Monmouth Real Estate Investment
Market Cap
US$1.7b
Last Updated
2021/03/01 23:29 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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer with moderate growth potential.
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
Stable Share Price: MNR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MNR's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
-2.7%
MNR
-1.5%
US REITs
-1.3%
US Market
1 Year Return
19.6%
MNR
-4.0%
US REITs
41.9%
US Market
Return vs Industry: MNR exceeded the US REITs industry which returned -0.3% over the past year.
Return vs Market: MNR underperformed the US Market which returned 36.5% over the past year.
Shareholder returns
| MNR | Industry | Market | |
|---|---|---|---|
| 7 Day | -2.7% | -1.5% | -1.3% |
| 30 Day | 1.0% | 3.5% | 7.5% |
| 90 Day | 18.2% | 3.6% | 15.9% |
| 1 Year | 25.5%19.6% | 0.5%-4.0% | 44.8%41.9% |
| 3 Year | 40.6%22.1% | 34.6%18.1% | 49.1%41.0% |
| 5 Year | 97.3%56.4% | 45.5%16.1% | 113.1%92.8% |
Long-Term 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 months ago | Simply Wall St
Did You Participate In Any Of Monmouth Real Estate Investment's (NYSE:MNR) Fantastic 112% Return ?3 months ago | Simply Wall St
This Insider Has Just Sold Shares In Monmouth Real Estate Investment Corporation (NYSE:MNR)4 months ago | Simply Wall St
Are Insiders Buying Monmouth Real Estate Investment Corporation (NYSE:MNR) Stock?Valuation
Is Monmouth Real Estate Investment undervalued compared to its fair value and its price relative to the market?
35.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MNR ($17.5) is trading below our estimate of fair value ($27.23)
Significantly Below Fair Value: MNR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MNR is unprofitable, so we can't compare its PE Ratio to the US 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 (3x) compared to the US REITs industry average (1.6x).
Next Steps
Future Growth
How is Monmouth Real Estate Investment forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
20.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MNR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: MNR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: MNR's is expected to become profitable in the next 3 years.
Revenue vs Market: MNR's revenue (9.9% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: MNR's revenue (9.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if MNR's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Monmouth Real Estate Investment performed over the past 5 years?
-41.8%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MNR is currently unprofitable.
Growing Profit Margin: MNR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MNR is unprofitable, and losses have increased over the past 5 years at a rate of 41.8% 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 (-6.1%).
Return on Equity
High ROE: MNR has a negative Return on Equity (0.19%), as it is currently unprofitable.
Next Steps
Financial Health
How is Monmouth Real Estate Investment's financial position?
Financial Position Analysis
Short Term Liabilities: MNR's short term assets ($58.8M) do not cover its short term liabilities ($84.2M).
Long Term Liabilities: MNR's short term assets ($58.8M) do not cover its long term liabilities ($912.0M).
Debt to Equity History and Analysis
Debt Level: MNR's debt to equity ratio (85.5%) is considered high.
Reducing Debt: MNR's debt to equity ratio has reduced from 109.2% to 85.5% over the past 5 years.
Debt Coverage: MNR's debt is not well covered by operating cash flow (11.4%).
Interest Coverage: MNR is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Monmouth Real Estate Investment current dividend yield, its reliability and sustainability?
4.11%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MNR's dividend (4.11%) is higher than the bottom 25% of dividend payers in the US market (1.33%).
High Dividend: MNR's dividend (4.11%) is in the top 25% of dividend payers in the US market (3.76%)
Stability and Growth of Payments
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: With its high payout ratio (115.3%), MNR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MNR's dividends in 3 years are forecast to be covered by earnings (81.8% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Michael Landy (58 yo)
7.83yrs
Tenure
US$986,536
Compensation
Mr. Michael P. Landy has been the Chief Executive Officer and President of Monmouth Real Estate Investment Corporation since April 9, 2013 and has been its Director since July 2007 and previously served as...
CEO Compensation Analysis
Compensation vs Market: Michael's total compensation ($USD986.54K) is below average for companies of similar size in the US market ($USD3.68M).
Compensation vs Earnings: Michael's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 53.08yrs | US$609.00k | 1.56% $ 26.8m | |
| CEO, President & Executive Director | 7.83yrs | US$986.54k | 0.82% $ 14.1m | |
| CFO, Chief Accounting Officer | 3.67yrs | US$656.74k | 0.087% $ 1.5m | |
| Secretary & General Counsel | 1.17yrs | US$265.92k | 0.0024% $ 41.3k | |
| Vice President of Asset Management | 5.67yrs | US$249.35k | 0.0053% $ 91.5k | |
| Vice President of Investor Relations | no data | no data | no data | |
| Controller | no data | no data | 0.011% $ 196.8k | |
| Assistant Controller | no data | no data | no data |
7.8yrs
Average Tenure
50yo
Average Age
Experienced Management: MNR's management team is seasoned and experienced (7.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder & Chairman | 53.08yrs | US$609.00k | 1.56% $ 26.8m | |
| CEO, President & Executive Director | 7.83yrs | US$986.54k | 0.82% $ 14.1m | |
| CFO, Chief Accounting Officer | 3.67yrs | US$656.74k | 0.087% $ 1.5m | |
| Non-Executive Non-Independent Director | 32.08yrs | US$73.34k | 0.35% $ 6.1m | |
| Independent Director | 32.08yrs | US$73.34k | 0.19% $ 3.2m | |
| Independent Director | 20.58yrs | US$80.14k | 0.081% $ 1.4m | |
| Independent Director | 16.83yrs | US$73.34k | 0.025% $ 434.4k | |
| Independent Director | 15.33yrs | US$79.14k | 0.010% $ 177.4k | |
| Independent Director | 13.33yrs | US$79.64k | 0.018% $ 304.8k | |
| Lead Independent Director | no data | US$79.64k | 0.017% $ 290.6k | |
| Independent Director | 3.42yrs | US$81.14k | 0.0053% $ 91.7k | |
| Independent Director | 2.42yrs | US$73.34k | 0.00092% $ 15.8k |
15.3yrs
Average Tenure
58.5yo
Average Age
Experienced Board: MNR's board of directors are seasoned and experienced ( 15.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MNR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.720b
- Shares outstanding: 98.30m
- 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 | 2021/03/01 23:29 |
| End of Day Share Price | 2021/03/01 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/09/30 |
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.