Monmouth Real Estate Investment
Market Cap
US$1.4b
Last Updated
2019/10/21 23:38 UTC
Data Sources
Company Financials +
Executive Summary
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world.
Snowflake
Fundamentals
Established dividend payer with limited growth.
Similar Companies
Share Price & News
How has Monmouth Real Estate Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
2.1%
MNR
1.2%
US REITs
1.0%
US Market
1 Year Return
-4.7%
MNR
22.9%
US REITs
8.0%
US Market
Return vs Industry: MNR underperformed the US REITs industry which returned 22.9% over the past year.
Return vs Market: MNR underperformed the US Market which returned 8% over the past year.
Shareholder returns
| MNR | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.1% | 1.2% | 1.0% |
| 30 Day | 3.4% | 2.6% | -0.07% |
| 90 Day | 6.5% | 7.9% | -1.0% |
| 1 Year | 0.03%-4.7% | 28.1%22.9% | 10.4%8.0% |
| 3 Year | 20.5%5.1% | 37.1%19.9% | 46.2%36.7% |
| 5 Year | 75.1%36.5% | 65.8%30.7% | 64.3%46.2% |
Price Volatility Vs. Market
How volatile is Monmouth Real Estate Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Is Monmouth Real Estate Investment Corporation's (NYSE:MNR) CEO Pay Justified?1 month ago | Simply Wall St
Here's What You Should Know About Monmouth Real Estate Investment Corporation's (NYSE:MNR) 4.8% Dividend Yield1 month ago | Simply Wall St
How Should You Analyze REIT Stock Monmouth Real Estate Investment Corporation (NYSE:MNR)?Valuation
Is Monmouth Real Estate Investment undervalued compared to its fair value and its price relative to the market?
26.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MNR ($14.72) is trading below our estimate of fair value ($20.1)
Significantly Below Fair Value: MNR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: MNR is unprofitable, so we can't compare its PE Ratio to the REITs industry average.
PE vs Market: MNR is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MNR's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MNR is overvalued based on its PB Ratio (2.2x) compared to the US REITs industry average (2.1x).
Next Steps
Future Growth
How is Monmouth Real Estate Investment forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
127.7%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNR is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: MNR is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: MNR is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: MNR's revenue (22.8% per year) is forecast to grow faster than the US market (7.2% per year).
High Growth Revenue: MNR's revenue (22.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MNR's Return on Equity is forecast to be low in 3 years time (6.5%).
Next Steps
Past Performance
How has Monmouth Real Estate Investment performed over the past 5 years?
4.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: MNR is unprofitable, but has reduced losses over the past 5 years at a rate of 4.3% per year.
Accelerating Growth: Unable to compare MNR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MNR is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (16.9%).
Return on Equity
High ROE: MNR has a negative Return on Equity (1.48%), as it is currently unprofitable.
Return on Assets
ROA vs Industry: MNR is currently unprofitable, so its Return on Assets is negative.
Return on Capital Employed
ROCE Improving: MNR is currently unprofitable, so its Return on Capital Employed is negative.
Next Steps
Financial Health
How is Monmouth Real Estate Investment's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: MNR has a high level of physical assets or inventory.
Debt Coverage by Assets: MNR's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: MNR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if MNR has a sufficient allowance for bad loans.
Low Risk Liabilities: MNR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if MNR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: MNR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if MNR has an appropriate level of bad loans.
Next Steps
Dividend
What is Monmouth Real Estate Investment's current dividend yield, its reliability and sustainability?
4.62%
Current Dividend Yield
Upcoming Dividend Payment
Purchase Monmouth Real Estate Investment before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: MNR's dividend (4.62%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: MNR's dividend (4.62%) is in the top 25% of dividend payers in the US market (3.68%)
Stable Dividend: MNR's dividends per share have been stable in the past 10 years.
Growing Dividend: MNR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: At its current payout ratio (79.4%), MNR's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
What is the CEO of Monmouth Real Estate Investment's salary, the management and board of directors tenure and is there insider trading?
10.8yrs
Average management tenure
CEO
Michael Landy (57yo)
6.5yrs
Tenure
US$1,523,855
Compensation
Mr. Michael P. Landy has been the Chief Executive Officer and President of Monmouth Real Estate Investment Corporation since April 9, 2013 and has been its Director since July 2007 and previously served as ...
CEO Compensation Analysis
Compensation vs. Market: Michael's total compensation ($USD1.52M) is about average for companies of similar size in the US market ($USD4.07M).
Compensation vs Earnings: Michael's compensation has increased whilst the company is unprofitable.
Management Age and Tenure
10.8yrs
Average Tenure
55.5yo
Average Age
Experienced Management: MNR's management team is seasoned and experienced (10.8 years average tenure).
Board Age and Tenure
16.2yrs
Average Tenure
59.5yo
Average Age
Experienced Board: MNR's board of directors are seasoned and experienced ( 16.2 years average tenure).
Insider Trading
Insider Buying: MNR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 145.56 |
| Max Price | US$13.74 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 145.56 |
| Max Price | US$13.74 |
| Entity | Individual |
| Shares | 1,000 |
| Max Price | US$14.36 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 700 |
| Max Price | US$14.21 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 364.96 |
| Max Price | US$13.70 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 145.99 |
| Max Price | US$13.70 |
| Entity | Company |
| Shares | 17,810.29 |
| Max Price | US$13.70 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 1,000 |
| Max Price | US$13.13 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 1,570 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 158.73 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 396.83 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Chief Legal Officer General Counsel |
| Shares | 1,587.3 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 152.09 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 152.09 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 1,500 |
| Max Price | US$14.25 |
| Entity | Individual |
| Role | Controller Controller |
| Shares | 38.02 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 152.09 |
| Max Price | US$13.15 |
| Entity | Company |
| Shares | 18,555.13 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 152.09 |
| Max Price | US$13.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 149.59 |
| Max Price | US$13.37 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 149.59 |
| Max Price | US$13.37 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 155.76 |
| Max Price | US$12.84 |
| Entity | Individual |
| Role | Member of the Board of Directors Independent Director |
| Shares | 778.82 |
| Max Price | US$12.84 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 155.76 |
| Max Price | US$12.84 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 2,100 |
| Max Price | US$13.18 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 158.73 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 158.73 |
| Max Price | US$12.60 |
| Entity | Company |
| Shares | 19,365.08 |
| Max Price | US$12.60 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 153.73 |
| Max Price | US$13.01 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 153.73 |
| Max Price | US$13.01 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 82.3 |
| Max Price | US$12.15 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 164.61 |
| Max Price | US$12.15 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 378 |
| Max Price | US$13.20 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 500 |
| Max Price | US$13.58 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 76.39 |
| Max Price | US$13.09 |
| Entity | Company |
| Shares | 12,528.65 |
| Max Price | US$13.09 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 152.79 |
| Max Price | US$13.09 |
| Entity | Individual |
| Role | Chairman of the Board Founder & Chairman |
| Shares | 8,000 |
| Max Price | US$13.84 |
| Entity | Individual |
| Role | Chief Legal Officer General Counsel |
| Shares | 725 |
| Max Price | US$13.79 |
| Entity | Individual |
| Role | Lead Director Lead Independent Director |
| Shares | 1,000 |
| Max Price | US$13.72 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 2,000 |
| Max Price | US$13.73 |
| Entity | Individual |
| Role | Chief Executive Officer CEO, President & Executive Director |
| Shares | 351.62 |
| Max Price | US$14.22 |
| Entity | Individual |
| Role | Member of the Board of Directors CFO, Chief Accounting Officer |
| Shares | 70.32 |
| Max Price | US$14.22 |
Ownership Breakdown
Management Team
Eugene Landy (85yo)
Founder & Chairman
- Tenure: 51.8yrs
- Compensation: US$817.08k
Michael Landy (57yo)
CEO, President & Executive Director
- Tenure: 6.5yrs
- Compensation: US$1.52m
Susan Jordan
Vice President of Investor Relations
- Tenure: 10.8yrs
Allison Nagelberg (54yo)
General Counsel
- Tenure: 19.8yrs
- Compensation: US$475.39k
Kevin Miller (49yo)
CFO, Chief Accounting Officer
- Tenure: 2.3yrs
- Compensation: US$611.93k
Katie Rytter
Controller
- Tenure: 0yrs
Rich Molke
Vice President of Asset Management
- Tenure: 0yrs
Michael Prashad
In-House Counsel & Secretary
- Tenure: 0yrs
Laura Teman
Assistant Controller
- Tenure: 0yrs
Board Members
Eugene Landy (85yo)
Founder & Chairman
- Tenure: 51.8yrs
- Compensation: US$817.08k
Samuel Landy (59yo)
Non-Executive Non-Independent Director
- Tenure: 30.8yrs
- Compensation: US$73.32k
Daniel Cronheim (65yo)
Director
- Tenure: 30.8yrs
- Compensation: US$73.32k
Matthew Hirsch (60yo)
Independent Director
- Tenure: 19.3yrs
- Compensation: US$80.32k
Neal Herstik (60yo)
Independent Director
- Tenure: 15.5yrs
- Compensation: US$73.32k
Michael Landy (57yo)
CEO, President & Executive Director
- Tenure: 6.5yrs
- Compensation: US$1.52m
Steve Wolgin (65yo)
Independent Director
- Tenure: 16.2yrs
- Compensation: US$80.32k
Catherine Elflein (58yo)
Independent Director
- Tenure: 12yrs
- Compensation: US$78.12k
Kevin Miller (49yo)
CFO, Chief Accounting Officer
- Tenure: 2.3yrs
- Compensation: US$611.93k
Brian Haimm (50yo)
Lead Independent Director
- Tenure: 0yrs
- Compensation: US$79.82k
Company Information
Monmouth Real Estate Investment Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Monmouth Real Estate Investment Corporation
- Ticker: MNR
- Exchange: NYSE
- Founded: 1968
- Industry: Industrial REITs
- Sector: Real Estate
- Market Cap: US$1.405b
- Shares outstanding: 95.46m
- Website: https://www.mreic.reit
Number of Employees
Location
- Monmouth Real Estate Investment Corporation
- Bell Works Complex
- Suite 1405
- Holmdel
- New Jersey
- 7733
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MNR | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Dec 1972 |
| MNR.PRC | NYSE (New York Stock Exchange) | PFD SER C | US | USD | Sep 2016 |
Biography
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 l ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/21 23:38 |
| End of Day Share Price | 2019/10/21 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/09/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.