This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Diversify Your Portfolio With This High-Dividend REIT

NEW YORK ( TheStreet) -- One of the best dividend-paying companies today is anchored in Monmouth County, N.J.

Monmouth Real Estate Investment Corp. (MNR - Get Report) is a 45-year battleship of a REIT whose business model is investing in single-tenant industrial properties secured by long-term net-leases to investment grade tenants.

Accordingly, this stalwart ship provides investors with a total return vehicle that performs well throughout the business cycle. As one of the oldest REITs, Monmouth is a multi-cycle tested company and its consistent performance speaks for itself.

Real estate ownership provides an attractive hedge against inflation, and that is perhaps the most important aspect investors should consider given the current environment. Monmouth has a market capitalization of around $450 million with a current dividend yield of 5.4%. The stock price is $11.11 per share and the company's year-to-date total return is 26.80% (source: SNL Financial).

Recently I was able to catch up with the admiral of the battleship brand: Eugene W. Landy, founder, chairman, president and CEO. In this exclusive interview for TheStreet.com, I was able to gain insight into Monmouth's extraordinary track record of sustainable dividend performance (Monmouth has never cut its dividend).

Brad Thomas: The industrial sector is among the most stable, low-volatility asset classes in the United States (as evidenced by the sector's historical occupancy rates of roughly 88%-92%). How do you feel about the industrial market today?

Eugene W. Landy: The industrial market should strengthen. The amount of industrial space needed varies directly with our gross domestic product. If the gross domestic product increases 20% in 10 years, then the nation should need 20% more industrial warehouse space. There is little new supply being built. Therefore, we are optimistic about the market for our buildings now and 10 years from now.

Thomas: Monmouth is one of the oldest REITs in the United States and the company is celebrating its 45th year as a focused net-leased industrial REIT. How have you been able to weather the storms for so long?

Landy: Our philosophy is that real estate is a great investment vehicle. The basics are in favor of long-term real estate investment. The U.S. population grew 150,000,000 in the last 50 years and will grow another 150,000,000 over the next 50. Inflation since 1982 is 230%. The trend is with you.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
MNR $9.71 0.00%
AAPL $130.19 0.44%
FB $79.34 0.00%
GOOG $532.32 0.00%
TSLA $248.90 0.58%

Markets

DOW 18,041.54 -190.48 -1.04%
S&P 500 2,104.20 -21.86 -1.03%
NASDAQ 5,032.7510 -56.6110 -1.11%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs