United Mobile Homes Inc., a real estate investment trust based in Freehold, N.J., has announced that it will revise its financial statements for 2002, 2003, and part of 2004 to correct its accounting treatment of certain interest rate swaps.The REIT said it had determined, in conjunction with its external auditors, that its accounting for the swaps did not meet technical documentation requirements for hedge accounting under the FAS 133 derivative accounting rule. Estimated noncash adjustments to the financial statements are expected to decrease net income by approximately $531,000 for 2002, increase it by approximately $390,000 for 2003, and increase it by approximately $249,000 for the first nine months of 2004, the company said. The manufactured housing REIT can be found online at http://www.umh.com.

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