8-K

             SECURITIES AND EXCHANGE COMMISSION
                   WASHINGTON, D.C.  20549



                          FORM 8-K



                       CURRENT REPORT



           Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934


Date of Report (Date of
earliest event reported)                   May 19, 2003


           MONMOUTH REAL ESTATE INVESTMENT CORPORATION
     (Exact name of registrant as specified in its charter)


         DELAWARE              0-4258            22-1897375
  (State or other
    jurisdiction             (Commission        (IRS Employer
  of incorporation)         File Number)     Identification No.)


3499 Route 9N, Suite 3C, Freehold, NJ               07728
(Address of principal executive offices)         (Zip Code)


Registrant's telephone number,
  including area code                      (732) 577-9996



                         Not applicable
  (Former name or former address, if changed since last report)




Item 7.   Financial Statements, Pro Forma Financial
          Information and Exhibits.

  Exhibits.

  99.1     Press  Release  dated May 19, 2003,  regarding  a
      new increased line of credit.

Item 9.   Regulation FD Disclosure.

      On  May  19, 2003, the Company issued a press  release
regarding a new increased line of credit.



                           Page 2





                         SIGNATURES


     Pursuant to the requirements of the Securities Exchange
Act of  1934, the  Registrant has duly caused this report to
be  signed  on  its behalf by the undersigned hereunto  duly
authorized.

           MONMOUTH REAL ESTATE INVESTMENT CORPORATION




               /s/ Anna T. Chew
               ANNA T. CHEW
               Controller



     Date       May 19, 2003





                           Page 3

EX-99.1

FOR IMMEDIATE RELEASE         May 19, 2003
                              Contact:  Rosemarie Faccone
                              (732) 577-9996



         MONMOUTH REAL ESTATE INVESTMENT CORPORATION
          CLOSES ON A NEW INCREASED LINE OF CREDIT


Freehold, NJ, May 19, 2003   On May 19, 2003, Monmouth  Real
Estate  Investment Corporation (NASDAQ/NMS:MNRTA)  announced
that  it  has  received a line of credit from  United  Trust
Bank,  headquartered in Bridgewater, New Jersey.  The amount
of  the  facility is $10,000,000 during the first  year  and
$15,000,000 thereafter.  The line replaces a usable line  of
$6,256,000, which was to expire in November, 2003.

By  securing  this  line  of credit,  Monmouth  Real  Estate
Investment Corporation can continue to add to its  extensive
portfolio  of investments through the purchase of industrial
properties net leased to high quality tenants.

Monmouth  Real  Estate  Investment  Corporation,  which  was
organized   in  1968,  is  a  publicly-owned   real   estate
investment   trust  specializing  in  net-leased  industrial
properties.   The  Company's equity  portfolio  consists  of
thirty-two  industrial properties and  one  shopping  center
located  in  New  Jersey,  New York, Connecticut,  Maryland,
Michigan,   Mississippi,  Missouri,   Massachusetts,   Iowa,
Illinois,  Nebraska,  North Carolina, Kansas,  Pennsylvania,
Florida,   Virginia,  Ohio,   Wisconsin  and  Arizona.    In
addition, the Company owns a portfolio of REIT securities.