United Mobile Homes, Inc. Reports Nine-Month Earnings
10 11월 2004 - 5:02AM
PR Newswire (US)
United Mobile Homes, Inc. Reports Nine-Month Earnings FREEHOLD,
N.J., Nov. 9 /PRNewswire-FirstCall/ -- United Mobile Homes, Inc.
(AMEX:UMH) reported net income of $6,136,000 or $0.72 a share for
the nine months ended September 30, 2004, as compared to net income
of $6,084,000 or $0.78 a share for the nine months ended September
30, 2003. A summary of significant financial information for the
three months and nine months ended September 30, 2004 and 2003 is
as follows: For the Three Months Ended 9/30/04 9/30/03 Total
Revenues $8,131,000 $8,834,000 Net Income $1,190,000 $2,314,000 Net
Income Per Share $0.14 $0.29 Weighted Average Shares Outstanding
8,723,000 7,905,000 For the Nine Months Ended 9/30/04 9/30/03 Total
Revenues $25,675,000 $24,875,000 Net Income $6,136,000 $6,084,000
Net Income Per Share $0.72 $0.78 Weighted Average Shares
Outstanding 8,486,000 7,788,000 The decrease in net income for the
three months ended September 30, 2004 as compared to the three
months ended September 30, 2003 is due mainly to the Company
recognizing fewer gains on securities available for sale
transactions and recognizing a $454,000 loss on settled futures
contracts during the third quarter for 2004. The third quarter
results are not indicative of management's anticipated results for
the quarter ending December 31, 2004. 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. DATASOURCE: United Mobile Homes, Inc.
CONTACT: Rosemarie Faccone or Susan Jordan of United Mobile Homes,
Inc., +1-732-577-9997
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