 HOLMDEL, NJ, Aug. 02, 2021 GLOBE NEWSWIRE -- Monmouth Real Estate Investment Corporation NYSE:MNR reported Net Income Attributable to Common Shareholders of 17.3 million or 0.17 per diluted share for the three months ended June 30, 2021 as compared to Net Income Attributable to Common Shareholders of 26.9 million or 0.27 per diluted share for the three months ended June 30, 2020, representing a decrease of 9.6 million or 0.10 per diluted share. During the three months ended June 30, 2021, we recognized a 16.5 million unrealized holding gain on securities or 0.17 per diluted share as compared to a 19.6 million unrealized holding gain on securities or 0.20 per diluted share for the three months ended June 30, 2020. Funds from Operations FFO, which excludes unrealized and realized gains or losses from our securities portfolio, for the three months ended June 30, 2021 were 11.5 million or 0.12 per diluted share versus 19.7 million or 0.20 per diluted share for the three months ended June 30, 2020, representing a decrease of 8.2 million or 0.08 per diluted share. The decrease in Net Income Attributable to Common Shareholders and FFO is primarily attributable to non-recurring strategic alternatives and proxy costs of 8.7 million related to our strategic alternatives process, our pending merger with Equity Commonwealth and our proxy process. FFO excluding these non-recurring costs for the three months ended June 30, 2021 were 20.2 million or 0.20 per diluted share versus 19.7 million or 0.20 per diluted share for the three months ended June 30, 2020, representing unchanged per diluted share earnings. For the three months ended June 30, 2021, Adjusted Funds from Operations AFFO, which excludes non-recurring items, including costs related to our strategic alternatives process and our proxy process and unrealized and realized gains or losses from our securities portfolio, were 19.7 million or 0.20 per diluted share compared to 19.5 million or 0.20 per diluted share for the three months ended June 30, 2020. Sequentially, our AFFO of 0.20 per diluted share for the third quarter of fiscal 2021 also was unchanged compared to our AFFO per diluted share for the second quarter of fiscal 2021. During the nine months ended June 30, 2021, we recognized a 55.4 million unrealized holding gain on our securities portfolio representing 0.56 per diluted share as compared to a 67.1 million unrealized holding loss on securities or 0.69 per diluted share for the nine months ended June 30, 2020. 