v3.26.3
Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
INCOME:        
Rental and Related Income $ 62,351 $ 57,771 $ 182,906 $ 168,510
Sales of Manufactured Homes 11,784 9,147 28,707 26,276
Total Income 74,135 66,918 211,613 194,786
EXPENSES:        
Community Operating Expenses 26,156 24,994 76,726 71,070
Cost of Sales of Manufactured Homes 8,127 5,795 19,010 17,264
Selling Expenses 2,351 2,223 6,555 5,685
General and Administrative Expenses 5,350 4,283 15,962 16,538
Depreciation Expense 18,530 16,808 54,773 49,210
Total Expenses 60,514 54,103 173,026 159,767
OTHER INCOME (EXPENSE):        
Interest Income 2,014 2,354 6,151 6,677
Dividend Income 322 373 925 1,122
Loss on Sales of Marketable Securities, net (130) (0) (36,548) (0)
Increase (Decrease) in Fair Value of Marketable Securities (3,647) 1,576 38,663 (161)
Other Income 249 265 680 694
Loss on Investment in Joint Ventures (52) (96) (140) (310)
Interest Expense, including Amortization of Financing Costs (9,300) (7,930) (28,065) (21,232)
Total Other Income (Expense) (10,544) (3,458) (18,334) (13,210)
Income before Gain (Loss) on Sales of Investment Property and Equipment 3,077 9,357 20,253 21,809
Gain (Loss) on Sales of Investment Property and Equipment 27 (72) 72 (109)
Net Income 3,104 9,285 20,325 21,700
Preferred Dividends (5,329) (5,129) (15,682) (15,387)
Loss Attributable to Non-Controlling Interest 81 55 212 159
Net Income (Loss) Attributable to Common Shareholders $ (2,144) $ 4,211 $ 4,855 $ 6,472
Net Income (Loss) Attributable to Common Shareholders Per Share - Basic $ (0.02) $ 0.05 $ 0.06 $ 0.08
Net Income (Loss) Attributable to Common Shareholders Per Share - Diluted $ (0.02) $ 0.05 $ 0.06 $ 0.08
Weighted Average Common Shares Outstanding:        
Basic 85,437 84,985 85,210 83,783
Diluted 85,935 85,478 85,579 84,452