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Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
INCOME:        
Rental and Related Income $ 48,135 $ 42,893 $ 140,503 $ 126,699
Sales of Manufactured Homes 7,909 9,044 23,438 20,329
Total Income 56,044 51,937 163,941 147,028
EXPENSES:        
Community Operating Expenses 20,673 19,181 60,795 56,175
Cost of Sales of Manufactured Homes 5,334 6,330 16,059 14,150
Selling Expenses 1,792 1,625 5,269 3,994
General and Administrative Expenses 4,491 5,150 14,654 13,348
Depreciation Expense 14,147 12,302 41,271 36,003
Total Expenses 46,437 44,588 138,048 123,670
OTHER INCOME (EXPENSE):        
Interest Income 1,306 1,080 3,661 3,058
Dividend Income 508 699 1,745 2,200
Gain (Loss) on Sales of Marketable Securities, net 226 (6,405) 183 24,316
Decrease in Fair Value of Marketable Securities (5,496) (1,230) (10,439) (43,024)
Other Income 235 366 850 782
Loss on Investment in Joint Venture (165) (116) (645) (373)
Interest Expense (7,694) (6,951) (24,662) (18,852)
Total Other Income (Expense) (11,080) (12,557) (29,307) (31,893)
Loss before Gain (Loss) on Sales of Investment Property and Equipment (1,473) (5,208) (3,414) (8,535)
Gain (Loss) on Sales of Investment Property and Equipment (26) (10) 11 (96)
Net Loss (1,499) (5,218) (3,403) (8,631)
Preferred Dividends (4,364) (4,588) (12,251) (19,788)
Loss Attributable to Non-Controlling Interest 32 61 108 61
Redemption of Preferred Stock 0 0 0 (8,190)
Net Loss Attributable to Common Shareholders $ (5,831) $ (9,745) $ (15,546) $ (36,548)
Net Loss Attributable to Common Shareholders Per Share Basic $ (0.09) $ (0.18) $ (0.25) $ (0.68)
Net Loss Attributable to Common Shareholders Per Share Diluted $ (0.09) $ (0.18) $ (0.25) $ (0.68)
Weighted Average Common Shares Outstanding:        
Basic 65,076 54,891 61,853 53,746
Diluted 65,076 54,891 61,853 53,746