A summary of significant financial information for the year ended December 31,
2012 Non-GAAP Information: Funds from Operations Attributable to Common Shareholders (FFO) is defined by NAREIT as net income attributable to common shareholders excluding gains (or losses) from sales of depreciable assets, plus depreciation.  FFO per share is defined as FFO divided by the weighted average shares outstanding. FFO and FFO per share should be considered as supplemental measures of operating performance used by real estate investment trust (REITs). FFO and FFO per share exclude historical cost depreciation as an expense and may facilitate the comparison of REITs which have different cost basis. The items excluded from FFO and FFO per share are significant components in understanding and assessing the Company’s financial performance. FFO and FFO per share (1) do not represent cash flow from operations as defined by generally accepted accounting principles; (2) should not be considered as alternatives to net income or net income per share as measures of operating performance or to cash flows from operating, investing and financing activities; and (3) are not alternatives to cash flow as a measure of liquidity. FFO and FFO per share, as calculated by the Company, may not be comparable to similarly entitled measures reported by other REITs. Core FFO is defined as FFO plus acquisition costs and Loss Relating to the Flood.
The Company’s FFO and Core FFO for the three and twelve months ended December 31,
2012 Net Income Attributable to Common          The following are the cash flows provided (used) by operating, investing and financing activities for the twelve months ended December 31, 2012 A summary of significant balance sheet information as of December 31, 2012 Acquired 17 Communities containing a total of 1,700 developed home sites for $47.6 million Raised approximately $75 million in common and preferred equity capital Realized $4.1 million in gains from our investments in REIT securities Increased occupancy from 77% to 80%
Mr. Landy stated, “UMH is pleased with its accomplishments during the year. Following the 11% growth in the size of our portfolio achieved in 2011, we have added another 17 communities containing 1,700 developed home sites this year for $47.6 million “Over the past three years, we have been very successful in harnessing gains on our securities investment and redeploying that capital into our community acquisitions. Our securities portfolio generated $4.1 million
“Our portfolio occupancy increased 300 basis points year over year, from 77% at December 31, 2011
UMH, a publicly-owned REIT, owns and operates sixty-seven manufactured home communities containing approximately 12,500 developed home sites. These communities are located in New Jersey
Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. Factors and risks that could cause actual results or events to differ materially from expectations are contained in the Company’s annual report on Form 10-K and described from time to time in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.