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28.11.2016 22:40
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Monmouth Real Estate Investment Corporation Reports Results for the Fiscal Year Ended and the Fourth Quarter Ended September 30, 2016
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PR Newswire
FREEHOLD, N.J., Nov. 28, 2016
FREEHOLD, N.J., Nov. 28, 2016 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Net Income Attributable to Common Shareholders of $20,532,000 or $0.31 per diluted share for the fiscal year ended September 30, 2016 as compared to $16,999,000 or $0.29 per diluted share for the fiscal year ended September 30, 2015 representing an increase of 6.9%. Core Funds from Operations (Core FFO) were $50,271,000 or $0.77 per diluted share for the fiscal year ended September 30, 2016 as compared to $35,276,000 or $0.60 per diluted share for the fiscal year ended September 30, 2015 representing an increase in Core FFO per share of 28.3%. Adjusted Funds from Operations (AFFO), for the fiscal year ended September 30, 2016 were $45,865,000 or $0.70 per diluted share versus $33,977,000 or $0.57 per diluted share for the fiscal year ended September 30, 2015 representing an increase in AFFO per share of 22.8%.
Net Income Attributable to Common Shareholders for the three months ended September 30, 2016 was $4,685,000 or $0.07 per diluted share as compared to $8,036,000 or $0.13 per diluted share for the three months ended September 30, 2015 representing a decrease in Net Income Attributable to Common Shareholders per share of 46.2%. Core FFO for the three months ended September 30, 2016 was $14,993,000 or $0.22 per diluted share as compared to $9,180,000 or $0.15 per diluted share for the three months ended September 30, 2015 representing an increase in Core FFO per share of 46.7%. AFFO for the three months ended September 30, 2016 was $11,964,000 or $0.18 per diluted share versus $9,159,000 or $0.15 per diluted share for the three months ended September 30, 2015 representing an increase in AFFO per share of 20.0%.
A summary of significant financial information for the three and twelve months ended September 30, 2016 and 2015 is as follows:
| | | Three Months Ended September 30, | ||
| | | 2016 | | 2015 |
| Rental Revenue | $ | 22,127,000 | $ | 18,168,000 |
| Reimbursement Revenue | $ | 3,449,000 | $ | 2,400,000 |
| Net Operating Income (NOI) (1) | $ | 21,845,000 | $ | 17,732,000 |
| Total Expenses | $ | 13,943,000 | $ | 10,875,000 |
| Dividend and Interest Income | $ | 1,566,000 | $ | 853,000 |
| Gain on Sale of Securities Transactions, net | $ | 3,239,000 | $ | 428,000 |
| Net Income | $ | 10,193,000 | $ | 10,188,000 |
| Net Income Attributable to Common Shareholders | $ | 4,685,000 | $ | 8,036,000 |
| Net Income Attributable to Common Shareholders Per Diluted Common Share | $ | 0.07 | $ | 0.13 |
| Core FFO (1) | $ | 14,993,000 | $ | 9,180,000 |
| Core FFO per Diluted Common Share (1) | $ | 0.22 | $ | 0.15 |
| AFFO (1) | $ | 11,964,000 | $ | 9,159,000 |
| AFFO per Diluted Common Share (1) | $ | 0.18 | $ | 0.15 |
| Dividends Declared per Common Share | $ | 0.16 | $ | 0.15 |
| Weighted Avg. Diluted Common Shares Outstanding | | 68,159,000 | | 60,514,000 |
| | | Twelve Months Ended September 30, | ||
| | | 2016 | | 2015 |
| Rental Revenue | $ | 81,592,000 | $ | 67,059,000 |
| Reimbursement Revenue | $ | 13,324,000 | $ | 10,716,000 |
| Lease Termination Income | $ | - Werbung Mehr Nachrichten zur Monmouth Real Estate Investment Corporation Aktie kostenlos abonnieren
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