Monmouth Real Estate Reports Results For The Third Quarter Ended June 30, 2019
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Monmouth Real Estate (MNR) Reports In-Line Q3 EPS
August 1, 2019 5:20 PM EDTMonmouth Real Estate (NYSE: MNR) reported Q3 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $43.2 million versus the consensus estimate of $35.44 million.
Michael P. Landy, President and CEO, commented on the results for the third quarter of fiscal 2019,
"Our FFO per share decreased by $0.02 or 8.7% and our AFFO per share decreased by $0.01 or 4.5% from the prior year quarter. This decrease was primarily attributable to the timing impact of equity issuance over the past year as well as a 70-basis point reduction in our overall... More
