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United Mobile Homes, Inc. Reports Nine-Month Earnings

11/13/2003

FREEHOLD, N.J., Nov. 13 /PRNewswire-FirstCall/ -- United Mobile Homes, Inc. (Amex: UMH) reported net income of $6,084,000 or $0.78 a share for the nine months ended September 30, 2003, as compared to net income of $4,866,000 or $0.64 a share for the nine months ended September 30, 2002.

A summary of significant financial information for the three months and nine months ended September 30, 2003 and 2002 is as follows:

                                             For the Three Months Ended
                                           9/30/039/30/02

    Total Revenues                        $8,834,000           $7,884,000
    Net Income                            $2,314,000           $1,494,000
    Net Income Per Share                       $0.29                $0.19
    Weighted Average Shares Outstanding    7,905,000            7,627,000

                                             For the Nine Months Ended
                                           9/30/039/30/02

    Total Revenues                       $24,875,000          $22,443,000
    Net Income                            $6,084,000           $4,866,000
    Net Income Per Share                       $0.78                $0.64
    Weighted Average Shares Outstanding    7,788,000            7,587,000

United Mobile Homes, Inc., a publicly owned real estate investment trust, owns and operates 26 manufactured home communities located in New York, New Jersey, Pennsylvania, Ohio and Tennessee. In addition, the Company owns a portfolio of REIT securities.

SOURCE  United Mobile Homes, Inc.
    -0-                             11/13/2003
    /CONTACT:  Rosemarie Faccone or Susan Jordan, +1-732-577-9997, both of
United Mobile Homes/
    (UMH)

CO:  United Mobile Homes, Inc.
ST:  New Jersey
IN:  RLT FIN
SU:  ERN



MR 
-- PHTH038 --
7056 11/13/200312:20 ESThttp://www.prnewswire.com
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