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UNITED MOBILE HOMES, INC. REPORTS NINE-MONTH EARNINGS

 UNITED MOBILE HOMES, INC. REPORTS NINE-MONTH EARNINGS
 EATONTOWN, N.J., Nov. 11 /PRNewswire/ -- Eugene W. Landy, president


of United Mobile Homes, Inc. (NASDAQ: UMHI), reported net income of $750,831, or $.16 a share, for the nine months ended Sept. 30, 1992 as compared to net income of $538,718, or $.12 a share, for the nine months ended Sept. 30, 1991.
 A summary of significant financial information for the three months and nine months ended Sept. 30, 1992 and the comparable periods ended Sept. 30, 1991 is as follows:
 UNITED MOBILE HOMES, INC.
 Three months ended Sept. 30 1992 1991
 Total revenues $2,762,350 $2,501,783
 Net income 215,420 229,011
 Weighted average shares 4,873,922 4,561,673
 Net income per share $.04 $.05
 Nine months ended Sept. 30 1992 1991
 Total revenues $8,122,729 $7,303,350
 Net income 750,831 538,718
 Weighted average shares 4,795,849 4,488,895
 Net income per share $.16 $.12
 Funds from operations, defined as net income excluding gain on sale of assets plus depreciation and amortization, increased by $324,180 to $2,095,261 for the nine months ended Sept. 30, 1992, compared to $1,771,081 for the nine months ended Sept. 30, 1991.
 The board of directors of United Mobile Homes, Inc. previously announced that it had increased its quarterly dividend by 50 percent. The new quarterly dividend of $.075 a share is payable Dec. 15, 1992 to shareholders of record Nov. 16, 1992. The new $.30 per share annual dividend rate is based on an anticipated increase in earnings for 1993.
 United Mobile Homes, Inc. owns and operates twenty mobile home parks located in New York, New Jersey, Pennsylvania, Ohio and Tennessee. The company intends to acquire additional parks in 1993, including making its first entry into the large Florida market.
 -0- 11/11/92
 /CONTACT: Rosemarie Faccone of United Mobile Homes, Inc., 908-389-3890/
 (UMHI) CO: United Mobile Homes, Inc. ST: New Jersey IN: LEI SU: ERN


PS-OS -- NY025 -- 9691 11/11/92 11:21 EST
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Date:Nov 11, 1992
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