144.60444
Shares Owned
$2,072.38
Cost Basis
-$196.86 (-9.50%)
Total Gain/Loss
$27.58
Earned Dividends
Company Overview
Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. They specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 115 properties containing a total of approximately 22.9 million rentable square feet, geographically diversified across 30 states. – Seeking Alpha
Why MNR?
A personal favorite, Monmouth Real-Estate is solely focused on slow and steady growth. Utilizing conservative capital expenditures on high grade investment properties, MNR is able to build a steadily increasing asset portfolio. With the increase in online shopping and warehouse space in demand, MNR is able to capitalize on the economies changing tastes to set itself up as a strong industrial REIT. Although their dividend growth is slow, it shows their determination to avoid rushing ahead until they are ready. As a result, this is a long term play on a company that has a bright future.
Slow and steady. Conservative with capital and diligent about investment properties (IPs). Dividend growth is slow, but shows that they will not rush to raise dividend for the sake of growth. Slow growth, long term play.
Change Log
Invested = $2.07 ; Purchased = 0.1487 shares @ $13.92
June 29, 2020
Dividend = $24.60
June 15, 2020
Invested = $3.12 ; Purchased = 0.22222 shares @ $14.04
June 3, 2020
Invested = $3.24 ; Purchased = 0.24923 shares @ $13.00
May 26, 2020
Invested = $1.18 ; Purchased = 0.09097 shares @ $12.97
May 5, 2020
Dividend = $18.89
March 16, 2020
Invested = $484.32 ; Purchased = 33.47062 shares @ $14.47
March 6, 2020
Invested = $852.05 ; Purchased = 59.00623 shares @ $14.44
January 2, 2020
Invested = $1.02 ; Purchased = 0.06901 shares @ $14.78
December 17, 2019
Dividend = $8.69
December 16, 2019
Invested = $14.35 ; Purchased = 0.9416 shares @ $15.24
December 4, 2019
Invested = $725.35 ; Purchased = 51.11698 shares @ $14.19
September 23, 2019
*New Position Started*