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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
INCOME:        
Rental and Related Income $ 42,893 $ 40,248 $ 126,699 $ 118,302
Sales of Manufactured Homes 9,044 7,782 20,329 21,819
Total Income 51,937 48,030 147,028 140,121
EXPENSES:        
Community Operating Expenses 19,181 16,833 56,175 51,015
Cost of Sales of Manufactured Homes 6,330 5,826 14,150 16,314
Selling Expenses 1,625 1,324 3,994 3,817
General and Administrative Expenses 5,150 3,165 13,348 9,945
Depreciation Expense 12,302 11,380 36,003 33,572
Total Expenses 44,588 38,528 123,670 114,663
OTHER INCOME (EXPENSE):        
Interest Income 1,080 857 3,058 2,466
Dividend Income 699 1,267 2,200 3,856
Gain (Loss) on Sales of Marketable Securities, net (6,405) 2,636 24,316 2,342
Increase (Decrease) in Fair Value of Marketable Securities (1,230) (5,390) (43,024) 14,120
Other Income 366 189 782 488
Loss on Investment in Joint Venture (116) 0 (373) 0
Interest Expense (6,951) (4,773) (18,852) (14,543)
Total Other Income (Expense) (12,557) (5,214) (31,893) 8,729
Income (Loss) before Loss on Sales of Investment Property and Equipment (5,208) 4,288 (8,535) 34,187
Loss on Sales of Investment Property and Equipment (10) (91) (96) (109)
Net Income (Loss) (5,218) 4,197 (8,631) 34,078
Preferred Dividends (4,588) (7,600) (19,788) (22,239)
Redemption of Preferred Stock 0 0 (8,190) 0
Loss Attributable to Non-Controlling Interest 61 0 61 0
Net Income (Loss) Attributable to Common Shareholders $ (9,745) $ (3,403) $ (36,548) $ 11,839
Net Income (Loss) Attributable to Common Shareholders Per Share        
Basic $ (0.18) $ (0.07) $ (0.68) $ 0.27
Diluted $ (0.18) $ (0.07) $ (0.68) $ 0.28
Weighted Average Common Shares Outstanding:        
Basic 54,891 47,778 53,746 45,212
Diluted 54,891 47,778 53,746 46,247