Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * LANDY EUGENE W	2. Issuer Name and Ticker or Trading Symbol MONMOUTH REAL ESTATE INVESTMENT CORP [ MNR ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Chairman of the Board
(Last)          (First)          (Middle) 101 CRAWFORDS CORNER ROAD, SUITE 1405	3. Date of Earliest Transaction (MM/DD/YYYY) 12/15/2020
(Street) HOLMDEL, NJ 07733 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
MNR Common Stock								971249.924 (1)	D
MNR Common Stock								194405	I	Eugene W. Landy and Gloria Landy Family Foundation
MNR Common Stock								43748.195	I	Juniper Plaza Associates
MNR Common Stock								32866.355	I	Windsor Industrial Park Associates
MNR Common Stock								97913.57	I	Spouse
MNR Common Stock								13048	I	Landy Investments, Ltd.
MNR Common Stock								168293.62	I	Landy & Landy Employees' Pension Plan
MNR Common Stock								201426.819	I	Landy & Landy Employees' Profit Sharing Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option to Purchase Common Stock	$14.55							1/13/2021	1/13/2028	MNR Common Stock	65000		65000	D
Stock Option to Purchase Common Stock	$12.86							1/10/2020	1/10/2027	MNR Common Stock	65000		65000	D
Qualified Stock Option to Purchase Common Stock	$17.80							1/3/2019	1/3/2026	MNR Common Stock	65000		65000	D
Qualified Stock Option to Purchase MNR Common Stock	$15.04							1/4/2018	1/4/2025	MNR Common Stock	65000		65000	D
Qualified Stock Option to Purchase MNR Common Stock	$10.37							1/5/2017	1/5/2024	MNR Common Stock	65000		65000	D
Qualified Stock Option to Purchase MNR Common Stock	$11.16							1/5/2016	1/5/2023	MNR Common Stock	65000		65000	D
Qualified Stock Option to Purchase Common Stock	$8.94							1/3/2015	1/3/2022	MNR Common Stock	65000		65000	D

Explanation of Responses:
(1)	Includes 109.27 Dividend Reinvestment Shares Acquired on 12/15/2020.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANDY EUGENE W 101 CRAWFORDS CORNER ROAD SUITE 1405 HOLMDEL, NJ 07733	X		Chairman of the Board

Signatures
Eugene W. Landy		12/16/2020
**Signature of Reporting Person		Date