate of $1.53125.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. 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 121 properties containing a total of approximately 24.6 million rentable square feet, geographically diversified across 31 states. The Company's occupancy rate as of this date is 99.7%.

######

Disclaimer

Monmouth Real Estate Investment Corporation published this content on 01 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2021 20:43:06 UTC.


© Publicnow 2021
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Financials (USD)
Sales 2021 186 M - -
Net income 2021 67,5 M - -
Net Debt 2021 - - -
P/E ratio 2021 30,0x
Yield 2021 3,74%
Capitalization 1 886 M 1 886 M -
Capi. / Sales 2021 10,2x
Capi. / Sales 2022 9,03x
Nbr of Employees 14
Free-Float 96,4%
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Technical analysis trends MONMOUTH REAL ESTATE INVESTMENT CORPORATION
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 19,19 $
Average target price 20,00 $
Spread / Average Target 4,22%
EPS Revisions
Managers and Directors
Michael P. Landy President, CEO & Executive Director
Kevin S. Miller CFO, Executive Director & Chief Accounting Officer
Eugene W. Landy Chairman
Matthew R. Santonocito Manager-Information Technology
Daniel D. Cronheim Independent Director
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