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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (3,403) $ (8,631)
Non-Cash items included in Net Loss:    
Depreciation 41,271 36,003
Amortization of Financing Costs 1,592 1,445
Stock Compensation Expense 4,010 3,912
Provision for Uncollectible Notes and Other Receivables 1,332 979
Gain on Sales of Marketable Securities, net (183) (24,316)
Decrease in Fair Value of Marketable Securities 10,439 43,024
(Gain) Loss on Sales of Investment Property and Equipment (11) 96
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes 49,518 (33,547)
Notes and Other Receivables, net of notes acquired with acquisitions (12,645) (10,054)
Prepaid Expenses and Other Assets 1,612 (3,759)
Accounts Payable (409) 2,494
Accrued Liabilities and Deposits (3,815) (3,017)
Tenant Security Deposits 1,007 454
Net Cash Provided by Operating Activities 90,315 5,083
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities (3,679) (44,684)
Purchase of Investment Property and Equipment (108,616) (53,677)
Proceeds from Sales of Investment Property and Equipment 2,282 2,522
Additions to Land Development Costs (24,310) (16,597)
Purchase of Marketable Securities (17) (14)
Proceeds from Sales of Marketable Securities 4,323 55,836
Investment in Joint Venture (4,910) (1,821)
Net Cash Used in Investing Activities (134,927) (58,435)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from Mortgages 0 59,801
Net (Payments) Proceeds from Short-Term Borrowings (8,338) 80,437
Principal Payments of Mortgages and Loans (67,429) (11,855)
Proceeds from Bonds Issuance 0 102,670
Financing Costs on Debt (871) (5,761)
Investments from Non-Controlling Interest 0 2,250
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 46,792 110
Payments on Redemption of Preferred Stock 0 (247,100)
Proceeds from At-The-Market Common Equity Program, net of offering costs 121,964 62,753
Proceeds from Issuance of Common Stock in the DRIP, net of dividend reinvestments 4,807 3,210
Proceeds from Exercise of Stock Options 734 4,195
Preferred Dividends Paid (12,251) (21,178)
Common Dividends Paid, net of dividend reinvestments (36,102) (30,109)
Net Cash Provided by (Used in) Financing Activities 49,306 (577)
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 4,694 (53,929)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 40,876 125,026
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 45,570 $ 71,097