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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
INCOME:    
Rental and Related Income $ 34,358 $ 30,644
Sales of Manufactured Homes 3,215 3,643
Total Income 37,573 34,287
EXPENSES:    
Community Operating Expenses 15,508 15,144
Cost of Sales of Manufactured Homes 2,401 2,589
Selling Expenses 1,097 1,091
General and Administrative Expenses 2,586 2,175
Depreciation Expense 10,227 8,751
Total Expenses 31,819 29,750
OTHER INCOME (EXPENSE):    
Interest Income 717 515
Dividend Income 1,743 1,937
Increase (Decrease) in Fair Value of Marketable Securities (38,593) 8,596
Other Income 163 120
Interest Expense (4,425) (4,647)
Total Other Income (Expense) (40,395) 6,521
Income (Loss) before Loss on Sales of Investment Property and Equipment (34,641) 11,058
Loss on Sales of Investment Property and Equipment (107) (21)
Net Income (Loss) (34,748) 11,037
Less: Preferred Dividends (8,090) (5,123)
Net Income (Loss) Attributable to Common Shareholders $ (42,838) $ 5,914
Basic Income (Loss) Per Share:    
Net Income (Loss) $ (0.84) $ 0.29
Less: Preferred Dividends (0.2) (0.13)
Net Income (Loss) Attributable to Common Shareholders (1.04) 0.16
Diluted Income (Loss) Per Share:    
Net Income (Loss) (0.84) 0.28
Less: Preferred Dividends (0.2) (0.13)
Net Income (Loss) Attributable to Common Shareholders $ (1.04) $ 0.15
Weighted Average Common Shares Outstanding:    
Basic 41,173 38,645
Diluted 41,173 38,895