8-K

UNITED STATES

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)              December 23, 2008

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

(Exact name of Registrant as specified in its charter)

MARYLAND                         001-33177                22-1897375

(State or other jurisdiction     (Commission        (IRS Employer

of incorporation)                 File Number)            Identification Number)

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

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

[  ] Written communications pursuant to Rule 425 under Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 142-12 under the Exchange Act (17 CFR 240.14a-12

[  ] Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01     Regulation FD Disclosure.

On December 23, 2008, the Company issued a press release announcing the leasing of a 26,340 square foot industrial property in Ridgeland, Mississippi, to Graybar Electric Company.

Item 9.01   Financial Statements and Exhibits.

(c)   Exhibits.

99

Press Release dated December 23, 2008.

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

                                Chief Financial Officer

     Date        December 24, 2008

Page 3

EX-99

FOR IMMEDIATE RELEASE

December 23, 2008       

Contact:  

Susan Jordan

(732) 577-9996

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

LEASES PROPERTY IN RIDGELAND, MISSISSIPPI

Freehold, NJ,   December 23, 2008……….

Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA) is pleased to announce the leasing of its property at 105 Business Park Drive in Ridgeland, Mississippi.  The building was purchased by Monmouth in 1993 and tenanted by Keebler through 2003, and by Oxford Automotive Alabama, Inc., from 2003 through 2004.  This 26,340 square foot property has now been leased through 2019 to Graybar Electric Company, a New York corporation with its principal place of business in St. Louis, Missouri.   The tenant has an option to terminate this lease in 2014.

According to Eugene Landy, President, “Our portfolio of fifty-seven industrial properties and one shopping center continues to deliver strong occupancy rates.  With the leasing of the Ridgeland building, the long-term visibility and predictability of Monmouth’s high quality income streams is enhanced.”

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 fifty-seven industrial properties and one shopping center located in twenty-five states.  In addition, the Company owns a portfolio of REIT securities.

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