Monmouth Real Estate (MNR) Reports Q4 EPS of $0.10, Revenues Beat

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Go back to Monmouth Real Estate (MNR) Reports Q4 EPS of $0.10, Revenues Beat

Monmouth Real Estate Reports Results For The Fiscal Year Ended And The Fourth Quarter Ended September 30, 2018

November 28, 2018 4:22 PM EST

FREEHOLD, N.J., Nov. 28, 2018 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Net Income Attributable to Common Shareholders of $38,815,000 or $0.49 per diluted share for the fiscal year ended September 30, 2018 as compared to $22,942,000 or $0.32 per diluted share for the fiscal year ended September 30, 2017, representing an increase in Net Income Attributable to Common Shareholders per share of 53.1%.  The increase in Net Income Attributable to Common Shareholders was mostly attributable to the $18,541,000 increase in Net Operating Income (NOI).  Funds From Operations (FFO) were $69,842,000 or $0.89 per diluted share for the fiscal year ended September 30,... More