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 MICHAEL P	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) President and CEO
(Last)          (First)          (Middle) BELL WORKS, 101 CRAWFORDS CORNER ROAD	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
Monmouth Real Estate Investment Corporation	12/15/2020		P		63.776	A	$15.68	517775.587 (1)	D
Monmouth Real Estate Investment Corporation								42461.623 (2)	I	Held By Spouse
Monmouth Real Estate Investment Corporation								94860.436 (3)	I	Account is C/F Daughter, Monica
Monmouth Real Estate Investment Corporation								95171.676 (4)	I	Account is C/F Son, Aaron
Monmouth Real Estate Investment Corporation								53000	I	Co-Manager of EWL Grandchildren Fund LLC

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

Explanation of Responses:
(1)	Includes 63.776 shares purchased through the Dividend Reinvestment and Stock Purchase Plan on 12/15/2020. Includes 2,222.003 shares acquired through dividend reinvestment on 12/15/2020 and 32,958 shares held in the 401K Plan as of 12/2020.
(2)	Includes 335.684 shares acquired through dividend reinvestment on 12/15/2020.
(3)	Includes 1,017.43 shares acquired through dividend reinvestment on 12/15/2020.
(4)	Includes 1,020.768 shares acquired through dividend reinvestment on 12/15/2020.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
LANDY MICHAEL P BELL WORKS 101 CRAWFORDS CORNER ROAD HOLMDEL, NJ 07733	X		President and CEO

Signatures
/s/ Becky Coleridge, attorney in fact		12/17/2020
**Signature of Reporting Person		Date