Monmouth Real Estate (MNR) Tops Q2 FFO by 11c
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Monmouth Real Estate Investment Corporation Reports Results For The Second Quarter Ended March 31, 2016
May 4, 2016 4:34 PM EDTFREEHOLD, N.J., May 4, 2016 /PRNewswire/ --Â Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Core Funds from Operations (Core FFO) of $11,514,000 or $0.18 per diluted share for the three months ended March 31, 2016 as compared to $8,418,000 or $0.14 per diluted share for the three months ended March 31, 2015 representing an increase in Core FFO per share of 28.6%. Adjusted Funds from Operations (AFFO), for the three months ended March 31, 2016 was $10,745,000 or $0.17 per diluted share versus $8,138,000 or $0.14 per diluted share for the three months ended March 31, 2015 representing an increase in AFFO per share of 21.4%.Â
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