Key Developments: Monmouth Real Estate Investment Corp (MNR)
10.16USD
18 Jun 2013
$0.15 (+1.50%)
$10.01
$9.98
$10.21
$9.93
164,899
130,714
$11.92
$9.54
Latest Key Developments (Source: Significant Developments)
Monmouth Real Estate Investment Corp Announces New Acquisition
Monmouth Real Estate Investment Corp announced the acquisition of a new built to suit 103,402 square foot industrial building located at 1935 Blue Hills Drive, Roanoke, VA at a purchase price of $10,200,000. The property is net-leased for 10 years to FedEx Ground Package System, Inc., a Delaware corporation. The building is situated on approximately 22 acres. Full Article
Monmouth Real Estate Investment Corp Announces Board Changes-Form 8-K
Monmouth Real Estate Investment Corp reported in its Form 8-K that on April 9, 2013, the Board of Directors of the Company appointed Michael P. Landy as President and Chief Executive Officer (CEO). In addition to his new role, Michael Landy will continue to serve as Chairman of the Company’s Executive Committee and as a member of the Company’s Board of Directors. Michael Landy succeeds Eugene W. Landy, his father, who has been President and Chief Executive Officer since 1968 and is the Founder of the Company. Eugene W. Landy continues to serve as Chairman of the Board of Directors. Full Article
Monmouth Real Estate Investment Corp Declares Common And Preferred Dividends
Monmouth Real Estate Investment Corp announced that it has declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable June 17, 2013, to shareholders of record at the close of business on May 15, 2013. The Company's annual dividend rate on its Common Stock is $0.60 per share. On April 9, 2013, the Board of Directors declared a dividend for the period commencing March 1, 2013 through May 31, 2013, of $0.4765625 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable June 17, 2013, to shareholders of record at the close of business on May 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Also on April 9, 2013, the Board of Directors declared a dividend for the period March 1, 2013 through May 31, 2013, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable June 17, 2013, to shareholders of record at the close of business on May 15, 2013. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875. Full Article
Monmouth Real Estate Investment Corp Declares Common And Preferred Dividends
Monmouth Real Estate Investment Corp announced that it has declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. The Company's annual dividend rate on its Common Stock is $0.60 per share. On January 16, 2013, the Board of Directors declared a dividend for the period commencing December 1, 2012 through February 28, 2013, of $0.4765625 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Also on January 16, 2013, the Board of Directors declared a dividend for the period December 1, 2012 through February 28, 2013, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable March 15, 2013, to shareholders of record at the close of business on February 15, 2013. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875. Full Article
Monmouth Real Estate Investment Corp Announces New Acquisition
Monmouth Real Estate Investment Corp announced the acquisition of a 615,305 square foot industrial building located at 12385 Crossroads Drive, Olive Branch, DeSota County, Mississippi, at a purchase price of $28,000,000. The property is net-leased for 10 years to Milwaukee Electric Tool Corporation and is guaranteed by their parent company, Techtronic Industries Company Limited. The building is situated on approximately 39 acres. Monmouth financed this acquisition with $17.5 million in mortgage debt with an interest rate of 3.76%. This building is designed for LEED certification and is expandable by an additional 215,000 square feet. Full Article
Monmouth Real Estate Investment Corp Declares Common and Preferred Dividends
Monmouth Real Estate Investment Corp announced that it declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable December 17, 2012, to shareholders of record at the close of business on November 15, 2012. The Company's annual dividend rate on its Common Stock is $0.60 per share. On October 1, 2012, the Board of Directors declared a dividend for the period commencing September 1, 2012 through November 30, 2012, of $0.4765625 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable December 17, 2012, to shareholders of record at the close of business on November 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Also on October 1, 2012, the Board of Directors declared a dividend for the period September 1, 2012 through November 30, 2012, of $0.4921875 per share on the Company's 7.875% Series B Cumulative Redeemable Preferred Stock payable December 17, 2012, to shareholders of record at the close of business on November 15, 2012. Series B preferred share dividends are cumulative and payable quarterly at an annual rate of $1.96875. Full Article
Monmouth Real Estate Investment Corp Announces New Acquisition
Monmouth Real Estate Investment Corp announced the acquisition of a 102,594 square foot industrial building located at 685 Alliance Parkway, McClennan County, Waco, Texas, at a purchase price of $8,733,000. The property is net-leased for 10 years to FedEx Ground Package System, Inc., a Delaware corporation. The building is situated on approximately 17 acres and has expansion capabilities. This is a brand new construction by Jones Development Company. Full Article
Monmouth Real Estate Investment Corp Declares Common And Preferred Dividends
Monmouth Real Estate Investment Corp announced that it has declared its quarterly cash dividend on the Company's Common Stock of $0.15 per share payable September 17, 2012, to shareholders of record at the close of business on August 15, 2012. The Company's annual dividend rate on its Common Stock is $0.60 per share. On July 9, 2012, the Board of Directors declared a dividend for the period commencing June 1, 2012 through August 31, 2012, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable September 17, 2012, to shareholders of record at the close of business on August 15, 2012. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share. Full Article
Monmouth Real Estate Investment Corp Announces New Chief Financial Officer
Monmouth Real Estate Investment Corp announced that Kevin S. Miller has been appointed by the board of directors to serve as Chief Financial Officer, effective July 2, 2012. Mr. Miller has been serving as the Company's Chief Accounting Officer since May 7, 2012, and will continue as Chief Accounting Officer in addition to his new responsibilities. Full Article
Monmouth Real Estate Investment Corp Announces New Acquisition
Monmouth Real Estate Investment Corp announced the acquisition on June 8, 2012, of a 119,912 square foot industrial building located at 2710 South West 18 Street, Oklahoma County, Oklahoma City, Oklahoma, at a purchase price of $9,453,000. The property is net-leased for 10 years to FedEx Ground Package System, Inc., a Delaware corporation. Full Article
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