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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
INCOME:    
Rental and Related Income $ 38,713 $ 34,358
Sales of Manufactured Homes 4,419 3,215
Total Income 43,132 37,573
EXPENSES:    
Community Operating Expenses 17,137 15,508
Cost of Sales of Manufactured Homes 3,471 2,401
Selling Expenses 1,131 1,097
General and Administrative Expenses 3,441 2,586
Depreciation Expense 11,008 10,227
Total Expenses 36,188 31,819
OTHER INCOME (EXPENSE):    
Interest Income 817 717
Dividend Income 1,302 1,743
Loss on Sales of Marketable Securities, net (730) 0
Increase (Decrease) in Fair Value of Marketable Securities 10,219 (38,593)
Other Income 147 163
Interest Expense (4,798) (4,425)
Total Other Income (Expense) 6,957 (40,395)
Income (Loss) before Loss on Sales of Investment Property and Equipment 13,901 (34,641)
Loss on Sales of Investment Property and Equipment (23) (107)
Net Income (Loss) 13,878 (34,748)
Less: Preferred Dividends (7,039) (8,090)
Net Income (Loss) Attributable to Common Shareholders $ 6,839 $ (42,838)
Net Income (Loss) Attributable to Common Shareholders Per Share – Basic and Diluted $ 0.16 $ (1.04)
Weighted Average Common Shares Outstanding:    
Basic 42,377 41,173
Diluted 43,275 41,173