MONM Monmouth Capital Corp (MM)

Monmouth Capital Corporation Reports Year-End Earnings FREEHOLD, N.J., March 11 /PRNewswire-FirstCall/ -- Monmouth Capital Corporation (NASDAQ:MONM) reported a net income of $1,237,000 or $.37 a share for the year ended December 31, 2004, as compared to $1,283,000 or $.45 a share for the year ended December 31, 2003. A summary of significant financial information for the years ended December 31, 2004 and December 31, 2003 is as follows: For the year ended For the year ended December 31, 2004 December 31, 2003 Total Revenues $5,309,000 $3,808,000 Total Expenses $3,937,000 $2,425,000 Net Income $1,237,000 $1,283,000 Net Income Per Share $.37 $.45 Weighted Avg. Shares Outstanding 3,362,000 2,825,000 For the Quarters Ended December 31, 2004 2003 Total Revenues $1,391,000 $995,000 Total Expenses $1,259,000 $930,000 Net Income $213,000 $28,000 Income Per Share $.06 $.01 Weighted Avg. Shares Outstanding 3,666,000 3,042,000 Eugene W. Landy, President, stated, "Management is pleased with the progress made by Monmouth Capital Corporation in 2004. The Company acquired three new industrial properties during the year which increased the Company's property holdings by 69% over the prior year." Monmouth Capital Corporation is currently operating as a diversified real estate investment trust (REIT), investing in real estate equities, mortgages, mortgage-backed securities and other REIT securities. MONM is part of a family of REITs including United Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home communities, and Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA), which invests in net-leased industrial properties on long-term leases to investment grade tenants. MONM pursues any real estate opportunities other than the specialized areas of United Mobile Homes, Inc. and Monmouth Real Estate Investment Corporation. DATASOURCE: Monmouth Capital Corporation CONTACT: Rosemarie Faccone or Susan Jordan, Monmouth Capital Corporation, +1-732-577-9993

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