Monmouth Real Estate Investment Corporation reported earnings results for the first quarter ended December 31, 2021. For the first quarter, the company reported sales was USD 41 million compared to USD 36.85 million a year ago. Revenue was USD 48.47 million compared to USD 43.96 million a year ago.

Net income was USD 19.83 million compared to USD 33.92 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.26 a year ago.