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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
INCOME:    
Rental and Related Income $ 41,577 $ 38,713
Sales of Manufactured Homes 4,291 4,419
Total Income 45,868 43,132
EXPENSES:    
Community Operating Expenses 18,071 17,137
Cost of Sales of Manufactured Homes 2,983 3,471
Selling Expenses 1,155 1,131
General and Administrative Expenses 3,898 3,441
Depreciation Expense 11,717 11,008
Total Expenses 37,824 36,188
OTHER INCOME (EXPENSE):    
Interest Income 910 817
Dividend Income 780 1,302
Gain (Loss) on Sales of Marketable Securities, net 30,721 (730)
Increase (Decrease) in Fair Value of Marketable Securities (31,750) 10,219
Other Income 220 147
Loss on Investment in Joint Venture (121) 0
Interest Expense (5,487) (4,798)
Total Other Income (Expense) (4,727) 6,957
Income before Loss on Sales of Investment Property and Equipment 3,317 13,901
Loss on Sales of Investment Property and Equipment (42) (23)
Net Income 3,275 13,878
Less: Preferred Dividends (7,600) (7,039)
Net Income (Loss) Attributable to Common Shareholders $ (4,325) $ 6,839
Net Income (Loss) Attributable to Common Shareholders Per Share – Basic and Diluted $ (0.09) $ 0.16
Weighted Average Common Shares Outstanding:    
Basic 52,301 42,377
Diluted 52,301 43,275