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 *

Miller Kevin S.
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)
Chief Financial Officer
(Last)          (First)          (Middle)

BELL WORKS, 101 CRAWFORDS CORNER ROAD, SUITE 1405
3. Date of Earliest Transaction (MM/DD/YYYY)

6/15/2021
(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         86162.8792 (1)D  

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Monmouth Real Estate Investment Corporation $13.64           12/10/2019 12/10/2026 Monmouth Real Estate Investment Corporation 22000  33000 D  
Monmouth Real Estate Investment Corporation $14.24           12/9/2017 12/9/2024 Monmouth Real Estate Investment Corporation 7022  32978 D  

Explanation of Responses:
(1) Includes 4.401 shares issued on 6/15/2021 in lieu of payment of the cash dividend in accordance with the terms of the Amended and Restated 2007 Incentive Award Plan and 2,665 shares held in the 401K Plan as of 6/2021.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Miller Kevin S.
BELL WORKS
101 CRAWFORDS CORNER ROAD, SUITE 1405
HOLMDEL, NJ 07733
X
Chief Financial Officer

Signatures
/s/ Becky G. Coleridge, attorney in fact6/16/2021
**Signature of Reporting PersonDate

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