FREEHOLD, N.J., April 2, 2018 /PRNewswire/ -- On
April 2, 2018, the Board of Directors
of Monmouth Real Estate Investment Corporation (NYSE:MNR) declared
its quarterly cash dividend on the Company's Common Stock of
$0.17 per share payable June 15, 2018, to shareholders of record at the
close of business on May 15,
2018. The Company's annual dividend rate on its Common Stock
is $0.68 per share.
Also on April 2, 2018, the Board
of Directors declared a dividend for the period March 1, 2018 through May
31, 2018, of $0.3828125 per
share on the Company's 6.125% Series C Cumulative Redeemable
Preferred Stock payable June 15, 2018
to shareholders of record as of the close of business on
May 15, 2018. Series C preferred
share dividends are cumulative and payable quarterly at an annual
rate of $1.53125.
Monmouth Real Estate Investment Corporation, founded in 1968, is
one of the oldest public equity REITs in the U.S. The Company
specializes in single tenant, net-leased industrial properties,
subject to long-term leases, primarily to investment grade
tenants. Monmouth Real Estate Investment Corporation is a
fully integrated and self-managed real estate company, whose
property portfolio consists of 109 properties containing a total of
approximately 19.9 million rentable square feet, geographically
diversified across 30 states. In addition, the Company owns a
portfolio of REIT securities.
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. 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, including with regard to the Company's securities offering
or the anticipated use of proceeds. You can identify
forward-looking statements by their use of forward-looking words,
such as "may," "will," "might," "anticipate," "estimate,"
"project," "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 September 30, 2017 and its
other periodic reports filed with the Securities and Exchange
Commission, which are accessible on the Securities and Exchange
Commission's website at www.sec.gov. These factors should not be
construed as exhaustive and should be read in conjunction with
other cautionary statements that are included in the filings. These
and other risks, uncertainties and factors could cause the
Company's actual results to differ materially from those included
in any forward-looking statements it makes. Any forward-looking
statement speaks only as of the date on which it is made. New risks
and uncertainties arise over time, and it is not possible for the
Company to predict those events or how they may affect it. Except
as required by law, the Company is not obligated to, and does not
intend to, update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise. You
should not place undue reliance on these forward-looking
statements, as events described or implied in such statements may
not occur.
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SOURCE Monmouth Real Estate Investment Corporation