| | | MNR. reported qtr results. Although i am still not a fan of the company (see ref post to this reply). I bought lots of MNR-C this week at average $25.30 = 6% yield, safe. I prefer LXP, STAG for common, but will admit that MNR common price not out of line with industrial reit sector, and is prob a fair deal. i.e. MNR P/E similar to LXP STAG & significantly better value that most others (FR, PLD, DRE, EGP REXR.) I also own REXR preferred.
“Monmouth went into the global pandemic very well positioned with a strong balance sheet, a high-quality tenant roster, nearly full occupancy, and a well-covered dividend. Our resilient rent collection results during these challenging times highlights the mission-critical nature of our assets and underscores the essential need for our tenants’ operations....
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