Monmouth Real Estate (MNR) Reports Q1 results; offers outlook

Monmouth Real Estate (NYSE: MNR) reported Q1 Revenue for the quarter came in at $235 million versus the consensus estimate of $265.69 million.

OUTLOOK

2025 Outlook

Mach previously announced its 2025 outlook on November 12, 2024. Today the Company reaffirmed the operational portion of its outlook and lowered the interest expense midpoint by $22 million. In 2025, the Company plans to spend $260 million to $280 million in total capital for development, while upholding Mach’s targeted reinvestment rate of no more than 50% of operating cash flow. The 2025 forecast for total production is expected to range between 79 MBoe/d to 83 MBoe/d

For earnings history and earnings-related data on Monmouth Real Estate (MNR) click here.

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