ALASKA
Total Properties: 46
New Foreclosures: 12

ALABAMA
Total Properties: 1786
New Foreclosures: 510

ARKANSAS
Total Properties: 879
New Foreclosures: 198

ARIZONA
Total Properties: 718
New Foreclosures: 223

CALIFORNIA
Total Properties: 121
New Foreclosures: 35

COLORADO
Total Properties: 2576
New Foreclosures: 666

CONNECTICUT
Total Properties: 224
New Foreclosures: 48

DISTRICT OF COLUMBIA
Total Properties: 24
New Foreclosures: 16

DELAWARE
Total Properties: 92
New Foreclosures: 41

FLORIDA
Total Properties: 1587
New Foreclosures: 608

GEORGIA
Total Properties: 5782
New Foreclosures: 1533

HAWAII
Total Properties: 12
New Foreclosures: 5

IOWA
Total Properties: 938
New Foreclosures: 195

IDAHO
Total Properties: 552
New Foreclosures: 149

ILLINOIS
Total Properties: 2369
New Foreclosures: 570

INDIANA
Total Properties: 4317
New Foreclosures: 877

KANSAS
Total Properties: 1095
New Foreclosures: 233

KENTUCKY
Total Properties: 1451
New Foreclosures: 354

LOUISIANA
Total Properties: 1172
New Foreclosures: 344

MASSACHUSETTS
Total Properties: 130
New Foreclosures: 34

MARYLAND
Total Properties: 680
New Foreclosures: 299

MAINE
Total Properties: 133
New Foreclosures: 25

MICHIGAN
Total Properties: 5622
New Foreclosures: 1209

MINNESOTA
Total Properties: 744
New Foreclosures: 176

MISSOURI
Total Properties: 2518
New Foreclosures: 673

MISSISSIPPI
Total Properties: 1146
New Foreclosures: 323

MONTANA
Total Properties: 161
New Foreclosures: 27

NORTH CAROLINA
Total Properties: 4796
New Foreclosures: 1077

NORTH DAKOTA
Total Properties: 73
New Foreclosures: 14

NEBRASKA
Total Properties: 483
New Foreclosures: 105

NEW HAMPSHIRE
Total Properties: 41
New Foreclosures: 13

NEW JERSEY
Total Properties: 470
New Foreclosures: 180

NEW MEXICO
Total Properties: 690
New Foreclosures: 182

NEVADA
Total Properties: 198
New Foreclosures: 67

NEW YORK
Total Properties: 2203
New Foreclosures: 689

OHIO
Total Properties: 6857
New Foreclosures: 1606

OKLAHOMA
Total Properties: 1600
New Foreclosures: 445

OREGON
Total Properties: 681
New Foreclosures: 181

PENNSYLVANIA
Total Properties: 3503
New Foreclosures: 904

RHODE ISLAND
Total Properties: 4
New Foreclosures: 1

SOUTH CAROLINA
Total Properties: 2765
New Foreclosures: 621

SOUTH DAKOTA
Total Properties: 87
New Foreclosures: 25

TENNESSEE
Total Properties: 3300
New Foreclosures: 815

TEXAS
Total Properties: 9375
New Foreclosures: 2769

UTAH
Total Properties: 1077
New Foreclosures: 288

VIRGINIA
Total Properties: 755
New Foreclosures: 203

VERMONT
Total Properties: 29
New Foreclosures: 6

WASHINGTON
Total Properties: 1320
New Foreclosures: 366

WISCONSIN
Total Properties: 997
New Foreclosures: 231

WEST VIRGINIA
Total Properties: 444
New Foreclosures: 94

WYOMING
Total Properties: 71
New Foreclosures: 14

About Foreclosure.

Monmouth Real Estate Investment Corporation Declares Dividend

15 per share payable
March 15, 2006 to shareholders of record February 15, 2006.

mercer muskingum

com, 20,279 new foreclosed
residential properties were listed for sale in the U.S.
781-274-9148/781-274-8710
isavage@harpell.

orono mercer

, On January 11, 2006,
the Board of Directors of Monmouth Real Estate Investment Corporation
(Nasdaq: MNRTA) declared its quarterly dividend of $0.

bozeman dartmouth

duluth holyoke

Monmouth Real Estate Investment Corporation, which was organized in 1968,
is a publicly owned real estate investment trust specializing in net-leased
industrial properties.

monmouth rolla

"In Texas, for example, new
foreclosure inventory dropped by 2,320 properties as compared to
nearly a 50 percent reduction.com
Based in Boca Raton, Florida, Foreclosure.com

FREEHOLD , N.

rolla marymount

foreclosure
inventory slipped only by six percent.

morningside rolla

, According to data released today
by online foreclosure listing service Foreclosure.

athletics marymount

The total number of residential foreclosure properties available for sale in
the U."
Note to Editors: Data includes foreclosed properties in the 50 states and
the District of Columbia.com

Irene Savage/Tristam Wallace
Harpell, Inc.
In addition, the Company owns a portfolio of REIT securities.

mankato duluth

Total Inventory Numbers Remain High, Representing a Strong Investment Market

BOCA RATON, Fla.S.

moorhead marquette

The Company's equity portfolio consists of forty-one
industrial properties and one shopping center located in New Jersey, New York,
Connecticut , Maryland, Michigan, Mississippi, Missouri, Massachusetts, Iowa,
Illinois, Nebraska, North Carolina , South Carolina, Kansas, Pennsylvania,
Florida, Virginia, Ohio, Wisconsin, Arizona, Georgia, Colorado and Alabama.

marymount macalester

com is committed to delivering
the most comprehensive, up-to-date database of residential foreclosure and
FSBO properties in the United States to its customers and business partners
through its cost-effective, Web-based subscription service. Through the
company's work with hundreds of the top lending institutions and government
agencies, Foreclosure.

mississippi macmurray

On the Net: http://www.

morehead athletics

during the month of January was 78,694. The more striking number is January's total inventory
level, which remained very high despite the drop in new foreclosures," said
Brad Geisen, president and CEO, Foreclosure .

duluth rolla

bozeman morehead

com.60 per share.

mississippi holyoke

athletics orono

Compared to December 2004,
new foreclosures dropped by 41 percent, while the total U. On the other hand, total inventory only
dropped by 553 properties to 9,375.

crookston macalester

com has access to the nation's largest inventory of
residential foreclosure real estate, including Real Estate-Owned (REO)
properties; Department of Housing and Urban Development (HUD), Department of
Veterans Affairs (VA), Fannie Mae, and other government agency and financial
institution properties; as well as listings from an extensive network of
corporate sellers.

'

millikin rolla

during January 2005.S.foreclosure. The Company 's
annual dividend rate is $0.

athletics monmouth

"A reduction in the number of new foreclosures is common at the beginning
of a new year, resulting from properties not being processed as quickly during
the holiday season.

This category contains links to athletic departments of colleges and universities whose names begin with 'M.

millikin macmurray

New Foreclosure Inventory Dips to Begin 2005 Announces Foreclosure.com

duluth bozeman

com/twallace@harpell.J.

mercer orono

mississippi athletics

This means that foreclosed properties are
not selling as fast and indicates a very strong buyer's market.