Monmouth Real Estate (MNR) Tops Q2 FFO by 11c

Go back to Monmouth Real Estate (MNR) Tops Q2 FFO by 11c

Monmouth Real Estate Investment Corporation Reports Results For The Second Quarter Ended March 31, 2016

May 4, 2016 4:34 PM EDT

FREEHOLD, N.J., May 4, 2016 /PRNewswire/ -- 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%. 

A... More