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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 3,275 $ 13,878
Non-Cash items included in Net Income:    
Depreciation 11,717 11,008
Amortization of Financing Costs 406 176
Stock Compensation Expense 1,169 750
Provision for Uncollectible Notes and Other Receivables 183 234
(Gain) Loss on Sales of Marketable Securities, net (30,721) 730
(Increase) Decrease in Fair Value of Marketable Securities 31,750 (10,219)
Loss on Sales of Investment Property and Equipment 42 23
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (10,629) (2,098)
Notes and Other Receivables, net of notes acquired with acquisitions (2,761) (302)
Prepaid Expenses and Other Assets 1,482 (2,000)
Accounts Payable 91 277
Accrued Liabilities and Deposits (485) 545
Tenant Security Deposits 89 213
Net Cash Provided by Operating Activities 5,608 13,215
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities (5,989) (8,358)
Purchase of Investment Property and Equipment (12,240) (12,189)
Proceeds from Sales of Investment Property and Equipment 738 576
Additions to Land Development Costs (3,523) (3,261)
Purchase of Marketable Securities (5) (3)
Proceeds from Sales of Marketable Securities 55,752 4,509
Investment in Joint Venture (116) 0
Net Cash Provided by (Used in) Investing Activities 34,617 (18,726)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages 25,643 0
Net Payments from Short-Term Borrowings (4,951) (11,277)
Principal Payments of Mortgages (2,891) (564)
Proceeds from Bonds Issuance 102,670 0
Financing Costs on Debt (5,040) 0
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 0 30,864
Proceeds from At-The-Market Common Equity Program, net of offering costs 38,369 6,585
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 763 2,942
Proceeds from Exercise of Stock Options 993 2,588
Preferred Dividends Paid (7,600) (7,039)
Common Dividends Paid, net of Dividend Reinvestments (9,495) (7,128)
Net Cash Provided by Financing Activities 138,461 16,971
Net Increase in Cash, Cash Equivalents and Restricted Cash 178,686 11,460
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 125,026 28,593
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 303,712 $ 40,053