Mach Natural Resources LP Common Units representing Limited Partner Interests - MNR STOCK NEWS

Monmouth Real Estate Investment Corporation (NYSE: MNR) announced its Fiscal 2020 Annual Report, highlighting substantial achievements. The company significantly outperformed the MSCI US REIT Index and achieved a 99.7% occupancy rate. Total returns over 20 years reached 972%, with five acquisitions totaling $175.1 million. In 2021, two additional acquisitions worth $170 million were completed. Furthermore, a 5.9% increase in the quarterly dividend to $0.18 per share was announced, marking the third increase in five years. This reflects the company’s commitment to shareholder value growth.

Monmouth Real Estate Investment Corporation (NYSE:MNR) announced its Board of Directors is exploring strategic alternatives to maximize stockholder value, potentially including a sale or merger. J.P. Morgan and CS Capital Advisors will assist in this review. The Board rejected a $18.00 per share acquisition proposal from Blackwells, deeming it not in the Company's best interest. Additionally, effective immediately, the Company has suspended its Dividend Reinvestment and Stock Purchase Plan, with future dividends to be paid in cash starting March 15, 2021.

Monmouth Real Estate Investment Corporation (MNR) has declared a quarterly dividend of $0.18 per share, up 5.9% from the previous quarter, marking an annualized rate of $0.72. This dividend, payable on March 15, 2021, reflects Monmouth's confidence in its financial stability and growth potential. The company maintains a robust occupancy rate of 99.7% and plans to leverage recent acquisitions totaling $170 million for future earnings growth. This announcement underscores its 30th consecutive year of maintaining or increasing dividends.

Monmouth Real Estate Investment Corporation (NYSE: MNR) is evaluating an unsolicited acquisition proposal from Blackwells Capital LLC to buy all outstanding shares for $18.00 each. The Board is also reviewing director nominations from Blackwells and Land & Buildings for the upcoming 2021 Annual Meeting. Despite challenges from COVID-19, Monmouth maintained high occupancy rates of 99.7% in 2020 and reported impressive total returns of 1,239% over 20 years. The company aims to drive growth through recent acquisitions valued at $170 million and strong tenant retention.

Monmouth Real Estate Investment Corporation (NYSE:MNR) announced the acquisition of a 657,518 square foot industrial building in Locust Grove, GA for $96.7 million. The property is net-leased to Home Depot for 20 years, situated on 130 acres, indicating potential for future development. CEO Michael P. Landy noted that this acquisition enhances Monmouth’s portfolio, now averaging 9.5 years in building age, making it the youngest in its sector. Monmouth’s portfolio includes 121 properties totaling 24.5 million rentable square feet, with a high occupancy rate of 99.7%.

Monmouth Real Estate Investment Corporation (NYSE:MNR) has received an unsolicited acquisition proposal from Blackwells Capital LLC to buy all outstanding shares for $18.00 each, reflecting a 5.9% premium on the closing stock price as of December 18, 2020. This proposal follows an earlier offer of $16.75 per share made on December 1, 2020, which was deemed inadequate by Monmouth's Board. The Board, along with financial advisors, will review the new proposal and is committed to acting in the best interests of the company and its shareholders.

Monmouth Real Estate Investment Corporation (NYSE:MNR) has acquired a 487,900 square foot industrial property in Plain City, OH, for $73.3 million. The property, net-leased to FedEx Ground for 15 years, is located on approximately 100 acres and is strategically positioned near Interstate 270. This acquisition aligns with the company's focus on the growing e-commerce sector, which has seen accelerated demand due to the Covid-19 pandemic. Additionally, MNR's occupancy rate increased from 99.4% to 99.6% after leasing a vacant building to an investment-grade tenant.

Monmouth Real Estate Investment Corporation (NYSE:MNR) reported a net loss of $48.6 million or $0.50 per diluted share for the fiscal year ending September 30, 2020, a stark contrast to a net income of $11 million or $0.12 per diluted share in 2019. This decline was primarily attributed to $77.4 million in unrealized losses following an accounting rule change. Funds from Operations (FFO) decreased to $78.5 million from $81.2 million year-over-year, while Adjusted Funds from Operations (AFFO) fell to $76.9 million from $79.7 million. Despite challenges, the company maintained a robust portfolio occupancy at 99.4% and expects future growth from its acquisition pipeline.

Monmouth Real Estate Investment Corporation (NYSE:MNR) announced that its leadership team, including President and CEO Michael P. Landy, will participate in Nareit’s REITworld: 2020 Virtual Annual Conference on November 17, 2020, at 9:30 a.m. ET. The presentation will be available live and on-demand for registered participants. Founded in 1968, Monmouth specializes in single-tenant, net-leased industrial properties, and boasts a portfolio of 119 properties across 31 states, totaling approximately 23.4 million rentable square feet, with an impressive occupancy rate of 99.4%.