FREEHOLD, N.J., Oct. 20 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH) is proud to announce that it has been added to the Morgan
Stanley REIT Index (RMS), as part of the quarterly rebalancing of this index,
effective Monday, October 20, 2003.
The Morgan Stanley REIT Index (RMS) is a market capitalization-weighted
total-return index of real estate investment trusts (REITs) that meet certain
liquidity requirements. The index was designed to track the total-return
performance of a broad group of REIT stocks, assuming dividend reinvestment in
the index on the ex-dividend date. Stocks are selected for the index based on
a prescribed set of selection criteria and rebalancing rules that should
permit investors to replicate index performance.
Samuel A. Landy, President of United Mobile Homes, Inc., stated, "United
Mobile Homes, Inc. is proud of its record of earnings and growth." In
addition, he expressed satisfaction in accomplishing his goal of increasing
the marketability of shares by being included in the various Index Funds.
"Earlier this year, UMH was included in the Russell 2000 Index. Now, we have
been added to the Morgan Stanley REIT Index. These indexes are widely used by
managers for index funds and as benchmarks for both passive and active
investment strategies. We are very proud of these milestones for our
company."
United Mobile Homes, Inc. is a publicly-owned real estate investment trust
whose primary business is the ownership and operation of manufactured home
communities, leasing manufactured home spaces to private manufactured home
owners, and leasing homes to residents. UMH owns over 6,000 sites in a total
of 26 communities located in New York, New Jersey, Pennsylvania, Ohio and
Tennessee. In addition, the Company owns a portfolio of REIT securities.
United Mobile Homes, Inc. has been in operation since 1968, operating as a
public company since 1985.
SOURCE United Mobile Homes, Inc.
-0- 10/20/2003
/CONTACT: Rosemarie Faccone or Susan Jordan, +1-732-577-9997, both of
United Mobile Homes/
(UMH)
CO: United Mobile Homes, Inc.; Morgan Stanley
ST: New Jersey
IN: RLT FIN
SU:
FB
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2275 10/20/200315:29 EDThttp://www.prnewswire.com