Real Estate

Monmouth: Fiscal 2q Earnings Snapshot - San Antonio Express-news

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FREEHOLD, N.J. (AP) _ Monmouth Real Estate Investment Corp. (MNR) on Thursday reported a key measure of profitability in its fiscal second quarter. The results fell short of Wall Street expectations. The Freehold, New Jersey-based real estate investment trust said it had funds from operations of $19.2 million, or 21 cents per share, in the period. The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 23 cents per share. Funds from operations is a closely watched measure in the REIT industry.

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