Monmouth Offering Preferred Stock

Monmouth Real Estate Investment Corp., Freehold, N.J., has announced the commencement of a public offering of 1 million shares of the company's series A cumulative redeemable preferred stock.Monmouth, a real estate investment trust that specializes in net-leased industrial properties, said the underwriter is expected to be granted an option to buy up to 150,000 additional shares to cover any overallotments. The sole book-running manager of the offering is Stifel, Nicolaus & Co.