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08.02.2017 22:25
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Monmouth Real Estate Reports Results For The First Quarter Ended December 31, 2016
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PR Newswire
FREEHOLD, N.J., Feb. 8, 2017
FREEHOLD, N.J., Feb. 8, 2017 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $6,156,000 or $0.09 per diluted share for the three months ended December 31, 2016 as compared to $4,787,000 or $0.08 per diluted share for the three months ended December 31, 2015 representing an increase per share of 13%. Core Funds from Operations (Core FFO) were $13,857,000 or $0.20 per diluted share for the three months ended December 31, 2016 as compared to $11,012,000 or $0.17 per diluted share for the three months ended December 31, 2015 representing an increase in Core FFO per share of 18%. Adjusted Funds from Operations (AFFO), for the three months ended December 31, 2016 were $12,939,000 or $0.19 per diluted share versus $10,725,000 or $0.17 per diluted share for the three months ended December 31, 2015 representing an increase in AFFO per share of 12%.
A summary of significant financial information for the three months ended December 31, 2016 and 2015 is as follows:
| | | Three Months Ended December 31, | ||
| | | 2016 | | 2015 |
| Rental Revenue | $ | 23,281,000 | $ | 19,065,000 |
| Reimbursement Revenue | $ | 3,901,000 | $ | 3,194,000 |
| Net Operating Income (NOI) (1) | $ | 22,980,000 | $ | 18,656,000 |
| Total Expenses | $ | 13,263,000 | $ | 11,167,000 |
| Dividend and Interest Income | $ | 1,292,000 | $ | 1,185,000 |
| Gain on Sale of Securities Transactions, net | $ | 806,000 | $ | 8,000 |
| Net Income | $ | 9,854,000 | $ | 6,939,000 |
| Net Income Attributable to Common Shareholders | $ | 6,156,000 | $ | 4,787,000 |
| Net Income Attributable to Common Shareholders Per Diluted Common Share | $ | 0.09 | $ | 0.08 |
| Core FFO (1) | $ | 13,857,000 | $ | 11,012,000 |
| Core FFO per Diluted Common Share (1) | $ | 0.20 | $ | 0.17 |
| AFFO (1) | $ | 12,939,000 | $ | 10,725,000 |
| AFFO per Diluted Common Share (1) | $ | 0.19 | $ | 0.17 |
| Dividends Declared per Common Share | $ | 0.16 | $ | 0.16 |
| | | | | |
| Weighted Avg. Diluted Common Shares Outstanding | | 69,830,000 | | 62,949,000 |
| | | | | |
A summary of significant balance sheet information as of December 31, 2016 and September 30, 2016 is as follows:
| | | December 31, 2016 | | September 30, 2016 |
| Net Real Estate Investments | $ | 1,069,045,000 | $ | 1,022,483,000 |
| Securities Available for Sale at Fair Value | $ | 74,321,000 | $ | 73,605,000 |
| Total Assets | $ | 1,209,680,000 | $ | 1,223,486,000 Werbung Mehr Nachrichten zur Monmouth Real Estate Investment Corporation Aktie kostenlos abonnieren
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