UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
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Item 2.02 Results of Operations and Financial Condition.
Item 7.01 Regulation FD Disclosure.
On February 6, 2020, Monmouth Real Estate Investment Corporation issued a press release announcing the results for the first quarter ended December 31, 2019 and disclosed a supplemental information package in connection with its earnings conference call for the first quarter ended December 31, 2019. A copy of the supplemental information package and press release is furnished with this report as Exhibit 99 and is incorporated herein by reference.
The information in this report and the exhibit attached hereto is being furnished, not filed, for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and pursuant to Item 2.02 and Item 7.01 of Form 8-K will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.
Forward-Looking Statements
Statements contained in this report, including the documents that are incorporated by reference, that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended and the Private Securities Litigation Reform Act of 1995 (the “Exchange Act”). All statements, other than statements of historical facts that address activities, events or developments where the Company uses any of the words “anticipates,” “assumes,” “believes,” “estimates,” “expects,” “intends,” or similar expressions, are forward-looking statements. These forward-looking statements are not guaranteed and are based on the Company’s current intentions and on the Company’s current expectations and assumptions. These statements, intentions, expectations and assumptions involve risks and uncertainties, some of which are beyond the Company’s control that could cause actual results or events to differ materially from those that the Company anticipates or projects, such as:
| ● | the ability of our tenants to make payments under their respective leases; | |
| ● | our reliance on certain major tenants; | |
| ● | our ability to re-lease properties that are currently vacant or that become vacant; | |
| ● | our ability to obtain suitable tenants for our properties; | |
| ● | changes in real estate market conditions, economic conditions in the industrial sector, the markets in which our properties are located and general economic conditions; | |
| ● | the inherent risks associated with owning real estate, including local real estate market conditions, governing laws and regulations and illiquidity of real estate investments; | |
| ● | our ability to acquire, finance and sell properties on attractive terms; | |
| ● | our ability to repay debt financing obligations; | |
| ● | our ability to refinance amounts outstanding under our debt obligations at maturity on terms favorable to us, or at all; | |
| ● | the loss of any member of our management team; | |
| ● | our ability to comply with debt covenants; | |
| ● | our ability to integrate acquired properties and operations into existing operations; | |
| ● | continued availability of proceeds from issuances of our debt or equity securities; | |
| ● | the availability of other debt and equity financing alternatives; | |
| ● | changes in interest rates, including the replacement of the LIBOR reference rate, under our current credit facility and under any additional variable rate debt arrangements that we may enter into in the future; | |
| ● | our ability to successfully implement our selective acquisition strategy; | |
| ● | our ability to maintain internal controls and procedures to ensure all transactions are accounted for properly, all relevant disclosures and filings are timely made in accordance with all rules and regulations, and any potential fraud or embezzlement is thwarted or detected; | |
| ● | changes in federal or state tax rules or regulations that could have adverse tax consequences; | |
| ● | declines in the market prices of our investment securities; and | |
| ● | our ability to qualify as a REIT for federal income tax purposes. |
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
| 99 | Supplemental information package for the first quarter ended December 31, 2019 and press release dated February 6, 2020. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
MONMOUTH REAL ESTATE INVESTMENT CORPORATION
| /s/ Kevin S. Miller | |
| KEVIN S. MILLER | |
| Chief Financial and Accounting Officer | |
| Date February 6, 2020 |
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