XML 14 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1Close
Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
INCOME:    
Rental and Related Income $ 50,329 $ 45,305
Sales of Manufactured Homes 7,351 7,302
Total Income 57,680 52,607 CloseClose
EXPENSES:    
Community Operating Expenses 21,097 20,088
Cost of Sales of Manufactured Homes 5,556 4,985
Selling Expenses 1,646 1,812
General and Administrative Expenses 5,368 4,982
Depreciation Expense 14,741 13,373
Total Expenses 48,408 45,240 Close
OTHER INCOME (EXPENSE):    
Interest Income 1,567 1,138
Dividend Income 360 706
Loss on Sales of Marketable Securities, net 0 (42)
Decrease in Fair Value of Marketable Securities (5,369) (2,395)
Other Income 159 328
Loss on Investment in Joint Venture (137) (305)
Interest Expense (7,474) (8,330) Close
Total Other Income (Expense) (10,894) (8,900) CloseClose
Loss before Gain (Loss) on Sales of Investment Property and Equipment (1,622) (1,533) CloseClose
Gain (Loss) on Sales of Investment Property and Equipment (3) 32
Net Loss (1,625) (1,501) CloseClose
Preferred Dividends (4,673) (3,836)
Loss Attributable to Non-Controlling Interest 34 40
Net Loss Attributable to Common Shareholders $ (6,264) $ (5,297)
Net Loss Attributable to Common Shareholders Per Share Basic $ (0.09) $ (0.09)
Net Loss Attributable to Common Shareholders Per Share Diluted $ (0.09) $ (0.09)
Weighted Average Common Shares Outstanding:    
Basic 69,130 59,085
Diluted 69,130 59,085