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No Action Needs to be Taken by Monmouth Shareholders at This Time HOLMDEL, N.J., July 16, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE: MNR, “Monmouth” or “the Company”) today announced that it received an amendment to the unsolicited acquisition proposal it previously received on July 8, 2021 from a certain large private investment firm. The amendment to the proposal reflects an increase of $0.18 per share in the consideration that would be paid for each share of Monmouth Common Stock, resulting in a net cash consideration of $18.88 per share, reflecting a stated purchase price of $19.51 per share reduced by the termination fee of approximately $62.2 million, or $0.63 per share, if Monmouth terminates the merger agreement it previously entered into with Equity Commonwealth (“EQC”) in accordance with its terms to accept the amended proposal. The increase results from the investment firm’s decision that the purchase price would no long ....
MONMOUTH REAL ESTATE REPORTS RESULTS FOR THE SECOND QUARTER ENDED MARCH 31, 2021 HOLMDEL, NJ, May 04, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE:MNR) reported Net Income Attributable to Common Shareholders of $25.9 million or $0.26 per diluted share for the three months ended March 31, 2021 as compared to Net (Loss) Attributable to Common Shareholders of $(75.1) million or $(0.77) per diluted share for the three months ended March 31, 2020, representing an increase of $101.0 million or $1.03 per diluted share. During the three months ended March 31, 2021, we recognized a $19.2 million unrealized gain or $0.19 per diluted share as compared to an $(83.1) million unrealized (loss) or $(0.85) per diluted share for the three months ended March 31, 2020. Funds from Operations (FFO), which excludes unrealized and realized gains or losses from our securities portfolio, for the three months ended March 31, 2021 were $20.6 million or $0.21 per diluted shar ....
Monmouth Real Estate Announces Review of Strategic Alternatives Monmouth Real Estate Investment Corporation Holmdel, UNITED STATES HOLMDEL, N.J., Jan. 14, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE:MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors (the “Board”), working together with its legal and financial advisors, has unanimously decided to explore strategic alternatives to maximize stockholder value. The Board intends to consider the full range of available alternatives including a potential sale or merger of the Company. Monmouth has retained J.P. Morgan to work collaboratively with CS Capital Advisors to assist and advise the Board in its strategic review. The Company noted that there can be no assurance that the exploration of strategic alternatives will result in any transaction. ....
MONMOUTH REAL ESTATE INVESTMENT CORPORATION INCREASES QUARTERLY DIVIDEND BY 5.9% TO $0.18 PER SHARE Monmouth Real Estate Investment Corporation Holmdel, UNITED STATES HOLMDEL, N.J, Jan. 14, 2021 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) today announced that its Board of Directors declared a quarterly dividend of $0.18 per share of common stock, which represents a 5.9% increase over the previous quarterly dividend of $0.17 per share and an annualized dividend rate of $0.72 per share. This dividend is payable on March 15, 2021 to stockholders of record as of the close of business on February 16, 2021. Also on January 14, 2021, the Board of Directors declared a dividend for the period December 1, 2020 through February 28, 2021 of $0.3828125 per share on the Company’s 6.125% Series C Cumulative Redeemable Preferred Stock payable March 15, 2021 to stockholders of record as o ....
MONMOUTH REAL ESTATE INVESTMENT CORPORATION ISSUES STATEMENT Highlights Track Record of Superior Value Creation Overseen by Diverse, Experienced Board of Directors Monmouth Board Is Reviewing Blackwells’ Unsolicited Acquisition Proposal Board’s Nominating and Corporate Governance Committee Will Evaluate Director Nominations and Proposals Submitted by Blackwells and Land & Buildings Monmouth was the Single Best Performing Industrial REIT Based on Total Return to Stockholders, Over the Past Year HOLMDEL, N.J, Dec. 31, 2020 (GLOBE NEWSWIRE) Monmouth Real Estate Investment Corporation (NYSE: MNR) (“Monmouth” or the “Company”) today disclosed that, as of the deadline for receipt of such notices, it has received notice from Blackwells Capital LLC (“Blackwells”) of its intention to nominate four candidates to stand for election to the Company’s Board of Directors and submit six non-binding proposals, and has received notice from Land & ....