UMH Properties, Inc

(AMEX:UMH)

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	10,240	10,459	8,316	8,718
Operating Revenue	9,210	9,243	8,039	9,052
Adjustments To Revenue	—	—	—	—
Cost Of Sales	5,690	5,816	4,667	5,325
Cost Of Sales With Depreciation	5,574	5,816	4,667	5,325
Gross Operating Profit	3,519	3,427	3,371	3,727
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	1,279	1,214	1,394	1,341
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	2,241	2,213	1,977	2,386
Operating Income	—	—	—	—
Depreciation	939	1,056	1,054	1,005
Depreciation Unreconciled	1,017	1,018	1,015	963
Amortization	38	38	39	42
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	1,301	1,157	923	1,381
Non Operating Expenses
Interest Expense	1,140	886	1,501	1,299
Pre Tax Income	1,201	1,511	-305	-243
Income Taxes	—	—	—	—
Minority Interest	—	—	—	—
Income Before Income Taxes	—	—	—	—
Net Income From Continuing Operations	1,201	1,511	-305	-243
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	1,201	1,511	-305	-243
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	1,201	1,511	-305	-243
Normalized Income	1,201	1,511	-305	-243
NetIncome Available For Common	1,201	1,511	-305	-243
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Operating revenue
Total Revenue	38,841	42,645	39,340	34,358
Operating Revenue	36,670	38,986	39,340	28,933
Adjustments To Revenue	—	—	—	—
Cost Of Sales	23,004	24,708	21,738	16,678
Cost Of Sales With Depreciation	23,004	24,708	21,738	16,678
Gross Operating Profit	13,666	14,278	17,602	12,255
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	5,296	5,327	4,838	3,664
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	8,370	8,951	12,764	8,591
Operating Income	—	—	—	—
Depreciation	3,836	3,654	3,616	3,306
Depreciation Unreconciled	3,658	3,416	3,354	3,175
Amortization	178	238	262	131
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	4,534	5,297	9,148	5,286
Non Operating Expenses
Interest Expense	4,171	3,274	2,201	2,530
Pre Tax Income	2,633	5,840	6,990	8,202
Income Taxes	—	—	—	—
Minority Interest	—	—	—	—
Income Before Income Taxes	—	—	—	—
Net Income From Continuing Operations	2,633	5,840	6,990	8,202
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	2,633	5,840	6,990	8,202
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	2,633	5,840	6,990	8,202
Normalized Income	2,633	5,840	6,990	8,202
NetIncome Available For Common	2,633	5,840	6,990	8,202
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—