For its 2020 fiscal year, the Company:
- Significantly outperformed the MSCI US REIT Index.
- Extended the Company’s long track record of profitable growth and superior shareholder value creation, delivering total returns of 972%, 207%, 81% and 1% over the 20, 10, 5 and 1 year periods ending on
September 30, 2020 , respectively. - Achieved the highest occupancy rate in the sector at 99.4%, increased to 99.7% thus far in fiscal 2021.
- Completed five acquisitions totaling
$175.1 million . - Thus far in fiscal 2021, completed two acquisitions totaling
$170.0 million , advanced substantial parking expansions and further increased occupancy, which together will meaningfully drive earnings and cash flow growth in fiscal 2021 and beyond.
In addition, Monmouth is now in its 30th consecutive year of maintaining or increasing its dividend. As previously announced on
"We’re proud to have completed fiscal year 2020 with outstanding operating and financial performance and are excited to build on this momentum in fiscal 2021 and beyond," said
About
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, intentions, plans, objectives, goals, strategies, future events, performance and underlying assumptions and other statements that are not historical facts. You can identify forward-looking statements by their use of forward-looking words, such as “may,” “will,” “anticipate,” “expect,” “believe,” “intend,” “plan,” “should,” “seek” or comparable terms, or the negative use of those words, but the absence of these words does not necessarily mean that a statement is not forward-looking. The forward-looking statements are based on the Company’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. Forward-looking statements are not predictions of future events. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company. Some of these factors are described under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” as included in the Company’s Annual Report on Form 10-K for the fiscal year ended
Contacts:
Investors:
732-810-0907
212-297-0720
info@okapipartners.com
Media:
212-355-4449
Attachment
Monmouth Real Estate Investment Corporation
Monmouth Real Estate Investment Corporation
![](https://ml.globenewswire.com/media/5f066d85-4914-409d-9b9a-dfee9b43b445/medium/monmouth-real-estate-investment-corporation.jpg)
2020 Annual Report
2021 GlobeNewswire, Inc., source