Marketable Securities	3 Months Ended
Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	NOTE 3 – MARKETABLE SECURITIES The Company’s marketable securities consists primarily of marketable common and preferred stock of other REITs with a fair value of $78.1 million as of March 31, 2020, which represents 6.3% of undepreciated assets. The Company generally limits its investment in marketable securities to no more than approximately 15% of its undepreciated assets. The REIT securities portfolio provides the Company with additional liquidity and additional income and serves as a proxy for real estate when more favorable risk adjusted returns are not available. During the three months ended March 31, 2020, the Company made purchases of $486,000 in marketable securities. Of this amount, the Company made total purchases of 39,000 common shares of Monmouth Real Estate Investment Corporation (“MREIC”), a related REIT, through MREIC’s Dividend Reinvestment and Stock Purchase Plan for a total cost of $437,000 or a weighted average cost of $11.20 per share. The Company owned a total of 2.6 million MREIC common shares as of March 31, 2020 at a total cost of $24.4 million and a fair value of $31.5 million. As of March 31, 2020, the Company had total net unrealized losses of $63.8 million in its REIT securities portfolio. For the three months ended March 31, 2020 the Company recorded a $38.6 million decrease in the fair value of these marketable securities. The Company held twenty-one securities that had unrealized losses as of March 31, 2020. The Company normally holds REIT securities long-term and has the ability and intent to hold these securities to recovery.

Marketable Securities

3 Months Ended

Mar. 31, 2020

Investments, Debt and Equity Securities [Abstract]

NOTE 3 – MARKETABLE SECURITIES

The Company’s marketable securities consists primarily of marketable common and preferred stock of other REITs with a fair value of $78.1 million as of March 31, 2020, which represents 6.3% of undepreciated assets. The Company generally limits its investment in marketable securities to no more than approximately 15% of its undepreciated assets. The REIT securities portfolio provides the Company with additional liquidity and additional income and serves as a proxy for real estate when more favorable risk adjusted returns are not available.

During the three months ended March 31, 2020, the Company made purchases of $486,000 in marketable securities. Of this amount, the Company made total purchases of 39,000 common shares of Monmouth Real Estate Investment Corporation (“MREIC”), a related REIT, through MREIC’s Dividend Reinvestment and Stock Purchase Plan for a total cost of $437,000 or a weighted average cost of $11.20 per share. The Company owned a total of 2.6 million MREIC common shares as of March 31, 2020 at a total cost of $24.4 million and a fair value of $31.5 million.

As of March 31, 2020, the Company had total net unrealized losses of $63.8 million in its REIT securities portfolio. For the three months ended March 31, 2020 the Company recorded a $38.6 million decrease in the fair value of these marketable securities. The Company held twenty-one securities that had unrealized losses as of March 31, 2020. The Company normally holds REIT securities long-term and has the ability and intent to hold these securities to recovery.