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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Grommit who wrote (63657)	4/6/2020 11:48:30 AM
From: Paul Senior	Respond to of 78954

MNR. Yes, definitely a concern. Disconcerting that they have bought what their directors are involved in outside of MNR and that MNR has been losing lots of money, unrealized, with all their investments. However, so far this aspect of their business has not stopped them from their main business of warehousing/distribution centers. And it hasn't and I expect won't, affect MNR's dividend to any extent that the dividend will be cut. As stated though, mark-to-market will make for volatile earnings. With this, a reit, for me it's more about the dividend than reported earnings. Perhaps false confidence on my part, but I'm confident that if I can live with a 6% yield, I should be ok holding the stock. Thanks for reviewing and mentioning this aspect.

To: Grommit who wrote (63657)	8/4/2020 5:35:46 PM
From: Grommit	2 Recommendations Recommended By CusterInvestor E_K_S Read Replies (3) \| Respond to of 78954

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.... pppppppppp

To: Grommit who wrote (63657)	5/5/2021 12:39:45 PM
From: Paul Senior	1 Recommendation Recommended By petal Read Replies (2) \| Respond to of 78954

MNR==>EQC. MNR was my favorite net lease r.e. company for warehousing/distribution centers (e.g. they're pretty good with AMZN). I sold my shares because the dividend yield became unattractive to me. Grommit pointed out that MNR "related transactions / investments in other reits" was a concern to him. Also that MNR had bought into such businesses in which MNR directors were involved. A year later now, Equity Commonwealth (EQC) has today announced that they are acquiring MNR. I've had my eye on EQC because it's run by Sam Zell and consists almost entirely of cash(or cash equivalents or something) as it awaits Mr. Zell's avowed purpose to pounce on undervalued real estate properties (companies). EQR is purchasing MNR for all stock, so the $3Billion (per Yahoo) war chest is still intact. I'm in today for a small EQC position. I'm happy (well, as of today anyway) to get back into MNR to see what Mr. Zell will do with it, and to ride with Mr. Zell and his $3B. finance.yahoo.com