-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 UhkZtog8WqmZdb9L+K5MIKAvkiOZ5EcW6U6OQT/9agrIaVg0WThxNX+nPssg+Jz9
 ueEdinZICbbav1UJ9+O/Hg==

<SEC-DOCUMENT>0000067625-03-000010.txt : 20030916
<SEC-HEADER>0000067625-03-000010.hdr.sgml : 20030916
<ACCEPTANCE-DATETIME>20030916115846
ACCESSION NUMBER:		0000067625-03-000010
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030915
FILED AS OF DATE:		20030916

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MONMOUTH REAL ESTATE INVESTMENT CORP
		CENTRAL INDEX KEY:			0000067625
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				221897375
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		3499 ROUTE 9 N, SUITE 3-C
		STREET 2:		JUNIPER BUSINESS PLAZA
		CITY:			FREEHOLD
		STATE:			NJ
		ZIP:			07728
		BUSINESS PHONE:		7325779996

	MAIL ADDRESS:	
		STREET 1:		3499 ROUTE 9 N, SUITE 3-C
		STREET 2:		JUNIPER BUSINESS PLAZA
		CITY:			FREEHOLD
		STATE:			NJ
		ZIP:			07728

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MONMOUTH REAL ESTATE INVESTMENT TRUST
		DATE OF NAME CHANGE:	19900403

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LANDY EUGENE W
		CENTRAL INDEX KEY:			0000905016

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-04258
		FILM NUMBER:		03897041

	BUSINESS ADDRESS:	
		STREET 1:		125 WYCKOFF ROAD
		STREET 2:		P O BOX 335
		CITY:			EATONTOWN
		STATE:			NJ
		ZIP:			07724
		BUSINESS PHONE:		9085424555

	MAIL ADDRESS:	
		STREET 1:		125 WYCKOFF ROAD
		STREET 2:		P O BOX 335
		CITY:			EATONTOWN
		STATE:			NJ
		ZIP:			07724
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>

<ownershipDocument>

    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2003-09-15</periodOfReport>


    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000067625</issuerCik>
        <issuerName>MONMOUTH REAL ESTATE INVESTMENT CORP</issuerName>
        <issuerTradingSymbol>mnrta</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000905016</rptOwnerCik>
            <rptOwnerName>LANDY EUGENE W</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>JUNIPER BUSINESS PLAZA, SUITE 3-C</rptOwnerStreet1>
            <rptOwnerStreet2>3499 ROUTE 9 NORTH</rptOwnerStreet2>
            <rptOwnerCity>FREEHOLD</rptOwnerCity>
            <rptOwnerState>NJ</rptOwnerState>
            <rptOwnerZipCode>07728</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>225088.4201</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>83405.2388</value>
                    <footnoteId id="F2"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Spouse</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>126585.1955</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Landy &amp; Landy Pension Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>161764.6727</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Landy &amp; Landy Profit Sharing Plan</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>60000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Eugene W. &amp; Gloria Landy Family Foundation</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>

    </nonDerivativeTable>

    <derivativeTable>

        <derivativeHolding>
            <securityTitle>
                <value>Qualified Stock Option to Purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.5</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2001-04-12</value>
            </exerciseDate>
            <expirationDate>
                <value>2005-04-12</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>65000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>
            <securityTitle>
                <value>Qualified Stock Option to Purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.765</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2002-10-04</value>
            </exerciseDate>
            <expirationDate>
                <value>2006-10-04</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>65000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>
            <securityTitle>
                <value>Qualified Stock Option to Purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>7.13</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2003-06-21</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-06-21</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>65000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>

        <derivativeHolding>
            <securityTitle>
                <value>Qualified Stock Option to Purchase Common Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>6.9</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-01-22</value>
            </exerciseDate>
            <expirationDate>
                <value>2011-01-22</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>65000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>65000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>

    </derivativeTable>

    <footnotes>
        <footnote id="F1">Includes 3,426.5265 shares acquired in September under the MNRTA Dividend Reinvestment and Stock Purchase Plan.</footnote>
        <footnote id="F2">Includes 1,421.6284 shares acquired in September under the MNRTA Dividend Reinvestment and Stock Purchase Plan.</footnote>
    </footnotes>


    <ownerSignature>
        <signatureName>Eugene W. Landy</signatureName>
        <signatureDate>2003-09-16</signatureDate>
    </ownerSignature>

</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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