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)              January 13, 2011

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 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 13, 2011, Michael P. Landy, Monmouth Real Estate Investment Corporation’s (the Company) Executive Vice President was appointed Chief Operating Officer and Chairman of the Company’s Executive Committee.  Previously, Mr. Michael Landy was serving as the Company’s Executive Vice President and Chairman of the Executive Committee.  Mr. Michael Landy, 48, has been with the Company since 2001 and has been a Director of the Company since 2007.  Mr. Michael Landy is also Vice President of Investments of UMH Properties, Inc. (NYSE Amex: UMH), an affiliated company.  Prior to joining the Company, Mr. Michael Landy was President (1998 to 2001) of Siam Records, LLC and Chief Engineer and Technical Director (1987 to 1998) of GRP Recording Company.  Mr. Michael Landy is the son of Eugene W. Landy, President and Chief Executive Officer of the Company.

Mr. Michael Landy’s employment contract with the Company was amended on January 19, 2011 and is filed herein as exhibit 99.1.   

A copy of the press release issued by the Company in connection with the promotion of Mr. Michael Landy is furnished as Exhibit 99.2 to this Form 8-K.  

Page 2

Item 9.01   Financial Statements and Exhibits.

(c)   Exhibits.

99.1 – Amendment to Employment Agreement – dated January 19, 2011.

99.2 - Press release dated January 14, 2011.

Page 3

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/   Maureen Vecere

                                Maureen Vecere

                                Chief Financial and Accounting Officer

     Date        January 19, 2011

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EX-99.1

FOR IMMEDIATE RELEASE	January 14, 2011
	Contact:  Susan Jordan
	732-577-9997

MONMOUTH REAL ESTATE INVESTMENT CORPORATION

ANNOUNCES PROMOTION OF MICHAEL LANDY

Freehold, N.J., January 14, 2011……….Monmouth Real Estate Investment Corp. (NYSE: MNR) today announced that Michael P. Landy, the Company’s Executive Vice President and Chairman of the Executive Committee, has been promoted to Chief Operating Officer.  He is also a member of the Company’s Board of Directors. Mr. Landy has been with the Company since 2001.

Eugene W. Landy, President and CEO, stated, “Michael has been instrumental in the significant progress Monmouth has made. His leadership is respected throughout the organization. I have complete confidence in his ability to continue to create long-term value well into the future.”

Michael P. Landy stated, “It is my privilege and honor to work alongside our dedicated and talented team. Our business model has proven itself over many real estate cycles. Monmouth has a forty-four year history of success and integrity. I view that as our greatest resource for all future decision making.”

Monmouth Real Estate Investment Corp., which was organized in 1968, is a publicly-owned REIT specializing in net-leased industrial properties. The Company’s portfolio consists of sixty-four 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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EX-99.2

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (“the Amendment”) is effective January 19, 2011 by and between MONMOUTH REAL ESTATE INVESTMENT CORPORATION, a Maryland corporation (the “Company”), and MICHAEL P. LANDY, an individual (the “Employee”).

WITNESSETH:

WHEREAS, in accordance with the recommendations of the Compensation Committee of the Company at its meeting on January 13, 2011, it was determined to amend the current compensation agreement of the Employee.

NOW, THEREFORE, the following amendments are hereby added to the Employment Agreement dated January 20, 2009, by and between the Company and the Employee.

1.

Employee’s title shall be and is hereby known as Chief Operating Officer and Chairman of the Executive Committee;

2.

For the year beginning January 1, 2011 and ending on December 31, 2011, Employee’s base salary shall be $285,109.

IN WITNESS WHEREOF, this Amendment has been duly executed by the Company and the Employee on the date first above written.

ATTEST:
/s/Elizabeth Chiarella	/s/ Michael P. Landy
Elizabeth Chiarella, Secretary	By Michael P. Landy, Employee
	MONMOUTH REAL ESTATE INVESTMENT CORPORATION
	/s/Eugene W. Landy
	By Eugene W. Landy, President