Monmouth Real Estate Investment Corp.
Company Overview
Monmouth Real Estate Investment Corporation was a publicly traded real estate investment trust (REIT) that specialized in single-tenant, net-leased industrial properties on long-term leases to investment-grade tenants. The company was acquired by Industrial Logistics Properties Trust (ILPT) in a $4 billion transaction that closed on February 25, 2022.
Since the company no longer exists as a separate entity, having been merged into ILPT, this report cannot provide a current halal compliance analysis of MNR. Investors interested in this sector should instead evaluate ILPT (NASDAQ: ILPT) or other industrial REITs.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $255.54m | $187.57m | - | $26.77m | 0.00% | 14.27% |
| June 30, 2024 | $239.99m | $196.56m | - | $27.05m | 0.00% | 13.76% |
| March 31, 2024 | $239.16m | $198.2m | - | $26.29m | 0.00% | 13.26% |
Company Impact
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