Monmouth Real Estate (MNR) Reports Q4 EPS of $0.10, Revenues Beat

Monmouth Real Estate (NYSE: MNR) reported Q4 EPS of $0.10, versus $0.00 reported last year. Revenue for the quarter came in at $36.6 million versus the consensus estimate of $31.46 million.

Michael P. Landy, President and CEO, commented on the results for the fiscal year 2018, "Fiscal 2018 was a very productive year for Monmouth. We executed exceptionally well and our achievements were many. Mr. Landy stated, "On behalf of the hard-working team at Monmouth, I am happy to report these excellent results. The above metrics reflect a strong Company that has continued to enhance its position over the year. Our business model of investing in well-located, modern industrial buildings, leased primarily to investment-grade tenants, has provided our shareholders with reliable returns throughout the business cycle. The high-quality of our portfolio is evidenced by our sector-leading 99.6% occupancy rate."

For earnings history and earnings-related data on Monmouth Real Estate (MNR) click here.

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