XML 16 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ (8,631) $ 34,078
Non-Cash items included in Net Income (Loss):    
Depreciation 36,003 33,572
Amortization of Financing Costs 1,445 725
Stock Compensation Expense 3,912 2,259
Provision for Uncollectible Notes and Other Receivables 979 823
Gain on Sales of Marketable Securities, net (24,316) (2,342)
(Increase) Decrease in Fair Value of Marketable Securities 43,024 (14,120)
Loss on Sales of Investment Property and Equipment 96 109
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes (33,547) 5,119
Notes and Other Receivables, net of notes acquired with acquisitions (10,054) (8,125)
Prepaid Expenses and Other Assets (3,759) (5,492)
Accounts Payable 2,494 295
Accrued Liabilities and Deposits (3,017) (1,093)
Tenant Security Deposits 454 442
Net Cash Provided by Operating Activities 5,083 46,250
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities (44,684) (19,195)
Purchase of Investment Property and Equipment (53,677) (46,527)
Proceeds from Sales of Investment Property and Equipment 2,522 2,023
Additions to Land Development Costs (16,597) (17,111)
Purchase of Marketable Securities (14) (12)
Proceeds from Sales of Marketable Securities 55,836 16,835
Investment in Joint Venture (1,821) 0
Net Cash Used in Investing Activities (58,435) (63,987)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages 59,801 6,070
Net Proceeds (Payments) from Short-Term Borrowings 80,437 (47,339)
Principal Payments of Mortgages (11,855) (10,479)
Proceeds from Bonds Issuance 102,670 0
Financing Costs on Debt (5,761) (127)
Investments from Non-Controlling Interest 2,250 0
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 110 53,213
Payments on Redemption of Preferred Stock (247,100) 0
Proceeds from At-The-Market Common Equity Program, net of offering costs 62,753 110,521
Proceeds from Issuance of Common Stock in the DRIP, net of Dividend Reinvestments 3,210 4,737
Proceeds from Exercise of Stock Options 4,195 8,304
Preferred Dividends Paid (21,178) (22,239)
Common Dividends Paid, net of Dividend Reinvestments (30,109) (23,047)
Net Cash Provided by (Used in) Financing Activities (577) 79,614
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (53,929) 61,877
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 125,026 28,593
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 71,097 $ 90,470