FREEHOLD, N.J., Aug. 14 /PRNewswire-FirstCall/ -- United Mobile Homes,
Inc. (Amex: UMH) reported net income of $3,770,000 or $0.49 a share for the
six months ended June 30, 2003, as compared to $3,372,000 or $0.45 a share for
the six months ended June 30, 2002.
A summary of significant financial information for the three months and
six months ended June 30, 2003 and 2002 is as follows:
Three Months Ended June 30,
2003 2002
Rental and Related Income $5,226,000$5,008,000
Net Income $1,967,000$1,520,000
Income Per Share $0.25$0.20
Weighted Avg. Shares Outstanding 7,761,000 7,590,000
Six Months Ended June 30,
2003 2002
Rental and Related Income $10,376,000$9,995,000
Net Income $3,770,000$3,372,000
Income Per Share $0.49$0.45
Weighted Avg. Shares Outstanding 7,727,000 7,570,000
United Mobile Homes, Inc., a publicly owned real estate investment trust,
owns and operates twenty-six manufactured home communities located in New
Jersey, New York, Pennsylvania, Ohio and Tennessee. In addition, the Company
owns a portfolio of REIT securities.
SOURCE United Mobile Homes, Inc.
-0- 08/14/2003
/CONTACT: Rosemarie Faccone or Susan Jordan, both of United Mobile Homes,
+1-732-577-9997/
(UMH)
CO: United Mobile Homes, Inc.
ST: New Jersey
IN: RLT FIN
SU: ERN
FB
-- PHTH039 --
1878 08/14/200315:28 EDThttp://www.prnewswire.com