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| UMH Properties A Residential REIT Financials Period Ending 9/30/2008 |
Copyrights 2006-2007 SGM Publishing |
UMH Properties, Inc., a real estate investment trust (REIT),
engages in the ownership and operation of manufactured home
communities. It leases manufactured home spaces to private
manufactured home owners, as well as leases homes to
residents. As of December 31, 2005, the company owned and
operated 27 manufactured home communities comprising 6,400
sites located in New York, New Jersey, Pennsylvania, Ohio, and
Tennessee. The company, through its wholly owned subsidiary,
UMH Sales and Finance, Inc., sells and finances homes to
residents and prospective residents of its communities. In
addition, it invests in debt and equity securities of REITs. The
company has elected to be taxed as a REIT under the Internal
Revenue Code. It would not be taxed on the portion of its income,
which is distributed to shareholders, provided it distributes at least
90% of its taxable income. United Mobile Homes was incorporated
in 1968. The company was formerly known as United Mobile
Homes, Inc. and changed its name to UMH Properties, Inc. in April
2006. UMH Properties is based in Freehold, New Jersey
engages in the ownership and operation of manufactured home
communities. It leases manufactured home spaces to private
manufactured home owners, as well as leases homes to
residents. As of December 31, 2005, the company owned and
operated 27 manufactured home communities comprising 6,400
sites located in New York, New Jersey, Pennsylvania, Ohio, and
Tennessee. The company, through its wholly owned subsidiary,
UMH Sales and Finance, Inc., sells and finances homes to
residents and prospective residents of its communities. In
addition, it invests in debt and equity securities of REITs. The
company has elected to be taxed as a REIT under the Internal
Revenue Code. It would not be taxed on the portion of its income,
which is distributed to shareholders, provided it distributes at least
90% of its taxable income. United Mobile Homes was incorporated
in 1968. The company was formerly known as United Mobile
Homes, Inc. and changed its name to UMH Properties, Inc. in April
2006. UMH Properties is based in Freehold, New Jersey
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