Monmouth REIT Revenue Soars On Big E-Commerce Bet: What About The Dividend?
- The FedEx relationship has helped Monmouth grow its portfolio GLA by 53% during the past three years.
- The good news and the bad news is that FedEx accounts for ~50% of Monmouth annual base rent, or ABR.
- Monmouth stock has performed well -- up over 20% YTD; so clearly investors are reacting positively to the growth story.
- If things are going so well, why hasn't Monmouth announced a dividend increase since 2006?