Monmouth Real Estate (MNR) Reports Q1 FFO of $0.21

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Go back to Monmouth Real Estate (MNR) Reports Q1 FFO of $0.21

Monmouth Real Estate Reports Results For The First Quarter Ended December 31, 2019

February 6, 2020 4:25 PM EST

HOLMDEL, N.J., Feb. 6, 2020 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Net Income Attributable to Common Shareholders of $3.5 million or $0.04 per diluted share for the three months ended December 31, 2019 as compared to Net Loss Attributable to Common Shareholders of $32.4 million or $0.36 per diluted share for the three months ended December 31, 2018, representing an increase of $35.9 million or $0.40 per diluted share.  The large increase in our net income was due to an accounting rule change which became effective at the beginning of our prior fiscal year, in which unrealized... More