SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 21)*
Monmouth Real Estate Investment Corporation
(Name of Issuer)
Common Stock
(Title of Class of Security)
609720107
(CUSIP Number)
January 27, 2004
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect
to the subject class of securities, and for any subsequent
amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section
18 of the Securities Exchange Act of 1934 ("Act") or
otherwise subject to the liabilities of that section of the
Act but shall be subject to all other provisions of the Act
(however, see the Notes).
(Continued on following page(s))
Page 1 of 4 Pages
CUSIP No. 11-1897375 13G Page 2 of 4 Pages
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Eugene W. Landy S.S. #150-24-4993
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a)
(b) X
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Mr. Landy is a United States citizen.
5. SOLE VOTING POWER
228,367.5013 Direct
84,765.6946 Wife
NUMBER OF 6. SHARED VOTING POWER
SHARES 161,764.6727 E.W. Landy Profit Sharing
BENEFICIALLY 126,585.1955 E.W. Landy Pension Plan
OWNED BY 60,000.0000 E.W. & Gloria Landy Family
Foundation
EACH 7. SOLE DISPOSITIVE POWER
REPORTING
PERSON 228,367.5013 Direct
WITH 84,765.6946 Wife
8. SHARED DISPOSITIVE POWER
161,764.6727 E.W. Landy Profit Sharing
126,585.1955 E.W. Landy Pension Plan
60,000.0000 E.W. & Gloria Landy Family
Foundation
CUSIP No. 11-1897375 13G Page 3 of 4 Pages
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
228,367.5013 Direct 348,349.8682 Trustee
84,765.6946 Wife Total: 661,483.0641*
*Does not include (a) 65,000 shares on which Mr. Landy has
an option to purchase pursuant to the Company's Stock
Option Plan, which option expires on 4/12/05; (b) 65,000
shares on which Mr. Landy has an option to purchase
pursuant to the Company's Stock Option Plan, which option
expires on 10/4/06; (c) 65,000 shares on which Mr. Landy
has an option to purchase pursuant to the Company's Stock
Option Plan, which option expires on 6/21/10; (d) 65,000
shares on which Mr. Landy has an option to purchase
pursuant to the Company's Stock Option Plan, which option
expires on 1/22/11; and (e) 758,443.2562 shares held by
United Mobile Homes, Inc. Eugene W. Landy is Chairman of
the Board of United Mobile Homes, Inc. and owns 12.63% of
United Mobile Homes, Inc. (excluding shares of United
Mobile Homes, Inc. held by Mr. Landy's adult children).
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
Excludes shares held by Mr. Landy's adult children in
which he disclaims any beneficial interest.
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN. ROW 9
4.14%
12. TYPE OF REPORTING PERSON*
IN
CERTIFICATION
By signing below, I certify that, to the best of
my knowledge and belief, the securities referred to above
were not acquired and are not held for the purpose of or
CUSIP No. 11-1897375 13G Page 4 of 4 Pages
with the effect of changing or influencing the control of
the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any
transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this statement is true, complete and correct.
January 27, 2004
Date
/s/ Eugene W.Landy
Eugene W. Landy
President and Director of
Monmouth Real Estate
Investment Corporation