Equity LifeStyle Properties, Inc(NYSE:ELS) 
We are a self-administered, self-managed real estate investment trust (?REIT?) with headquarters in Chicago. As of January 25, 2021, we own or have an interest in 423 quality properties in 33 states and British Columbia consisting of 161,229 sites.
Founded: 1992
Full Time Employees: 4,200
CEO: Marguerite M. Nader
Sector: Real Estate
Industry: REIT-Residential
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rental income | 314,602,000 | 327,437,000 | 313,287,000 | 327,206,000 | 301,398,000 | 314,468,000 | 300,788,000 | 316,599,000 | 290,519,000 | 303,334,000 | 288,655,000 | 296,451,000 | 269,190,000 | 289,016,000 | 275,330,000 | 285,065,000 | 258,282,000 | 269,573,000 | 255,698,000 | 249,022,000 | 227,565,000 | 238,869,000 | 217,963,000 | 239,346,000 | 218,946,000 | 225,116,000 | 212,007,000 | 223,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
annual membership subscriptions | 18,154,000 | 17,868,000 | 16,902,000 | 16,342,000 | 16,585,000 | 16,714,000 | 16,369,000 | 16,215,000 | 16,547,000 | 16,673,000 | 16,189,000 | 15,970,000 | 16,212,000 | 16,254,000 | 15,592,000 | 15,157,000 | 15,203,000 | 15,127,000 | 14,267,000 | 13,654,000 | 13,609,000 | 13,442,000 | 12,961,000 | 13,073,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
membership upgrade revenue | 3,120,000 | 3,120,000 | 3,120,000 | 3,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 15,546,000 | 15,220,000 | 16,473,000 | 15,555,000 | 27,168,000 | 16,440,000 | 16,197,000 | 15,548,000 | 16,124,000 | 15,658,000 | 17,911,000 | 17,714,000 | 12,828,000 | 15,580,000 | 14,195,000 | 13,542,000 | 13,539,000 | 12,053,000 | 14,185,000 | 10,521,000 | 13,001,000 | 12,268,000 | 9,680,000 | 11,059,000 | 11,165,000 | 11,263,000 | 10,265,000 | 10,370,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
gross revenues from home sales, brokered resales and ancillary services | 17,386,000 | 24,927,000 | 22,798,000 | 20,923,000 | 19,275,000 | 30,839,000 | 37,565,000 | 30,053,000 | 29,378,000 | 44,795,000 | 38,913,000 | 32,133,000 | 35,242,000 | 52,547,000 | 52,681,000 | 39,695,000 | 31,534,000 | 27,276,000 | 24,427,000 | 15,220,000 | 12,450,000 | 13,070,000 | 8,866,000 | 11,309,000 | 11,917,000 | 8,438,000 | 7,825,000 | 6,475,000 | 9,311,000 | 9,339,000 | 9,105,000 | 8,309,000 | 11,430,000 | 10,012,000 | 7,833,000 | 7,027,000 | 8,952,000 | 10,895,000 | 9,130,000 | 8,214,000 | 8,809,000 | 7,878,000 | 9,526,000 | 6,937,000 | 7,963,000 | 8,717,000 | 6,560,000 | 5,178,000 | 5,543,000 | 5,415,000 | 4,217,000 | 2,839,000 | 2,685,000 | 1,861,000 | 1,960,000 | 2,060,000 | 1,807,000 | 1,636,000 | 1,288,000 | 1,357,000 | 1,361,000 | 1,765,000 | 1,947,000 | 1,047,000 | 2,061,000 | 2,127,000 | ||||||||||||
yoy | -9.80% | -19.17% | -39.31% | -30.38% | -34.39% | -31.16% | -3.46% | -6.47% | -16.64% | -14.75% | -26.13% | -19.05% | 11.76% | 92.65% | 115.67% | 160.81% | 153.29% | 108.69% | 175.51% | 34.58% | 4.47% | 54.89% | 13.30% | 74.66% | 27.99% | -9.65% | -14.06% | -22.07% | -18.54% | -6.72% | 16.24% | 18.24% | 27.68% | -8.10% | -14.21% | -14.45% | 1.62% | 38.30% | -4.16% | 18.41% | 10.62% | -9.62% | 45.21% | 33.97% | 43.66% | 60.98% | 55.56% | 82.39% | 106.44% | 190.97% | 115.15% | 37.82% | 48.59% | 13.75% | 52.17% | 51.81% | 32.77% | -7.31% | -33.85% | 29.61% | -33.96% | -17.02% | ||||||||||||||||
qoq | -30.25% | 9.34% | 8.96% | 8.55% | -37.50% | -17.90% | 25.00% | 2.30% | -34.42% | 15.12% | 21.10% | -8.82% | -32.93% | -0.25% | 32.71% | 25.88% | 15.61% | 11.66% | 60.49% | 22.25% | -4.74% | 47.42% | -21.60% | -5.10% | 41.23% | 7.83% | 20.85% | -30.46% | -0.30% | 2.57% | 9.58% | -27.31% | 14.16% | 27.82% | 11.47% | -21.50% | -17.83% | 19.33% | 11.15% | -6.75% | 11.82% | -17.30% | 37.32% | -12.88% | -8.65% | 32.88% | 26.69% | -6.58% | 2.36% | 28.41% | 48.54% | 5.74% | 44.28% | -5.05% | -4.85% | 14.00% | 10.45% | 27.02% | -5.08% | -0.29% | -22.89% | -9.35% | 85.96% | -49.20% | -3.10% | |||||||||||||
gross margin % | 4.65% | 6.34% | 6.05% | 5.40% | 5.18% | 7.96% | 9.89% | 7.77% | 8.15% | 11.52% | 10.52% | 8.69% | 10.35% | 13.79% | 14.42% | 11.02% | 9.69% | 8.19% | 7.70% | 5.14% | 4.58% | 4.59% | 3.49% | 4.03% | 4.61% | 3.11% | 3.15% | 2.50% | 3.82% | 3.64% | 3.79% | 3.38% | 4.97% | 4.14% | 3.54% | 3.02% | 4.18% | 4.82% | 4.35% | 3.73% | 4.37% | 3.75% | 4.73% | 3.33% | 4.17% | 4.35% | 3.47% | 2.63% | 3.08% | 2.88% | 2.39% | 1.49% | 1.56% | 1.02% | 1.12% | 1.14% | 1.13% | 1.01% | 1.02% | 1.02% | 1.12% | 1.32% | 1.57% | 0.79% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
interest income | 2,362,000 | 2,770,000 | 2,202,000 | 2,238,000 | 2,220,000 | 2,430,000 | 2,420,000 | 2,168,000 | 2,414,000 | 2,276,000 | 2,259,000 | 2,088,000 | 2,084,000 | 1,865,000 | 1,722,000 | 1,759,000 | 1,702,000 | 1,805,000 | 1,742,000 | 1,767,000 | 1,755,000 | 1,801,000 | 1,791,000 | 1,807,000 | 1,822,000 | 1,831,000 | 1,803,000 | 1,751,000 | 1,867,000 | 1,846,000 | 1,862,000 | 1,950,000 | 2,038,000 | 1,974,000 | 1,798,000 | 1,770,000 | 1,793,000 | 1,767,000 | 1,625,000 | 1,660,000 | 1,716,000 | 1,758,000 | 1,736,000 | 1,820,000 | 1,870,000 | 1,902,000 | 1,878,000 | 2,697,000 | 2,087,000 | 2,200,000 | 2,076,000 | 2,277,000 | 2,423,000 | 2,568,000 | 2,388,000 | 2,630,000 | 2,621,000 | 2,328,000 | 1,012,000 | 1,039,000 | 1,182,000 | 1,048,000 | 997,000 | 1,192,000 | 1,336,000 | 1,177,000 | 1,223,000 | 1,383,000 | 1,529,000 | 885,000 | 294,000 | 387,000 | 274,000 | 496,000 | 425,000 | 537,000 | 540,000 | 595,000 |
income from other investments | 2,698,000 | 1,972,000 | 2,084,000 | 2,018,000 | 1,414,000 | 2,192,000 | 2,630,000 | 2,038,000 | 1,806,000 | 2,333,000 | 2,473,000 | 2,091,000 | 1,633,000 | 2,399,000 | 2,617,000 | 1,904,000 | 1,159,000 | 1,238,000 | 1,222,000 | 936,000 | 933,000 | 1,428,000 | 1,022,000 | 643,000 | 634,000 | 7,029,000 | 879,000 | 986,000 | 1,068,000 | 5,421,000 | 3,413,000 | 940,000 | 1,877,000 | 2,052,000 | 1,109,000 | 757,000 | 736,000 | 2,581,000 | 2,270,000 | 1,723,000 | 2,240,000 | 1,822,000 | 2,178,000 | 1,119,000 | 955,000 | 1,869,000 | 2,628,000 | 1,601,000 | 1,526,000 | 1,885,000 | 1,624,000 | 2,480,000 | 1,087,000 | 2,651,000 | 1,567,000 | 1,488,000 | 210,000 | 4,394,000 | 1,149,000 | 699,000 | 496,000 | 2,583,000 | 1,484,000 | 1,177,000 | 1,440,000 | 2,339,000 | 1,866,000 | 2,523,000 | 608,000 | 2,783,000 | 6,705,000 | 6,910,000 | 7,069,000 | 5,323,000 | 5,118,000 | 4,966,000 | 4,647,000 | 6,172,000 |
total revenues | 373,868,000 | 393,314,000 | 376,866,000 | 387,334,000 | 372,323,000 | 387,256,000 | 380,019,000 | 386,568,000 | 360,644,000 | 388,813,000 | 370,014,000 | 369,952,000 | 340,604,000 | 380,969,000 | 365,305,000 | 360,189,000 | 325,330,000 | 332,897,000 | 317,423,000 | 296,044,000 | 271,896,000 | 284,986,000 | 254,090,000 | 280,476,000 | 258,640,000 | 271,160,000 | 248,366,000 | 259,090,000 | 243,451,000 | 256,675,000 | 240,502,000 | 246,025,000 | 229,986,000 | 241,625,000 | 221,312,000 | 232,389,000 | 214,042,000 | 226,165,000 | 210,081,000 | 220,147,000 | 201,616,000 | 210,144,000 | 201,480,000 | 208,414,000 | 190,817,000 | 200,554,000 | 188,851,000 | 196,587,000 | 179,882,000 | 187,966,000 | 176,753,000 | 190,588,000 | 171,931,000 | 181,828,000 | 174,827,000 | 181,291,000 | 159,313,000 | 161,391,000 | 125,914,000 | 133,455,000 | 121,173,000 | 134,195,000 | 123,845,000 | 132,148,000 | ||||||||||||||
yoy | 0.41% | 1.56% | -0.83% | 0.20% | 3.24% | -0.40% | 2.70% | 4.49% | 5.88% | 2.06% | 1.29% | 2.71% | 4.69% | 14.44% | 15.08% | 21.67% | 19.65% | 16.81% | 24.93% | 5.55% | 5.13% | 5.10% | 2.30% | 8.25% | 6.24% | 5.64% | 3.27% | 5.31% | 5.85% | 6.23% | 8.67% | 5.87% | 7.45% | 6.84% | 5.35% | 5.56% | 6.16% | 7.62% | 4.27% | 5.63% | 5.66% | 4.78% | 6.69% | 6.02% | 6.08% | 6.70% | 6.84% | 3.15% | 4.62% | 3.38% | 1.10% | 5.13% | 7.92% | 12.66% | 38.85% | 35.84% | 31.48% | 20.27% | 1.67% | 0.99% | ||||||||||||||||||
qoq | -4.94% | 4.36% | -2.70% | 4.03% | -3.86% | 1.90% | -1.69% | 7.19% | -7.24% | 5.08% | 0.02% | 8.62% | -10.60% | 4.29% | 1.42% | 10.71% | -2.27% | 4.87% | 7.22% | 8.88% | -4.59% | 12.16% | -9.41% | 8.44% | -4.62% | 9.18% | -4.14% | 6.42% | -5.15% | 6.72% | -2.24% | 6.97% | -4.82% | 9.18% | -4.77% | 8.57% | -5.36% | 7.66% | -4.57% | 9.19% | -4.06% | 4.30% | -3.33% | 9.22% | -4.86% | 6.20% | -3.94% | 9.29% | -4.30% | 6.34% | -7.26% | 10.85% | -5.44% | 4.00% | -3.57% | 13.80% | -1.29% | 28.18% | -5.65% | 10.14% | -9.70% | 8.36% | -6.28% | |||||||||||||||
expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating and maintenance | 113,758,000 | 133,243,000 | 127,845,000 | 118,566,000 | 110,540,000 | 129,010,000 | 126,105,000 | 114,783,000 | 108,369,000 | 126,846,000 | 122,214,000 | 112,483,000 | 101,677,000 | 123,181,000 | 114,307,000 | 103,992,000 | 98,283,000 | 109,164,000 | 102,663,000 | 88,873,000 | 85,875,000 | 99,566,000 | 85,265,000 | 83,634,000 | 79,939,000 | 90,765,000 | 84,868,000 | 77,948,000 | 73,559,000 | 84,445,000 | 80,091,000 | 74,908,000 | 73,000,000 | 80,164,000 | 72,901,000 | 68,054,000 | 65,238,000 | 73,410,000 | 66,647,000 | 62,954,000 | 60,146,000 | 69,227,000 | 64,178,000 | 61,117,000 | 57,896,000 | 66,105,000 | 61,217,000 | 58,696,000 | 54,714,000 | 61,782,000 | 58,345,000 | 56,674,000 | 53,805,000 | 60,378,000 | 58,327,000 | 54,442,000 | 52,206,000 | 56,451,000 | 47,655,000 | 44,311,000 | 43,839,000 | 51,495,000 | 46,998,000 | 43,454,000 | 42,892,000 | 50,409,000 | 45,565,000 | 42,004,000 | 42,516,000 | 42,148,000 | 33,930,000 | 33,769,000 | 31,661,000 | 33,252,000 | 31,240,000 | 31,189,000 | 28,723,000 | 30,195,000 |
real estate taxes | 21,075,000 | 20,585,000 | 21,845,000 | 21,643,000 | 20,349,000 | 20,731,000 | 20,099,000 | 20,787,000 | 21,828,000 | 19,017,000 | 18,832,000 | 18,316,000 | 17,772,000 | 17,734,000 | 19,182,000 | 19,457,000 | 18,517,000 | 18,408,000 | 17,896,000 | 17,850,000 | 16,630,000 | 15,981,000 | 16,668,000 | 16,841,000 | 16,742,000 | 15,166,000 | 15,107,000 | 15,323,000 | 15,077,000 | 13,240,000 | 13,440,000 | 14,135,000 | 13,024,000 | 14,006,000 | 13,943,000 | 14,037,000 | 13,502,000 | 13,467,000 | 12,869,000 | 13,198,000 | 12,793,000 | 12,923,000 | 12,652,000 | 12,594,000 | 11,809,000 | 12,263,000 | 12,157,000 | 12,485,000 | 12,406,000 | 11,584,000 | 11,888,000 | 12,917,000 | 11,323,000 | 11,826,000 | 11,952,000 | 12,522,000 | 11,097,000 | 10,304,000 | 8,161,000 | 8,057,000 | 7,532,000 | 7,938,000 | 8,326,000 | 8,314,000 | 7,028,000 | 7,955,000 | 8,235,000 | 8,456,000 | 6,745,000 | 7,794,000 | 7,478,000 | 7,440,000 | 5,783,000 | 7,037,000 | 7,251,000 | 7,358,000 | 6,110,000 | 6,785,000 |
membership sales and marketing | 3,877,000 | 4,199,000 | 4,062,000 | 3,931,000 | 4,192,000 | 6,448,000 | 6,126,000 | 5,297,000 | 4,919,000 | 5,696,000 | 5,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property management | 19,354,000 | 20,277,000 | 20,723,000 | 20,430,000 | 18,803,000 | 20,165,000 | 19,436,000 | 19,710,000 | 17,460,000 | 19,887,000 | 19,359,000 | 19,464,000 | 18,110,000 | 19,003,000 | 19,099,000 | 17,871,000 | 17,024,000 | 17,015,000 | 16,560,000 | 15,380,000 | 13,623,000 | 14,527,000 | 14,813,000 | 15,004,000 | 13,834,000 | 14,605,000 | 14,385,000 | 13,685,000 | 12,994,000 | 13,589,000 | 13,472,000 | 13,681,000 | 12,509,000 | 13,160,000 | 13,023,000 | 12,560,000 | 11,413,000 | 11,863,000 | 12,044,000 | 11,763,000 | 10,778,000 | 11,361,000 | 11,099,000 | 11,290,000 | 10,469,000 | 11,086,000 | 10,451,000 | 10,632,000 | 9,813,000 | 10,077,000 | 10,170,000 | 10,249,000 | 9,809,000 | 9,473,000 | 9,427,000 | 9,751,000 | 9,219,000 | 9,201,000 | 8,193,000 | 8,463,000 | 7,733,000 | 8,373,000 | 7,793,000 | 8,740,000 | 8,224,000 | 8,725,000 | 7,730,000 | 8,704,000 | 8,468,000 | 6,446,000 | 5,243,000 | 5,294,000 | 4,445,000 | 4,576,000 | 4,706,000 | 4,658,000 | 3,552,000 | 4,301,000 |
depreciation and amortization | 52,991,000 | 52,313,000 | 52,649,000 | 50,942,000 | 50,493,000 | 50,934,000 | 51,344,000 | 51,108,000 | 50,804,000 | 50,968,000 | 51,464,000 | 50,502,000 | 49,625,000 | 52,547,000 | 50,796,000 | 49,394,000 | 50,317,000 | 44,414,000 | 48,316,000 | 45,398,000 | 39,194,000 | 38,581,000 | 38,332,000 | 39,024,000 | 39,325,000 | 37,032,000 | 37,776,000 | 37,977,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cost of home sales, brokered resales and ancillary services | 11,910,500 | 17,474,000 | 16,476,000 | 13,692,000 | 17,917,000 | 22,051,000 | 27,650,000 | 21,967,000 | 21,470,000 | 33,471,000 | 29,268,000 | 23,141,000 | 27,973,500 | 40,224,000 | 40,971,000 | 30,684,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
home selling expenses and ancillary operating expenses | 6,170,000 | 7,186,000 | 6,988,000 | 6,168,000 | 6,689,000 | 7,336,000 | 7,472,000 | 6,147,000 | 6,195,000 | 7,164,000 | 7,170,000 | 6,924,000 | 6,175,000 | 7,080,000 | 7,584,000 | 6,481,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative | 9,025,000 | 8,791,000 | 10,455,000 | 9,239,000 | 8,235,000 | 9,274,000 | 8,985,000 | 11,989,000 | 9,117,000 | 9,895,000 | 16,607,000 | 11,661,000 | 9,779,000 | 11,086,000 | 11,695,000 | 12,297,000 | 9,576,000 | 10,401,000 | 10,228,000 | 10,512,000 | 8,120,000 | 9,692,000 | 10,609,000 | 10,855,000 | 7,835,000 | 8,710,000 | 9,225,000 | 9,909,000 | 11,161,000 | 8,816,000 | 9,669,000 | 8,038,000 | 8,398,000 | 7,505,000 | 8,461,000 | 7,373,000 | 7,689,000 | 7,653,000 | 8,255,000 | 7,407,000 | 8,472,000 | 7,225,000 | 7,541,000 | 7,406,000 | 7,232,000 | 7,623,000 | 6,795,000 | 5,760,000 | 6,950,000 | 7,606,000 | 6,946,000 | 6,816,000 | 7,020,000 | 6,535,000 | 6,957,000 | 6,232,000 | 5,763,000 | 6,412,000 | 6,011,000 | 5,647,000 | 5,517,000 | 5,818,000 | 5,548,000 | 5,676,000 | -4,625,000 | -5,281,000 | -6,216,000 | -6,157,000 | -5,069,000 | -5,315,000 | -4,834,000 | -5,399,000 | -4,445,000 | -3,795,000 | -3,680,000 | -3,671,000 | -2,418,000 | -3,541,000 |
casualty-related charges/(recoveries) | -415,000 | -3,748,000 | -541,000 | 217,000 | -528,000 | 591,000 | -6,170,000 | -14,843,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expenses | 2,320,000 | 711,000 | -59,000 | 1,878,000 | 1,413,000 | 1,402,000 | 1,387,000 | 1,331,000 | 1,581,000 | 1,338,000 | 1,381,000 | 1,468,000 | 2,010,000 | 1,627,000 | 4,189,000 | 823,000 | 573,750 | 797,000 | 800,000 | 682,000 | 658,000 | 639,000 | 588,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
early debt retirement | 5,803,000 | 30,000 | 68,000 | 640,000 | 516,000 | 755,000 | 2,029,000 | 9,732,000 | 1,054,000 | 1,491,000 | -9,000 | -69,000 | 16,991,000 | 5,087,000 | -67,000 | 36,530,000 | 1,381,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and related amortization | 34,010,000 | 33,659,000 | 32,200,000 | 31,136,000 | 31,633,000 | 36,497,000 | 36,037,000 | 33,543,000 | 33,198,000 | 33,434,000 | 33,122,000 | 32,588,000 | 31,286,000 | 29,759,000 | 28,053,000 | 27,464,000 | 27,951,000 | 27,361,000 | 27,131,000 | 26,275,000 | 25,231,000 | 25,218,000 | 26,249,000 | 26,073,000 | 26,259,000 | 25,547,000 | 26,024,000 | 26,393,000 | 26,515,000 | 26,490,000 | 26,285,000 | 25,703,000 | 25,842,000 | 25,027,000 | 24,822,000 | 24,879,000 | 25,395,000 | 25,440,000 | 25,561,000 | 25,634,000 | 26,083,000 | 26,227,000 | 26,145,000 | 27,276,000 | 28,118,000 | 27,864,000 | 28,265,000 | 28,048,000 | 28,816,000 | 29,206,000 | 30,377,000 | 30,252,000 | 31,090,000 | 31,640,000 | 30,838,000 | 30,956,000 | 30,737,000 | 26,084,000 | 21,458,000 | 21,389,000 | 21,930,000 | 22,465,000 | 22,989,000 | 23,767,000 | -24,243,000 | -24,492,000 | -25,026,000 | -24,550,000 | -24,826,000 | -24,930,000 | -24,690,000 | -24,984,000 | -25,650,000 | -25,942,000 | -25,685,000 | -25,793,000 | -25,907,000 | -26,368,000 |
total expenses | 274,858,000 | 294,690,000 | 292,643,000 | 277,842,000 | 270,725,000 | 304,469,000 | 298,471,000 | 271,819,000 | 275,259,000 | 307,784,000 | 304,938,000 | 281,385,000 | 268,149,000 | 308,178,000 | 301,968,000 | 273,310,000 | 257,585,000 | 259,655,000 | 254,411,000 | 227,866,000 | 206,685,000 | 232,486,000 | 206,301,000 | 209,959,000 | 200,992,000 | 206,502,000 | 202,507,000 | 192,595,000 | 191,414,000 | 197,803,000 | 192,946,000 | 183,043,000 | 182,901,000 | 187,446,000 | 177,889,000 | 170,464,000 | 172,124,000 | 179,904,000 | 170,042,000 | 163,838,000 | 162,332,000 | 169,920,000 | 165,494,000 | 177,485,000 | 157,893,000 | 172,444,000 | 159,455,000 | 154,584,000 | 151,480,000 | 195,037,000 | 158,741,000 | 151,654,000 | 147,888,000 | 160,605,000 | 169,020,000 | 164,401,000 | 155,816,000 | 160,293,000 | 114,801,000 | 108,607,000 | 110,890,000 | 117,202,000 | 113,383,000 | 111,285,000 | ||||||||||||||
income before other items | 73,084,750 | 98,624,000 | 84,223,000 | 109,492,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate and impairment | 1,571,000 | 31,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in income of unconsolidated joint ventures | -42,000 | 1,708,000 | -47,000 | 4,901,000 | -488,000 | 5,874,000 | 579,000 | 283,000 | 555,000 | 661,000 | 973,000 | 524,000 | 474,000 | 1,465,000 | 1,253,000 | 171,000 | 1,095,000 | 851,000 | 1,068,000 | 868,000 | 3,160,000 | 968,000 | 1,064,000 | 207,000 | 478,000 | 3,518,000 | 3,226,000 | 1,533,000 | 1,343,000 | 788,000 | 1,613,000 | 1,195,000 | 889,000 | 686,000 | 1,040,000 | 1,150,000 | 463,000 | 496,000 | 765,000 | 881,000 | 483,000 | 1,882,000 | 840,000 | 884,000 | 810,000 | 1,237,000 | 644,000 | 1,887,000 | 415,000 | 439,000 | 609,000 | 576,000 | 375,000 | 269,000 | 492,000 | 763,000 | 366,000 | 257,000 | 541,000 | 784,000 | 313,000 | 314,000 | 559,000 | 841,000 | 289,000 | 229,000 | 475,000 | 1,903,000 | 308,000 | 62,000 | 2,499,000 | 884,000 | 648,000 | 738,000 | -9,000 | 1,319,000 | 71,000 | 869,000 |
consolidated net income | 103,812,000 | 100,363,000 | 83,493,000 | 114,393,000 | 100,557,000 | 86,863,000 | 82,127,000 | 115,271,000 | 96,428,000 | 80,741,000 | 66,049,000 | 86,459,000 | 76,676,000 | 70,509,000 | 64,590,000 | 87,050,000 | 68,840,000 | 74,093,000 | 64,080,000 | 68,987,000 | 68,371,000 | 53,468,000 | 48,853,000 | 70,724,000 | 58,126,000 | 68,176,000 | 49,085,000 | 120,535,000 | 53,380,000 | 59,660,000 | 49,169,000 | 64,177,000 | 47,974,000 | 54,865,000 | 44,463,000 | 63,075,000 | 42,381,000 | 46,757,000 | 40,804,000 | 57,190,000 | 39,767,000 | 42,106,000 | 36,826,000 | 31,813,000 | 34,262,000 | 30,276,000 | 30,040,000 | 43,890,000 | 28,716,000 | 34,936,000 | 21,786,000 | 40,468,000 | 29,014,000 | 21,492,000 | 6,299,000 | 17,653,000 | 3,863,000 | 1,355,000 | 11,654,000 | 25,632,000 | 10,596,000 | 17,307,000 | 10,967,000 | 21,527,000 | 11,386,000 | 16,959,000 | 7,445,000 | 20,471,000 | ||||||||||
income allocated to non-controlling interests – common op units | -3,342,000 | -3,233,000 | -3,777,000 | -5,201,000 | -4,574,000 | -4,042,000 | -3,822,000 | -5,366,000 | -4,489,000 | -3,772,000 | -3,121,000 | -4,088,000 | -3,635,000 | -3,346,000 | -3,073,000 | -4,144,000 | -3,286,000 | -3,468,000 | -3,021,000 | -3,747,000 | -3,717,000 | -2,908,000 | -2,658,000 | -3,849,000 | -3,166,000 | -3,715,000 | -2,676,000 | -7,226,000 | -3,205,000 | -3,590,000 | -3,024,000 | -3,955,000 | -2,963,000 | -3,286,000 | -2,649,000 | -3,890,000 | -3,099,000 | -3,462,000 | -2,998,000 | -4,310,000 | -2,950,000 | -3,136,000 | -2,724,000 | -2,331,000 | -2,534,000 | -2,219,000 | -2,229,000 | -3,481,000 | -2,223,000 | -2,753,000 | -1,597,000 | -3,133,000 | -197,000 | -1,191,000 | ||||||||||||||||||||||||
redeemable perpetual preferred stock dividends | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -8,000 | -4,038,000 | -1,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for common stockholders | 100,462,000 | 97,130,000 | 79,708,000 | 109,192,000 | 95,975,000 | 82,821,000 | 78,297,000 | 109,905,000 | 91,931,000 | 76,969,000 | 62,920,000 | 82,371,000 | 73,033,000 | 67,163,000 | 61,509,000 | 82,906,000 | 65,546,000 | 70,625,000 | 61,051,000 | 65,240,000 | 64,646,000 | 50,560,000 | 46,187,000 | 66,875,000 | 54,952,000 | 64,461,000 | 46,401,000 | 113,309,000 | 50,167,000 | 56,070,000 | 46,137,000 | 60,222,000 | 44,993,000 | 48,525,000 | 39,498,000 | 56,888,000 | 36,966,000 | 40,998,000 | 35,490,000 | 50,583,000 | ||||||||||||||||||||||||||||||||||||||
other comprehensive income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for fair market value of swaps | 386,000 | -584,000 | -2,684,000 | -1,629,000 | 7,067,000 | -10,056,000 | 12,000 | -781,000 | -9,503,000 | -1,763,000 | 2,186,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated comprehensive income | 104,198,000 | 99,779,000 | 80,809,000 | 112,764,000 | 107,624,000 | 76,807,000 | 82,139,000 | 114,490,000 | 86,925,000 | 78,978,000 | 68,235,000 | 82,481,000 | 75,319,000 | 74,744,000 | 67,383,000 | 96,974,000 | 72,039,000 | 74,179,000 | 64,190,000 | 69,116,000 | 68,371,000 | 54,629,000 | 49,405,000 | 69,391,000 | 58,245,000 | 67,919,000 | 47,475,000 | 119,604,000 | 51,720,000 | 60,040,000 | 49,933,000 | 66,050,000 | 48,916,000 | 54,835,000 | 44,493,000 | 63,301,000 | 42,800,000 | 47,308,000 | 40,768,000 | 56,582,000 | 40,826,000 | 41,528,000 | 37,030,000 | 30,956,000 | 33,740,000 | 30,417,000 | 30,523,000 | 44,335,000 | 29,146,000 | 35,297,000 | 22,216,000 | 40,910,000 | 29,437,000 | 21,438,000 | 6,265,000 | 17,275,000 | ||||||||||||||||||||||
comprehensive income allocated to non-controlling interests – common op units | -3,355,000 | -3,215,000 | -3,656,000 | -5,127,000 | -4,895,000 | -3,575,000 | -3,823,000 | -5,329,000 | -4,048,000 | -3,690,000 | -3,225,000 | -3,899,000 | -3,635,000 | -3,547,000 | -3,207,000 | -4,616,000 | -3,439,000 | -3,472,000 | -3,027,000 | -3,754,000 | -3,718,000 | -2,971,000 | -2,689,000 | -3,776,000 | -3,173,000 | -3,701,000 | -2,589,000 | -7,170,000 | -3,107,000 | -3,613,000 | -3,071,000 | -4,070,000 | -3,021,000 | -3,237,000 | -2,651,000 | -3,904,000 | -3,131,000 | -3,505,000 | -2,995,000 | -4,262,000 | -3,033,000 | -3,090,000 | -2,740,000 | -2,263,000 | -2,490,000 | -2,230,000 | -2,268,000 | -3,518,000 | -2,260,000 | -2,783,000 | -1,633,000 | -3,169,000 | -195,000 | -1,158,000 | ||||||||||||||||||||||||
comprehensive income attributable to common stockholders | 100,835,000 | 96,564,000 | 77,145,000 | 107,637,000 | 102,721,000 | 73,232,000 | 78,308,000 | 109,161,000 | 82,869,000 | 75,288,000 | 65,002,000 | 78,582,000 | 71,676,000 | 71,197,000 | 64,168,000 | 92,358,000 | 68,592,000 | 70,707,000 | 61,155,000 | 65,362,000 | 64,645,000 | 51,658,000 | 46,708,000 | 65,615,000 | 55,064,000 | 64,218,000 | 44,878,000 | 112,434,000 | 48,605,000 | 56,427,000 | 46,854,000 | 61,980,000 | 45,877,000 | 48,544,000 | 39,526,000 | 57,100,000 | 37,353,000 | 41,506,000 | 35,457,000 | 50,023,000 | 35,477,000 | 36,141,000 | 31,974,000 | 26,396,000 | 28,925,000 | 25,876,000 | 25,927,000 | 38,507,000 | 24,557,000 | 30,203,000 | 18,254,000 | 35,430,000 | ||||||||||||||||||||||||||
yoy | -1.84% | 31.86% | -1.49% | -1.40% | 23.96% | -2.73% | 20.47% | 38.91% | 15.62% | 5.75% | 1.30% | -14.92% | 4.50% | 0.69% | 4.93% | 41.30% | 6.11% | 36.88% | 30.93% | -0.39% | 17.40% | -19.56% | 4.08% | -41.64% | 13.29% | 13.81% | -4.22% | 81.40% | 5.95% | 16.24% | 18.54% | 8.55% | 22.82% | 16.96% | 11.48% | 14.15% | 5.29% | 14.84% | 10.89% | 89.51% | 22.65% | 39.67% | 23.32% | -31.45% | 17.79% | -14.33% | 42.03% | 8.68% | ||||||||||||||||||||||||||||||
qoq | 4.42% | 25.17% | -28.33% | 4.79% | 40.27% | -6.48% | -28.26% | 31.73% | 10.07% | 15.82% | -17.28% | 9.64% | 0.67% | 10.95% | -30.52% | 34.65% | -2.99% | 15.62% | -6.44% | 1.11% | 25.14% | 10.60% | -28.82% | 19.16% | -14.25% | 43.09% | -60.09% | 131.32% | -13.86% | 20.43% | -24.40% | 35.10% | -5.49% | 22.82% | -30.78% | 52.87% | -10.01% | 17.06% | -29.12% | 41.00% | -1.84% | 13.03% | 21.13% | -8.74% | 11.78% | -0.20% | -32.67% | 56.81% | -18.69% | 65.46% | -48.48% | |||||||||||||||||||||||||||
net income margin % | 26.97% | 24.55% | 20.47% | 27.79% | 27.59% | 18.91% | 20.61% | 28.24% | 22.98% | 19.36% | 17.57% | 21.24% | 21.04% | 18.69% | 17.57% | 25.64% | 21.08% | 21.24% | 19.27% | 22.08% | 23.78% | 18.13% | 18.38% | 23.39% | 21.29% | 23.68% | 18.07% | 43.40% | 19.97% | 21.98% | 19.48% | 25.19% | 19.95% | 20.09% | 17.86% | 24.57% | 17.45% | 18.35% | 16.88% | 22.72% | 17.60% | 17.20% | 15.87% | 12.67% | 15.16% | 12.90% | 13.73% | 19.59% | 13.65% | 16.07% | 10.33% | 18.59% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
earnings per common share – basic | 520 | 500 | 420 | 570 | 510 | 440 | 420 | 590 | 500 | 410 | 340 | 440 | 390 | 360 | 330 | 450 | 270 | 380 | 330 | 360 | 360 | 280 | 250 | 370 | 310 | 350 | 510 | 1,260 | ||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – fully diluted | 520 | 500 | 420 | 570 | 510 | 440 | 420 | 590 | 500 | 410 | 340 | 440 | 390 | 360 | 330 | 450 | 270 | 380 | 330 | 360 | 350 | 280 | 250 | 370 | 310 | 350 | 510 | 1,260 | ||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding – basic | 192,137,000 | 193,004,000 | 190,992,000 | 190,925,000 | 187,439,000 | 186,327,000 | 186,318,000 | 186,287,000 | 186,061,000 | 186,100,000 | 186,023,000 | 185,900,000 | 185,780,000 | 185,814,000 | 185,767,000 | 185,690,000 | 183,469,000 | 182,337,000 | 181,945,000 | 181,828,000 | 181,869,000 | 181,833,000 | 181,729,000 | 181,649,000 | 90,156,000 | 89,780,000 | 89,200,000 | 88,549,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding – fully diluted | 200,114,000 | 200,126,000 | 200,095,000 | 200,074,000 | 196,636,000 | 195,510,000 | 195,465,000 | 195,545,000 | 195,429,000 | 195,440,000 | 195,430,000 | 195,369,000 | 195,255,000 | 195,269,000 | 195,227,000 | 195,246,000 | 192,736,000 | 192,701,000 | 192,685,000 | 192,555,000 | 192,537,000 | 192,542,000 | 192,564,000 | 192,400,000 | 95,930,000 | 95,624,000 | 95,263,000 | 94,623,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of real estate and impairment | -683,000 | -449,500 | -1,798,000 | -895,250 | -949,000 | -2,632,000 | -936,750 | -3,747,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
membership upgrade sales | 4,263,000 | 4,173,000 | 4,050,000 | 3,947,000 | 3,856,000 | 3,744,000 | 3,614,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and other items | 101,598,000 | 82,787,000 | 81,548,000 | 114,749,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 115,000 | 239,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in income of unconsolidated joint ventures | 57,772,750 | 80,080,000 | 65,076,000 | 85,935,000 | 76,202,000 | 69,044,000 | 63,337,000 | 86,879,000 | 67,745,000 | 73,242,000 | 63,012,000 | 68,119,000 | 65,211,000 | 52,500,000 | 47,789,000 | 70,517,000 | 57,648,000 | 64,658,000 | 45,859,000 | 119,002,000 | 52,037,000 | 58,872,000 | 47,556,000 | 62,982,000 | 47,085,000 | 54,179,000 | 43,423,000 | 61,925,000 | 35,652,250 | 46,261,000 | 40,039,000 | 56,309,000 | 35,986,000 | 30,929,000 | 10,980,000 | 21,223,000 | 5,807,000 | 16,890,000 | 3,497,000 | 1,098,000 | 11,113,000 | 24,848,000 | 10,283,000 | 16,993,000 | 10,462,000 | 20,863,000 | ||||||||||||||||||||||||||||||||
membership upgrade sales current period, gross | 7,975,000 | 6,890,000 | 11,085,000 | 9,535,000 | 7,151,000 | 6,927,000 | 10,122,000 | 9,207,000 | 10,014,000 | 5,217,000 | 6,631,000 | 5,048,000 | 4,843,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
membership upgrade sales upfront payments, deferred | -4,470,000 | -3,475,000 | -7,777,000 | -6,367,000 | -4,084,000 | -3,945,000 | -7,253,000 | -6,454,000 | -7,427,000 | -2,683,000 | -4,171,000 | -2,666,000 | -2,542,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing, gross | 5,517,000 | 5,047,000 | 7,143,000 | 6,409,000 | 4,914,000 | 4,756,000 | 6,513,000 | 6,298,000 | 6,176,000 | 4,024,000 | 5,054,000 | 4,276,000 | 3,978,000 | 3,897,000 | 4,063,000 | 4,214,000 | 3,409,000 | 2,857,000 | 3,568,000 | 3,305,000 | 2,812,000 | 2,577,000 | 3,277,000 | 2,894,000 | 2,690,000 | 2,532,000 | 3,100,000 | 2,931,000 | 2,493,000 | 2,612,000 | 3,105,000 | 3,512,000 | 2,522,000 | 4,300,000 | 3,018,000 | 2,695,000 | 2,405,000 | 3,300,000 | 3,842,000 | 3,333,000 | 2,361,000 | 2,997,000 | 3,573,000 | 2,633,000 | 1,643,000 | 2,930,000 | 2,950,000 | 3,083,000 | 2,256,000 | 2,706,000 | 3,052,000 | 3,585,000 | 3,263,000 | 3,370,000 | 3,422,000 | 3,672,000 | 3,072,000 | 4,018,000 | 3,098,000 | |||||||||||||||||||
membership sales commissions, deferred | -679,000 | -450,000 | -1,206,000 | -957,000 | -583,000 | -670,000 | -1,468,000 | -1,438,000 | -1,499,000 | -333,000 | -630,000 | -481,000 | -216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustment for fair market value of swap | -3,978,000 | -1,357,000 | 4,235,000 | 2,793,000 | 9,924,000 | 3,199,000 | 86,000 | 110,000 | 129,000 | 1,161,000 | 552,000 | -1,333,000 | 119,000 | -257,000 | -1,610,000 | -931,000 | -1,660,000 | 380,000 | 764,000 | 1,873,000 | 942,000 | -30,000 | 30,000 | 226,000 | 419,000 | 551,000 | -36,000 | -608,000 | 1,059,000 | -578,000 | 204,000 | -857,000 | -522,000 | 141,000 | 483,000 | 445,000 | 430,000 | 361,000 | 430,000 | 442,000 | 423,000 | -54,000 | -34,000 | -378,000 | ||||||||||||||||||||||||||||||||||
loss on sale of real estate | -14,750 | -59,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brokered resale and ancillary services revenues | 929,000 | 2,956,000 | 3,129,000 | 2,337,000 | 49,000 | 1,648,000 | -575,000 | 938,000 | -1,071,000 | 2,133,000 | 872,000 | 1,559,000 | 204,000 | 1,362,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of home sales | 29,743,000 | 25,847,000 | 23,856,000 | 14,868,000 | 12,602,000 | 12,866,000 | 8,850,000 | 11,911,000 | 11,866,000 | 8,434,000 | 8,164,000 | 6,632,000 | 9,527,000 | 9,742,000 | 9,632,000 | 8,574,000 | 11,122,000 | 10,377,000 | 7,895,000 | 7,119,000 | 8,949,000 | 10,745,000 | 9,481,000 | 8,281,000 | 8,594,000 | 7,868,000 | 9,093,000 | 6,724,000 | 7,068,000 | 8,156,000 | 6,155,000 | 5,368,000 | 5,459,000 | 5,137,000 | 3,919,000 | 2,960,000 | 2,606,000 | 2,051,000 | 2,602,000 | 2,216,000 | 1,663,000 | 1,552,000 | 1,049,000 | 1,419,000 | 1,078,000 | 1,431,000 | 1,728,000 | 1,159,000 | -1,865,000 | -1,842,000 | ||||||||||||||||||||||||||||
home selling expenses | 1,283,000 | 1,203,000 | 1,346,000 | 1,306,000 | 1,037,000 | 1,241,000 | 1,081,000 | 1,213,000 | 1,183,000 | 1,033,000 | 1,102,000 | 1,083,000 | 946,000 | 1,101,000 | 973,000 | 1,075,000 | 885,000 | 1,447,000 | 929,000 | 925,000 | 1,027,000 | 909,000 | 805,000 | 834,000 | 805,000 | 861,000 | 720,000 | 805,000 | 632,000 | 513,000 | 628,000 | 569,000 | 541,000 | 563,000 | 454,000 | 527,000 | 341,000 | 334,000 | 403,000 | 333,000 | 350,000 | 356,000 | 406,000 | 477,000 | 690,000 | 456,000 | 455,000 | 477,000 | -393,000 | -278,000 | -640,000 | -1,072,000 | -1,146,000 | -1,482,000 | -1,635,000 | -1,513,000 | -1,710,000 | -1,845,000 | -1,749,000 | -2,251,000 | -2,441,000 | -2,472,000 | ||||||||||||||||
other incomes | 698,000 | 438,000 | 1,460,000 | 540,000 | 427,000 | 387,000 | 386,000 | 367,000 | 343,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of real estate | 52,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-to-use annual payments | 9,513,000 | 13,150,000 | 12,586,000 | 12,316,000 | 12,162,000 | 12,206,000 | 11,891,000 | 11,519,000 | 11,665,000 | 11,531,000 | 11,350,000 | 11,252,000 | 11,445,000 | 11,349,000 | 11,187,000 | 11,054,000 | 11,183,000 | 11,334,000 | 10,945,000 | 10,981,000 | 11,001,000 | 11,404,000 | 11,241,000 | 11,214,000 | 12,078,000 | 12,323,000 | 12,043,000 | 11,523,000 | 11,575,000 | 12,115,000 | 12,221,000 | 11,751,000 | 12,103,000 | 12,444,000 | 12,563,000 | 12,012,000 | 12,203,000 | 12,554,000 | 12,889,000 | 12,185,000 | 12,372,000 | 12,796,000 | 12,702,000 | 12,895,000 | 12,921,000 | 6,746,000 | ||||||||||||||||||||||||||||||||
right-to-use contracts current period, gross | 3,652,250 | 5,730,000 | 5,041,000 | 3,838,000 | 3,222,000 | 4,863,000 | 3,944,000 | 3,162,000 | 2,920,000 | 4,208,000 | 3,798,000 | 3,206,000 | 3,037,000 | 3,672,000 | 3,086,000 | 2,532,000 | 2,519,000 | 3,889,000 | 3,578,000 | 2,797,000 | 3,936,000 | 3,944,000 | 3,089,000 | 2,923,000 | 3,243,000 | 3,707,000 | 3,361,000 | 2,831,000 | 3,753,000 | 4,494,000 | 2,942,000 | 2,244,000 | 4,760,000 | 4,386,000 | 4,857,000 | 3,853,000 | 4,326,000 | 4,552,000 | 5,681,000 | 4,937,000 | 5,000,000 | 5,080,000 | 5,869,000 | 5,577,000 | 5,948,000 | 5,003,000 | ||||||||||||||||||||||||||||||||
right-to-use contract upfront payments, deferred | -2,053,250 | -3,530,000 | -2,912,000 | -1,771,000 | -1,191,000 | -2,883,000 | -2,021,000 | -1,285,000 | -342,000 | -1,670,000 | -1,321,000 | -775,000 | -652,000 | -1,327,000 | -798,000 | -302,000 | -302,000 | -1,701,000 | -1,455,000 | -773,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-to-use contract commissions, deferred | -223,250 | -313,000 | -389,000 | -191,000 | -69,000 | -458,000 | -262,000 | -24,000 | 18,000 | -176,000 | -112,000 | -84,000 | -11,000 | -200,000 | -116,000 | 104,000 | -85,000 | -464,000 | -764,000 | -243,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
community base rental income | 132,188,000 | 130,746,000 | 128,579,000 | 126,739,000 | 123,780,000 | 123,177,000 | 121,964,000 | 120,692,000 | 118,120,000 | 117,164,000 | 115,385,000 | 114,076,000 | 111,795,000 | 110,908,000 | 110,073,000 | 109,270,000 | 107,372,000 | 106,967,000 | 106,502,000 | 106,045,000 | 104,400,000 | 103,157,000 | 101,468,000 | 105,813,000 | 104,351,000 | 103,668,000 | 103,197,000 | 102,954,000 | 99,111,000 | 87,149,000 | 66,408,000 | 66,183,000 | 65,285,000 | 65,043,000 | 64,601,000 | 64,422,000 | 63,488,000 | 63,389,000 | 63,318,000 | 63,184,000 | 61,815,000 | 61,554,000 | 61,430,000 | 61,034,000 | 59,743,000 | 59,366,000 | 59,025,000 | 58,799,000 | 57,199,000 | 56,877,000 | ||||||||||||||||||||||||||||
rental home income | 3,746,000 | 3,507,000 | 3,561,000 | 3,515,000 | 3,515,000 | 3,592,000 | 3,632,000 | 3,605,000 | 3,535,000 | 3,484,000 | 3,543,000 | 3,545,000 | 3,486,000 | 3,413,000 | 3,559,000 | 3,554,000 | 3,640,000 | 3,684,000 | 3,746,000 | 3,757,000 | 3,691,000 | 3,584,000 | 3,598,000 | 4,165,000 | 3,953,000 | 3,711,000 | 3,358,000 | 3,043,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
resort base rental income | 56,070,000 | 64,351,000 | 55,231,000 | 64,254,000 | 49,212,000 | 58,471,000 | 50,055,000 | 61,068,000 | 46,881,000 | 54,486,000 | 44,732,000 | 55,434,000 | 41,923,000 | 49,765,000 | 41,427,000 | 51,645,000 | 37,780,000 | 44,351,000 | 36,888,000 | 44,949,000 | 33,366,000 | 39,932,000 | 33,197,000 | 40,739,000 | 29,824,000 | 36,516,000 | 30,408,000 | 37,579,000 | 28,631,000 | 36,139,000 | 29,251,000 | 36,468,000 | 28,041,000 | 35,991,000 | 28,504,000 | 36,945,000 | 27,056,000 | 34,561,000 | 27,747,000 | 35,458,000 | 24,903,000 | 29,343,000 | 23,033,000 | 34,597,000 | 23,036,000 | 25,557,000 | 22,058,000 | 31,721,000 | 20,131,000 | 22,887,000 | ||||||||||||||||||||||||||||
utility and other income | 24,804,000 | 25,917,000 | 24,320,000 | 25,521,000 | 24,181,000 | 26,295,000 | 20,650,000 | 22,126,000 | 19,937,000 | 21,174,000 | 19,523,000 | 20,793,000 | 18,143,000 | 20,027,000 | 18,901,000 | 19,082,000 | 17,139,000 | 18,581,000 | 16,919,000 | 17,571,000 | 15,106,000 | 16,224,000 | 15,787,000 | 17,165,000 | 14,411,000 | 16,036,000 | 17,582,000 | 16,403,000 | 13,799,000 | 14,498,000 | 12,484,000 | 13,062,000 | 11,060,000 | 12,490,000 | 11,918,000 | 12,889,000 | 11,230,000 | 12,331,000 | 11,720,000 | 12,404,000 | 10,411,000 | 10,572,000 | 9,859,000 | 10,791,000 | 8,298,000 | 9,273,000 | 9,178,000 | 10,100,000 | 7,192,000 | 7,538,000 | ||||||||||||||||||||||||||||
rental home operating and maintenance | 1,879,000 | 1,904,000 | 1,629,000 | 1,424,000 | 1,698,000 | 1,704,000 | 1,657,000 | 1,551,000 | 2,009,000 | 1,768,000 | 1,581,000 | 1,525,000 | 1,935,000 | 1,874,000 | 1,689,000 | 1,669,000 | 2,065,000 | 1,829,000 | 1,639,000 | 1,908,000 | 2,167,000 | 1,950,000 | 1,487,000 | 2,187,000 | 2,204,000 | 2,009,000 | 1,541,000 | 1,605,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on real estate assets and rental homes | 33,392,000 | 32,856,000 | 32,452,000 | 31,322,000 | 30,606,000 | 30,493,000 | 30,247,000 | 30,109,000 | 30,197,000 | 29,518,000 | 29,029,000 | 28,656,000 | 28,748,000 | 28,410,000 | 28,335,000 | 28,116,000 | 27,831,000 | 27,831,000 | 27,761,000 | 27,642,000 | 26,436,000 | 26,460,000 | 29,313,000 | 26,783,000 | 26,297,000 | 26,294,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of in-place leases | 2,118,000 | 2,124,000 | 1,893,000 | 1,052,000 | 103,000 | 138,000 | 958,000 | 1,032,000 | 1,234,000 | 1,376,000 | 428,000 | 335,000 | 408,000 | 616,000 | 669,000 | 665,000 | 208,000 | 1,075,000 | 1,401,000 | 1,315,000 | 1,137,000 | 485,000 | 159,000 | 159,000 | 808,000 | 7,548,000 | 18,401,000 | 18,365,000 | 17,720,000 | 10,759,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
redeemable perpetual preferred stock dividends and original issuance costs | -8,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – basic: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per common share – fully diluted: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brokered resale revenues and ancillary services revenues | 617,000 | 1,401,000 | -290,000 | 1,983,000 | 444,000 | 1,661,000 | 258,000 | 920,000 | 398,000 | 1,418,000 | 104,000 | 1,051,000 | 1,012,000 | 1,982,000 | 359,000 | 1,124,000 | 568,000 | 1,799,000 | 90,000 | 1,395,000 | 932,000 | 1,796,000 | -117,000 | 996,000 | 489,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share outstanding | 550 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c redeemable perpetual preferred stock dividends | -2,316,000 | -2,297,000 | -2,316,000 | -2,297,000 | -2,316,000 | -2,297,000 | -2,316,000 | -2,297,000 | -2,316,000 | -2,297,000 | -2,325,000 | -2,311,000 | -2,328,000 | -2,310,000 | -2,329,000 | -2,311,000 | -2,329,000 | -2,311,000 | -2,322,000 | -587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property rights initiatives and other | 203,500 | 324,000 | 271,000 | 219,000 | 2,950,000 | 855,000 | 527,000 | 654,000 | 1,052,000 | 687,000 | 694,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c redeemable perpetual preferred stock dividends and original issuance costs | -1,916,750 | -3,054,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income/ | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before equity in income of unconsolidated joint ventures and gain on sale of property | 26,784,750 | 40,224,000 | 38,934,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property | 528,000 | 929,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income available for common shares | 23,911,000 | 36,673,000 | 31,786,000 | 27,185,000 | 29,403,000 | 25,746,000 | 25,483,000 | 38,099,000 | 24,164,000 | 29,872,000 | 17,860,000 | 35,024,000 | 24,274,000 | 16,009,000 | 2,064,000 | 12,431,000 | 5,733,500 | -2,853,000 | 6,827,000 | 18,960,000 | 5,737,000 | 11,554,000 | 6,000,000 | 15,064,000 | 6,326,000 | 11,131,000 | 2,904,000 | 13,644,000 | -13,000 | 1,482,000 | 4,109,000 | 12,725,000 | 4,657,000 | 9,652,000 | 1,634,000 | 16,160,000 | 1,797,000 | 3,554,000 | ||||||||||||||||||||||||||||||||||||||||
property rights initiatives | 553,000 | 860,000 | 751,000 | 1,001,000 | 311,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-to-use contracts, deferred, net of prior period amortization | -1,075,750 | -1,989,000 | -1,168,000 | -1,147,000 | -1,248,000 | -1,856,000 | -1,550,000 | -1,040,000 | -2,014,000 | -2,788,000 | -1,285,000 | -607,000 | -3,168,000 | -2,858,000 | -3,414,000 | -2,496,000 | -3,027,000 | -3,330,000 | -4,551,000 | -3,948,000 | -5,163,000 | -5,671,000 | -4,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales and marketing, deferred commissions | -505,500 | -757,000 | -710,000 | -555,000 | -586,000 | -706,000 | -655,000 | -463,000 | -981,000 | -1,277,000 | -655,000 | -242,000 | -1,294,000 | -1,148,000 | -1,347,000 | -1,000,000 | -1,182,000 | -1,274,000 | -1,657,000 | -1,412,000 | -1,194,000 | -1,410,000 | -1,632,000 | -1,493,000 | -2,046,000 | -1,598,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before equity in income of unconsolidated joint ventures and gain on sale of property | 32,924,000 | 28,110,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated income from continuing operations | 34,262,000 | 30,276,000 | 30,040,000 | 43,890,000 | 28,817,000 | -6,632,000 | 18,621,000 | 3,863,000 | 1,355,000 | 11,654,000 | 25,632,000 | 10,596,000 | 17,307,000 | 11,021,000 | 21,704,000 | 11,403,000 | 12,269,000 | 7,358,000 | 20,365,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations before gain on sale of property | -82,000 | 982,000 | 3,165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of property, net of tax | -19,000 | 40,586,000 | 958,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated income from discontinued operations | -101,000 | 41,568,000 | 3,165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before equity in income of unconsolidated joint ventures | 29,396,000 | 42,003,000 | 28,402,000 | -7,071,000 | 18,012,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent control initiatives and other | 394,000 | 521,000 | 1,624,000 | 232,000 | 389,000 | 221,000 | 367,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a redeemable perpetual preferred stock dividends | -242,000 | -3,393,000 | -4,038,000 | -4,031,000 | -2,329,750 | -4,031,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition costs | 2,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) loss allocated to non-controlling interests – common op units | -722,750 | -1,503,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to non-controlling interests – perpetual preferred op units | -700,250 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b redeemable preferred stock dividends | -116,500 | -466,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other comprehensive loss: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive (income) loss allocated to non-controlling interests – common op units | -712,750 | -1,498,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income allocated to non-controlling interests – perpetual preferred op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income attributable to common shareholders | 7,519,500 | 15,960,000 | 2,032,000 | 12,086,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on real estate | 26,227,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
brokered resale revenues | 329,000 | 198,000 | 141,000 | 214,000 | 253,000 | 200,000 | 237,000 | 242,000 | 239,000 | 202,000 | 171,000 | 199,000 | 186,000 | 189,000 | 237,000 | 301,000 | 367,000 | 280,000 | 305,000 | 450,000 | 493,000 | 406,000 | 448,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
ancillary services revenues | 1,417,000 | -759,000 | 1,134,000 | 102,000 | 1,025,000 | 46,000 | 1,262,000 | 133,000 | 1,063,000 | -170,000 | 1,341,000 | 418,000 | 1,156,000 | -531,000 | 607,000 | -327,000 | 1,448,000 | 213,000 | 799,000 | -116,000 | 1,540,000 | 326,000 | 699,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on real estate and other costs | 26,099,000 | 23,780,000 | 21,689,000 | 17,285,000 | 17,227,000 | 17,166,000 | 17,096,000 | 16,940,000 | -17,107,000 | -17,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent control initiatives | 292,000 | 210,000 | 211,000 | 476,000 | 112,000 | 1,000 | 106,000 | 299,000 | 714,000 | -48,000 | -93,000 | -169,000 | -146,000 | 412,000 | -102,000 | -518,000 | -1,347,000 | -500,000 | -722,000 | -999,000 | -436,000 | -658,000 | -201,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on corporate assets | 187,000 | 275,000 | 256,000 | 254,000 | 249,000 | 245,000 | 246,000 | 379,000 | 210,000 | -179,000 | -458,000 | -168,000 | -124,000 | -84,000 | -84,000 | -98,000 | -100,000 | -116,000 | -111,000 | -110,000 | -97,000 | -102,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
transaction costs | 1,160,000 | 15,216,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | -54,000 | -177,000 | -17,000 | 4,690,000 | 87,000 | 106,000 | 67,000 | 26,000 | 40,000 | 13,000 | 523,000 | 5,612,000 | 15,000 | 3,793,000 | -66,000 | 65,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (income) allocated to non-controlling interests—common op units | -780,250 | 289,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to non-controlling interests — common op units | -789,000 | -2,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to non-controlling interests — perpetual preferred op units | -2,801,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | 21,000 | -53,000 | 87,000 | 126,000 | 80,000 | 32,000 | 88,000 | 57,000 | 55,000 | 96,000 | 18,000 | 120,000 | 1,000 | 82,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued real estate | -54,000 | -177,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to non-controlling interests: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common op units | -820,000 | -1,722,000 | -928,000 | -2,432,000 | -1,021,000 | -1,797,000 | -501,000 | -2,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
perpetual preferred op units | -4,039,000 | -4,031,000 | -4,039,000 | -4,031,000 | -4,039,000 | -4,031,000 | -4,040,000 | -4,033,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating revenues | 127,430,000 | 115,025,000 | 123,830,000 | 116,085,000 | 124,355,000 | 110,327,000 | 108,278,000 | 94,322,000 | 106,422,000 | 91,077,000 | 94,196,000 | 90,261,000 | 100,620,000 | 84,522,000 | 87,302,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operating expenses | 62,359,000 | 60,320,000 | 69,101,000 | 63,570,000 | 60,743,000 | 59,701,000 | 57,888,000 | 46,651,000 | 46,503,000 | 41,889,000 | 44,865,000 | 43,197,000 | 43,205,000 | 38,385,000 | 41,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on real estate assets | 16,923,000 | -17,143,000 | -17,399,000 | -16,529,000 | -17,132,000 | -16,258,000 | -16,274,000 | -11,808,000 | -15,901,000 | -15,707,000 | -15,624,000 | -15,643,000 | -15,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-to-use contracts deferred, net of prior period amortization | -3,690,250 | -4,327,000 | -5,271,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from property operations | 54,705,000 | 54,729,000 | 52,515,000 | 63,612,000 | 50,626,000 | 50,390,000 | 47,671,000 | 59,919,000 | 49,188,000 | 49,331,000 | 47,064,000 | 57,415,000 | 46,137,000 | 46,021,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
home sales operations: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit from home sales | 196,000 | 285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from home sales and other | -165,000 | 1,519,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other incomes | -43,426,000 | -44,208,000 | -45,699,000 | -44,514,000 | -43,999,000 | -43,895,000 | -39,385,000 | -40,805,000 | -39,674,000 | -40,657,000 | -40,639,000 | -40,131,000 | -39,536,000 | -38,603,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from discontinued real estate | -38,000 | 4,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross revenues from inventory home sales | 1,737,000 | 1,211,000 | 3,591,000 | 5,260,000 | 6,799,000 | 6,195,000 | 6,566,000 | 8,483,000 | 9,177,000 | 9,107,000 | 14,669,000 | 16,577,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of inventory home sales | -1,647,000 | -2,117,000 | -5,095,000 | -5,365,000 | -6,859,000 | -6,750,000 | -6,349,000 | -8,117,000 | -8,130,000 | -8,117,000 | -13,269,000 | -15,125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit from inventory home sales | 90,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit from home sales operations and other | 67,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on corporate and other assets | -234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale from discontinued real estate | -20,000 | -48,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from inventory home sales | -906,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from home sales operations and other | -636,000 | -679,250 | -743,000 | -1,721,000 | -253,000 | 7,250 | -375,000 | -368,000 | 772,000 | 594,500 | 127,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income and | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross profit from inventory home sales | -1,504,000 | -105,000 | 217,000 | 366,000 | 1,047,000 | 990,000 | 1,400,000 | 1,452,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interests, equity in income of unconsolidated joint ventures and discontinued operations | 7,794,500 | 5,752,000 | 6,565,000 | 18,861,000 | 8,103,000 | 8,299,000 | 6,057,000 | 18,056,000 | 6,742,250 | 7,545,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to common op units | 17,000 | -326,000 | -955,000 | -3,001,000 | -1,083,250 | -966,000 | -390,000 | -2,977,000 | -951,500 | -894,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to perpetual op units | -3,026,000 | -4,032,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 4,559,250 | 1,456,000 | 4,069,000 | 12,712,000 | 4,134,000 | 4,040,000 | 1,619,000 | 12,367,000 | 1,863,000 | 3,489,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale from discontinued real estate | -20,000 | -39,000 | -41,000 | 2,861,000 | 6,858,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to common op units from discontinued operations | -14,000 | -6,000 | -3,000 | -3,000 | -913,000 | -17,000 | -17,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) gross profit from inventory home sales | -60,000 | -555,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income allocated to perpetual preferred op units | -4,040,000 | -4,032,000 | -4,039,000 | -4,031,000 | -4,039,000 | -4,031,000 | -4,039,000 | -4,031,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss allocated to common op units from discontinued operations | -9,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation on discontinued operations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(income) allocated to common op units from discontinued operations | -564,750 | -1,342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of discontinued real estate | 4,586,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on early debt retirement |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 |
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assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in real estate: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
land | 2,088,174,000 | 2,088,463,000 | 2,088,606,000 | 2,088,682,000 | 2,088,682,000 | 2,088,682,000 | 2,088,682,000 | 2,088,657,000 | 2,088,657,000 | 2,088,657,000 | 2,088,511,000 | 2,086,725,000 | 2,084,532,000 | 2,080,234,000 | 2,073,106,000 | 2,025,609,000 | 2,019,787,000 | 1,969,487,000 | 1,877,023,000 | 1,861,574,000 | 1,676,636,000 | 1,531,313,000 | 1,528,929,000 | 1,526,225,000 | 1,525,407,000 | 1,516,956,000 | 1,418,353,000 | 1,412,050,000 | 1,408,832,000 | 1,342,925,000 | 1,284,851,000 | 1,249,414,000 | 1,221,375,000 | 1,167,620,000 | 1,167,510,000 | 1,163,987,000 | 1,163,987,000 | 1,155,587,000 | 1,142,651,000 | 1,105,542,000 | 1,101,676,000 | 1,101,685,000 | 1,100,490,000 | 1,095,365,000 | 1,091,550,000 | 1,068,236,000 | 1,065,368,000 | 1,065,368,000 | 1,025,246,000 | 1,023,456,000 | 984,224,000 | 1,019,581,000 | 1,019,581,000 | 1,016,004,000 | 1,018,508,000 | 1,018,521,000 | 1,018,521,000 | 894,152,000 | 544,470,000 | 544,464,000 | 544,462,000 | 544,403,000 | 544,403,000 | 543,663,000 | 544,722,000 | 544,719,000 | 546,012,000 | 546,398,000 | 541,979,000 | 541,979,000 | 542,004,000 | 542,004,000 | 541,000,000 | 534,978,000 | 534,162,000 | 531,841,000 | 531,302,000 | 523,636,000 |
land improvements | 4,784,223,000 | 4,739,532,000 | 4,680,281,000 | 4,630,575,000 | 4,582,815,000 | 4,536,573,000 | 4,490,978,000 | 4,435,288,000 | 4,380,649,000 | 4,307,943,000 | 4,237,327,000 | 4,170,166,000 | 4,115,439,000 | 4,050,685,000 | 4,031,259,000 | 3,962,367,000 | 3,912,062,000 | 3,783,255,000 | 3,702,696,000 | 3,629,258,000 | 3,543,479,000 | 3,434,393,000 | 3,396,132,000 | 3,362,287,000 | 3,336,070,000 | 3,291,463,000 | 3,236,899,000 | 3,184,597,000 | 3,143,745,000 | 3,114,815,000 | 3,072,474,000 | 3,077,835,000 | 3,045,221,000 | 2,940,500,000 | 2,922,201,000 | 2,903,564,000 | 2,893,759,000 | 2,863,758,000 | 2,867,006,000 | 2,796,998,000 | 2,787,882,000 | 2,773,269,000 | 2,763,483,000 | 2,745,749,000 | 2,734,304,000 | 2,706,662,000 | 2,692,191,000 | 2,685,613,000 | 2,667,213,000 | 2,654,169,000 | 2,573,046,000 | 2,626,613,000 | 2,624,218,000 | 2,601,980,000 | 2,600,093,000 | 2,594,401,000 | 2,591,225,000 | 2,371,758,000 | 1,766,231,000 | 1,762,709,000 | 1,762,122,000 | 1,755,667,000 | 1,752,030,000 | 1,743,811,000 | 1,744,443,000 | 1,738,631,000 | 1,742,692,000 | 1,742,811,000 | 1,725,752,000 | 1,720,561,000 | 1,711,170,000 | 1,706,760,000 | 1,700,888,000 | 1,688,797,000 | 1,685,016,000 | 1,670,098,000 | 1,664,964,000 | 1,634,996,000 |
buildings and other depreciable property | 1,306,317,000 | 1,280,579,000 | 1,259,620,000 | 1,241,287,000 | 1,244,193,000 | 1,230,614,000 | 1,225,474,000 | 1,229,374,000 | 1,236,985,000 | 1,228,897,000 | 1,223,492,000 | 1,197,416,000 | 1,169,590,000 | 1,137,297,000 | 1,138,211,000 | 1,083,942,000 | 1,057,215,000 | 1,042,086,000 | 1,027,716,000 | 1,014,906,000 | 940,311,000 | 905,679,000 | 903,249,000 | 892,816,000 | 881,572,000 | 869,360,000 | 781,671,000 | 747,268,000 | 720,900,000 | 708,600,000 | 692,495,000 | 658,735,000 | 649,217,000 | 647,513,000 | 641,931,000 | 635,248,000 | 627,590,000 | 622,045,000 | 608,204,000 | 597,989,000 | 588,041,000 | 584,132,000 | 576,456,000 | 569,610,000 | 562,059,000 | 551,522,000 | 549,869,000 | 545,148,000 | 535,647,000 | 530,701,000 | 515,801,000 | 540,485,000 | 527,718,000 | 508,177,000 | 492,221,000 | 480,186,000 | 469,627,000 | 421,427,000 | 298,438,000 | 288,163,000 | 278,403,000 | 269,153,000 | 260,531,000 | 254,372,000 | 249,050,000 | 246,119,000 | 241,391,000 | 227,788,000 | 223,290,000 | 201,519,000 | 190,206,000 | 155,554,000 | 154,227,000 | 150,839,000 | 145,964,000 | 143,961,000 | 141,194,000 | 139,935,000 |
investment in real estate: - sum | 8,178,714,000 | 8,108,574,000 | 8,028,507,000 | 7,960,544,000 | 7,915,690,000 | 7,855,869,000 | 7,805,134,000 | 7,753,319,000 | 7,706,291,000 | 7,625,497,000 | 7,549,330,000 | 7,369,561,000 | 7,268,216,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | -2,838,344,000 | -2,787,438,000 | -2,737,656,000 | -2,688,159,000 | -2,639,538,000 | -2,592,258,000 | -2,544,276,000 | -2,497,039,000 | -2,448,876,000 | -2,401,384,000 | -2,355,031,000 | -2,306,538,000 | -2,258,540,000 | -2,211,405,000 | -2,197,013,000 | -2,150,238,000 | -2,103,774,000 | -2,056,260,000 | -2,014,797,000 | -1,968,711,000 | -1,924,585,000 | -1,886,768,000 | -1,849,799,000 | -1,812,822,000 | -1,776,224,000 | -1,739,285,000 | -1,704,091,000 | -1,668,008,000 | -1,631,888,000 | -1,613,158,000 | -1,580,013,000 | -1,547,574,000 | -1,516,694,000 | -1,488,722,000 | -1,459,931,000 | -1,429,999,000 | -1,399,531,000 | -1,368,942,000 | -1,339,298,000 | -1,310,762,000 | -1,282,423,000 | -1,254,085,000 | -1,226,027,000 | -1,197,782,000 | -1,169,492,000 | -1,143,800,000 | -1,116,180,000 | -1,087,380,000 | -1,058,540,000 | -1,031,152,000 | -1,004,300,000 | -990,671,000 | -963,657,000 | -937,078,000 | -903,183,000 | -858,497,000 | -813,926,000 | -771,105,000 | -737,354,000 | -718,974,000 | -700,665,000 | -682,463,000 | -664,451,000 | -646,695,000 | -629,768,000 | -612,237,000 | -596,962,000 | -579,455,000 | -561,233,000 | -543,923,000 | -527,180,000 | -510,546,000 | -494,211,000 | -480,401,000 | -467,071,000 | -451,302,000 | -435,809,000 | -419,984,000 |
net investment in real estate | 5,340,370,000 | 5,321,136,000 | 5,290,851,000 | 5,272,385,000 | 5,276,152,000 | 5,263,611,000 | 5,260,858,000 | 5,256,280,000 | 5,257,415,000 | 5,224,113,000 | 5,194,299,000 | 5,147,769,000 | 5,111,021,000 | 5,056,811,000 | 5,045,563,000 | 4,921,680,000 | 4,885,290,000 | 4,738,568,000 | 4,592,638,000 | 4,537,027,000 | 4,235,841,000 | 3,984,617,000 | 3,978,511,000 | 3,968,506,000 | 3,966,825,000 | 3,938,494,000 | 3,732,832,000 | 3,675,907,000 | 3,641,589,000 | 3,553,182,000 | 3,469,807,000 | 3,438,410,000 | 3,399,119,000 | 3,266,911,000 | 3,271,711,000 | 3,272,800,000 | 3,285,805,000 | 3,272,448,000 | 3,278,563,000 | 3,189,767,000 | 3,195,176,000 | 3,205,001,000 | 3,214,402,000 | 3,212,942,000 | 3,218,421,000 | 3,182,620,000 | 3,191,248,000 | 3,208,749,000 | 3,169,566,000 | 3,177,174,000 | 3,068,771,000 | 3,196,008,000 | 3,207,860,000 | 3,189,083,000 | 3,207,639,000 | 3,234,611,000 | 3,265,447,000 | 2,916,232,000 | 1,871,785,000 | 1,876,362,000 | 1,884,322,000 | 1,886,760,000 | 1,892,513,000 | 1,895,151,000 | 1,908,447,000 | 1,917,232,000 | 1,933,133,000 | 1,937,542,000 | 1,929,788,000 | 1,920,136,000 | 1,916,200,000 | 1,893,772,000 | 1,901,904,000 | 1,894,213,000 | 1,898,071,000 | 1,894,598,000 | 1,901,651,000 | 1,878,583,000 |
cash and restricted cash | 26,132,000 | 39,291,000 | 33,008,000 | 47,476,000 | 24,576,000 | 40,398,000 | 35,658,000 | 47,281,000 | 29,937,000 | 59,680,000 | 28,107,000 | 30,661,000 | 22,347,000 | 30,510,000 | 42,426,000 | 38,120,000 | 123,398,000 | 40,272,000 | 44,753,000 | 91,528,000 | 24,060,000 | 114,218,000 | 119,993,000 | 96,921,000 | 28,860,000 | 42,386,000 | 90,457,000 | 144,222,000 | 65,974,000 | 112,410,000 | 46,025,000 | 73,891,000 | ||||||||||||||||||||||||||||||||||||||||||||||
notes receivable | 93,358,000 | 96,846,000 | 100,269,000 | 47,730,000 | 50,726,000 | 55,037,000 | 51,504,000 | 49,346,000 | 49,937,000 | 49,684,000 | 47,375,000 | 46,655,000 | 45,356,000 | 44,653,000 | 41,925,000 | 40,542,000 | 39,955,000 | 39,947,000 | 38,072,000 | 37,195,000 | 35,844,000 | 36,230,000 | 35,304,000 | 35,227,000 | 37,558,000 | 37,228,000 | 36,010,000 | 34,811,000 | 35,041,000 | 35,889,000 | 34,672,000 | 34,913,000 | 49,477,000 | 49,284,000 | 48,253,000 | 34,239,000 | 34,520,000 | 34,277,000 | 33,837,000 | 34,144,000 | 35,463,000 | 36,334,000 | 35,464,000 | 36,313,000 | 37,137,000 | 38,051,000 | 38,208,000 | 38,610,000 | 42,990,000 | 43,415,000 | 43,078,000 | 50,263,000 | 53,172,000 | 56,056,000 | 56,297,000 | 59,678,000 | 64,239,000 | 58,069,000 | 28,116,000 | 24,629,000 | 25,726,000 | 25,955,000 | 26,753,000 | 29,240,000 | 29,952,000 | 28,428,000 | 29,078,000 | 30,209,000 | 31,799,000 | 31,676,000 | 10,823,000 | 11,039,000 | 10,954,000 | 11,346,000 | 15,823,000 | 15,083,000 | 22,045,000 | 22,094,000 |
investment in unconsolidated joint ventures | 85,041,000 | 87,011,000 | 88,372,000 | 89,553,000 | 83,772,000 | 84,834,000 | 86,439,000 | 84,989,000 | 85,304,000 | 84,328,000 | 82,423,000 | 81,135,000 | 81,404,000 | 88,352,000 | 84,113,000 | 79,688,000 | 70,312,000 | 20,632,000 | 20,496,000 | 19,861,000 | 19,726,000 | 19,933,000 | 19,864,000 | 20,130,000 | 20,074,000 | 20,339,000 | 55,195,000 | 58,465,000 | 57,755,000 | 57,366,000 | 57,699,000 | 57,491,000 | 53,080,000 | 52,966,000 | 21,766,000 | 19,187,000 | 19,369,000 | 19,198,000 | 23,223,000 | 22,994,000 | 17,741,000 | 17,554,000 | 17,963,000 | 17,889,000 | 13,512,000 | 15,414,000 | 14,709,000 | 14,477,000 | ||||||||||||||||||||||||||||||
deferred commission expense | 58,149,000 | 58,530,000 | 57,847,000 | 57,144,000 | 56,516,000 | 56,050,000 | 54,882,000 | 54,024,000 | 53,641,000 | 53,180,000 | 51,978,000 | 51,090,000 | 50,441,000 | 50,029,000 | 48,806,000 | 47,859,000 | 47,349,000 | 46,748,000 | 45,288,000 | 43,880,000 | 42,472,000 | 42,220,000 | 41,622,000 | 41,230,000 | 41,149,000 | 40,953,000 | 40,710,000 | 40,405,000 | 40,308,000 | 40,352,000 | 39,843,000 | 39,550,000 | 31,443,000 | 31,608,000 | 31,453,000 | 31,357,000 | 31,375,000 | 31,435,000 | 31,084,000 | 30,758,000 | 30,865,000 | 30,781,000 | 29,960,000 | 28,902,000 | 28,589,000 | 27,885,000 | 26,585,000 | 25,806,000 | 25,251,000 | 24,665,000 | 23,959,000 | 23,305,000 | 22,842,000 | 21,861,000 | 20,584,000 | 19,929,000 | 19,687,000 | 18,393,000 | 17,245,000 | 15,898,000 | 14,898,000 | 13,716,000 | 12,443,000 | 10,785,000 | 9,373,000 | 8,180,000 | 6,769,000 | 5,137,000 | 3,644,000 | 1,598,000 | ||||||||
other assets | 142,343,000 | 144,367,000 | 150,536,000 | 128,076,000 | 153,910,000 | 144,189,000 | 156,134,000 | 138,314,000 | 137,499,000 | 155,306,000 | 181,805,000 | 162,003,000 | 181,950,000 | 135,091,000 | 136,755,000 | 136,916,000 | 141,567,000 | 95,693,000 | 82,760,000 | 56,224,000 | 61,026,000 | 63,195,000 | 72,880,000 | 50,450,000 | 56,809,000 | 58,071,000 | 59,274,000 | 55,067,000 | 49,227,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 5,745,393,000 | 5,747,181,000 | 5,720,883,000 | 5,642,364,000 | 5,645,652,000 | 5,644,119,000 | 5,645,475,000 | 5,630,234,000 | 5,613,733,000 | 5,626,291,000 | 5,585,987,000 | 5,519,313,000 | 5,492,519,000 | 5,405,446,000 | 5,399,588,000 | 5,264,805,000 | 5,307,871,000 | 4,981,860,000 | 4,824,007,000 | 4,785,715,000 | 4,418,969,000 | 4,260,413,000 | 4,268,174,000 | 4,212,464,000 | 4,151,275,000 | 4,137,471,000 | 4,014,478,000 | 4,008,877,000 | 3,925,808,000 | 3,855,037,000 | 3,700,189,000 | 3,690,083,000 | 3,610,032,000 | 3,525,847,000 | 3,485,358,000 | 3,471,041,000 | 3,478,987,000 | 3,470,383,000 | 3,485,575,000 | 3,415,125,000 | 3,420,061,000 | 3,443,390,000 | 3,447,508,000 | 3,468,794,000 | 3,446,339,000 | 3,451,148,000 | 3,430,424,000 | 3,410,562,000 | 3,391,639,000 | 3,397,130,000 | 3,521,129,000 | 3,426,566,000 | 3,398,226,000 | 3,497,125,000 | 3,498,650,000 | 3,492,569,000 | 3,496,101,000 | 3,292,805,000 | 2,368,553,000 | 2,066,862,000 | 2,048,395,000 | 2,073,162,000 | 2,152,928,000 | 2,181,106,000 | 2,166,319,000 | 2,198,293,000 | 2,225,821,000 | 2,067,115,000 | 2,091,647,000 | 2,106,143,000 | 2,029,806,000 | 2,028,246,000 | 2,033,695,000 | 2,046,051,000 | 2,046,232,000 | 2,044,165,000 | 2,055,831,000 | 2,034,920,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable | 2,779,158,000 | 2,794,804,000 | 2,810,199,000 | 2,912,325,000 | 2,928,292,000 | 2,943,999,000 | 2,959,443,000 | 2,974,728,000 | 2,989,959,000 | 3,005,034,000 | 2,748,807,000 | 2,677,318,000 | 2,693,167,000 | 2,708,751,000 | 2,724,040,000 | 2,598,830,000 | 2,627,783,000 | 2,606,999,000 | 2,621,130,000 | 2,634,643,000 | 2,444,930,000 | 2,450,783,000 | 2,247,790,000 | 2,260,819,000 | 2,049,509,000 | 2,062,736,000 | 2,075,689,000 | 2,147,490,000 | 2,149,726,000 | 2,016,257,000 | 2,028,535,000 | 2,040,506,000 | 1,971,715,000 | 1,981,604,000 | 1,855,028,000 | 1,859,890,000 | 1,891,900,000 | 1,892,692,000 | 1,915,834,000 | 1,907,074,000 | 1,945,713,000 | 1,956,246,000 | 1,966,517,000 | 2,011,738,000 | 2,012,246,000 | 2,005,942,000 | 1,984,727,000 | 1,976,426,000 | 1,992,368,000 | 1,994,308,000 | 2,122,883,000 | 2,051,435,000 | 2,069,866,000 | 2,084,203,000 | 2,088,450,000 | 2,075,441,000 | 2,084,683,000 | 1,893,298,000 | 1,357,458,000 | 1,407,176,000 | 1,412,919,000 | 1,425,299,000 | 1,503,543,000 | 1,543,722,000 | 1,547,901,000 | 1,568,185,000 | 1,611,021,000 | 1,609,703,000 | 1,569,403,000 | 1,552,041,000 | 1,561,799,000 | 1,551,230,000 | 1,556,392,000 | 1,586,329,000 | 1,586,012,000 | |||
term loans | 437,455,000 | 437,250,000 | 347,046,000 | 199,423,000 | 199,344,000 | 497,873,000 | 498,007,000 | 497,875,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured line of credit | 105,000,000 | 45,000,000 | 90,000,000 | 63,000,000 | 77,000,000 | 32,500,000 | 14,000,000 | 6,000,000 | 31,000,000 | 205,000,000 | 212,000,000 | 198,000,000 | 94,984,000 | 47,800,000 | 69,000,000 | 349,000,000 | 220,000,000 | 62,000,000 | 50,000,000 | 222,000,000 | 50,000,000 | 50,000,000 | 160,000,000 | 120,000,000 | 80,000,000 | 30,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and other liabilities | 152,536,000 | 196,958,000 | 170,829,000 | 161,751,000 | 159,225,000 | 207,603,000 | 177,819,000 | 171,061,000 | 151,567,000 | 189,090,000 | 172,851,000 | 185,126,000 | 175,148,000 | 184,771,000 | 185,961,000 | 166,435,000 | 172,285,000 | 186,258,000 | 164,331,000 | 142,614,000 | 129,666,000 | 148,034,000 | 142,269,000 | 124,396,000 | 124,665,000 | 144,622,000 | 127,051,000 | 120,298,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deferred membership revenue | 221,498,000 | 224,877,000 | 228,075,000 | 230,455,000 | 229,301,000 | 232,862,000 | 228,099,000 | 223,470,000 | 218,337,000 | 216,021,000 | 210,242,000 | 204,312,000 | 197,743,000 | 195,290,000 | 188,582,000 | 182,181,000 | 176,439,000 | 173,222,000 | 167,631,000 | 160,792,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued interest payable | 11,333,000 | 10,926,000 | 10,636,000 | 10,489,000 | 10,679,000 | 11,991,000 | 11,978,000 | 12,543,000 | 12,657,000 | 12,296,000 | 12,305,000 | 12,090,000 | 11,739,000 | 10,317,000 | 9,520,000 | 9,175,000 | 9,293,000 | 8,879,000 | 8,753,000 | 8,803,000 | 8,336,000 | 8,055,000 | 8,485,000 | 8,627,000 | 8,639,000 | 8,410,000 | 8,187,000 | 8,729,000 | 8,759,000 | 8,369,000 | 8,425,000 | 8,501,000 | 8,387,000 | 7,969,000 | 8,044,000 | 8,212,000 | 8,379,000 | 8,128,000 | 8,488,000 | 8,669,000 | 8,715,000 | 8,579,000 | 8,705,000 | 8,424,000 | 9,496,000 | 8,865,000 | 9,480,000 | 9,712,000 | 9,416,000 | 9,523,000 | 10,144,000 | 10,520,000 | 10,548,000 | 10,305,000 | 10,227,000 | 10,748,000 | 10,737,000 | 9,208,000 | 6,847,000 | 7,189,000 | 7,174,000 | 7,090,000 | 7,505,000 | 8,064,000 | 8,036,000 | 7,957,000 | 8,337,000 | 8,546,000 | 8,335,000 | 8,418,000 | 8,304,000 | 8,948,000 | 9,164,000 | 8,878,000 | 9,050,000 | 9,248,000 | 9,066,000 | 8,815,000 |
rents and other customer payments received in advance and security deposits | 120,441,000 | 122,470,000 | 148,006,000 | 128,673,000 | 122,448,000 | 128,345,000 | 152,433,000 | 131,547,000 | 126,451,000 | 121,930,000 | 148,989,000 | 130,704,000 | 122,318,000 | 115,035,000 | 145,265,000 | 132,412,000 | 118,696,000 | 109,983,000 | 130,903,000 | 115,515,000 | 92,587,000 | 90,219,000 | 102,480,000 | 91,152,000 | 91,234,000 | 88,094,000 | 104,249,000 | 86,519,000 | 81,114,000 | 80,011,000 | 94,868,000 | 80,500,000 | 79,267,000 | 73,609,000 | 88,543,000 | 77,398,000 | 76,906,000 | 70,794,000 | 84,821,000 | 74,153,000 | 74,300,000 | 69,212,000 | 79,748,000 | 69,994,000 | 67,463,000 | 60,560,000 | 68,491,000 | 62,466,000 | 58,931,000 | 53,104,000 | 60,988,000 | 56,633,000 | 55,707,000 | 51,560,000 | 59,130,000 | 54,558,000 | 54,234,000 | 47,369,000 | 52,153,000 | 48,283,000 | 47,738,000 | 40,550,000 | 46,432,000 | 44,275,000 | 44,368,000 | 37,456,000 | 43,405,000 | 41,822,000 | 41,302,000 | 50,272,000 | ||||||||
distributions payable | 103,146,000 | 103,143,000 | 103,140,000 | 102,983,000 | 95,577,000 | 93,407,000 | 93,402,000 | 93,264,000 | 87,493,000 | 87,491,000 | 87,486,000 | 87,338,000 | 80,102,000 | 80,314,000 | 80,311,000 | 80,287,000 | 70,768,000 | 70,009,000 | 70,007,000 | 69,882,000 | 66,003,000 | 66,001,000 | 65,978,000 | 65,858,000 | 58,978,000 | 58,976,000 | 58,972,000 | 58,637,000 | 52,617,000 | 52,521,000 | 52,043,000 | 52,010,000 | 46,047,000 | 45,501,000 | 45,259,000 | 45,230,000 | 39,411,000 | 39,315,000 | 39,300,000 | 39,016,000 | 34,315,000 | 34,314,000 | 34,312,000 | 34,298,000 | 29,623,000 | 29,620,000 | 29,614,000 | 29,478,000 | 22,753,000 | 22,759,000 | 25,020,000 | 22,664,000 | 20,415,000 | 19,811,000 | 19,799,000 | 16,943,000 | 16,722,000 | 15,591,000 | 13,316,000 | 10,633,000 | 10,626,000 | 10,623,000 | 10,611,000 | 10,586,000 | 10,585,000 | 7,657,000 | 7,638,000 | 6,106,000 | 6,097,000 | 6,083,000 | 6,070,000 | 4,531,000 | 4,528,000 | 4,526,000 | 4,485,000 | 2,251,000 | 2,254,000 | |
total liabilities | 3,930,567,000 | 3,935,428,000 | 3,907,931,000 | 3,809,099,000 | 3,821,866,000 | 4,148,580,000 | 4,135,181,000 | 4,110,488,000 | 4,115,112,000 | 4,129,284,000 | 4,082,875,000 | 4,005,927,000 | 3,975,034,000 | 3,886,057,000 | 3,877,852,000 | 3,734,468,000 | 3,821,700,000 | 3,672,638,000 | 3,522,016,000 | 3,481,369,000 | 3,114,214,000 | 2,961,321,000 | 2,960,791,000 | 2,891,557,000 | 2,829,387,000 | 2,817,678,000 | 2,707,004,000 | 2,751,559,000 | 2,732,464,000 | 2,664,520,000 | 2,598,358,000 | 2,588,944,000 | 2,509,990,000 | 2,510,672,000 | 2,385,947,000 | 2,371,295,000 | 2,397,140,000 | 2,395,769,000 | 2,419,659,000 | 2,399,968,000 | 2,427,370,000 | 2,454,214,000 | 2,465,829,000 | 2,489,702,000 | 2,467,312,000 | 2,474,604,000 | 2,455,278,000 | 2,435,828,000 | 2,428,434,000 | 2,437,595,000 | 2,582,091,000 | 2,485,092,000 | 2,473,924,000 | 2,516,349,000 | 2,519,588,000 | 2,498,173,000 | 2,496,821,000 | 2,308,412,000 | 1,560,966,000 | 1,597,124,000 | 1,588,237,000 | 1,609,043,000 | 1,693,263,000 | 1,720,270,000 | 1,711,892,000 | 1,740,811,000 | 1,775,164,000 | 1,760,638,000 | 1,795,413,000 | 1,804,932,000 | 1,726,717,000 | 1,725,974,000 | 1,744,978,000 | 1,759,088,000 | 1,768,277,000 | 1,765,248,000 | 1,795,919,000 | 1,775,176,000 |
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 1,988,000 | 1,988,000 | 1,962,000 | 1,962,000 | 1,962,000 | 1,917,000 | 1,917,000 | 1,917,000 | 1,917,000 | 1,917,000 | 1,916,000 | 1,916,000 | 1,916,000 | 1,916,000 | 1,916,000 | 1,916,000 | 1,913,000 | 1,828,000 | 1,827,000 | 1,813,000 | 1,813,000 | 1,812,000 | 1,812,000 | 1,812,000 | 1,812,000 | 1,812,000 | 906,000 | 896,000 | 896,000 | 895,000 | 884,000 | 883,000 | 883,000 | 872,000 | 868,000 | 866,000 | 854,000 | 852,000 | 852,000 | 845,000 | ||||||||||||||||||||||||||||||||||||||
paid-in capital | 1,981,540,000 | 1,979,547,000 | 1,953,854,000 | 1,951,391,000 | 1,951,430,000 | 1,648,384,000 | 1,646,160,000 | 1,644,410,000 | 1,644,319,000 | 1,641,553,000 | 1,638,354,000 | 1,629,866,000 | 1,628,618,000 | 1,625,751,000 | 1,622,876,000 | 1,619,164,000 | 1,593,362,000 | 1,427,606,000 | 1,424,350,000 | 1,411,813,000 | 1,411,397,000 | 1,408,253,000 | 1,405,764,000 | 1,402,514,000 | 1,402,696,000 | 1,399,951,000 | 1,397,613,000 | 1,332,410,000 | 1,329,391,000 | 1,325,648,000 | 1,248,047,000 | 1,245,214,000 | 1,242,109,000 | 1,164,658,000 | 1,121,307,000 | 1,117,628,000 | 1,103,048,000 | 1,096,916,000 | 1,094,152,000 | 1,046,033,000 | 1,039,140,000 | 1,039,842,000 | 1,037,290,000 | 1,035,275,000 | 1,029,601,000 | 1,028,912,000 | 1,025,396,000 | 1,020,925,000 | 1,021,365,000 | 1,021,694,000 | 1,014,170,000 | 1,014,204,000 | 1,012,930,000 | 1,010,154,000 | 1,005,289,000 | 1,002,810,000 | 998,483,000 | 892,316,000 | 780,617,000 | 465,959,000 | 463,722,000 | 462,566,000 | 459,888,000 | 456,074,000 | 456,696,000 | 456,597,000 | 450,714,000 | 321,817,000 | 320,084,000 | 318,415,000 | 315,743,000 | 314,203,000 | 310,803,000 | 310,391,000 | 309,117,000 | 307,849,000 | 304,483,000 | 304,287,000 |
distributions in excess of accumulated earnings | -225,045,000 | -225,682,000 | -222,992,000 | -204,226,000 | -214,979,000 | -219,724,000 | -213,486,000 | -202,721,000 | -223,576,000 | -232,081,000 | -225,640,000 | -205,203,000 | -204,248,000 | -200,969,000 | -191,828,000 | -177,158,000 | -183,689,000 | -181,941,000 | -185,930,000 | -180,370,000 | -179,523,000 | -181,754,000 | -169,903,000 | -153,703,000 | -154,318,000 | -153,505,000 | -162,204,000 | -152,848,000 | -211,034,000 | -211,743,000 | -218,453,000 | -215,749,000 | -211,980,000 | -213,771,000 | -219,641,000 | -216,724,000 | -231,276,000 | -231,879,000 | -236,623,000 | -235,875,000 | -250,506,000 | -253,396,000 | -258,457,000 | -258,642,000 | -254,209,000 | -256,340,000 | -254,816,000 | -253,065,000 | -264,083,000 | -267,415,000 | -276,448,000 | -273,465,000 | -287,652,000 | -293,790,000 | -291,673,000 | -275,656,000 | -270,021,000 | -254,455,000 | -236,888,000 | -229,740,000 | -237,002,000 | -233,434,000 | -235,740,000 | -232,540,000 | -238,467,000 | -235,682,000 | -237,704,000 | -234,279,000 | -241,609,000 | -236,583,000 | -233,096,000 | -232,285,000 | -240,098,000 | -241,099,000 | -247,098,000 | -245,080,000 | -257,594,000 | -257,608,000 |
accumulated other comprehensive income | -2,208,000 | -2,594,000 | -2,010,000 | 674,000 | 2,303,000 | -4,764,000 | 5,292,000 | 5,280,000 | 6,061,000 | 15,564,000 | 17,327,000 | 15,141,000 | 19,119,000 | 20,476,000 | 16,241,000 | 13,448,000 | 3,524,000 | 325,000 | 239,000 | 129,000 | -1,161,000 | -1,713,000 | -380,000 | -499,000 | -242,000 | 1,368,000 | 2,299,000 | 3,959,000 | 3,579,000 | 2,815,000 | 942,000 | 141,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 1,756,275,000 | 1,753,259,000 | 1,730,814,000 | 1,749,801,000 | 1,740,716,000 | 1,425,813,000 | 1,439,883,000 | 1,448,886,000 | 1,428,721,000 | 1,426,953,000 | 1,431,957,000 | 1,441,720,000 | 1,445,405,000 | 1,447,174,000 | 1,449,205,000 | 1,457,370,000 | 1,415,110,000 | 1,247,818,000 | 1,240,486,000 | 1,233,385,000 | 1,233,687,000 | 1,228,311,000 | 1,236,512,000 | 1,248,910,000 | 1,249,810,000 | 1,247,759,000 | 1,236,073,000 | 1,181,826,000 | 1,118,759,000 | 1,034,057,000 | 1,033,163,000 | 951,759,000 | 1,038,708,000 | 1,037,913,000 | 1,001,387,000 | 993,328,000 | 945,986,000 | 921,821,000 | 914,786,000 | 912,379,000 | 911,993,000 | 909,695,000 | 907,561,000 | 904,356,000 | 893,333,000 | 889,900,000 | 872,982,000 | 875,151,000 | 859,248,000 | 913,766,000 | 911,070,000 | 724,642,000 | 726,327,000 | 635,361,000 | 543,765,000 | 236,530,000 | 227,030,000 | 229,440,000 | 224,455,000 | 223,839,000 | 218,530,000 | 221,216,000 | 213,309,000 | 87,776,000 | 78,713,000 | 82,070,000 | 82,885,000 | 82,155,000 | 70,941,000 | 69,528,000 | 62,255,000 | 63,004,000 | 47,118,000 | 46,908,000 | ||||
non-controlling interests – common op units | 58,551,000 | 58,494,000 | 82,138,000 | 83,464,000 | 83,070,000 | 69,726,000 | 70,411,000 | 70,860,000 | 69,900,000 | 70,054,000 | 71,155,000 | 71,666,000 | 72,080,000 | 72,215,000 | 72,531,000 | 72,967,000 | 71,061,000 | 61,404,000 | 61,505,000 | 70,961,000 | 71,068,000 | 70,781,000 | 70,871,000 | 71,997,000 | 72,078,000 | 72,034,000 | 71,401,000 | 75,492,000 | 71,792,000 | 71,758,000 | 67,774,000 | 67,976,000 | 68,088,000 | 63,416,000 | 60,703,000 | 61,833,000 | 73,304,000 | 73,227,000 | 72,588,000 | 69,171,000 | 67,623,000 | 67,355,000 | 66,893,000 | 66,713,000 | 67,034,000 | 66,849,000 | 67,585,000 | 70,378,000 | 69,872,000 | 69,635,000 | 66,056,000 | 66,323,000 | 65,054,000 | 67,010,000 | 67,992,000 | 69,754,000 | 64,798,000 | 34,679,000 | ||||||||||||||||||||
total equity | 1,814,826,000 | 1,811,753,000 | 1,812,952,000 | 1,833,265,000 | 1,823,786,000 | 1,495,539,000 | 1,510,294,000 | 1,519,746,000 | 1,498,621,000 | 1,497,007,000 | 1,503,112,000 | 1,513,386,000 | 1,517,485,000 | 1,519,389,000 | 1,521,736,000 | 1,530,337,000 | 1,486,171,000 | 1,309,222,000 | 1,301,991,000 | 1,304,346,000 | 1,304,755,000 | 1,299,092,000 | 1,307,383,000 | 1,320,907,000 | 1,321,888,000 | 1,319,793,000 | 1,307,474,000 | 1,257,318,000 | 1,193,344,000 | 1,190,517,000 | 1,101,831,000 | 1,101,139,000 | 1,100,042,000 | 1,015,175,000 | 1,099,411,000 | 1,099,746,000 | 1,081,847,000 | 1,074,614,000 | 1,065,916,000 | 1,015,157,000 | 992,691,000 | 989,176,000 | 981,679,000 | 979,092,000 | 979,027,000 | 976,544,000 | 975,146,000 | 974,734,000 | 963,205,000 | 959,535,000 | 939,038,000 | 941,474,000 | 924,302,000 | 980,776,000 | 979,062,000 | 794,396,000 | 799,280,000 | 700,159,000 | 607,587,000 | 269,738,000 | 260,158,000 | 264,119,000 | 259,665,000 | 260,836,000 | 254,427,000 | 257,482,000 | 250,657,000 | 106,477,000 | ||||||||||
total liabilities and equity | 5,745,393,000 | 5,747,181,000 | 5,720,883,000 | 5,642,364,000 | 5,645,652,000 | 5,644,119,000 | 5,645,475,000 | 5,630,234,000 | 5,613,733,000 | 5,626,291,000 | 5,585,987,000 | 5,519,313,000 | 5,492,519,000 | 5,405,446,000 | 5,399,588,000 | 5,264,805,000 | 5,307,871,000 | 4,981,860,000 | 4,824,007,000 | 4,785,715,000 | 4,418,969,000 | 4,260,413,000 | 4,268,174,000 | 4,212,464,000 | 4,151,275,000 | 4,137,471,000 | 4,014,478,000 | 4,008,877,000 | 3,925,808,000 | 3,855,037,000 | 3,700,189,000 | 3,690,083,000 | 3,610,032,000 | 3,525,847,000 | 3,485,358,000 | 3,471,041,000 | 3,478,987,000 | 3,470,383,000 | 3,485,575,000 | 3,415,125,000 | 3,420,061,000 | 3,443,390,000 | 3,447,508,000 | 3,468,794,000 | 3,446,339,000 | 3,451,148,000 | 3,430,424,000 | 3,410,562,000 | 3,391,639,000 | 3,397,130,000 | 3,521,129,000 | 3,426,566,000 | 3,398,226,000 | 3,497,125,000 | 3,498,650,000 | 3,492,569,000 | 3,496,101,000 | 3,292,805,000 | 2,368,553,000 | 2,066,862,000 | 2,048,395,000 | 2,073,162,000 | 2,152,928,000 | 2,181,106,000 | 2,166,319,000 | 2,198,293,000 | 2,225,821,000 | 2,067,115,000 | ||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
term loan | 497,648,000 | 497,422,000 | 497,195,000 | 497,039,000 | 496,817,000 | 496,595,000 | 496,373,000 | 496,148,000 | 297,436,000 | 297,288,000 | 297,261,000 | 299,120,000 | 199,111,000 | 199,030,000 | 198,949,000 | 198,868,000 | 198,787,000 | 198,706,000 | 198,626,000 | 198,545,000 | 198,464,000 | 198,383,000 | 198,302,000 | 199,534,000 | 199,483,000 | 199,431,000 | 199,379,000 | 199,327,000 | 199,276,000 | 199,224,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||
deferred revenue – upfront payments from membership upgrade sales | 138,878,000 | 136,194,000 | 132,023,000 | 129,356,000 | 126,814,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue – annual membership subscriptions | 11,814,000 | 12,035,000 | 12,655,000 | 12,319,000 | 10,599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 35,914,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities related to assets held for sale | 12,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue – upfront payments from right-to-use contracts | 124,577,000 | 121,047,000 | 118,134,000 | 115,172,000 | 112,288,000 | 110,267,000 | 85,254,000 | 83,580,000 | 82,264,000 | 80,832,000 | 79,505,000 | 78,707,000 | 78,103,000 | 76,402,000 | 74,947,000 | 69,820,000 | 67,425,000 | 65,569,000 | 64,019,000 | 60,965,000 | 58,176,000 | 56,892,000 | 53,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue – right-to-use annual payments | 11,395,000 | 13,022,000 | 13,046,000 | 11,025,000 | 12,806,000 | 13,111,000 | 10,513,000 | 12,559,000 | 13,316,000 | 10,578,000 | 13,017,000 | 13,615,000 | 10,860,000 | 13,282,000 | 13,693,000 | 10,762,000 | 14,178,000 | 15,341,000 | 11,456,000 | 14,949,000 | 16,010,000 | 12,100,000 | 16,024,000 | 17,300,000 | 12,314,000 | 13,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued expenses and accounts payable | 102,854,000 | 102,620,000 | 90,929,000 | 85,666,000 | 80,744,000 | 106,688,000 | 93,451,000 | 85,554,000 | 89,864,000 | 94,103,000 | 79,418,000 | 79,510,000 | 76,044,000 | 96,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue—upfront payments from right-to-use contracts | 116,363,000 | 85,596,000 | 81,484,000 | 78,405,000 | 74,174,000 | 68,673,000 | 62,979,000 | 56,285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue—right-to-use annual payments | 10,055,000 | 9,932,000 | 9,817,000 | 9,878,000 | 9,790,000 | 11,136,000 | 11,088,000 | 11,877,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 1,121,552,000 | 1,031,954,000 | 1,008,543,000 | 925,068,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow deposits, goodwill, and other assets | 55,838,000 | 52,143,000 | 45,828,000 | 47,683,000 | 44,435,000 | 40,210,000 | 44,213,000 | 43,997,000 | 40,355,000 | 40,062,000 | 39,974,000 | 44,534,000 | 55,358,000 | 55,395,000 | 47,509,000 | 70,744,000 | 55,105,000 | 44,689,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash | 31,085,000 | 77,395,000 | 67,740,000 | 73,248,000 | 56,340,000 | 68,812,000 | 74,871,000 | 97,107,000 | 80,258,000 | 89,395,000 | 84,945,000 | 102,703,000 | 73,714,000 | 109,144,000 | 84,811,000 | 56,427,000 | 58,427,000 | 51,526,000 | 177,895,000 | 81,821,000 | 37,140,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow deposits, goodwill and other assets | 45,828,000 | 51,578,000 | 37,190,000 | 53,133,000 | 63,949,000 | 45,321,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
6.75% series c cumulative redeemable perpetual preferred stock, 0.01 par value... | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | 136,144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured lines of credit | 1,300,000 | 93,000,000 | 115,700,000 | 61,500,000 | 82,100,000 | 103,000,000 | 97,900,000 | 98,600,000 | 96,400,000 | 131,200,000 | 115,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss/ | 30,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -1,000 | -227,000 | -646,000 | -1,197,000 | -1,161,000 | -553,000 | -1,612,000 | -1,034,000 | -1,238,000 | -381,000 | -482,000 | -927,000 | -1,357,000 | -1,718,000 | -2,148,000 | -2,590,000 | -3,013,000 | -2,959,000 | -2,925,000 | -2,547,000 | -2,893,000 | -336,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs | 23,368,000 | 24,263,000 | 24,800,000 | 25,511,000 | 21,833,000 | 22,676,000 | 19,468,000 | 18,984,000 | 19,873,000 | 19,811,000 | 19,561,000 | 19,386,000 | 20,696,000 | 21,919,000 | 21,093,000 | 21,909,000 | 23,039,000 | 20,448,000 | 13,123,000 | 10,096,000 | 10,688,000 | 11,024,000 | 11,360,000 | 11,169,000 | 11,382,000 | 11,839,000 | 12,189,000 | 12,620,000 | 12,408,000 | 11,735,000 | 11,269,000 | 11,470,000 | 12,142,000 | 12,837,000 | 13,344,000 | 14,003,000 | 14,799,000 | 15,307,000 | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 and 9,765,900 shares authorized as of december 31, 2015 and 2014, respectively; none issued and outstanding. as of december 31, 2014 includes 179,639 authorized shares 6% series d cumulative preferred stock authorized; none issued and outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 843,000 | 843,000 | 843,000 | 840,000 | 838,000 | 838,000 | 837,000 | 834,000 | 834,000 | 834,000 | 834,000 | 416,000 | 416,000 | 415,000 | 413,000 | 413,000 | 412,000 | 393,000 | 372,000 | 311,000 | 310,000 | 308,000 | 307,000 | 305,000 | 301,000 | 301,000 | 299,000 | 238,000 | 238,000 | 238,000 | 238,000 | 237,000 | 236,000 | 236,000 | 236,000 | 235,000 | 229,000 | |||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of september 30, 2015 and 9,765,900 shares authorized as of december 31, 2014; none issued and outstanding. as of december 31, 2014 includes 179,639 authorized shares 6% series d cumulative preferred stock authorized, none issued and outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued payroll and other operating expenses | 86,863,000 | 76,608,000 | 64,520,000 | 85,879,000 | 77,800,000 | 72,585,000 | 65,157,000 | 79,020,000 | 71,723,000 | 63,811,000 | 63,736,000 | 76,801,000 | 67,770,000 | 63,435,000 | 62,062,000 | 76,384,000 | 61,824,000 | 55,631,000 | 52,782,000 | 70,975,000 | 69,577,000 | 60,981,000 | 71,508,000 | 91,256,000 | 83,699,000 | 75,855,000 | 66,656,000 | 67,464,000 | 48,615,000 | 39,791,000 | 34,617,000 | 43,122,000 | 35,043,000 | 32,275,000 | 30,936,000 | |||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of june 30, 2015 and 9,765,900 shares authorized as of december 31, 2014; none issued and outstanding. as of december 31, 2014 includes 179,639 authorized shares 6% series d cumulative preferred stock authorized, none issued and outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of march 31, 2015 and 9,765,900 shares authorized as of december 31, 2014; none issued and outstanding. as of december 31, 2014 includes 179,639 authorized shares 6% series d cumulative preferred stock authorized, none issued and outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,765,900 and 9,765,525 shares authorized as of december 31, 2014 and 2013, respectively; none issued and outstanding. as of december 31, 2014 includes 179,639 authorized shares 6% series d cumulative preferred stock authorized; none issued and outstanding. as of december 31, 2013, includes 179,764 shares 6% series d cumulative preferred stock authorized; 125 issued and outstanding and 250 shares 18.75% series e cumulative preferred stock issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue – up-front payments from right-to-use contracts | 72,976,000 | 70,988,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of september 30, 2014 and december 31, 2013; none issued and outstanding as of september 30, 2014 and december 31, 2013. as of september 30, 2014 and december 31, 2013, includes 125 shares 6% series d cumulative preferred stock and 250 shares 18.75% series e cumulative preferred stock; both issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of june 30, 2014 and december 31, 2013; none issued and outstanding as of june 30, 2014 and december 31, 2013. as of june 30, 2014 and december 31, 2013, includes 125 shares 6% series d cumulative preferred stock and 250 shares 18.75% series e cumulative preferred stock; both issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of march 31, 2014 and december 31, 2013; none issued and outstanding as of march 31, 2014 and december 31, 2013. as of march 31, 2014 and december 31, 2013, includes 125 shares 6% series d cumulative preferred stock and 250 shares 18.75% series e cumulative preferred stock; both issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in joint ventures | 11,583,000 | 9,795,000 | 9,519,000 | 8,454,000 | 8,420,000 | 8,531,000 | 8,596,000 | 8,779,000 | 8,557,000 | 8,238,000 | 8,322,000 | 8,509,000 | 8,446,000 | 8,373,000 | 9,905,000 | 9,651,000 | 9,442,000 | 9,545,000 | 9,405,000 | 9,522,000 | 9,676,000 | 9,705,000 | 9,716,000 | 9,563,000 | 4,569,000 | 15,788,000 | 14,755,000 | 14,831,000 | 14,718,000 | 14,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
assets held for disposition | 120,049,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities held for disposition | 10,815,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of december 31, 2013 and december 31, 2012; none issued and outstanding as of december 31, 2012. as of december 31, 2013, includes 125 shares 6% series d cumulative preferred stock and 250 shares 18.75% series e cumulative preferred stock; both issued and outstanding. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of september 30, 2013 and december 31, 2012; none issued and outstanding as of september 30, 2013 and december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rent and other customer receivables | 909,000 | 1,008,000 | 1,098,000 | 927,000 | 967,000 | 671,000 | 482,000 | 428,000 | 528,000 | 325,000 | 352,000 | 439,000 | 488,000 | 1,293,000 | 1,078,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retail inventory | 2,283,000 | 1,632,000 | 1,569,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of june 30, 2013 and december 31, 2012; none issued and outstanding as of june 30, 2013 and december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 shares authorized as of march 31, 2013 and december 31, 2012; none issued and outstanding as of march 31, 2013 and december 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents and other customer receivables | 1,206,000 | 1,155,000 | 419,000 | 421,000 | 1,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.034% series a cumulative redeemable perpetual preferred stock, 0.01 par value... | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 9,945,539 and 2,000,000 shares authorized as of december 31, 2012 and 2011, respectively; none issued and outstanding as of december 31, 2012 and 2011, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 147,868,000 | 134,967,000 | 102,972,000 | 70,460,000 | 212,796,000 | 85,344,000 | 43,137,000 | 12,659,000 | 81,419,000 | 151,805,000 | 172,307,000 | 145,128,000 | 160,178,000 | 174,151,000 | 16,679,000 | 45,312,000 | 52,745,000 | 11,185,000 | 2,567,000 | 5,785,000 | 3,703,000 | 696,000 | 1,605,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventory | 2,246,000 | 3,034,000 | 2,809,000 | 2,948,000 | 3,143,000 | 2,762,000 | 3,265,000 | 3,177,000 | 3,164,000 | 2,745,000 | 3,187,000 | 2,964,000 | 3,324,000 | 3,981,000 | 10,286,000 | 12,934,000 | 31,092,000 | 32,305,000 | 62,649,000 | 63,526,000 | 66,082,000 | 69,517,000 | 71,703,000 | 70,091,000 | 72,248,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
escrow deposits and other assets | 48,463,000 | 45,513,000 | 40,915,000 | 40,569,000 | 54,815,000 | 41,374,000 | 35,269,000 | 35,794,000 | 42,223,000 | 45,079,000 | 49,264,000 | 49,210,000 | 59,128,000 | 56,627,000 | 43,827,000 | 45,046,000 | 46,378,000 | 37,900,000 | 36,277,000 | 33,659,000 | 40,815,000 | 32,514,000 | 32,557,000 | 29,628,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 7,391,304 and 2,000,000 shares authorized as of september 30, 2012 and december 31, 2011, respectively; none issued and outstanding as of september 30, 2012 and december 31, 2011, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies: 8.034% series a cumulative redeemable perpetual preferred stock, 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 2,000,000 shares authorized; none issued and outstanding as of june 30, 2012 and december 31, 2011, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value 2,000,000 shares authorized; none issued and outstanding as of march 31, 2012 and december 31, 2011, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 49,269,000 | 52,266,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests—perpetual preferred op units | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.034% series a cumulative redeemable perpetual preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
0.01 par value... | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value 2,000,000 shares authorized; none issued and outstanding as of december 31, 2011 and 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests—common op units | 72,953,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests – perpetual preferred op units | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
8.034% series a cumulative redeemable perpetual preferred stock, 0.01 par value per share... | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b subordinated non-voting cumulative redeemable preferred stock, 0.01 par value per share... | 84,234,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition escrow deposit | 300,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue — upfront payments from right-to-use contracts | 50,259,000 | 46,845,000 | 44,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue — right-to-use annual payments | 16,834,000 | 18,684,000 | 12,642,000 | 17,591,000 | 19,176,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests — perpetual preferred op units | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests — common op units | 63,822,000 | 33,208,000 | 33,128,000 | 35,210,000 | 36,997,000 | 35,897,000 | 36,266,000 | 37,348,000 | 18,701,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value 10,000,000 shares authorized; none issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue – sale of right-to-use contracts | 41,322,000 | 15,774,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue — sale of right-to-use contracts | 37,992,000 | 33,441,000 | 29,493,000 | 25,372,000 | 21,045,000 | 10,611,000 | 4,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests— perpetual preferred op units | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interests- perpetual preferred op units | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests — common op units and other | 17,521,000 | 17,776,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests — perpetual preferred op units | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,091,647,000 | 2,106,143,000 | 2,029,806,000 | 2,028,246,000 | 2,033,695,000 | 2,046,051,000 | 2,046,232,000 | 2,044,165,000 | 2,055,831,000 | 2,034,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest — common op units and other | 19,141,000 | 15,700,000 | 15,913,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest — perpetual preferred op units | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents receivable | 408,000 | 909,000 | 1,156,000 | 1,267,000 | 1,512,000 | 1,390,000 | 1,294,000 | 995,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
rents received in advance and security deposits | 40,416,000 | 37,835,000 | 37,274,000 | 30,572,000 | 37,090,000 | 36,511,000 | 36,454,000 | 29,174,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest – common op units and other | 20,204,000 | 17,435,000 | 12,836,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest – perpetual preferred op units | 200,000,000 | 200,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests – common op units and other | 20,117,000 | 12,794,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interests – perpetual preferred op units | 200,000,000 | 200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable and other loans | 1,574,088,000 | 1,583,968,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unsecured term loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other assets | 30,810,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage notes payable and other | 1,578,098,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 41,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, .01 par value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
10,000,000 shares authorized; none issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
50,000,000 shares authorized; 23,571,625 and 23,295,956 shares issued and outstanding for september 30, 2006 and december 31, 2005, respectively | 229,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2017-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||
consolidated net income | 103,812,000 | 100,363,000 | 83,493,000 | 114,393,000 | 100,557,000 | 86,863,000 | 82,127,000 | 115,271,000 | 96,428,000 | 80,741,000 | 66,049,000 | 86,459,000 | 76,676,000 | 70,509,000 | 64,590,000 | 87,050,000 | 68,840,000 | 74,093,000 | 64,080,000 | 68,987,000 | 68,371,000 | 53,468,000 | 48,853,000 | 70,724,000 | 58,126,000 | 68,176,000 | 49,085,000 | 120,535,000 | 53,380,000 | 59,660,000 | 63,075,000 |
adjustments to reconcile consolidated net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
loss on sale of real estate and impairment | -1,571,000 | -31,000 | 668,000 | 0 | 949,000 | 0 | 2,632,000 | 1,676,000 | |||||||||||||||||||||||
early debt retirement | 5,803,000 | 0 | 0 | 0 | 640,000 | 516,000 | 0 | 0 | 755,000 | 2,029,000 | 0 | 9,732,000 | 0 | 1,054,000 | 0 | 0 | |||||||||||||||
depreciation and amortization | 54,181,000 | 53,518,000 | 53,868,000 | 52,176,000 | 51,906,000 | 52,336,000 | 52,729,000 | 52,427,000 | 52,134,000 | 52,294,000 | 52,813,000 | 51,860,000 | 50,976,000 | 53,901,000 | 51,936,000 | 50,237,000 | 51,096,000 | 45,148,000 | 49,069,000 | 46,119,000 | 39,890,000 | 39,254,000 | 38,988,000 | 39,628,000 | 39,820,000 | 37,512,000 | 38,244,000 | 38,404,000 | |||
amortization of loan costs | 1,329,000 | 1,330,000 | 1,242,000 | 1,239,000 | 1,239,000 | 1,405,000 | 1,298,000 | 1,286,000 | 1,284,000 | 1,219,000 | 1,210,000 | 1,208,000 | 1,208,000 | 1,209,000 | 1,209,000 | 1,213,000 | 1,166,000 | 1,159,000 | 1,235,000 | 1,111,000 | 837,000 | 859,000 | 905,000 | 872,000 | 856,000 | 855,000 | 881,000 | 887,000 | 889,000 | 903,000 | 898,000 |
debt premium amortization | 0 | -3,000 | -27,000 | -32,000 | -36,000 | -40,000 | -45,000 | -60,000 | -82,000 | -78,000 | -82,000 | -83,000 | -90,000 | -93,000 | -97,000 | -114,000 | -124,000 | -127,000 | -131,000 | -101,000 | -1,198,000 | -350,000 | -655,000 | ||||||||
equity in loss of unconsolidated joint ventures | 42,000 | -1,708,000 | |||||||||||||||||||||||||||||
distributions of income from unconsolidated joint ventures | 143,000 | 105,000 | 73,000 | 74,000 | 0 | 910,000 | 197,000 | 224,000 | 173,000 | 174,000 | 807,000 | 174,000 | 4,227,000 | 140,000 | 0 | 11,000 | 11,000 | 3,000 | 123,000 | 3,002,000 | 1,331,000 | 677,000 | 1,253,000 | 1,137,000 | 1,115,000 | ||||||
proceeds from insurance claims | -6,000 | -3,605,000 | -550,000 | 145,000 | -7,782,000 | -452,000 | -6,170,000 | -12,349,000 | 15,791,000 | 8,748,000 | 7,227,000 | 5,795,000 | -41,544,000 | -516,000 | 0 | 59,000 | -1,464,000 | 445,000 | -2,199,000 | 2,343,000 | -244,000 | -2,741,000 | 532,000 | 756,000 | -1,788,000 | -6,164,000 | 272,000 | 4,150,000 | -5,172,000 | -5,162,000 | |
compensation expense related to incentive plans | -298,000 | 2,541,000 | 2,675,000 | 2,334,000 | 2,146,000 | 2,181,000 | 2,548,000 | 2,497,000 | 2,558,000 | 2,580,000 | 9,365,000 | 3,330,000 | 3,393,000 | 3,435,000 | 3,461,000 | -1,529,000 | 3,260,000 | 3,299,000 | 3,196,000 | 2,939,000 | |||||||||||
revenue recognized from membership upgrade sales upfront payments | -3,682,000 | -3,482,000 | -3,352,000 | -3,220,000 | -4,263,000 | -4,173,000 | -4,050,000 | -3,947,000 | -3,856,000 | -3,744,000 | -3,614,000 | -3,505,000 | -3,414,000 | -3,308,000 | -3,169,000 | -3,067,000 | -2,983,000 | -2,869,000 | -2,752,000 | -2,587,000 | -2,532,000 | -2,460,000 | -2,382,000 | -2,301,000 | |||||||
commission expense related to memberships sales | |||||||||||||||||||||||||||||||
deferred income tax benefit | -115,000 | 0 | 0 | -239,000 | |||||||||||||||||||||||||||
changes in assets and liabilities: | |||||||||||||||||||||||||||||||
manufactured homes | -15,078,000 | -12,568,000 | -13,981,000 | -3,074,000 | 1,084,000 | 1,419,000 | 7,627,000 | 2,333,000 | 155,000 | -1,578,000 | |||||||||||||||||||||
notes receivable | 3,347,000 | 3,400,000 | 3,502,000 | 2,996,000 | 561,000 | -3,533,000 | -2,158,000 | 539,000 | -281,000 | -2,311,000 | -709,000 | -1,345,000 | -693,000 | -2,731,000 | -1,412,000 | 189,000 | -62,000 | -1,879,000 | -884,000 | -1,366,000 | 294,000 | -976,000 | -167,000 | -317,000 | -395,000 | -1,362,000 | |||||
deferred commission expense | -1,039,000 | -1,960,000 | -2,004,000 | -1,599,000 | -1,646,000 | -2,327,000 | -1,988,000 | -1,491,000 | -1,550,000 | -2,138,000 | -1,979,000 | -1,744,000 | -1,424,000 | -2,242,000 | -1,977,000 | -1,550,000 | -1,538,000 | -2,400,000 | -2,356,000 | -2,363,000 | -1,151,000 | -1,506,000 | -1,318,000 | -1,020,000 | -1,090,000 | -1,149,000 | -1,234,000 | -1,035,000 | -850,000 | -1,414,000 | -1,072,000 |
other assets | 718,000 | 7,945,000 | -22,512,000 | 19,632,000 | -616,000 | 9,487,000 | -24,558,000 | 11,396,000 | 3,714,000 | 16,643,000 | -43,482,000 | 21,763,000 | 17,030,000 | 31,089,000 | 21,171,000 | 23,168,000 | 29,297,000 | 5,715,000 | 1,017,000 | 17,884,000 | 12,385,000 | 23,520,000 | -15,181,000 | 13,324,000 | 10,551,000 | 9,345,000 | 963,000 | -9,238,000 | |||
accounts payable and other liabilities | -40,963,000 | 25,136,000 | 6,496,000 | 1,627,000 | -44,447,000 | 23,447,000 | 5,411,000 | 15,801,000 | -37,943,000 | 15,452,000 | -12,840,000 | 9,553,000 | -9,642,000 | -1,175,000 | 18,573,000 | -1,923,000 | -17,511,000 | 14,408,000 | 21,331,000 | 11,781,000 | -18,643,000 | 6,111,000 | 18,014,000 | -2,096,000 | -20,193,000 | 9,809,000 | 5,560,000 | 20,402,000 | |||
deferred membership revenue | 304,000 | 284,000 | 974,000 | 4,372,000 | 4,451,000 | 8,939,000 | 8,678,000 | 9,080,000 | 6,173,000 | 9,522,000 | 9,544,000 | 10,074,000 | 5,866,000 | 10,016,000 | 9,570,000 | 8,494,000 | 6,197,000 | 8,459,000 | 9,592,000 | 12,687,000 | |||||||||||
rents and other customer payments received in advance and security deposits | -1,976,000 | -25,536,000 | 19,333,000 | 6,225,000 | -5,897,000 | -24,088,000 | 20,887,000 | 5,095,000 | 4,521,000 | -27,059,000 | 18,285,000 | 7,668,000 | 6,678,000 | -30,230,000 | 12,608,000 | 13,665,000 | 5,388,000 | -20,920,000 | 13,672,000 | 13,704,000 | 407,000 | -12,260,000 | 11,328,000 | -261,000 | 3,345,000 | -17,642,000 | 17,730,000 | 3,202,000 | |||
net cash from operating activities | 99,461,000 | 147,010,000 | 131,287,000 | 193,390,000 | 105,317,000 | 149,527,000 | 143,129,000 | 198,748,000 | 129,347,000 | 151,832,000 | 72,365,000 | 194,461,000 | 111,515,000 | 133,358,000 | 177,132,000 | 177,331,000 | 141,445,000 | 124,681,000 | 155,595,000 | 173,331,000 | 105,669,000 | 122,123,000 | 107,853,000 | 130,892,000 | 94,172,000 | 104,663,000 | 116,587,000 | 128,098,000 | 89,942,000 | 95,116,000 | 114,286,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 99,461,000 | 147,010,000 | 131,287,000 | 193,390,000 | 105,317,000 | 149,527,000 | 143,129,000 | 198,748,000 | 129,347,000 | 151,832,000 | 72,365,000 | 194,461,000 | 111,515,000 | 133,358,000 | 177,132,000 | 177,331,000 | 141,445,000 | 124,681,000 | 155,595,000 | 173,331,000 | 105,669,000 | 122,123,000 | 107,853,000 | 130,892,000 | 94,172,000 | 104,663,000 | 116,587,000 | 128,098,000 | 89,942,000 | 95,116,000 | 114,286,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||
real estate acquisitions | -1,310,000 | 1,000 | 0 | -146,000 | -377,000 | -8,803,000 | -20,758,000 | -7,338,000 | -96,515,000 | -15,402,000 | -60,111,000 | -121,180,000 | -61,006,000 | -295,599,000 | -230,196,000 | -4,815,000 | -2,704,000 | -1,352,000 | -9,115,000 | -137,833,000 | -25,451,000 | -13,012,000 | -102,304,000 | -78,515,000 | |||||||
proceeds from disposition of properties | 0 | 0 | 0 | -7,000 | 0 | 0 | |||||||||||||||||||||||||
investment in unconsolidated joint ventures | -195,000 | -590,000 | -214,000 | -8,690,000 | -1,044,000 | -5,447,000 | -2,522,000 | -1,330,000 | -3,215,000 | -2,750,000 | -1,558,000 | -1,752,000 | -10,385,000 | -3,731,000 | -4,379,000 | -7,912,000 | -49,202,000 | 0 | 0 | -583,000 | -123,000 | ||||||||||
distributions of capital from unconsolidated joint ventures | 1,981,000 | 3,554,000 | 985,000 | 7,404,000 | 1,302,000 | 11,404,000 | 1,123,000 | 1,586,000 | 1,895,000 | 1,153,000 | 1,565,000 | 1,012,000 | 13,416,000 | 1,814,000 | 1,414,000 | 374,000 | 834,000 | 703,000 | 886,000 | 731,000 | 3,354,000 | 895,000 | 1,249,000 | 150,000 | 618,000 | 565,000 | 5,111,000 | 58,000 | 228,000 | 58,000 | |
issuance of notes receivable | 0 | 0 | -3,797,000 | -2,212,000 | |||||||||||||||||||||||||||
capital improvements | -61,158,000 | -71,274,000 | -59,457,000 | -45,202,000 | -65,650,000 | -58,398,000 | -62,525,000 | -54,706,000 | -85,914,000 | -82,170,000 | -52,547,000 | -96,455,000 | -104,185,000 | -87,579,000 | -97,388,000 | -83,647,000 | -86,253,000 | -84,314,000 | -62,945,000 | -56,778,000 | -62,021,000 | -51,914,000 | -54,188,000 | -48,959,000 | -68,205,000 | -68,344,000 | -69,003,000 | -52,441,000 | -53,186,000 | -47,059,000 | -24,354,000 |
net cash from investing activities | -53,363,000 | -66,847,000 | -114,552,000 | -42,321,000 | -65,932,000 | -47,300,000 | -53,314,000 | -51,292,000 | -87,234,000 | -83,913,000 | -51,678,000 | -101,928,000 | -126,705,000 | -96,834,000 | -196,868,000 | -105,182,000 | -236,501,000 | -202,743,000 | -123,558,000 | -351,653,000 | -288,850,000 | -55,725,000 | -55,643,000 | -50,161,000 | -75,191,000 | -201,017,000 | -88,993,000 | 13,112,000 | -153,596,000 | -122,575,000 | -24,105,000 |
cash flows from financing activities: | |||||||||||||||||||||||||||||||
proceeds from stock options and employee stock purchase plan | 371,000 | 388,000 | 356,000 | 391,000 | 632,000 | 394,000 | 382,000 | 382,000 | 380,000 | 737,000 | 504,000 | 363,000 | 384,000 | 458,000 | 1,388,000 | 513,000 | 507,000 | 380,000 | 605,000 | 732,000 | 349,000 | 528,000 | 531,000 | 619,000 | 548,000 | 697,000 | 585,000 | 652,000 | 4,203,000 | 764,000 | 403,000 |
gross proceeds from the issuance of common stock | 0 | 0 | 0 | 28,370,000 | 0 | 0 | |||||||||||||||||||||||||
distributions: | |||||||||||||||||||||||||||||||
common stockholders | -99,820,000 | -98,474,000 | -98,440,000 | -91,229,000 | -89,060,000 | -89,062,000 | -89,050,000 | -83,426,000 | -83,410,000 | -83,358,000 | -83,327,000 | -76,309,000 | -76,293,000 | -76,297,000 | -76,262,000 | -67,295,000 | -66,636,000 | -66,611,000 | -66,087,000 | -62,414,000 | -62,411,000 | -62,384,000 | -62,388,000 | -55,765,000 | -55,762,000 | -55,757,000 | -55,122,000 | -49,457,000 | -49,361,000 | -48,842,000 | -36,364,000 |
common op unitholders | -3,324,000 | -4,666,000 | -4,689,000 | -4,347,000 | -4,348,000 | -4,347,000 | -4,348,000 | -4,074,000 | -4,087,000 | -4,135,000 | -4,135,000 | -3,799,000 | -3,801,000 | -3,812,000 | -3,812,000 | -3,373,000 | -3,272,000 | -3,296,000 | -3,796,000 | -3,589,000 | -3,590,000 | -3,590,000 | -3,590,000 | -3,213,000 | -3,213,000 | -3,215,000 | -3,515,000 | -3,161,000 | -3,161,000 | -3,201,000 | -3,047,000 |
preferred stockholders | -8,000 | 0 | -8,000 | 0 | -8,000 | 0 | -8,000 | 0 | -8,000 | 0 | -8,000 | 0 | -8,000 | 0 | -2,297,000 | ||||||||||||||||
share based award tax withholding payments | 0 | 0 | 0 | -2,258,000 | 0 | 0 | 0 | -1,908,000 | 0 | 0 | 0 | -1,932,000 | 0 | 0 | 0 | -3,449,000 | 0 | 0 | 0 | -2,814,000 | 0 | 0 | 0 | -3,962,000 | |||||||
principal payments and mortgage debt repayment | -16,309,000 | -16,058,000 | -102,790,000 | -16,665,000 | -16,405,000 | -16,142,000 | -15,984,000 | -15,929,000 | -15,772,000 | -115,997,000 | -16,371,000 | -16,443,000 | -16,173,000 | -15,874,000 | -74,142,000 | -29,592,000 | -19,770,000 | -14,697,000 | -13,920,000 | -80,351,000 | -13,026,000 | -379,940,000 | -13,521,000 | -61,791,000 | -13,661,000 | -13,385,000 | |||||
mortgage notes payable financing proceeds | 0 | 375,000,000 | 0 | 0 | 0 | 0 | 16,000 | 270,000,000 | 54,000 | 386,870,000 | 0 | 275,385,000 | |||||||||||||||||||
term loan proceeds | 0 | 90,000,000 | 0 | 0 | 0 | 200,000,000 | 0 | 0 | 300,000,000 | 300,000,000 | |||||||||||||||||||||
term loan repayment | 0 | 0 | |||||||||||||||||||||||||||||
line of credit repayment | -172,500,000 | -168,500,000 | -326,500,000 | -199,500,000 | -161,500,000 | -143,000,000 | -81,000,000 | -158,000,000 | -83,000,000 | -306,000,000 | -195,000,000 | -104,000,000 | -61,984,000 | -72,016,000 | -104,000,000 | -319,000,000 | -53,000,000 | -62,000,000 | -34,500,000 | -283,000,000 | -23,000,000 | -95,000,000 | -50,000,000 | -222,500,000 | |||||||
line of credit proceeds | 232,500,000 | 123,500,000 | 353,500,000 | 185,500,000 | 206,000,000 | 161,500,000 | 89,000,000 | 133,000,000 | 114,000,000 | 101,000,000 | 188,000,000 | 118,000,000 | 165,000,000 | 119,200,000 | 82,800,000 | 39,000,000 | 182,000,000 | 220,000,000 | 46,500,000 | 111,000,000 | 195,000,000 | 95,000,000 | 100,000,000 | 62,500,000 | 75,500,000 | 30,000,000 | 157,000,000 | ||||
debt issuance and defeasance costs | 0 | 0 | -4,411,000 | -6,749,000 | 0 | -3,473,000 | 1,000 | 0 | -1,869,000 | -1,957,000 | -8,000 | 0 | -7,567,000 | -3,658,000 | -284,000 | -13,331,000 | -19,000 | -3,800,000 | 0 | 0 | -1,450,000 | -250,000 | -4,558,000 | -190,000 | -49,000 | ||||||
other | -167,000 | -70,000 | -138,000 | -61,000 | -3,495,000 | -81,000 | -322,000 | -157,000 | 41,000 | -120,000 | -97,000 | -99,000 | -99,000 | -99,000 | -53,000 | -644,000 | -1,885,000 | -195,000 | -55,000 | -116,000 | -61,000 | -326,000 | -143,000 | -143,000 | -358,000 | -57,000 | -869,000 | -63,000 | -1,098,000 | -32,000 | |
net cash from financing activities | -59,257,000 | -73,880,000 | -31,203,000 | -128,169,000 | -55,207,000 | -97,487,000 | -101,438,000 | -130,112,000 | -71,856,000 | -36,346,000 | -23,241,000 | -84,219,000 | 7,027,000 | -48,440,000 | 24,042,000 | -157,427,000 | 178,182,000 | 73,581,000 | -78,812,000 | 245,790,000 | 93,023,000 | -72,173,000 | -29,138,000 | -12,670,000 | -32,507,000 | 48,283,000 | -81,359,000 | -65,962,000 | 12,672,000 | 93,844,000 | -73,273,000 |
net increase in cash and restricted cash | -13,159,000 | 6,283,000 | -14,468,000 | 22,900,000 | -15,822,000 | 4,740,000 | -11,623,000 | 17,344,000 | -29,743,000 | 31,573,000 | -2,554,000 | 8,314,000 | -8,163,000 | -11,916,000 | 4,306,000 | -85,278,000 | 83,126,000 | -4,481,000 | -46,775,000 | 67,468,000 | -90,158,000 | -5,775,000 | 23,072,000 | 68,061,000 | -13,526,000 | -48,071,000 | -53,765,000 | 75,248,000 | -50,982,000 | 66,385,000 | |
cash and restricted cash, beginning of period | 0 | 0 | 0 | 24,576,000 | 0 | 0 | 0 | 29,937,000 | 0 | 0 | 0 | 22,347,000 | 0 | 0 | 24,060,000 | 0 | 0 | 0 | 28,860,000 | 0 | 0 | 0 | 68,974,000 | 0 | |||||||
cash and restricted cash, end of period | -13,159,000 | 6,283,000 | -14,468,000 | 47,476,000 | -15,822,000 | 4,740,000 | -11,623,000 | 47,281,000 | -29,743,000 | 31,573,000 | -2,554,000 | 30,661,000 | -11,916,000 | 4,306,000 | 38,120,000 | -4,481,000 | -46,775,000 | 91,528,000 | -90,158,000 | -5,775,000 | 23,072,000 | 96,921,000 | -13,526,000 | -48,071,000 | -53,765,000 | 144,222,000 | 66,385,000 | ||||
commission expense related to memberships | 1,278,000 | 1,300,000 | 971,000 | ||||||||||||||||||||||||||||
equity in income of unconsolidated joint ventures | -4,901,000 | 488,000 | -5,874,000 | -579,000 | -283,000 | -555,000 | -661,000 | -973,000 | -524,000 | -474,000 | -1,465,000 | -1,253,000 | -171,000 | -1,095,000 | -850,000 | -1,068,000 | -868,000 | -3,160,000 | -968,000 | -1,064,000 | -207,000 | -478,000 | -3,518,000 | -3,226,000 | -1,533,000 | -1,343,000 | -788,000 | -1,150,000 | |||
commission expense recognized related to membership sales | 1,180,000 | 1,159,000 | 1,130,000 | 1,108,000 | 1,089,000 | 936,000 | 1,091,000 | 1,095,000 | 1,012,000 | 1,019,000 | 1,030,000 | 1,040,000 | 936,000 | 940,000 | 948,000 | 955,000 | 899,000 | 908,000 | 926,000 | 940,000 | |||||||||||
business acquisitions | |||||||||||||||||||||||||||||||
long-term incentive plan compensation | 383,000 | 383,000 | 382,000 | 383,000 | 383,000 | 382,000 | 379,000 | -3,987,000 | 357,000 | 358,000 | |||||||||||||||||||||
cash and restricted cash, beginning of year | 0 | 0 | 0 | 123,398,000 | |||||||||||||||||||||||||||
cash and restricted cash, end of year | |||||||||||||||||||||||||||||||
loss on sale of real estate | 0 | 0 | 59,000 | ||||||||||||||||||||||||||||
loss/(gain) on sale of real estate | |||||||||||||||||||||||||||||||
supplemental information: | |||||||||||||||||||||||||||||||
cash paid for interest | |||||||||||||||||||||||||||||||
net investment in real estate – reclassification of rental homes | |||||||||||||||||||||||||||||||
other assets, net – reclassification of rental homes | |||||||||||||||||||||||||||||||
real estate acquisitions: | |||||||||||||||||||||||||||||||
investment in real estate | |||||||||||||||||||||||||||||||
debt assumed | |||||||||||||||||||||||||||||||
accrued expenses and accounts payables | |||||||||||||||||||||||||||||||
op units issued | |||||||||||||||||||||||||||||||
business acquisitions: | |||||||||||||||||||||||||||||||
intangibles | |||||||||||||||||||||||||||||||
goodwill | |||||||||||||||||||||||||||||||
acquisition of business | |||||||||||||||||||||||||||||||
real estate dispositions: | |||||||||||||||||||||||||||||||
mortgage notes payable | |||||||||||||||||||||||||||||||
other liabilities | |||||||||||||||||||||||||||||||
(loss)/gain on sale of real estate | |||||||||||||||||||||||||||||||
real estate dispositions | |||||||||||||||||||||||||||||||
gain on sale of real estate | 0 | 0 | 0 | -52,507,000 | |||||||||||||||||||||||||||
compensation expense related to restricted stock and stock options | 3,016,000 | 2,878,000 | 2,669,000 | 2,964,000 | 2,702,000 | 2,734,000 | 2,625,000 | 2,420,000 | |||||||||||||||||||||||
deferred revenue – upfront payments from membership upgrade sales | 5,217,000 | 6,631,000 | 5,048,000 | 4,843,000 | |||||||||||||||||||||||||||
deferred revenue – annual membership subscriptions | -221,000 | -620,000 | 336,000 | 1,720,000 | |||||||||||||||||||||||||||
repayments of notes receivable | -7,795,000 | 2,581,000 | 2,461,000 | ||||||||||||||||||||||||||||
redemption of preferred stock | |||||||||||||||||||||||||||||||
debt financed | |||||||||||||||||||||||||||||||
line of credit payoff | -35,500,000 | -110,000,000 | -77,000,000 | ||||||||||||||||||||||||||||
revenue recognized from right-to-use contract upfront payments | -2,199,000 | -2,128,000 | -2,067,000 | -2,031,000 | -1,980,000 | -2,426,000 | |||||||||||||||||||||||||
commission expense recognized related to right-to-use contracts | 906,000 | 929,000 | 938,000 | 894,000 | 905,000 | 1,090,000 | |||||||||||||||||||||||||
deferred revenue – upfront payments from right-to-use contracts | 5,730,000 | 5,041,000 | 3,838,000 | 3,222,000 | 4,863,000 | 3,206,000 | |||||||||||||||||||||||||
deferred revenue – right-to-use annual payments | -1,627,000 | -24,000 | 2,991,000 | -970,000 | -1,781,000 | 3,499,000 | |||||||||||||||||||||||||
new mortgage notes payable financing proceeds | 357,760,000 | 0 | |||||||||||||||||||||||||||||
notes receivable activity | 122,000 | -527,000 | -67,000 | -45,000 | |||||||||||||||||||||||||||
proceeds from disposition of property | 77,746,000 | ||||||||||||||||||||||||||||||
principal payments and mortgage debt payoff | -13,683,000 | -209,027,000 | -12,344,000 | -31,887,000 | |||||||||||||||||||||||||||
depreciation | 33,772,000 | 33,243,000 | 30,398,000 | ||||||||||||||||||||||||||||
amortization of in-place leases | 2,118,000 | 2,124,000 | 1,032,000 | ||||||||||||||||||||||||||||
benefit from (recovery of) uncollectible rents receivable | -90,000 | ||||||||||||||||||||||||||||||
accrued expenses and accounts payable | -13,031,000 | 8,578,000 | -5,526,000 | ||||||||||||||||||||||||||||
rents received in advance and security deposits | 1,036,000 | -14,936,000 | 492,000 | ||||||||||||||||||||||||||||
gross proceeds from sale of common stock | 0 | ||||||||||||||||||||||||||||||
stock repurchase and unit redemption | |||||||||||||||||||||||||||||||
other, primarily atm offering costs | |||||||||||||||||||||||||||||||
cash paid during the period for interest | |||||||||||||||||||||||||||||||
building and other depreciable property – reclassification of rental homes | |||||||||||||||||||||||||||||||
compensation expenses related to restricted stock and stock options | 2,746,000 | ||||||||||||||||||||||||||||||
escrow deposits, goodwill and other assets | 6,799,000 | 18,316,000 | |||||||||||||||||||||||||||||
perpetual preferred stockholders | 0 | ||||||||||||||||||||||||||||||
recovery for uncollectible rents receivable | -53,000 | ||||||||||||||||||||||||||||||
stock-based compensation | 1,755,000 | ||||||||||||||||||||||||||||||
real estate acquisition | |||||||||||||||||||||||||||||||
escrow deposits and other assets – reclassification of rental homes | |||||||||||||||||||||||||||||||
investment in real estate, fair value | |||||||||||||||||||||||||||||||
long term incentive plan compensation | 337,000 | ||||||||||||||||||||||||||||||
(recovery) benefit from uncollectible rents receivable | |||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 16,908,000 | ||||||||||||||||||||||||||||||
cash, beginning of year | |||||||||||||||||||||||||||||||
cash, end of year | |||||||||||||||||||||||||||||||
share based award tax withholding | |||||||||||||||||||||||||||||||
net increase in cash | |||||||||||||||||||||||||||||||
cash, beginning of period | 56,340,000 | ||||||||||||||||||||||||||||||
cash, end of period | 73,248,000 | ||||||||||||||||||||||||||||||
capital improvements – used homes acquired by repossessions | |||||||||||||||||||||||||||||||
net repayments of notes receivable – used homes acquired by repossessions | |||||||||||||||||||||||||||||||
investment in real estate, cost | |||||||||||||||||||||||||||||||
escrow deposits and other assets | |||||||||||||||||||||||||||||||
gain on sale of property | |||||||||||||||||||||||||||||||
tax-deferred exchange deposit | |||||||||||||||||||||||||||||||
net proceeds from stock options and employee stock purchase plan | |||||||||||||||||||||||||||||||
amortization of stock-related compensation | |||||||||||||||||||||||||||||||
recovery of uncollectible rents receivable | |||||||||||||||||||||||||||||||
benefit from uncollectible rents receivable | |||||||||||||||||||||||||||||||
lines of credit repayments | |||||||||||||||||||||||||||||||
lines of credit proceeds | |||||||||||||||||||||||||||||||
accrued payroll and other operating expenses | |||||||||||||||||||||||||||||||
early debt retirement expense | |||||||||||||||||||||||||||||||
depreciation expense | |||||||||||||||||||||||||||||||
proceeds from disposition of rental properties and other | |||||||||||||||||||||||||||||||
non-controlling interest proceeds | |||||||||||||||||||||||||||||||
debt issuance costs | |||||||||||||||||||||||||||||||
revenue recognized from right-to-use contract up-front payments | |||||||||||||||||||||||||||||||
(recovery of) benefit from uncollectible rents receivable | |||||||||||||||||||||||||||||||
deferred revenue – up-front payments from right-to-use contracts | |||||||||||||||||||||||||||||||
tax deferred exchange deposit | |||||||||||||||||||||||||||||||
line of credit repayments | |||||||||||||||||||||||||||||||
non-cash activities | |||||||||||||||||||||||||||||||
acquisitions: | |||||||||||||||||||||||||||||||
deferred financing costs | |||||||||||||||||||||||||||||||
debt assumed and financed on acquisition | |||||||||||||||||||||||||||||||
non-controlling interests - common op units | |||||||||||||||||||||||||||||||
dispositions: | |||||||||||||||||||||||||||||||
gain on sale of property, net of tax | |||||||||||||||||||||||||||||||
recovery of (benefit from) uncollectible rents receivable | |||||||||||||||||||||||||||||||
net tax deferred exchange deposit | |||||||||||||||||||||||||||||||
distributions from unconsolidated joint ventures | |||||||||||||||||||||||||||||||
notes receivable acquisition | |||||||||||||||||||||||||||||||
net tax-deferred exchange deposit | |||||||||||||||||||||||||||||||
investment in joint ventures | |||||||||||||||||||||||||||||||
proceeds from short-term investments | |||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | |||||||||||||||||||||||||||||||
perpetual preferred op unitholders | |||||||||||||||||||||||||||||||
term loan financing proceeds | |||||||||||||||||||||||||||||||
equity issuance costs | |||||||||||||||||||||||||||||||
proceeds from disposition of rental properties | |||||||||||||||||||||||||||||||
debt issuance costs and early retirement of debt costs | |||||||||||||||||||||||||||||||
series a cumulative redeemable perpetual preferred stock exchange | |||||||||||||||||||||||||||||||
series c cumulative redeemable perpetual preferred stock exchange | |||||||||||||||||||||||||||||||
escrow deposits, goodwill, and other assets net | |||||||||||||||||||||||||||||||
accrued interest payable | |||||||||||||||||||||||||||||||
rent and other customer receivables | |||||||||||||||||||||||||||||||
retail inventory | |||||||||||||||||||||||||||||||
accrued long term incentive plan compensation | |||||||||||||||||||||||||||||||
(gain) loss on sale of property, net of tax | |||||||||||||||||||||||||||||||
inventory - retail | |||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||
net tax-deferred exchange withdrawal | |||||||||||||||||||||||||||||||
proceeds from (purchase of) short-term investments | |||||||||||||||||||||||||||||||
net repayments (borrowings) of notes receivable | |||||||||||||||||||||||||||||||
acquisition of non-controlling interests | |||||||||||||||||||||||||||||||
lines of credit: | |||||||||||||||||||||||||||||||
proceeds | |||||||||||||||||||||||||||||||
repayments | |||||||||||||||||||||||||||||||
distributions to common stockholders, common op unitholders, perpetual preferred op unitholders and preferred stockholders | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | |||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | |||||||||||||||||||||||||||||||
inventory | |||||||||||||||||||||||||||||||
acquisition escrow deposit | |||||||||||||||||||||||||||||||
new financing proceeds | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||
net repayments of notes receivable | |||||||||||||||||||||||||||||||
gain on sale of discontinued real estate and other | |||||||||||||||||||||||||||||||
amortization loan cost | |||||||||||||||||||||||||||||||
revenue recognized from right-to-use contract upfront payment | |||||||||||||||||||||||||||||||
increase in benefit from uncollectible rents receivable | |||||||||||||||||||||||||||||||
increase in benefit from inventory reserve | |||||||||||||||||||||||||||||||
deferred revenue—upfront payments from right-to-use contracts | |||||||||||||||||||||||||||||||
deferred revenue—right-to-use annual payments | |||||||||||||||||||||||||||||||
acquisition of real estate and other | |||||||||||||||||||||||||||||||
acquisition of notes receivable | |||||||||||||||||||||||||||||||
net (borrowings) repayments of notes receivable | |||||||||||||||||||||||||||||||
distributions to common stockholders, common op unitholders, perpetual preferred op unitholders, and preferred stockholders | |||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | |||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | |||||||||||||||||||||||||||||||
inventory reclassified to buildings and other depreciable property | |||||||||||||||||||||||||||||||
manufactured homes acquired with dealer financing | |||||||||||||||||||||||||||||||
dealer financing | |||||||||||||||||||||||||||||||
series a cumulative redeemable perpetual preferred stock | |||||||||||||||||||||||||||||||
perpetual preferred op united conversion | |||||||||||||||||||||||||||||||
acquisitions | |||||||||||||||||||||||||||||||
common stock issued | |||||||||||||||||||||||||||||||
series b subordinated non-voting cumulative redeemable preferred stock issued | |||||||||||||||||||||||||||||||
dispositions | |||||||||||||||||||||||||||||||
other assets and liabilities | |||||||||||||||||||||||||||||||
mortgage notes payable assumed by purchaser | |||||||||||||||||||||||||||||||
loss on discontinued real estate and other | |||||||||||||||||||||||||||||||
proceeds from redemption of matured short-term investments | |||||||||||||||||||||||||||||||
net (borrowings) repayment of notes receivable | |||||||||||||||||||||||||||||||
amortization expense | |||||||||||||||||||||||||||||||
fair market value adjustment of swap | |||||||||||||||||||||||||||||||
deferred revenue — upfront payments from right-to-use contracts | |||||||||||||||||||||||||||||||
deferred revenue — right-to-use annual payments | |||||||||||||||||||||||||||||||
distributions to common stockholders, common op unitholders, perpetual preferred op unitholders and redeemable perpetual preferred stockholders | |||||||||||||||||||||||||||||||
revenue recognized from right-to-use contract sales | |||||||||||||||||||||||||||||||
net repayment of notes receivable | |||||||||||||||||||||||||||||||
purchase of short-term investments | |||||||||||||||||||||||||||||||
joint ventures: | |||||||||||||||||||||||||||||||
investments in | |||||||||||||||||||||||||||||||
distributions from | |||||||||||||||||||||||||||||||
distributions to common stockholders, common op unitholders, and perpetual preferred op unitholders | |||||||||||||||||||||||||||||||
non-cash activities: | |||||||||||||||||||||||||||||||
assumption of assets and liabilities: | |||||||||||||||||||||||||||||||
gain on discontinued real estate and other | |||||||||||||||||||||||||||||||
commission expense recognized related to right-to-use contract sales | |||||||||||||||||||||||||||||||
inventory and rental units | |||||||||||||||||||||||||||||||
deferred revenue – sales of right-to-use contracts | |||||||||||||||||||||||||||||||
deferred revenue — sales of right-to-use contracts | |||||||||||||||||||||||||||||||
(gain) loss on sale of discontinued real estate and other | |||||||||||||||||||||||||||||||
net tax-deferred exchange (deposit) withdrawal | |||||||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||||||
principal repayments on disposition | |||||||||||||||||||||||||||||||
proceeds from loan to pay insurance premiums | |||||||||||||||||||||||||||||||
mezzanine and joint venture investments applied to real estate acquisition | |||||||||||||||||||||||||||||||
disposition of assets and liabilities | |||||||||||||||||||||||||||||||
debt assumed by buyer on disposition | |||||||||||||||||||||||||||||||
adjustments to reconcile net income to cash from operating activities: | |||||||||||||||||||||||||||||||
(gain) loss on discontinued real estate and other properties | |||||||||||||||||||||||||||||||
amortized commission expense related to right-to-use contract sales | |||||||||||||||||||||||||||||||
deferred commissions expense | |||||||||||||||||||||||||||||||
net repayment (borrowings) of notes receivable | |||||||||||||||||||||||||||||||
principal repayments and mortgage debt payoff | |||||||||||||||||||||||||||||||
(gain) loss on sale of properties and other | |||||||||||||||||||||||||||||||
acquisition of real estate | |||||||||||||||||||||||||||||||
loss on sale of properties and other | |||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||||||||||||||
cash flows from operating activities | |||||||||||||||||||||||||||||||
net income | |||||||||||||||||||||||||||||||
income allocated to minority interests | |||||||||||||||||||||||||||||||
gain on sale of properties and other | |||||||||||||||||||||||||||||||
gain on sale of investment | |||||||||||||||||||||||||||||||
increase in inventory reserve | |||||||||||||||||||||||||||||||
cash flows from investing activities | |||||||||||||||||||||||||||||||
acquisition of rental properties | |||||||||||||||||||||||||||||||
acquisition of privileged access | |||||||||||||||||||||||||||||||
proceeds from disposition of investment | |||||||||||||||||||||||||||||||
improvements: | |||||||||||||||||||||||||||||||
corporate | |||||||||||||||||||||||||||||||
rental properties | |||||||||||||||||||||||||||||||
site development costs | |||||||||||||||||||||||||||||||
cash flows from financing activities | |||||||||||||||||||||||||||||||
non-cash investing and financing activities: | |||||||||||||||||||||||||||||||
real estate acquisition and disposition | |||||||||||||||||||||||||||||||
mortgage debt assumed and financed on acquisition of real estate | |||||||||||||||||||||||||||||||
other assets and liabilities, net, acquired on acquisition of real estate | |||||||||||||||||||||||||||||||
acquisition of operations of privileged access | |||||||||||||||||||||||||||||||
gain on sale of discontinued real estate | |||||||||||||||||||||||||||||||
revenue from right-to-use contract sales | |||||||||||||||||||||||||||||||
commission expense related to right-to-use contract sales | |||||||||||||||||||||||||||||||
disposition of real estate | |||||||||||||||||||||||||||||||
rents receivable | |||||||||||||||||||||||||||||||
(gain) loss on sale of discontinued real estate | |||||||||||||||||||||||||||||||
decrease in benefit from uncollectible rents receivable | |||||||||||||||||||||||||||||||
principal repayments | |||||||||||||||||||||||||||||||
repayment on disposition | |||||||||||||||||||||||||||||||
principal payments | |||||||||||||||||||||||||||||||
hurricane asset write down | |||||||||||||||||||||||||||||||
decrease in inventory reserve | |||||||||||||||||||||||||||||||
increase in benefit from notes receivable | |||||||||||||||||||||||||||||||
increase in notes receivable | |||||||||||||||||||||||||||||||
proceeds from issuance of perpetual preferred op units | |||||||||||||||||||||||||||||||
issuance costs | |||||||||||||||||||||||||||||||
acquisition financing | |||||||||||||||||||||||||||||||
amortization of stock related compensation | |||||||||||||||||||||||||||||||
prepaid expenses and other assets | |||||||||||||||||||||||||||||||
accounts payable and accrued expenses | |||||||||||||||||||||||||||||||
improvements – corporate | |||||||||||||||||||||||||||||||
improvements – rental properties |