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MONMOUTH REAL ESTATE INVESTMENT CORPORATION REPORTS FIRST QUARTER EARNINGS

 EATONTOWN, N.J., Feb. 8 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NASDAQ-NMS: MNRTA) reported net income of $306,564, or 12 cents a share, for the quarter ended Dec. 31, 1992, as compared to $325,037, or 15 cents a share, for the quarter ended Dec. 31, 1991.
 MONMOUTH REAL ESTATE INVESTMENT CORPORATION
 Three months ended Dec. 31 1992 1991
 Total revenues $701,503 $665,600
 Net income 306,564 325,037
 Income per share $.12 $.15
 Weighted average shares outstanding 2,448,127 2,211,421
 The board of directors recently declared its regular quarterly dividend of $.125 per share, payable March 15, 1993, to shareholders of record Feb. 15, 1993. The company's annual dividend rate is 50 cents per share. The company is entering its 19th year of consecutive dividend payments.
 The company's offices are located at 125 Wyckoff Road, Eatontown.
 -0- 2/8/93
 /CONTACT: Rosemarie Faccone of Monmouth Real Estate Investment, 908-542-4927/
 (MNRTA)


CO: Monmouth Real Estate Investment Corporation ST: New Jersey IN: FIN SU: ERN

LR-CK -- NY039 -- 3986 02/08/93 10:18 EST
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Date:Feb 8, 1993
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