SECURITIES AND EXCHANGE COMMISSION

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


SCHEDULE 13G


Under the Securities Exchange Act of 1934


Monmouth Real Estate Investment Corporation

(Name of Issuer)


Common Stock

(Title of Class of Security)


609720107

(CUSIP Number)


January 30, 2012

(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. 609720107

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. ####-##-####


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

      

719,041.647

Direct

    

150,913.571    Wife

        

 NUMBER OF

6.

SHARED VOTING POWER

     SHARES

234,426.819

E.W. Landy Profit Sharing

BENEFICIALLY

192,293.620

E.W. Landy Pension Plan

   OWNED BY

111,200.000    E.W. & Gloria Landy Family Foundation

  13,048.000    Landy Investments Ltd.

  24,828.168

Juniper Plaza Associates

  19,152.362

Windsor Industrial Park Associates


       EACH

7.

SOLE DISPOSITIVE POWER

  REPORTING

      PERSON

719,041.647

Direct

       WITH

150,913.571

Wife


8.

SHARED DISPOSITIVE POWER


234,426.819

E.W. Landy Profit Sharing

192,293.620

E.W. Landy Pension Plan

111,200.000    E.W. & Gloria Landy Family Foundation

  13,048.000    Landy Investments Ltd.

  24,828.168

Juniper Plaza Associates

  19,152.362

Windsor Industrial Park Associates




CUSIP No. 609720107

13G

Page 3 of 4 Pages


9.     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING  PERSON


     719,041.647   Direct

     150,913.571   Wife

     594,948.969    Trustee

  1,464,904.187   Total


*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 8/2/2014; (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 1/3/19; (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 8/3/12; (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 8/10/13; (e) 16,375 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 9/21/13; (f) 16,375 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 1/22/15; (g) 65,000 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 12/12/15; (h) 65,000 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 10/20/16; (i) 65,000 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 1/5/2018; and (j) 65,000 shares on which Mr. Landy has an option to purchase pursuant to the Company’s Stock Option Plan, which option expires on 1/3/20.


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:   3.67%


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. 609720107

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 30, 2012

/S/ Eugene W. Landy

______

Eugene W. Landy, President and Director

Monmouth Real Estate Investment Corporation