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Fly News Breaks for September 6, 2019
MNR
Sep 6, 2019 | 08:26 EDT
As previously reported, Compass Point initiated Monmouth Real Estate with a Buy rating and $16.50 price target, with analyst Merrill Ross calling the company's portfolio "one of the youngest and most modern industrial portfolios that is publicly traded." The analyst changes to the global distribution system have driven nationwide occupancy of industrial buildings to 95%, with demand for space still in excess of supply, and thinks Monmouth's mid-teens growth in net asset value is sustainable and could merit a premium valuation.
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