Monmouth Real Estate (MNR) Tops Q4 FFO by 9c/Share

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Go back to Monmouth Real Estate (MNR) Tops Q4 FFO by 9c/Share

Monmouth Real Estate Investment Corporation Reports Results For The Fiscal Year Ended And The Fourth Quarter Ended September 30, 2015

December 9, 2015 4:47 PM EST

FREEHOLD, N.J., Dec. 9, 2015 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Core Funds from Operations (Core FFO) of $35,276,000 or $0.60 per diluted share for the fiscal year ended September 30, 2015 as compared to $29,482,000 or $0.59 per diluted share for the fiscal year ended September 30, 2014.  Adjusted Funds from Operations (AFFO), for the fiscal year ended September 30, 2015 was $33,977,000 or $0.57 per diluted share versus $25,844,000 or $0.52 per diluted share for the fiscal year ended September 30, 2014. 

Core FFO for the three months ended September 30, 2015 was $9,180,000 or $0.15 per diluted share as compared to $7,676,000 or $0.14 per diluted... More