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Consolidated Statements of Income (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2015
Mar. 31, 2014
INCOME:        
Rental Revenue $ 16,205,524us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 14,085,029us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 31,635,739us-gaap_OperatingLeasesIncomeStatementLeaseRevenue $ 27,655,751us-gaap_OperatingLeasesIncomeStatementLeaseRevenue
Reimbursement Revenue 2,653,072us-gaap_TenantReimbursements 2,260,276us-gaap_TenantReimbursements 4,900,387us-gaap_TenantReimbursements 4,350,709us-gaap_TenantReimbursements
Lease Termination Income 0mnr_LeaseTerminationIncome 0mnr_LeaseTerminationIncome 238,625mnr_LeaseTerminationIncome 0mnr_LeaseTerminationIncome
TOTAL INCOME 18,858,596us-gaap_RealEstateRevenueNet 16,345,305us-gaap_RealEstateRevenueNet 36,774,751us-gaap_RealEstateRevenueNet 32,006,460us-gaap_RealEstateRevenueNet
EXPENSES:        
Real Estate Taxes 1,951,451us-gaap_RealEstateTaxExpense 1,771,802us-gaap_RealEstateTaxExpense 3,940,194us-gaap_RealEstateTaxExpense 3,628,857us-gaap_RealEstateTaxExpense
Operating Expenses 999,614us-gaap_OtherCostAndExpenseOperating 1,129,543us-gaap_OtherCostAndExpenseOperating 2,001,862us-gaap_OtherCostAndExpenseOperating 1,848,980us-gaap_OtherCostAndExpenseOperating
General & Administrative Expenses 1,567,725us-gaap_GeneralAndAdministrativeExpense 1,328,256us-gaap_GeneralAndAdministrativeExpense 2,808,310us-gaap_GeneralAndAdministrativeExpense 2,448,719us-gaap_GeneralAndAdministrativeExpense
Acquisition Costs 471,115us-gaap_BusinessCombinationIntegrationRelatedCosts 0us-gaap_BusinessCombinationIntegrationRelatedCosts 862,684us-gaap_BusinessCombinationIntegrationRelatedCosts 462,864us-gaap_BusinessCombinationIntegrationRelatedCosts
Depreciation 4,785,948us-gaap_DepreciationNonproduction 3,975,112us-gaap_DepreciationNonproduction 9,270,216us-gaap_DepreciationNonproduction 7,788,358us-gaap_DepreciationNonproduction
Amortization of Capitalized Lease Costs and Intangible Assets 529,820mnr_AmortizationOfLeaseCostsAndIntangibleAssets 451,459mnr_AmortizationOfLeaseCostsAndIntangibleAssets 1,005,315mnr_AmortizationOfLeaseCostsAndIntangibleAssets 894,685mnr_AmortizationOfLeaseCostsAndIntangibleAssets
TOTAL EXPENSES 10,305,673us-gaap_OperatingExpenses 8,656,172us-gaap_OperatingExpenses 19,888,581us-gaap_OperatingExpenses 17,072,463us-gaap_OperatingExpenses
OTHER INCOME (EXPENSE):        
Interest and Dividend Income 962,948us-gaap_InvestmentIncomeInterestAndDividend 996,794us-gaap_InvestmentIncomeInterestAndDividend 1,998,405us-gaap_InvestmentIncomeInterestAndDividend 1,935,562us-gaap_InvestmentIncomeInterestAndDividend
Gain on Sale of Securities Transactions, net 0us-gaap_MarketableSecuritiesRealizedGainLoss 425,349us-gaap_MarketableSecuritiesRealizedGainLoss 377,087us-gaap_MarketableSecuritiesRealizedGainLoss 576,074us-gaap_MarketableSecuritiesRealizedGainLoss
Interest Expense (4,493,933)us-gaap_InterestExpense (4,185,372)us-gaap_InterestExpense (8,623,498)us-gaap_InterestExpense (8,060,513)us-gaap_InterestExpense
Amortization of Financing Costs (203,258)mnr_AmortizationOfFinancingCost (168,662)mnr_AmortizationOfFinancingCost (395,832)mnr_AmortizationOfFinancingCost (337,680)mnr_AmortizationOfFinancingCost
TOTAL OTHER INCOME (EXPENSE) (3,734,243)us-gaap_NonoperatingIncomeExpense (2,931,891)us-gaap_NonoperatingIncomeExpense (6,643,838)us-gaap_NonoperatingIncomeExpense (5,886,557)us-gaap_NonoperatingIncomeExpense
NET INCOME 4,818,680us-gaap_NetIncomeLoss 4,757,242us-gaap_NetIncomeLoss 10,242,332us-gaap_NetIncomeLoss 9,047,440us-gaap_NetIncomeLoss
Less: Preferred Dividend 2,151,758us-gaap_DividendsPreferredStock 2,151,758us-gaap_DividendsPreferredStock 4,303,516us-gaap_DividendsPreferredStock 4,303,516us-gaap_DividendsPreferredStock
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,666,922us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 2,605,484us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 5,938,816us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 4,743,924us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
BASIC INCOME - PER SHARE        
Net Income $ 0.08mnr_NetIncomePerShareBasic $ 0.10mnr_NetIncomePerShareBasic $ 0.18mnr_NetIncomePerShareBasic $ 0.20mnr_NetIncomePerShareBasic
Less: Preferred Dividend $ (0.04)mnr_PreferredStockDividendsPerShareCashPaidBasic $ (0.05)mnr_PreferredStockDividendsPerShareCashPaidBasic $ (0.08)mnr_PreferredStockDividendsPerShareCashPaidBasic $ (0.1)mnr_PreferredStockDividendsPerShareCashPaidBasic
Net Income Attributable to Common Shareholders - Basic $ 0.04us-gaap_EarningsPerShareBasic $ 0.05us-gaap_EarningsPerShareBasic $ 0.10us-gaap_EarningsPerShareBasic $ 0.10us-gaap_EarningsPerShareBasic
DILUTED INCOME - PER SHARE        
Net Income $ 0.08mnr_NetIncomePerShareDiluted $ 0.10mnr_NetIncomePerShareDiluted $ 0.18mnr_NetIncomePerShareDiluted $ 0.20mnr_NetIncomePerShareDiluted
Less: Preferred Dividend $ (0.04)mnr_PreferredStockDividendsPerShareCashPaidDiluted $ (0.05)mnr_PreferredStockDividendsPerShareCashPaidDiluted $ (0.08)mnr_PreferredStockDividendsPerShareCashPaidDiluted $ (0.1)mnr_PreferredStockDividendsPerShareCashPaidDiluted
Net Income Attributable to Common Shareholders - Diluted $ 0.04us-gaap_EarningsPerShareDiluted $ 0.05us-gaap_EarningsPerShareDiluted $ 0.10us-gaap_EarningsPerShareDiluted $ 0.10us-gaap_EarningsPerShareDiluted
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING        
Basic 58,308,728us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 46,739,035us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 57,793,469us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 45,982,937us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted 58,462,729us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 46,845,472us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 57,936,743us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 46,080,826us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding