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Mach Natural Resources LP reports developments tied to its role as an independent upstream oil and gas company focused on the acquisition, development and production of oil, natural gas and NGL reserves. The partnership operates a diversified portfolio across the Anadarko, Permian and San Juan Basins, and its common units represent limited partner interests.
Recurring news for MNR includes quarterly financial and operating results, production and reserve updates, realized commodity pricing, cash distributions to common unitholders, earnings call schedules, Schedule K-1 tax package availability and secondary public offerings of common units by selling unitholders.
Monmouth Real Estate Investment Corporation (NYSE:MNR) will report its Third Quarter 2020 financial results on August 4, 2020, after market close. A conference call will occur on August 5, 2020, at 10:00 a.m. Eastern Time, where senior management will discuss reports, market conditions, and the future outlook. The company specializes in net-leased industrial properties and has a diversified portfolio of 118 properties across 31 states, comprising approximately 23.4 million rentable square feet.
Monmouth Real Estate Investment Corporation (NYSE: MNR) will participate in a webinar titled The Impact of the COVID-19 Pandemic on Real Estate, hosted by Maxim Group and M-Vest on June 23, 2020, at 11:00 a.m. ET. CEO Michael Landy will discuss the pandemic's effects on the company's strategy and operations. Monmouth, established in 1968, focuses on single-tenant, net-leased industrial properties across 31 states, boasting a portfolio of 118 properties with approximately 23.4 million rentable square feet.
Monmouth Real Estate Investment Corporation (NYSE:MNR) has acquired a new 69,734 square foot industrial building in Ogden, UT for $12.9 million. This property is net-leased for 15 years to Federal Express Corporation. The acquisition, the fourth in fiscal 2020, enhances Monmouth's presence in Utah, a new region for the company. Monmouth specializes in single tenant, net-leased industrial properties primarily occupied by investment-grade tenants, with a portfolio of 118 properties across 31 states.
Monmouth Real Estate Investment Corporation (NYSE:MNR) has acquired a 286,281 square foot industrial building in Whitsett, NC for $47.6 million. This property, leased to FedEx Ground Packaging System for 15 years, is situated on approximately 39.3 acres. This acquisition marks MNR's third for the fiscal year 2020, highlighting its strategy of investing in essential services during challenging times. With a portfolio of 117 properties across 30 states, MNR continues to focus on single-tenant, net-leased industrial spaces.
Monmouth Real Estate Investment Corporation (NYSE:MNR) reported a net loss of $75.1 million or $0.77 per diluted share for Q2 2020, a decline from a net income of $23.8 million or $0.26 per diluted share in Q2 2019. This includes an $83.1 million unrealized loss compared to a $15.6 million gain in the prior year. Despite these losses, Funds from Operations (FFO) remained stable at $20.2 million, and Adjusted FFO (AFFO) slightly decreased to $19.4 million. Occupancy stands at 99.4% with 100% rent collection in March and 99% in April, providing some stability amid the pandemic.
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