Profile: Monmouth Real Estate Investment Corporation (MNRTA.O)

Monmouth Real Estate Investment Corporation is a real estate investment trust (REIT). The Company’s primary business is the ownership of real estate. Its investment focus is to own net leased industrial properties, which are leased to investment-grade tenants on long-term leases. In addition, the Company holds a portfolio of REIT securities. Monmouth Real Estate Investment Corporation derives its income primarily from real estate rental operations. The Company has approximately 6,068,000 square feet of space that it leases, of which approximately 2,793,000 square feet, or 46%, is leased to Federal Express Corporation (FDX) and its subsidiaries, and approximately 279,000 square feet, or 5%, is leased to Keebler Company, a subsidiary of the Kellogg Company. At September 30, 2008, the Company’s occupancy was 98%.

At September 30, 2008, the Company owned 58 rental properties. These properties are located in 25 states, including Alabama, Arizona, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Kansas, Maryland, Michigan, Minnesota, Missouri, Mississippi, North Carolina, Nebraska, New Jersey, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia and Wisconsin. All properties are leased on a net basis except the industrial park in Monaca, Pennsylvania and the shopping center in Somerset, New Jersey.