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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (34,748) $ 11,037
Non-Cash items included in Net Income (Loss):    
Depreciation 10,227 8,751
Amortization of Financing Costs 205 187
Stock Compensation Expense 574 391
Provision for Uncollectible Notes and Other Receivables 378 240
(Increase) Decrease in Fair Value of Marketable Securities 38,593 (8,596)
Loss on Sales of Investment Property and Equipment 107 21
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes 910 1,019
Notes and Other Receivables (327) (1,398)
Prepaid Expenses and Other Assets 72 (2,987)
Accounts Payable (79) 792
Accrued Liabilities and Deposits 1,204 2,585
Tenant Security Deposits 179 133
Net Cash Provided by Operating Activities 17,295 12,175
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Investment Property and Equipment (16,866) (12,105)
Proceeds from Sales of Investment Property and Equipment 531 689
Additions to Land Development Costs (3,656) (2,812)
Purchase of Marketable Securities (486) (509)
Net Cash Used in Investing Activities (20,477) (14,737)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net (Payments) Proceeds on Short Term Borrowings (39,411) 7,027
Principal Payments of Mortgages (2,118) (1,909)
Financing Costs on Debt 0 (5)
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 63,132 0
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 697 8,868
Repurchase of Preferred Stock, net (12) 0
Repurchase of Common Stock, net (1,604) 0
Proceeds from Exercise of Stock Options 306 0
Preferred Dividends Paid (8,090) (5,123)
Common Dividends Paid, net of Dividend Reinvestments (6,513) (5,176)
Net Cash Provided by Financing Activities 6,387 3,682
Net Increase in Cash, Cash Equivalents and Restricted Cash 3,205 1,120
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 18,996 12,777
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 22,201 $ 13,897