Published on Sep 9, 2016
Shares
of Monmouth Real Estate are up over 40% thus far in 2016, but the
industrial REIT still has more room to run, said Floyd Tyler, portfolio
manager of Preserver Alternative Opportunities Fund (PAORX). 'They are
growing by acquiring other distribution centers and warehouses,' said
Tyler. 'Earnings growth and sales have been in the double digits, which
makes it a great opportunity.' Monmouth Real Estate is one of the oldest
public equity REITs in the country, specializing in single-tenant,
net-leased industrial properties, subject to long-term leases, primarily
to investment grade tenants.
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