Monmouth Real Estate Investment Corporation (NYSE:MNR) is reporting third quarter earnings results on Tuesday 4th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.13 per share from $ 37.53 million in revenue.
For the full year, analysts predict revenues of $ 143.70 million, while looking forward to loss of $ 0.51 per share.
Previous Quarter Performance
Monmouth Real Estate Investment Corporation unwinded income for the second quarter of $ 0.20 per share, from the revenue of $ 35.11 million. The quarterly earnings contracted 23.08 percent compared with the same quarter last year. Street analysts expected Monmouth Real Estate Investment Corporation to report income of $ 0.09 per share on revenue of $ 37.73 million for the second quarter. The bottom line results beat street analysts by $ 0.11 or 122.22 percent, at the same time, top line results fell short of analysts by $ 2.62 million or 6.94 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MNR was $ 14.54, representing a 72.68 % increase from the 52 week low of $ 8.42 and a 6.37 % decrease over the 52 week high of $ 15.53.
The company has a market capital of $ 1.42 billion and is part of the Real Estate sector and REIT – Industrial industry.
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Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 114 properties containing a total of approximately 22.3 million rentable square feet, geographically diversified across 30 states.
