FREEHOLD, NJ (REIT Media) February 3, 2009 - On February 3, 2009, the Board of Directors of Monmouth Real Estate Investment Corporation (Nasdaq: MNRTA) declared its quarterly dividend on the Company's Common Stock of $0.15 per share payable March 16, 2009, to shareholders of record at the close of business on February 17, 2009. The Company's annual dividend rate on its Common Stock is $0.60 per share.

Also on February 3, 2009, the Board of Directors declared a dividend for the period commencing December 1, 2008 and ending February 28, 2009, of $0.4766 per share on the Company's 7.625% Series A Cumulative Redeemable Preferred Stock payable March 16, 2009, to shareholders of record at the close of business on February 17, 2009. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $1.90625 per share.

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.