Monmouth Real Estate Investment Corp
NYSE:MNR
Income Statement
Earnings Waterfall
Monmouth Real Estate Investment Corp
Revenue
|
231.6m
USD
|
Cost of Revenue
|
-36.5m
USD
|
Gross Profit
|
195.1m
USD
|
Operating Expenses
|
-81.5m
USD
|
Operating Income
|
113.6m
USD
|
Other Expenses
|
-15.6m
USD
|
Net Income
|
98m
USD
|
Income Statement
Monmouth Real Estate Investment Corp
Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||||||||||||||||||||||||||||||||
Revenue |
52
N/A
|
53
+1%
|
54
+2%
|
55
+2%
|
52
-5%
|
54
+3%
|
55
+3%
|
57
+4%
|
60
+5%
|
63
+5%
|
66
+4%
|
68
+3%
|
71
+4%
|
74
+5%
|
78
+5%
|
82
+6%
|
86
+5%
|
90
+4%
|
98
+9%
|
103
+5%
|
107
+4%
|
112
+4%
|
116
+4%
|
123
+6%
|
130
+6%
|
136
+5%
|
136
0%
|
140
+3%
|
144
+3%
|
148
+3%
|
155
+5%
|
158
+2%
|
162
+2%
|
165
+2%
|
168
+2%
|
170
+1%
|
219
+29%
|
223
+2%
|
227
+2%
|
232
+2%
|
|
Gross Profit | |||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(9)
|
(9)
|
(9)
|
(8)
|
(8)
|
(9)
|
(9)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(12)
|
(13)
|
(12)
|
(13)
|
(14)
|
(14)
|
(18)
|
(18)
|
(19)
|
(19)
|
(20)
|
(22)
|
(24)
|
(25)
|
(21)
|
(21)
|
(20)
|
(20)
|
(24)
|
(25)
|
(26)
|
(27)
|
(27)
|
(27)
|
(35)
|
(35)
|
(36)
|
(37)
|
|
Gross Profit |
43
N/A
|
44
+1%
|
45
+3%
|
46
+4%
|
44
-5%
|
45
+2%
|
46
+2%
|
47
+3%
|
50
+5%
|
52
+5%
|
55
+4%
|
56
+3%
|
59
+4%
|
62
+5%
|
66
+6%
|
69
+6%
|
73
+5%
|
76
+5%
|
80
+5%
|
85
+5%
|
88
+5%
|
92
+4%
|
96
+5%
|
101
+5%
|
106
+5%
|
111
+4%
|
115
+4%
|
120
+4%
|
124
+3%
|
128
+3%
|
131
+3%
|
133
+2%
|
136
+2%
|
138
+2%
|
141
+2%
|
143
+2%
|
184
+28%
|
188
+2%
|
191
+2%
|
195
+2%
|
|
Operating Income | |||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(20)
|
(20)
|
(21)
|
(22)
|
(23)
|
(24)
|
(25)
|
(27)
|
(28)
|
(29)
|
(31)
|
(32)
|
(34)
|
(35)
|
(37)
|
(38)
|
(39)
|
(41)
|
(43)
|
(45)
|
(47)
|
(49)
|
(51)
|
(54)
|
(55)
|
(56)
|
(57)
|
(58)
|
(59)
|
(59)
|
(76)
|
(77)
|
(80)
|
(81)
|
|
Selling, General & Administrative |
(4)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(9)
|
(10)
|
(10)
|
(10)
|
(9)
|
(9)
|
(11)
|
(11)
|
(12)
|
(12)
|
|
Depreciation & Amortization |
(12)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(16)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(28)
|
(29)
|
(31)
|
(32)
|
(34)
|
(36)
|
(38)
|
(40)
|
(42)
|
(44)
|
(45)
|
(46)
|
(47)
|
(48)
|
(49)
|
(49)
|
(64)
|
(65)
|
(66)
|
(68)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
|
Operating Income |
27
N/A
|
27
+1%
|
27
+0%
|
28
+3%
|
25
-10%
|
26
+2%
|
26
+3%
|
27
+3%
|
28
+4%
|
30
+6%
|
31
+3%
|
32
+3%
|
33
+4%
|
35
+5%
|
37
+7%
|
40
+7%
|
42
+4%
|
44
+6%
|
46
+4%
|
49
+6%
|
52
+6%
|
54
+4%
|
57
+6%
|
60
+5%
|
63
+5%
|
65
+4%
|
68
+3%
|
70
+4%
|
72
+3%
|
74
+2%
|
76
+3%
|
77
+1%
|
79
+2%
|
80
+2%
|
82
+2%
|
84
+2%
|
108
+29%
|
110
+2%
|
112
+1%
|
114
+2%
|
|
Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(6)
|
(7)
|
(7)
|
(7)
|
(6)
|
(5)
|
(5)
|
(7)
|
(11)
|
(11)
|
(11)
|
(11)
|
(12)
|
(13)
|
(15)
|
(17)
|
(16)
|
(16)
|
(13)
|
(13)
|
(15)
|
(13)
|
(17)
|
(17)
|
(17)
|
(19)
|
(19)
|
(62)
|
(47)
|
(60)
|
(46)
|
(9)
|
(107)
|
(77)
|
(103)
|
(82)
|
33
|
28
|
33
|
29
|
|
Non-Reccuring Items |
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(2)
|
(11)
|
(36)
|
(48)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
6
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
6
|
|
Pre-Tax Income |
20
N/A
|
19
-9%
|
19
+0%
|
19
+2%
|
18
-5%
|
20
+11%
|
21
+5%
|
20
-7%
|
17
-13%
|
19
+8%
|
20
+7%
|
21
+6%
|
21
+0%
|
21
-2%
|
21
0%
|
22
+7%
|
24
+10%
|
27
+12%
|
32
+18%
|
35
+9%
|
37
+4%
|
40
+10%
|
40
+0%
|
43
+6%
|
46
+8%
|
47
+2%
|
49
+4%
|
8
-83%
|
25
+200%
|
14
-43%
|
30
+111%
|
67
+126%
|
(29)
N/A
|
3
N/A
|
(22)
N/A
|
2
N/A
|
139
+6 327%
|
134
-3%
|
115
-14%
|
101
-12%
|
|
Net Income | |||||||||||||||||||||||||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Income from Continuing Operations |
20
|
19
|
19
|
19
|
18
|
20
|
21
|
20
|
17
|
19
|
20
|
21
|
21
|
21
|
21
|
22
|
24
|
27
|
32
|
35
|
37
|
40
|
40
|
43
|
46
|
47
|
49
|
8
|
25
|
14
|
30
|
67
|
(29)
|
3
|
(22)
|
2
|
139
|
134
|
115
|
101
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(3)
|
(3)
|
0
|
|
Net Income (Common) |
20
N/A
|
19
-9%
|
19
+1%
|
19
+2%
|
18
-3%
|
20
+11%
|
21
+5%
|
20
-7%
|
17
-14%
|
19
+8%
|
20
+7%
|
21
+6%
|
21
+0%
|
21
-2%
|
26
+24%
|
27
+6%
|
29
+9%
|
32
+10%
|
32
N/A
|
35
+9%
|
37
+4%
|
40
+10%
|
40
+0%
|
48
+19%
|
51
+7%
|
54
+6%
|
56
+4%
|
10
-81%
|
27
+159%
|
14
-48%
|
30
+111%
|
67
+126%
|
(29)
N/A
|
3
N/A
|
(22)
N/A
|
2
N/A
|
139
+6 322%
|
131
-6%
|
112
-14%
|
98
-13%
|