| Business Summary | | Monmouth
Real
Estate
Investment
Corporation
operates
as
a
qualified
real
estate
investment
trust.
At
September
30,
2000,
the
Company
had
investments
in
22
properties.
These
properties
are
located
in
New
Jersey,
New
York,
Pennsylvania,
North
Carolina,
Mississippi,
Massachusetts,
Kansas,
Iowa,
Missouri,
Illinois,
Michigan,
Nebraska,
Florida,
Virginia
and
Ohio.
Currently,
the
Company
derives
its
income
primarily
from
real
estate
rental
operations.
The
Company
has
approximately
1,733,000
square
feet
of
property,
of
which
approximately
501,000
square
feet,
or
29%,
is
leased
to
Federal
Express
Corporation
and
246,000
square
feet,
or
14%,
is
leased
to
Keebler
Company. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Monmouth
Real
Estate
Investment
Corp.
maintains
investments
in
21
properties
located
in
NJ,
NY,
PA,
NC,
MS,
MA,
KS,
IA,
MO,
IL,
MI,
NE,
FL
and
VA.
For
the
nine
months
ended
6/30/01,
revenues
increased
20%
to
$9.4
million.
Net
income
rose
13%
to
$3.1
million.
Revenues
reflect
increased
investment
income
and
higher
gains
on
securities
available
for
sale.
Earnings
were
partially
offset
by
higher
interest
expenses
and
the
absence
of
a
$89
thousand
gain
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Boniface DeBlasio, 79 Chairman | -- | Eugene Landy, 67 Pres,
CEO | $282K | Ernest Bencivenga, 82 Treasurer | -- | Anna Chew, 42 Controller | -- | Dollar
amounts are as of 30-Sep-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
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