Shares of Monmouth Real Estate are up over 40% thus far in 2016, but the industrial REIT still has more room to run, said Floyd Tyler, portfolio manager of Preserver Alternative Opportunities Fund (PAORX). ‘They are growing by acquiring other distribution centers and warehouses,’ said Tyler. ‘Earnings growth and sales have been in the double digits, which makes it a great opportunity.’ Monmouth Real Estate is one of the oldest public equity REITs in the country, specializing in single-tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants.
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