UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
Monmouth Real Estate Investment Corp.
(Name of Issuer)
Common Stock ($0.01 par)
(Title of Class of Securities)
609720107
(CUSIP Number)
February 27, 2003
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
13G is filed:
|X| Rule 13d-1(b)
|_| Rule 13d-1(c)
|_| Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 609720107 13G Page 2 of 6 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Palisade Capital Management, L.L.C.
22-3330049
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
N/A (b) |_|
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,257,253*
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BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
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EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,257,253*
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PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,257,253*
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.64%*
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12. TYPE OF REPORTING PERSON*
IA
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* The shares of the Issuer beneficially owned by the reporting person are held
on behalf of the reporting person's client in an account over which the
reporting person has complete investment discretion. No other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such shares.
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CUSIP No. 609720107 13G Page 3 of 6 Pages
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1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Palisade Concentrated Equity Partnership, L.P.
22-3699993
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) |_|
N/A (b) |_|
--------------------------------------------------------------------------------
3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
New Jersey
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NUMBER OF 5. SOLE VOTING POWER
SHARES 1,257,253
-----------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY N/A
-----------------------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 1,257,253
-----------------------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH N/A
--------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,257,253
--------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
N/A |_|
--------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.64%
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12. TYPE OF REPORTING PERSON*
PN
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Item 1(a). Name of Issuer:
Monmouth Real Estate Investment Corp.
____________________________________________________________________
Item 1(b). Address of Issuer's Principal Executive Offices:
3499 Route 9N, Suite 3-C,
Juniper Business Plaza, Freehold, NJ 07728.
____________________________________________________________________
Item 2(a). Name of Person Filing:
Palisade Capital Management, L.L.C.
____________________________________________________________________
Item 2(b). Address of Principal Business Office, or if None, Residence:
One Bridge Plaza, Suite 695, Fort Lee, NJ 07024
____________________________________________________________________
Item 2(c). Citizenship:
New Jersey
____________________________________________________________________
Item 2(d). Title of Class of Securities:
Common Stock ($0.01 par value)
____________________________________________________________________
Item 2(e). CUSIP Number:
609720107
____________________________________________________________________
Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), Check Whether the Person Filing is a:
(a) |_| Broker or dealer registered under Section 15 of the Exchange
Act.
(b) |_| Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) |_| Insurance company as defined in Section 3(a)(19) of the
Exchange Act.
(d) |_| Investment company registered under Section 8 of the
Investment Company Act.
(e) |X| An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) |_| An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) |_| A parent holding company or control person in accordance with
Rule 13d-1(b)(1)(ii)(G);
(h) |_| A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) |_| A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) |_| Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
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Item 4. Ownership.
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned:
1,257,253
(b) Percent of class:
9.64%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,257,253
(ii) Shared power to vote or to direct the vote N/A
(iii) Sole power to dispose or to direct the disposition of 1,257,253
(iv) Shared power to dispose or to direct the disposition of N/A
Item 5. Ownership of Five Percent or Less of a Class.
N/A
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
The shares of the Issuer beneficially owned by the reporting persons are
held on behalf of the reporting persons' clients in accounts over which the
reporting persons have complete investment discretion. No other person has the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such shares. No client account contains more than
five percent of the class.
_______________________________________________________________________
Item 7. Identification and Classification of the Subsidiary Which Acquired the
Security Being Reported on by the Parent Holding Company or Control
Person.
N/A
_______________________________________________________________________
Item 8. Identification and Classification of Members of the Group.
N/A
_______________________________________________________________________
Item 9. Notice of Dissolution of Group.
N/A
______________________________________________________________________
Item 10. Certifications.
By signing below, I certify that, to the best of my knowledge and belief, the
securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of
such securities and were not acquired and are not held in connection with or as
a participant in any transaction having that purpose or effect.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
March 7, 2003
-------------
Date
Palisade Capital Management, LLC
/s/ Steven E. Berman
------------------------
Steven E. Berman, Member
Palisade Concentrated Equity Partnership, LP
By: Palisade Concentrated Equity Holdings, LLC,
General Partner
/s/ Steven E. Berman
------------------------
Steven E. Berman, Member
Attention: Intentional misstatements or omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
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