Printer Friendly

MONMOUTH REAL ESTATE INVESTMENT REPORTS YEAR-END EARNINGS

 MONMOUTH REAL ESTATE INVESTMENT REPORTS YEAR-END EARNINGS
 EATONTOWN, N.J., Nov. 26 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NASDAQ-NMS: MNRTA) today reported net income of $953,791, or $.45 a share, for the year ended Sept. 30, 1991, as compared to $955,985, or $.49 a share, for the year ended Sept. 30, 1990.
 Monmouth Real Estate Investment Corporation has a dividend policy of paying out 100 percent of its taxable income together with cash generated from operations. The next quarterly dividend will be $.125 a share, which is at the annual rate of $.50 a share. This dividend will be paid Dec. 16, 1991 to shareholders of record Nov. 15, 1991.
 A summary of significant financial information for the years ended Sept. 30, 1991 and 1990, for the quarters ended Sept. 30, 1991 and 1990, is as follows:
 MONMOUTH REAL ESTATE INVESTMENT CORPORATION
 Years ended Sept. 30; 1991 1990
 Gross income $2,732,280 $2,739,431
 Net income 953,791 955,985
 Wtd. average shares outstanding 2,101,457 1,939,193
 Earnings per share $.45 $.49
 Quarters ended Sept. 30;
 Gross income $ 739,821 $ 752,782
 Net income 245,566 237,525
 Wtd. average shares outstanding 2,177,932 1,996,565
 Earnings per share $.11 $.12
 Eugene W. Landy, president of the company, announced that the company's equity and liquidity improved in 1991. The company intends to acquire additional real properties in 1992 using its cash position and borrowing ability. Monmouth Real Estate Investment Corporation intends to concentrate on apartment building acquisitions.
 -0- 11/26/91
 /CONTACT: Rosemarie Faccone of Monmouth Real Estate Investment, 201-542-4927/
 (MNRTA) CO: Monmouth Real Estate Investment Corporation ST: New Jersey IN: SU: ERN


KD-JT -- NY081 -- 7498 11/26/91 16:54 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 26, 1991
Words:291
Previous Article:NUI CORPORATION REPORTS 1991 RESULTS
Next Article:WAXMAN INDUSTRIES, INC. DECLARES REGULAR QUARTERLY CASH DIVIDEND
Topics:


Related Articles
MONMOUTH REAL ESTATE INVESTMENT REPORTS FIRST QUARTER EARNINGS
MONMOUTH REAL ESTATE INVESTMENT REPORTS SIX-MONTH EARNINGS AND ANNOUNCES DIVIDEND
MONMOUTH REAL ESTATE INVESTMENT REPORTS NINE-MONTH EARNINGS AND DECLARES DIVIDEND
MONMOUTH REAL ESTATE INVESTMENT CORPORATION REPORTS SIX-MONTH EARNINGS
MONMOUTH CAPITAL CORPORATION COMPLETES CHANGE FROM INVESTMENT COMPANY STATUS TO OPERATING COMPANY
MONMOUTH REAL ESTATE INVESTMENT CORPORATION REPORTS YEAR-END EARNINGS
MONMOUTH CAPITAL CORPORATION REPORTS YEAR-END RESULTS
MONMOUTH REAL ESTATE INVESTMENT CORPORATION REPORTS YEAR-END EARNINGS
Monmouth Capital Corporation Declares Dividend.
Monmouth Capital Corporation Declares Dividend.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters