Monmouth, One Liberty Added to Russell 3000

Published July 01, 2008, 1:00 p.m. EDT

1 Min Read

Monmouth Real Estate Investment Corp., a real estate investment trust based in Freehold, N.J., and One Liberty Properties Inc., a REIT based in Great Neck, N.Y., have been added to the Russell 3000 Index. Russell Investment Group made the additions in connection with its annual reconstitution of the index. Touting the company's inclusion in the index, Monmouth president Eugene W. Landy said it should result in improved liquidity for the REIT's shareholders and "increased efficiency in the valuation of our shares." Patrick J. Callan Jr., president and chief executive officer of One Liberty, said his company's inclusion "will help raise One Liberty's visibility with investors and institutions that rely on Russell indexes as part of their investment strategy."

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