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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Income from real property $ 506,078 $ 357,793 $ 313,097
Revenue from home sales 79,728 53,954 54,852
Rental home revenue 46,236 39,213 32,500
Ancillary revenues 24,532 17,801 8,642
Interest 15,938 14,462 13,073
Brokerage commissions and other income, net 2,219 1,036 549
Total revenues 674,731 484,259 422,713
COSTS AND EXPENSES      
Property operating and maintenance 135,797 101,134 87,637
Real estate taxes 34,714 24,181 22,284
Cost of home sales 58,941 40,556 40,297
Rental home operating and maintenance 24,956 23,270 20,435
Ancillary expenses 17,519 12,584 7,491
General and administrative - real property 40,235 31,769 25,941
General and administrative - home sales and rentals 14,696 10,853 9,913
Transaction costs 17,803 18,259 3,928
Depreciation and amortization 177,637 133,726 110,078
Asset impairment charge 0 837 0
Extinguishment of debt 2,800 0 0
Interest 107,659 73,771 73,339
Interest on mandatorily redeemable preferred OP units 3,219 3,210 3,238
Total expenses 635,976 474,150 404,581
Income before other gains (losses) 38,755 10,109 18,132
Gain on disposition of properties, net 125,376 17,654 0
Gain on settlement 0 4,452 0
Provision for state income taxes (158) (219) (234)
Income tax expense - reduction of deferred tax asset (1,000) 0 0
Distributions from affiliate 7,500 1,200 2,250
Net income 170,473 33,196 20,148
Less: Preferred return to Series A-1 preferred OP units 2,431 2,654 2,598
Less: Preferred return to Series A-3 preferred OP units 181 181 166
Less: Preferred return to Series A-4 preferred OP units 1,340 100 0
Preferred return to Series C preferred OP units 1,021 0 0
Less: Amounts attributable to noncontrolling interests 10,054 1,752 718
Net income attributable to Sun Communities, Inc. 155,446 28,509 16,666
Less: Preferred stock distributions 13,793 6,133 6,056
Less: Preferred stock redemption costs 4,328 0 0
Net income attributable to Sun Communities, Inc. common stockholders $ 137,325 $ 22,376 $ 10,610
Weighted average common shares outstanding:      
Basic 53,686 41,337 34,228
Diluted 53,702 41,805 34,410
Earnings (loss) per share:      
Basic $ 2.53 $ 0.54 $ 0.31
Diluted $ 2.52 $ 0.54 $ 0.31