Monmouth Capital Corporation
administrative history
Company Overview
As of July 31, 2007, Monmouth Capital Corp. was acquired by Monmouth Real Estate Investment Corp. Monmouth Capital Corporation, together with its subsidiaries, operates as a diversified real estate investment trust (REIT). It invests in real estate equities, mortgages, mortgage-backed securities, and other REIT securities. As of December 31, 2006, the company had investments in 12 industrial warehouse properties with approximately 869,210 square feet of space. The company has elected to be taxed as a REIT for federal income tax purposes and would not be subject to income tax, provided it distributes approximately 90% of its taxable income to its shareholders. Monmouth Capital was founded in 1961 and is based in Freehold, New Jersey.