Monmouth Real Estate Investment Corporation (NYSE:MNR) is set to announce fourth quarter earning results on Monday 23rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MNR to report 4Q20 income of $ 0.04 per share.
For the full year, analysts anticipate top line of $ 141.40 million, while looking forward to loss of $ 0.4 per share bottom line.
Previous Quarter Performance
Monmouth Real Estate Investment Corporation reported income for the third quarter of $ 0.20 per share, from the revenue of $ 35.43 million. Wall street analysts are predicting, MNR to report 3Q20 income of $ 0.13 per share from revenue of $ 37.53 million. The bottom line results beat street analysts by $ 0.07 or 53.85 percent, at the same time, top line results fell short of analysts by $ 2.1 million or 5.6 percent.
Stock Performance
Shares of Monmouth Real Estate Investment Corporation traded low $ -0.21 or -1.42 percent on Friday, reaching $ 14.53 with volume of 458.20 thousand shares. Monmouth Real Estate Investment Corporation has traded high as $ 14.74 and has cracked $ 14.49 on the downward trend
According to the previous trading day, closing price of $ 14.53, representing a 75.06 % increase from the 52 week low of $ 8.42 and a 5.09 % 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.
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.
