MONMOUTH REAL ESTATE INVESTMENT CORPORATION, FY 2021 FORM 10-K
Filed November 12, 2021. Fiscal year ended September 30, 2021.
Source M1: https://www.sec.gov/Archives/edgar/data/67625/000149315221028191/form10-k.htm
These are selected faithful excerpts of company disclosures, not executed lease PDFs or evidence of rent actually received. See SOURCES.csv.

Item 2, property schedule, pp. 21-23. The filing prints the annualized rent column rounded to the nearest $1,000; it is restated here in full US dollars:
State | property | tenant | annualized rent (USD) | expiry
NY | Halfmoon (Albany) | United Parcel Service, Inc. | $595,000 | 03/31/31

Item 2, footnote (9), p. 23:
"We simultaneously entered into 10.4 year lease agreement with UPS which became effective 11/1/20. The new lease agreement provided for five months of free rent, after which, initial annual rent was $510,000, with 2.0% annual increases thereafter, resulting in a straight-line annualized rent of $541,000 over the life of the lease which matures 3/31/31."

Item 2, building schedule, p. 21: Halfmoon (Albany) (UPS), Industrial, 75,000 square feet.

Item 2, Completed Expansions, p. 23:
"In addition, effective June 4, 2021, we completed a parking lot expansion for UPS at our property located in Halfmoon (Albany), NY for a cost of approximately $835,000, resulting in an initial increase in annual rent effective on the date of completion of approximately $52,000 from approximately $510,000, or $6.80 per square foot, to approximately $562,000, or $7.50 per square foot. Furthermore, annual rent will continue to increase each year by 2.0% resulting in an annualized rent from June 4, 2021 through the remaining term of the lease of approximately $622,000, or $8.29 per square foot."

Item 2, FY2021 New and Renewed Leases, p. 24, Halfmoon lease paragraph:
"The lease agreement with UPS provides for five months of free rent, after which, on April 1, 2021, initial annual rent of $510,000, representing $6.80 per square foot, commenced, with 2.0% annual increases thereafter, resulting in a straight-line annualized rent of $541,000, representing $7.21 per square foot over the life of the lease, which expires March 31, 2031. This compares to the former U.S. GAAP straight-line rent of $574,000, representing $7.65 per square foot, and former cash rent of $8.19 per square foot, resulting in a decrease of $33,000, representing a 5.8% decrease on a U.S. GAAP straight-line basis and a decrease of 17.0% on a cash basis."

The filing does not give monthly invoices, collection receipts, the exact intra-June proration convention, the anniversary day of every future escalation, property-level operating expenses or an executed lease copy. Do not transform a rate into a proven payment. The approximately $622,000 is a described remaining-term annualized measure, not November 2021 cash rent.
