Toggle SGML Header (+)


Section 1: 8-K

0000067625 false 0000067625 2020-05-20 2020-05-21 0000067625 us-gaap:CommonStockMember 2020-05-20 2020-05-21 0000067625 MNR:Sec6.125SeriesCCumulativeRedeemablePreferredStockMember 2020-05-20 2020-05-21 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): May 21, 2020

 

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(Exact name of registrant as specified in its charter)

 

Maryland

  001-33177   22-1897375
(State or other jurisdiction   (Commission   (IRS Employer
 of incorporation)   File Number)   Identification No.)

 

101 Crawfords Corner Road, Suite 1405, Holmdel, NJ

  07733
(Address of principal executive offices)   (Zip Code)

 

Registrant’s telephone number, including area code: (732) 577-9996

 

 

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

 

Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)
   
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock   MNR   New York Stock Exchange

6.125% Series C Cumulative Redeemable Preferred Stock

  MNR-PC   New York Stock Exchange

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

 
 

 

Item 7.01 Regulation FD Disclosure.

 

On May 21, 2020, the Company issued a press release announcing the acquisition of a brand new built-to-suit 286,281 square foot industrial building located in the Greensboro, NC MSA for a purchase price of $47.6 million.

 

The information in this report and the exhibit attached hereto is being furnished, not filed, for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

  99 Press Release dated May 21, 2020

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  MONMOUTH REAL ESTATE INVESTMENT CORPORATION
     
Dated: May 22, 2020 By: /s/ Kevin S. Miller
   

Kevin S. Miller

    Chief Financial Officer and Chief Accounting Officer

 

 

(Back To Top)

Section 2: EX-99

 

Exhibit 99

 

Monmouth Real Estate Investment Corporation

 

BELL WORKS

101 CRAWFORDS CORNER ROAD

SUITE 1405

HOLMDEL, NEW JERSEY 07733

A Public REIT Since 1968

____

 

INTERNET:   OFFICE:   EMAIL:
www.mreic.reit   (732) 577-9996   [email protected]

 

FOR IMMEDIATE RELEASE May 21, 2020
  Contact: Becky Coleridge
  732-577-9996

 

MONMOUTH REAL ESTATE ANNOUNCES NEW ACQUISITION IN THE GREENSBORO, NC MSA

 

Holmdel, New Jersey…. May 21, 2020……..Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the acquisition of a new 286,281 square foot industrial building located at 6538 Judge Adams Road, Whitsett, NC at a purchase price of $47.6 million. The property is net-leased for 15 years to FedEx Ground Packaging System, Inc., a Delaware corporation. The building is situated on approximately 39.3 acres.

 

Michael P. Landy, President and CEO, commented, “This marks our third high-quality acquisition thus far in fiscal 2020. In this period of unprecedented turbulence, the services of FedEx are essential in keeping supply chains moving and in delivering critically needed goods throughout the world. We are proud to be a major space provider for this remarkable company.”

 

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. We specialize in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants.  Monmouth Real Estate is a fully integrated and self-managed real estate company, whose property portfolio consists of 117 properties, containing a total of approximately 23.3 million rentable square feet, geographically diversified across 30 states.

 

######

 

 

(Back To Top)