Monmouth Capital Corporation Reports Six-Month Earnings
2005年8月13日 - 3:22AM
PRニュース・ワイアー (英語)
FREEHOLD, N.J., Aug. 12 /PRNewswire-FirstCall/ -- Monmouth Capital
Corporation (NASDAQ:MONM) reported net income of $802,000 or $0.21
a share for the six months ended June 30, 2005, as compared to
$1,041,000 or $0.33 a share for the six months ended June 30, 2004.
A summary of significant financial information for the three months
and six months ended June 30, 2005 and 2004 is as follows: Three
Months Ended June 30, 2005 2004 Total Income $1,548,000 $1,209,000
Net Income $ 153,000 $ 253,000 Income Per Share $ 0.04 $ 0.08
Weighted Avg. Shares Outstanding 3,943,000 3,257,000 Six Months
Ended June 30, 2005 2004 Total Income $3,348,000 $2,955,000 Net
Income $ 802,000 $1,041,000 Income Per Share $ 0.21 $ 0.33 Weighted
Avg. Shares Outstanding 3,892,000 3,185,000 Eugene W. Landy,
President, stated, "In the first half of 2005, we recorded gains on
sales of securities available for sale of $445,000, as compared to
$872,000 for 2004. Income and expense from our securities portfolio
and our interest rate hedges are volatile, and quarterly numbers
may not be indicative of a full year's results. Our fundamental
business is the ownership and operation of our real property
investments, and we are very pleased with the results to date."
Monmouth Capital Corporation is currently operating as a hybrid
real estate investment trust (REIT), investing in real estate
equities, mortgages, mortgage-backed securities and other REIT
securities. MONM is part of a family of REITs including United
Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home
communities, and Monmouth Real Estate Investment Corporation
(NASDAQ:MNRTA), which invests in net-leased industrial properties
on long-term leases to investment grade tenants. It is MONM's
intention to pursue any real estate opportunities other than the
specialized areas of United Mobile Homes, Inc. and Monmouth Real
Estate Investment Corporation. DATASOURCE: Monmouth Capital
Corporation CONTACT: Rosemarie Faccone or Susan Jordan of Monmouth
Capital Corporation, +1-732-577-9997 Web site:
http://www.monmouthcapital.com/
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