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No. of Recommendations: 7
Martin:

I don't know much about MNR but I have owned the preferreds from time to time.

Without doing any research other than simply looking at the dividend history since 2005 (dead flat at $0.15/Q), I have to ask why would I want to take common stock risk for a 6% yield in a common stock that has shown ZERO dividend growth for a full decade and anemic at best dividend growth for many years before 2005.

This REIT screams under-performer. Unless my research tells me that the REIT is going to change its character and show very good dividend growth going forward, I would rather own a preferred yielding 6% anyday.
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