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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 13,878 $ (34,748)
Non-Cash items included in Net Income (Loss):    
Depreciation 11,008 10,227
Amortization of Financing Costs 176 205
Stock Compensation Expense 750 574
Provision for Uncollectible Notes and Other Receivables 234 378
Loss on Sales of Marketable Securities, net 730 (0)
(Increase) Decrease in Fair Value of Marketable Securities (10,219) 38,593
Loss on Sales of Investment Property and Equipment 23 107
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (2,098) 910
Notes and Other Receivables, net of notes acquired with acquisitions (302) (327)
Prepaid Expenses and Other Assets (2,000) 72
Accounts Payable 277 (79)
Accrued Liabilities and Deposits 545 1,204
Tenant Security Deposits 213 179
Net Cash Provided by Operating Activities 13,215 17,295
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities (8,358) 0
Purchase of Investment Property and Equipment (12,189) (16,866)
Proceeds from Sales of Investment Property and Equipment 576 531
Additions to Land Development Costs (3,261) (3,656)
Purchase of Marketable Securities (3) (486)
Proceeds from Sales of Marketable Securities 4,509 0
Net Cash Used in Investing Activities (18,726) (20,477)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net Payments on Short-Term Borrowings (11,277) (39,411)
Principal Payments of Mortgages (564) (2,118)
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 30,864 63,132
Proceeds from At-The-Market Common Equity Program, net of offering costs 6,585 0
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments reinvestments 2,942 697
Repurchase of Preferred Stock, net 0 (12)
Repurchase of Common Stock, net 0 (1,604)
Proceeds from Exercise of Stock Options 2,588 306
Preferred Dividends Paid (7,039) (8,090)
Common Dividends Paid, net of Dividend Reinvestments (7,128) (6,513)
Net Cash Provided by Financing Activities 16,971 6,387
Net Increase in Cash, Cash Equivalents and Restricted Cash 11,460 3,205
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 28,593 18,996
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 40,053 $ 22,201