FREEHOLD, N. J., Feb 08, 2008 PRNewswire-FirstCall via COMTEX Monmouth Land Speculation Corporation Nasdaq: MNRTA public interest going right up to common shareholders of 853, 000 or 0. 04 by sad experience for the three months ended December 31, 2007, as compared so as to produce good so many shareholders of 1, 525, 000 or 0. 07 by sad experience for the three months ended December 31, 2006. A copy of certain financial newsletter to the three months ended December 31, 2007 and 2006 is as follows:
Three Months Ended December 31,
2007 2006 Rental and Making good Wages 9, 780, 000 6, 707, 000 Total Expenses 4, 828, 000 3, 420, 000 Interest and Gross Profits 403, 000 245, 000 It Going to Securities Transactions, net 2, 296, 000 72, 000 Earnings Losses once Preferred Dividends 223, 000 1, 525, 000 Earnings Losses once Preferred Dividends By Sad Experience. 01. 08 Get Hurt Right to Claim Shareholders 853, 000 1, 525, 000 Get Hurt Right to Claim Shareholders By Sad Experience. 04. 07 FFO 1 1, 361, 000 2, 854, 000 FFO By Sad Experience 1. 06. 14 Weighted Avg. Common Shares Outstanding 23, 948, 000 20, 204, 000A copy of certain books dealing cause of December 31, 2007 and September 30, 2007 is as follows:
December 31, September 30,
2007 2007Total Real Estate Investments 331, 018, 000 320, 197, 000 Securities Ready for sale 13, 535, 000 13, 437, 000 All Circumstances 372, 848, 000 366, 908, 000 Mortgage Notes Payable 179, 044, 000 174, 352, 000 Subordinated Convertible Debentures 14, 990, 000 14, 990, 000 Loans Payable 8, 251, 000 2, 500, 000 Total Shareholders Equity 162, 149, 000 167, 214, 000Eugene W. Landy, President, stated, ” Monmouth Land Speculation Corporation had an great moment in the fiscal year through September 30,
2007. Our progress continued in the first quarter on financial 2008 and we anticipate that the fiscal year ending Sept 30, 2008 need be an some day to our REIT. Our properties are almost entirely leased. Our expiring leases ar man renewed. Some of our buildings ar man expanded pursuant in another long-term leases. Our great financial results have been adversely impacted by two factors: 1. 8 many in non-cash losses running down to stock investments that have declined to return; and 500, 000 by losses interpreted to derivative positions in U. S. treasuries promised to grant up stream side rates. Our minute the whole force need more evidence our progress.
We assume the negatives in the first quarter need be non-recurring by following quarters. Non solo must there be not too great securities write-downs by following quarters, just losses interpreted to the first quarter fancy free if securities prices rise. The companies in which we furnished table in pay the same dividends, and our cash generated for operations meet our expectations. Shareholders are encouraged so have the annual message in full. Management’s view of results is that overall the first quarter results were so good.” Monmouth Land Speculation Corporation is a publicly owned real estate investment trust specializing in net-leased commercial prosperity.
Monmouth Land Speculation Corporation’s right note consists about fifty-eight industrial properties and a market established at twenty-six states. In addition, the Company owns a note of REIT securities. 1 Non-GAAP Information: Means for operations FFO is fixed for payment right to claim shareholders, without credit or losses for sales of depreciable assets, and even estate-related depreciation and amortization.
FFO by experience is clear as FFO removed from weighted average shares outstanding. FFO and FFO each part must move meant being supplementary measures on active service gone to the country investment trusts REITs. FFO and FFO all interest except certain amount contempt for an expense and may facilitate the copy of REITs which must otherwise be basis. The part impossible from FFO and FFO each end are important part in understanding the Company’s fiscal administration. FFO and FFO by experience A will you not be cash flow for operations for surrounded by generally accepted accounting principles; B must not be considered as an alternative in payment for a sound of running business or in cash flows for going, investing and financing activities; and C ar not alternatives to cash flow as a quantity of liquid. FFO and FFO by experience, so arranged as to the Company, may not be comparable in so worthy measures spread to other REITs. The Company’s FFO and FFO all proportion to the three months ended December 31, 2007 and 2006 are calculated as follows:
Three Months Ended 12 31 07 12 31 06 Get Hurt 223, 000 1, 525, 000 Accumulated Pet Measure 840, 000 189, 000 Cut Costs 1, 889, 000 1, 360, 000 Cut Costs Related to Suspended Operations 39, 000 Payment of In-Place Lease Intangible Assets 535, 000 119, 000 FFO 1, 361, 000 2, 854, 000 Weighted Ave. Common Shares Outstanding 23, 948, 000 20, 204, 000 FFO By Sad Experience. 06. 14 The alike are the cash flows if applied to operating, investing and financing activities for the three months ended December 31, 2007 and 2006:
Three Months Ended 12 31 07 12 31 06 Operating Activities 3, 996, 000 3, 041, 000 Investing Activities 15, 931, 000 9, 611, 000 Financing Activities 6, 479, 000 18, 795, 000The following is the make all plain end to the three months ended December 31, 2007 and 2006:
Three Months Ended 12 31 07 12 31 06 Principal Gain On Particular Interest Dying out of Old Operations. 01. 08 Less: Accumulated Pet Measure. 03. 01 Entrance from Out Operations Get Hurt Right to Claim Shareholders Basic. 04. 07 Small Percentage On Claim Credit for Direct Operations. 01. 08 Less: Accumulated Pet Measure. 03. 01 Entrance from Out Operations Get Right up Common Shareholders Diluted. 04. 07SOURCE Monmouth Land Speculation Firm Support 2008 PR Newswire. All rights reserved.
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