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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
ASSETS    
Land $ 1,052,384 $ 1,051,536
Land improvements and buildings 4,880,330 4,825,043
Rental homes and improvements 496,432 489,633
Furniture, fixtures and equipment 133,772 130,127
Investment property 6,562,918 6,496,339
Accumulated depreciation (1,078,949) (1,026,858)
Investment property, net (including $88,238 and $88,987 for consolidated variable interest entities at March 31, 2017 and December 31, 2016; see Note 6) 5,483,969 5,469,481
Cash and cash equivalents 10,919 8,164
Inventory of manufactured homes 23,867 21,632
Notes and other receivables, net 98,468 81,179
Collateralized receivables, net 140,976 143,870
Other assets, net (including $2,838 and $3,054 for consolidated variable interest entities at March 31, 2017 and December 31, 2016; see Note 6) 144,248 146,450
TOTAL ASSETS 5,902,447 5,870,776
LIABILITIES    
Mortgage loans payable (including $42,571 and $62,111 for consolidated variable interest entities at March 31, 2017 and December 31, 2016; see Note 6) 2,774,645 2,819,567
Secured borrowings on collateralized receivables 141,671 144,477
Preferred OP units - mandatorily redeemable 45,903 45,903
Lines of credit 178,328 100,095
Distributions payable 52,762 51,896
Other liabilities (including $1,891 and $1,998 for consolidated variable interest entities at March 31, 2017 and December 31, 2016; see Note 6) 284,823 279,667
TOTAL LIABILITIES 3,478,132 3,441,605
Commitments and contingencies
STOCKHOLDERS' EQUITY    
Series A preferred stock, $0.01 par value. Issued and outstanding: 3,400 shares at March 31, 2017 and December 31, 2016 34 34
Common stock, $0.01 par value. Authorized: 180,000 shares; Issued and outstanding: 73,739 shares at March 31, 2017 and 73,206 shares at December 31, 2016 737 732
Additional paid-in capital 3,346,991 3,321,441
Accumulated other comprehensive loss (2,630) (3,181)
Distributions in excess of accumulated earnings (1,050,141) (1,023,415)
Total Sun Communities, Inc. stockholders' equity 2,294,991 2,295,611
Noncontrolling interests:    
Common and preferred OP units 67,152 69,598
Consolidated variable interest entities (3,196) (2,982)
Total noncontrolling interests 63,956 66,616
TOTAL STOCKHOLDERS’ EQUITY 2,358,947 2,362,227
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY 5,902,447 5,870,776
Series A-4 Preferred Stock    
LIABILITIES    
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount 48,879 50,227
Series A-4 preferred OP units    
LIABILITIES    
Redeemable Noncontrolling Interest, Equity, Preferred, Carrying Amount $ 16,489  
Noncontrolling interests:    
Common and preferred OP units   $ 16,717