Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long- term leases, primarily to investment-grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 121 properties containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. The Company's occupancy rate as of this date is 99.7%.
Company profile
Ticker
MNR-PC, MNR-PC
Exchange
Website
CEO
Michael Landy
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Monmouth Capital Corporation • MRC I LLC • MREIC Financial, Inc. • Palmer Terrace Realty Associates, LLC • Wheeling Partners, LLC • MREIC South Carolina, LLC • MREIC Illinois, LLC • MREIC Lebanon, Tennessee, LLC • MREIC Edinburg TX, LLC • MREIC El Paso, LLC ...
IRS number
221897375
MNR-PC stock data
Latest filings (excl ownership)
15-12B
Securities registration termination
10 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
EFFECT
Notice of effectiveness
9 Mar 22
S-3DPOS
Registration of securities, dividend or interest reinvestment plans, immediately effective (post-effective amendment)
3 Mar 22
S-8 POS
Registration of securities for employees (post-effective amendment)
3 Mar 22
Transcripts
MNR-PC
Earnings call transcript
2021 Q1
5 Feb 21
MNR-PC
Earnings call transcript
2020 Q4
24 Nov 20
MNR-PC
Earnings call transcript
2020 Q3
5 Aug 20
MNR-PC
Earnings call transcript
2020 Q2
7 May 20
MNR-PC
Earnings call transcript
2020 Q1
7 Feb 20
MNR-PC
Earnings call transcript
2019 Q4
26 Nov 19
MNR-PC
Earnings call transcript
2019 Q3
2 Aug 19
MNR-PC
Earnings call transcript
2019 Q2
10 May 19
MNR-PC
Earnings call transcript
2019 Q1
8 Feb 19
MNR-PC
Earnings call transcript
2018 Q4
29 Nov 18
Latest ownership filings
Financial summary
| Quarter (USD) | Dec 21 | Sep 21 | Jun 21 | Mar 21 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Sep 21 | Sep 20 | Sep 19 | Sep 18 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 17.71 mm | 17.71 mm | 17.71 mm | 17.71 mm | 17.71 mm | 17.71 mm |
| Cash burn (monthly) | 10.30 mm | 963.92 k | 12.35 mm | 12.00 mm | (no burn) | (no burn) |
| Cash used (since last report) | 133.10 mm | 12.45 mm | 159.60 mm | 155.07 mm | n/a | n/a |
| Cash remaining | -115.39 mm | 5.26 mm | -141.88 mm | -137.35 mm | n/a | n/a |
| Runway (months of cash) | -11.2 | 5.5 | -11.5 | -11.4 | n/a | n/a |
Institutional ownership, Q4 2021
75.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 239 |
| Opened positions | 52 |
| Closed positions | 39 |
| Increased positions | 62 |
| Reduced positions | 83 |
| 13F shares | Current |
|---|---|
| Total value | 1.57 bn |
| Total shares | 74.53 mm |
| Total puts | 28.50 k |
| Total calls | 52.80 k |
| Total put/call ratio | 0.5 |
| Largest owners | Shares | Value |
|---|---|---|
| Vanguard | 9.77 mm | $205.34 mm |
| BLK Blackrock | 9.50 mm | $199.49 mm |
| STT State Street | 4.01 mm | $84.16 mm |
| Millennium Management | 3.26 mm | $68.51 mm |
| BAC Bank Of America | 2.95 mm | $61.88 mm |
| Water Island Capital | 2.63 mm | $55.33 mm |
| FMR | 2.21 mm | $46.48 mm |
| Arp Americas | 1.96 mm | $41.20 mm |
| Geode Capital Management | 1.86 mm | $39.13 mm |
| Dimensional Fund Advisors | 1.58 mm | $33.20 mm |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 Feb 22 | UMH Properties | Common Stock | Other | Dispose J | No | No | 0 | 2,656,256.11 | 0.00 | 0 |
| 25 Feb 22 | Landy Michael P | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 53,000 | 0.00 | 0 |
| 25 Feb 22 | Landy Michael P | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 95,171.676 | 0.00 | 0 |
| 25 Feb 22 | Landy Michael P | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 94,860.436 | 0.00 | 0 |
| 25 Feb 22 | Landy Michael P | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 42,586.623 | 0.00 | 0 |
| 25 Feb 22 | Landy Michael P | Common Stock | Sale back to company | Dispose D | No | No | 0 | 522,251.949 | 0.00 | 0 |
| 25 Feb 22 | Landy Eugene W | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 201,426.819 | 0.00 | 0 |
| 25 Feb 22 | Landy Eugene W | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 168,293.62 | 0.00 | 0 |
| 25 Feb 22 | Landy Eugene W | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 13,048 | 0.00 | 0 |
| 25 Feb 22 | Landy Eugene W | Common Stock | Sale back to company | Dispose D | Yes | No | 0 | 97,913.57 | 0.00 | 0 |