Monmouth Capital Corporation operates as a real estate investment trust (REIT). It invests in real estate equities, mortgages, mortgage-backed securities, and other REIT securities. As of December 31, 2005, the company had investments in 11 industrial warehouse properties with approximately 779,000 square feet of space. It also sells manufactured homes. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal income tax to the extent that it distributes at least 90% of its REIT taxable income to its shareholders. Monmouth Capital was founded in 1961 and is based in Freehold, New Jersey.