| | Business Summary | | Monmouth
Capital
Corporation
(Monmouth)
currently
operates
Monmouth
Real
Estate
Investment
Corporation
(MREIC)
and
United,
two
real
estate
investment
trusts
(REITs).
MREIC
is
now
specializing
in
net
leased
industrial
properties
to
rated
tenants
on
medium
term
leases.
United
specializes
in
investments
in
manufactured
home
communities.
It
is
intended
that
the
Company
will
invest
in
real
estate
ventures
that
do
not
qualify
under
the
investment
objectives
of
MREIC
and
United.
Monmouth
is
considering
operating
as
a
hybrid
REIT
investing
in
real
estate
equities;
mortgages;
mortgage
backed
securities;
and
other
REIT
securities.
The
Company
intends
to
change
its
fiscal
year
and
may
take
other
steps
to
qualify
as
a
REIT
and
not
be
classified
as
an
investment
company. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Monmouth
Capital
Corporaton,
operates
as
a
real
estate
company,
owns
real
estate
investments,
and
sells
and
finances
manufactured
homes.
For
the
fiscal
year
ended
3/31/01,
revenues
rose
7%
to
$5.8
million.
Net
loss
totalled
$75
thousand,
vs.
an
income
of
$15
thousand.
Revenues
reflect
increased
interest
and
dividend
income
due
to
the
purchases
of
securities
available
for
sale.
Net
loss
reflects
the
absense
of
a
$245
thousand
gain
on
the
sale
of
the
Bethlehem,
PA
building. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
362;
after
tax
earnings
were
151. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Eugene Landy, 67
Pres,
CEO, Director | $53K | Ernest Bencivenga, 83
Treasurer,
Sec. | -- | Anna Chew, 43
Controller | -- | | Dollar
amounts are as of 31-Mar-2001 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
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/m/monm.gif)