UMH Umh Properties Common Stock

Monmouth Capital Corporation Reports Six-Month Earnings FREEHOLD, N.J., Aug. 13 /PRNewswire-FirstCall/ -- Monmouth Capital Corporation (Nasdaq SmallCap: MONM) reported net income of $1,041,000 or $0.33 a share for the six months ended June 30, 2004, as compared to $676,000 or $0.25 a share for the six months ended June 30, 2003. A summary of significant financial information for the three months and six months ended June 30, 2004 and 2003 is as follows: Three Months Ended June 30, 2004 2003 Total Income $1,209,000 $843,000 Net Income $253,400 $300,000 Income Per Share $0.08 $0.10 Weighted Avg. Shares Outstanding 3,257,000 2,843,000 Six Months Ended June 30, 2004 2003 Total Income $2,955,000 $1,700,000 Net Income $1,041,000 $676,000 Income Per Share $0.33 $0.25 Weighted Avg. Shares Outstanding 3,185,000 2,658,000 Monmouth Capital Corporation is currently operating as a hybrid real estate investment trust (REIT), investing in real estate equities, mortgages, mortgage-backed securities and other REIT securities. MONM is part of a family of REITs including United Mobile Homes, Inc. (AMEX:UMH), which invests in manufactured home communities, and Monmouth Real Estate Investment Corporation (NASDAQ:MNRTA), which invests in net-leased industrial properties on long-term leases to investment grade tenants. It is MONM's intention to pursue any real estate opportunities other than the specialized areas of United Mobile Homes, Inc. and Monmouth Real Estate Investment Corporation. DATASOURCE: Monmouth Capital Corporation CONTACT: Rosemarie Faccone or Susan Jordan, Monmouth Capital Corporation, +1-732-577-9997

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