FREEHOLD, N.J., March 22 /PRNewswire-FirstCall/ -- Monmouth Real
Estate Investment Corporation (Nasdaq: MNRTA) is proud to announce
that it was added to the Wilshire US Real Estate Investment
Trust Index(SM) (Wilshire US REIT Index(SM) ) effective after
the markets closed on March 19, 2010
in conjunction with the quarterly rebalancing of the index.
The Wilshire US Real Estate Securities Index(SM) (Wilshire US
RESI), of which the Wilshire US REIT Index is a subset, was
introduced in September 1991 by
Wilshire Associates Incorporated, a leading global independent
investment services and consulting firm. The purpose
was to create an index of publicly traded real estate equity
securities without the limitations of other appraisal based
indexes. The recently introduced Wilshire US REIT exchange-traded
fund (NYSE Arca: WREI) is the only ETF based upon the Wilshire US
REIT Index, which measures U. S. publicly-traded real estate
investment trusts.
Eugene W. Landy, President,
stated, "We are extremely pleased to have Monmouth Real Estate
Investment Corporation gain inclusion in the Wilshire US REIT
Index. This should result in both improved liquidity for our
shareholders as well as increased efficiency in the valuation of
our shares. We look forward to remaining on this respected
benchmark for many years to come."
Monmouth Real Estate Investment Corporation, which was organized
in 1968, is a publicly-owned real estate investment trust
specializing in net-leased industrial properties. The
Company's portfolio consists of sixty-one industrial properties and
one shopping center located in twenty-five states. In
addition, the Company owns a portfolio of REIT securities.
SOURCE Monmouth Real Estate Investment Corporation