Monmouth Real Estate Investment Corporation
(MNR: 9.59 -0.02 -0.21%) is a nice little REIT that just keeps paying out that 15¢ distribution. Funds from operations were 48¢ for the 1st 9 months, handily covering the payout and a nickel above the results from last year. Nice to see a positive quote from a CEO about the direction of the economy:
“As we previously stated, we are aware that many economists and financial experts are less optimistic about our future economy than we are. There is little point in debating the matter. The direction of the US economy is improving. To the extent that we must make decisions today, we do so based on our optimistic evaluation of future developments.”
via Monmouth Real Estate Investment Corporation Reports Nine-Month Earnings.
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