Monmouth Real Estate (MNR) Tops Q1 FFO by 1c
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Monmouth Real Estate Reports Results For The First Quarter Ended December 31, 2018
February 7, 2019 4:22 PM ESTFREEHOLD, N.J., Feb. 7, 2019 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) reported Net Loss Attributable to Common Shareholders of $(32,364,000) or $(0.36) per diluted share for the three months ended December 31, 2018 as compared to Net Income Attributable to Common Shareholders of $13,313,000 or $0.17 per diluted share for the three months ended December 31, 2017, representing a per share decrease of 311.8%. The large decrease in our net income this quarter was primarily due to the implementation of a new accounting rule requiring that unrealized gains and losses resulting from our securities investments be reflected... More
