MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.
On November 28, 2016, Monmouth Real Estate Investment Corporation
issued a press release announcing the results for the fourth
quarter and fiscal year ended September 30, 2016 and disclosed a
supplemental information package in connection with its earnings
conference call for the fourth quarter and year ended September
30, 2016. A copy of the supplemental information package and
press release is furnished with this report as Exhibit 99 and is
incorporated herein by reference.
The information in this report and the exhibit attached hereto is
being furnished, not filed, for the purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and to Item 2.02 and
Item 7.01 of Form 8-K will not be incorporated by reference into
any filing under the Securities Act of 1933, as amended, unless
specifically identified therein as being incorporated therein by
reference.
Forward-Looking Statements
Statements contained in this report, including the documents that
are incorporated by reference, that are not historical facts are
forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended (the Securities Act), and
Section 21E of the Securities Exchange Act of 1934, as amended
and the Private Securities Litigation Reform Act of 1995 (the
Exchange Act). All statements, other than statements of
historical facts that address activities, events or developments
where the Company uses any of the words anticipates, assumes,
believes, estimates, expects, intends, or similar expressions,
are forward-looking statements. These forward-looking statements
are not guaranteed and are based on the Companys current
intentions and on the Companys current expectations and
assumptions. These statements, intentions, expectations and
assumptions involve risks and uncertainties, some of which are
beyond the Companys control that could cause actual results or
events to differ materially from those that the Company
anticipates or projects, such as:
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the ability of the Companys tenants to make payments under their respective leases, our reliance on certain major tenants and the Companys ability to re-lease properties that are currently vacant or that become vacant; |
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the Companys ability to obtain suitable tenants for its properties; |
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changes in real estate market conditions, economic conditions in the industrial sector and the market in which the Companys properties are located and general economic conditions; |
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the inherent risks associated with owning real estate, including local real estate market conditions, governing laws and regulations and illiquidity of real estate investments; |
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the Companys ability to sell properties at an attractive price; |
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| the Companys ability to repay debt financing obligations; | ||
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the Companys ability to refinance amounts outstanding under its credit facilities at maturity on terms favorable to us; |
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| the loss of any member of the Companys management team; | ||
| the Companys ability to comply with debt covenants; | ||
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the Companys ability to integrate acquired properties and operations into existing operations; |
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continued availability of proceeds from issuances of the Companys debt or equity securities; |
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the availability of other debt and equity financing alternatives; |
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market conditions affecting the Companys debt and equity securities; |
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changes in interest rates under the Companys current credit facility and under any additional variable rate debt arrangements that the Company may enter into in the future; |
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the Companys ability to successfully implement the Companys selective acquisition strategy; |
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the Companys ability to maintain internal controls and procedures to ensure all transactions are accounted for properly, all relevant disclosures and filings are timely made in accordance with all rules and regulations, and any potential fraud or embezzlement is thwarted or detected; |
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changes in federal or state tax rules or regulations that could have adverse tax consequences; |
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declines in the market value of the Companys investment securities; and |
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the Companys ability to qualify as a REIT for federal income tax purposes. |
Item 9.01 Financial Statements and Exhibits.
| (d) | Exhibits. | |
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Supplemental information package for the fourth quarter and year ended September 30, 2016 and press release dated November 28, 2016. |
About MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR)
Monmouth Real Estate Investment Corporation is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in ownership of real estate. Its investment focus is to own industrial buildings, leased primarily to investment-grade tenants on long-term net-leases. In addition, the Company owns a portfolio of REIT investment securities. As of September 30, 2015, the Company held investments in approximately 90 properties totaling approximately 13,919,000 square feet. Its properties are located in approximately 30 states, which include Alabama, Arizona, Colorado, Florida, Georgia, Illinois, Kansas, Kentucky, Maryland, Missouri, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Virginia and Wisconsin. The Company’s properties are owned with the exception of the properties located in Streetsboro, Ohio and Carlstadt, New Jersey, which are self-managed by the Company. MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR) Recent Trading Information
MONMOUTH REAL ESTATE INVESTMENT CORPORATION (NYSE:MNR) closed its last trading session down -0.03 at 14.03 with 199,469 shares trading hands.
