7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2010-12-31 2009-12-31 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 2005-06-30 
      
    		                                                                   
      assets
    		                                                                   
      land
    		3,388,100,000 3,443,900,000 3,471,800,000 4,511,000,000 4,646,200,000 4,555,000,000 4,551,700,000 4,278,200,000 3,996,400,000 4,039,500,000 3,974,100,000 4,322,300,000 4,173,100,000 3,766,700,000 2,708,000,000 2,556,284,000 2,457,236,000 2,412,629,000 2,190,762,000 2,119,364,000 1,441,372,000 1,433,272,000 1,418,985,000 1,414,279,000 1,311,103,000 1,286,952,000 1,279,306,000 1,201,945,000 1,187,502,000 1,131,956,000 1,114,609,000 1,107,838,000 1,079,708,000 1,066,792,000 1,052,384,000 1,027,976,000 1,072,964,000 458,349,000 456,380,000 451,340,000 457,279,000                           
      land improvements and buildings
    		8,949,200,000 9,076,800,000 9,043,100,000 11,460,600,000 11,608,600,000 11,619,400,000 11,529,500,000 11,682,200,000 11,418,400,000 11,323,500,000 11,202,100,000 10,903,400,000 10,632,600,000 10,867,100,000 10,169,400,000 9,958,320,000 9,469,247,000 8,995,041,000 8,664,199,000 8,480,597,000 7,119,163,000 6,826,741,000 6,697,376,000 6,595,272,000 6,200,895,000 6,026,193,000 5,899,149,000 5,586,250,000 5,523,554,000 5,484,388,000 5,128,186,000 5,102,014,000 5,024,937,000 4,934,110,000 4,880,330,000 4,825,043,000 4,682,920,000 5,294,663,000 3,586,969,000 3,535,909,000 3,604,444,000                           
      rental homes and improvements
    		897,800,000 864,900,000 827,500,000 834,100,000 782,200,000 769,200,000 755,900,000 744,400,000 725,600,000 694,100,000 672,800,000 645,200,000 604,400,000 580,600,000 583,100,000 591,733,000 591,367,000 622,397,000 652,559,000 637,603,000 649,004,000 652,177,000 640,709,000 627,175,000 614,002,000 599,150,000 585,994,000 571,661,000 559,290,000 551,840,000 538,672,000 528,074,000 516,618,000 507,362,000 496,432,000 489,633,000 485,340,000 477,875,000 469,217,000 460,480,000 478,764,000                           
      furniture, fixtures and equipment
    		746,400,000 779,400,000 763,500,000 1,108,400,000 1,090,200,000 1,073,300,000 1,031,300,000 1,011,700,000 995,100,000 941,800,000 869,700,000 839,000,000 813,800,000 749,900,000 684,800,000 656,367,000 590,829,000 529,549,000 491,735,000 447,039,000 338,236,000 312,139,000 285,922,000 282,874,000 251,363,000 215,610,000 208,177,000 201,090,000 174,315,000 162,961,000 148,197,000 144,953,000 140,894,000 137,546,000 133,772,000 130,127,000 125,603,000 107,123,000 104,855,000                             
      investment property
    		13,981,500,000 14,165,000,000 14,105,900,000 17,914,100,000 18,127,200,000 18,016,900,000 17,868,400,000 17,716,500,000 17,135,500,000 16,998,900,000 16,718,700,000 16,709,900,000 16,223,900,000 15,964,300,000 14,145,300,000 13,762,704,000 13,108,679,000 12,559,616,000 11,999,255,000 11,684,603,000 9,547,775,000 9,224,329,000 9,042,992,000 8,919,600,000 8,377,363,000 8,127,905,000 7,972,626,000 7,560,946,000 7,444,661,000 7,331,145,000 6,929,664,000 6,882,879,000 6,762,157,000 6,645,810,000 6,562,918,000 6,496,339,000 6,390,324,000 6,361,507,000 4,640,468,000 4,573,522,000 4,662,713,000 3,716,141,000 3,375,773,000 2,568,164,000 1,884,632,000 1,899,783,000 1,864,074,000 1,755,052,000 1,695,317,000 1,676,813,000 1,518,136,000 1,278,127,000 1,236,337,000 1,229,208,000 1,196,606,000 1,032,326,000 1,064,305,000 1,089,304,000 1,108,079,000 1,116,709,000 1,125,506,000 1,134,204,000 1,137,184,000 1,144,745,000 1,153,507,000 1,161,649,000  
      accumulated depreciation
    		-3,495,600,000 -3,431,900,000 -3,327,700,000 -3,741,000,000 -3,635,700,000 -3,552,200,000 -3,410,500,000 -3,272,900,000 -3,144,800,000 -3,011,400,000 -2,867,900,000 -2,738,900,000 -2,611,800,000 -2,554,300,000 -2,441,500,000 -2,337,247,000 -2,232,243,000 -2,165,564,000 -2,088,105,000 -1,968,812,000 -1,900,306,000 -1,826,810,000 -1,754,591,000 -1,686,980,000 -1,619,924,000 -1,560,061,000 -1,501,370,000 -1,442,630,000 -1,390,684,000 -1,337,567,000 -1,287,010,000 -1,237,525,000 -1,188,332,000 -1,128,671,000 -1,078,949,000 -1,026,858,000 -977,486,000 -928,882,000 -889,941,000 -852,407,000 -879,184,000                           
      cash, cash equivalents and restricted cash
    		1,180,000,000 1,463,100,000 97,400,000 63,900,000 81,800,000 104,200,000 132,500,000 42,700,000 62,000,000 68,700,000 74,800,000 90,400,000 112,000,000 184,700,000 102,600,000 78,198,000 85,619,000 119,612,000 120,174,000 98,294,000 115,529,000 389,214,000 394,740,000 34,830,000                                            
      inventory of manufactured homes
    		155,100,000 172,000,000 172,400,000 129,800,000 174,800,000 182,300,000 191,000,000 205,600,000 219,800,000 236,600,000 232,500,000 202,700,000 153,500,000 108,100,000 63,300,000 51,055,000 43,708,000 43,686,000 43,242,000 46,643,000 48,130,000 58,744,000 64,436,000 62,061,000 55,234,000 55,869,000 52,993,000 49,199,000 41,030,000 38,298,000 36,311,000 30,430,000 25,741,000 25,582,000 23,867,000 21,632,000 24,147,000 29,044,000 16,636,000 14,828,000 15,263,000 10,246,000 13,878,000 8,860,000 5,480,000 6,226,000 6,541,000 5,810,000 4,005,000 9,091,000 7,527,000 5,672,000 4,396,000 5,750,000 5,832,000 2,309,000 3,934,000 13,058,000 10,037,000 9,252,000 10,259,000 12,082,000 13,230,000 8,330,000 8,830,000 12,082,000 21,480,000 
      notes and other receivables
    		468,400,000 345,700,000 373,700,000 484,000,000 494,400,000 417,400,000 469,100,000 421,600,000 832,200,000 733,300,000 716,700,000 617,300,000 511,000,000 509,000,000 513,600,000 469,594,000 256,924,000 262,333,000 249,009,000 221,650,000 191,508,000 180,391,000 186,692,000 157,926,000 174,934,000 164,303,000 179,814,000 160,077,000 167,698,000 176,755,000 193,851,000 163,496,000 145,760,000 110,499,000 98,468,000 81,179,000 87,856,000 76,466,000 54,124,000 47,972,000 49,201,000 188,036,000 216,119,000 174,857,000 168,341,000 164,430,000 162,306,000 164,685,000 170,584,000 160,755,000 139,067,000 128,178,000 121,908,000 112,932,000 114,884,000 88,807,000 74,030,000 57,497,000 51,074,000 46,173,000 40,572,000 36,846,000 39,191,000 34,344,000 29,906,000 41,407,000 43,562,000 
      collateralized receivables
    		45,400,000 46,600,000 49,300,000 51,200,000 52,800,000 54,300,000 56,500,000 56,200,000                 93,054,000 97,658,000 101,938,000 106,924,000 112,228,000 117,314,000 123,155,000 128,246,000 134,015,000 138,696,000 140,976,000 143,870,000 143,888,000 144,017,000 142,944,000 139,768,000 138,241,000                           
      goodwill
    		9,500,000 9,500,000 9,500,000 551,200,000 742,600,000 731,700,000 731,400,000 733,000,000 1,084,100,000 1,104,200,000 1,092,600,000 1,018,400,000 981,500,000 954,000,000 512,700,000 495,353,000 461,609,000 448,317,000 438,842,000 428,833,000                                                
      other intangible assets
    		97,000,000 101,700,000 101,200,000 338,900,000 350,700,000 354,200,000 361,700,000 369,500,000 374,700,000 385,400,000 392,700,000 402,000,000 403,200,000 399,100,000 334,200,000 306,755,000 297,625,000 295,663,000 300,554,000 305,611,000                                                
      other assets
    		359,000,000 369,300,000 449,300,000 757,300,000 696,500,000 702,300,000 713,200,000 668,500,000 929,000,000 935,300,000 898,200,000 655,100,000 610,900,000 718,300,000 525,700,000 480,774,000 401,054,000 324,278,000 263,417,000 265,038,000 225,998,000 222,227,000 219,176,000 219,896,000 226,177,000 254,153,000 220,214,000 225,199,000 165,237,000 146,357,000 138,529,000 134,304,000 141,047,000 145,151,000 144,248,000 146,450,000 166,148,000 109,598,000 188,247,000 221,782,000 104,452,000 106,496,000 113,990,000 102,352,000 113,192,000 65,921,000 66,006,000 68,936,000 61,830,000 63,621,000 59,879,000 50,525,000 45,179,000 44,151,000 44,795,000 30,829,000 32,954,000 37,206,000 39,377,000 37,116,000 36,737,000 37,276,000 37,840,000 42,439,000 41,581,000 42,099,000 51,202,000 
      assets held for sale and discontinued operations
    		 121,100,000 4,474,600,000                                                                 
      total assets
    		12,800,300,000 13,362,100,000 16,505,600,000 16,549,400,000 17,085,100,000 17,011,100,000 17,113,300,000 16,940,700,000 17,605,300,000 17,561,400,000 17,363,800,000 17,084,200,000 16,484,600,000 16,397,800,000 13,914,200,000 13,494,084,000 12,583,296,000 12,040,990,000 11,454,209,000 11,206,586,000 8,335,717,000 8,348,659,000 8,209,047,000 7,802,060,000 7,397,854,000 7,222,084,000 7,098,662,000 6,710,026,000 6,653,726,000 6,492,348,000 6,149,653,000 6,111,957,000 6,157,836,000 6,178,713,000 5,902,447,000 5,870,776,000 5,904,706,000 5,823,191,000 4,562,886,000 4,190,551,000 4,114,603,000 4,032,849,000 3,844,641,000 2,937,692,000 2,430,797,000 2,143,980,000 2,108,232,000 1,999,236,000 1,936,691,000 1,916,768,000 1,754,117,000 1,501,226,000 1,412,319,000 1,408,016,000 1,367,974,000 1,162,691,000 1,181,365,000 1,206,999,000 1,221,855,000 1,221,013,000 1,233,197,000 1,245,823,000 1,261,104,000 1,262,339,000 1,267,785,000 1,289,739,000 1,326,809,000 
      liabilities
    		                                                                   
      mortgage loans payable
    		2,440,400,000 2,451,600,000 3,151,400,000 3,212,200,000 3,344,500,000 3,452,000,000 3,465,500,000 3,478,900,000           3,430,420,000 3,444,967,000 3,191,380,000 3,205,507,000 3,273,808,000 3,180,592,000 2,967,128,000 2,863,485,000 2,879,017,000 2,815,957,000 2,819,225,000 2,636,847,000 2,826,225,000 2,867,356,000 2,822,640,000 2,832,819,000 2,774,645,000 2,819,567,000 2,854,831,000 2,792,021,000 2,114,818,000 2,133,706,000 2,205,760,000                           
      secured borrowings on collateralized receivables
    		45,400,000 46,600,000 49,300,000 51,200,000 52,800,000 54,300,000 56,100,000 55,800,000                 93,669,000 98,299,000 102,676,000 107,731,000 113,089,000 118,242,000 124,077,000 129,182,000 134,884,000 139,496,000 141,671,000 144,477,000 144,522,000 144,684,000 143,664,000 140,440,000 138,887,000                           
      unsecured debt
    		1,785,900,000 1,785,300,000 4,147,400,000 4,089,400,000 3,927,500,000 4,346,500,000 4,350,400,000 4,242,600,000 4,305,500,000 4,241,000,000 4,075,600,000 3,979,400,000 3,705,000,000 3,595,200,000 2,709,900,000 2,291,095,000 1,286,001,000 853,441,000                                                  
      distributions payable
    		131,400,000 133,800,000 122,600,000 122,600,000 122,300,000 119,700,000 119,700,000 118,200,000 118,200,000 118,000,000 118,000,000 111,300,000 111,200,000 109,300,000 104,500,000 98,372,000 98,453,000 98,429,000 95,076,000 86,988,000 79,600,000 79,549,000 75,636,000 71,704,000 69,726,000 69,719,000 66,887,000 63,249,000 63,250,000 59,364,000 58,663,000 55,225,000 56,520,000 56,283,000 52,762,000 51,896,000 51,100,000 47,992,000 45,351,000 41,265,000 38,819,000                           
      advanced reservation deposits and rent
    		308,300,000 308,200,000 327,300,000 331,000,000 382,400,000 423,300,000 480,400,000 344,500,000 372,700,000 430,900,000 433,800,000 352,100,000 294,200,000 385,200,000 335,100,000 242,778,000 223,471,000 290,913,000 280,301,000 187,730,000 146,909,000 169,931,000 151,144,000 133,420,000 137,797,000 160,527,000 151,860,000 133,698,000 135,647,000 161,192,000                                      
      accrued expenses and accounts payable
    		282,000,000 262,100,000 231,400,000 310,100,000 390,900,000 406,300,000 370,400,000 313,700,000 380,200,000 353,600,000 340,900,000 396,300,000 392,800,000 361,000,000 228,000,000 237,529,000 232,590,000 214,200,000 160,072,000 148,435,000 140,848,000 124,324,000 110,512,000 127,289,000                                            
      other liabilities
    		444,600,000 545,800,000 830,600,000 980,300,000 1,025,300,000 979,500,000 987,500,000 953,100,000 928,900,000 958,300,000 940,100,000 935,900,000 845,400,000 779,900,000 236,600,000 224,084,000 244,518,000 184,846,000 148,128,000 134,650,000 83,952,000 80,733,000 82,341,000 81,289,000 242,119,000 204,167,000 179,461,000 157,862,000 163,459,000 151,984,000 282,993,000 270,741,000 291,074,000 298,759,000 284,823,000 279,667,000 275,650,000 257,423,000 184,102,000 184,859,000 190,284,000 235,508,000 214,712,000 165,453,000 123,351,000 126,598,000 117,618,000 109,342,000 108,782,000 105,873,000 87,626,000 76,749,000 71,673,000 69,085,000 71,404,000 36,936,000 38,766,000 37,310,000 37,186,000 37,336,000 33,031,000 32,102,000 33,069,000 33,475,000 30,098,000 31,301,000 30,504,000 
      liabilities held for sale and discontinued operations
    		 36,600,000 375,400,000                                                                 
      total liabilities
    		5,438,000,000 5,570,000,000 9,235,400,000 9,096,800,000 9,245,700,000 9,781,600,000 9,830,000,000 9,506,800,000 9,465,000,000 9,474,800,000 9,294,800,000 8,992,800,000 8,354,600,000 8,566,300,000 6,980,700,000 6,474,597,000 5,488,469,000 5,099,563,000 5,101,512,000 5,314,879,000 3,791,922,000 3,845,308,000 4,346,127,000 3,848,104,000 3,720,983,000 3,542,188,000 3,846,325,000 3,479,112,000 3,367,285,000 3,736,621,000 3,471,096,000 3,405,204,000 3,351,021,000 3,373,695,000 3,478,132,000 3,441,605,000 3,429,743,000 3,645,744,000 2,591,903,000 2,571,173,000 2,786,653,000 2,617,071,000 2,463,319,000 1,997,540,000 1,517,292,000 1,572,376,000 1,542,452,000 1,602,162,000 1,516,995,000 1,477,648,000 1,541,127,000 1,348,409,000 1,382,460,000 1,362,640,000 1,468,629,000 1,295,075,000 1,292,673,000 1,266,881,000 1,250,092,000  1,224,666,000 1,219,777,000 1,211,665,000 1,194,930,000 1,187,754,000 1,198,151,000 1,117,192,000 
      commitments and contingencies
    		                                                                   
      temporary equity
    		256,200,000 257,900,000 244,300,000 259,800,000 263,300,000 259,700,000 259,700,000 260,900,000 304,500,000 298,100,000 298,900,000 202,900,000 206,800,000 293,300,000 283,900,000 288,882,000 292,394,000 285,603,000 261,059,000                                                 
      shareholders' equity
    		                                                                   
      common stock
    		1,200,000 1,300,000 1,300,000 1,300,000 1,300,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,200,000 1,160,000 1,160,000 1,159,000 1,118,000 1,076,000 983,000 983,000 933,000 932,000 907,000 907,000 865,000 864,000 864,000 809,000 799,000 797,000 793,000 790,000 737,000 732,000 730,000 686,000 646,000 584,000 545,000 538,000 535,000 486,000 480,000 411,000 404,000 361,000 361,000 379,000 316,000 315,000 283,000 283,000 236,000 217,000 206,000 203,000 202,000 202,000 202,000 202,000 201,000 201,000 201,000 200,000 196,000 
      additional paid-in capital
    		9,573,000,000 9,744,700,000 9,865,400,000 9,864,200,000 9,853,600,000 9,481,200,000 9,471,400,000 9,466,900,000 9,581,600,000 9,567,500,000 9,556,400,000 9,549,700,000 9,536,400,000 9,159,100,000 8,169,400,000 8,175,676,000 8,170,322,000 8,163,095,000 7,618,128,000 7,087,658,000 5,851,380,000 5,847,598,000 5,211,678,000 5,213,264,000 4,854,958,000 4,851,323,000 4,398,641,000 4,398,949,000 4,396,092,000 3,854,057,000 3,759,066,000 3,758,533,000 3,810,930,000 3,780,599,000 3,346,991,000 3,321,441,000 3,313,905,000 2,980,382,000 2,706,657,000 2,319,314,000 2,079,139,000 2,038,229,000 2,031,042,000 1,754,759,000 1,709,337,000 1,359,315,000 1,329,678,000 1,141,590,000 1,140,625,000 1,203,373,000 940,202,000 857,809,000 714,052,000 713,854,000 555,981,000 495,331,000 463,811,000 459,847,000 459,598,000 459,430,000 458,809,000 458,487,000 458,099,000 457,268,000 455,302,000 452,882,000  
      accumulated other comprehensive income /
    		25,900,000 44,200,000      12,200,000 5,200,000 37,600,000 7,700,000 -9,900,000 -69,900,000 -28,300,000                                                      
      distributions in excess of accumulated earnings
    		-2,615,000,000 -2,380,300,000 -2,938,700,000 -2,775,900,000 -2,433,300,000 -2,604,100,000 -2,540,600,000 -2,397,500,000 -1,848,200,000 -1,898,200,000 -1,875,000,000 -1,731,200,000 -1,628,900,000 -1,684,700,000 -1,654,600,000 -1,555,994,000 -1,475,634,000 -1,614,243,000 -1,631,044,000 -1,566,636,000 -1,491,338,000 -1,496,542,000 -1,479,424,000 -1,393,141,000 -1,353,214,000 -1,343,792,000 -1,317,605,000 -1,288,486,000 -1,237,428,000 -1,223,394,000 -1,187,563,000 -1,162,001,000 -1,117,228,000 -1,089,428,000 -1,050,141,000 -1,023,415,000 -975,511,000 -947,988,000 -896,896,000 -864,122,000 -916,961,000 -911,628,000 -890,374,000 -863,545,000 -807,590,000 -799,805,000 -778,766,000 -761,112,000 -739,197,000 -720,950,000 -683,734,000 -663,579,000 -644,220,000 -629,230,000 -617,953,000 -549,625,000 -498,370,000 -445,147,000 -415,078,000 -398,017,000 -379,069,000 -364,446,000 -342,818,000 -326,981,000 -313,379,000 -302,022,000 -203,635,000 
      total sui shareholders' equity
    		6,985,100,000 7,409,900,000 6,921,400,000 7,081,700,000 7,455,500,000 6,884,300,000 6,938,700,000 7,082,800,000 7,739,800,000 7,708,100,000 7,690,300,000 7,809,800,000 7,838,800,000 7,447,300,000                                                      
      noncontrolling interests
    		                                                       -12,481,000 -6,469,000           
      common and preferred op units
    		120,600,000 123,900,000 104,000,000 110,400,000 119,800,000 84,800,000 84,900,000 90,200,000 96,000,000 80,400,000 79,800,000 78,700,000 83,800,000 86,200,000 86,800,000 86,766,000 85,756,000 82,865,000 82,502,000 85,968,000 61,350,000 61,555,000 52,234,000 47,686,000 49,540,000 50,880,000 51,816,000 53,354,000 56,018,000 56,820,000 59,268,000 60,971,000 63,668,000 67,135,000 67,152,000 69,598,000 73,284,000 76,166,000 80,018,000 82,538,000 76,914,000 75,356,000 27,291,000 48,829,000                        
      consolidated entities
    		400,000 400,000 500,000 700,000 800,000 700,000       600,000 4,700,000 20,900,000 19,944,000 19,077,000                                                   
      total noncontrolling interests
    		121,000,000 124,300,000 104,500,000 111,100,000 120,600,000 85,500,000 84,900,000 90,200,000 96,000,000 80,400,000 79,800,000 78,700,000 84,400,000 90,900,000 107,700,000 106,710,000 104,833,000 100,616,000 99,403,000 102,052,000 72,447,000 71,805,000 61,608,000 56,228,000 57,394,000 58,089,000 58,014,000 60,499,000 63,562,000 62,694,000 64,019,000  67,509,000 70,539,000 63,956,000 66,616,000 70,548,000 73,839,000 78,048,000 80,771,000 75,578,000 74,371,000 26,639,000 48,413,000 11,521,000 11,926,000 14,707,000 16,567,000 18,327,000 20,419,000 20,468,000                 
      total shareholders' equity
    		7,106,100,000 7,534,200,000 7,025,900,000 7,192,800,000 7,576,100,000 6,969,800,000 7,023,600,000 7,173,000,000 7,835,800,000 7,788,500,000 7,770,100,000 7,888,500,000 7,923,200,000 7,538,200,000 6,649,600,000                                                     
      total liabilities, temporary equity and shareholders' equity
    		12,800,300,000 13,362,100,000 16,505,600,000 16,549,400,000 17,085,100,000 17,011,100,000 17,113,300,000 16,940,700,000 17,605,300,000 17,561,400,000 17,363,800,000 17,084,200,000 16,484,600,000 16,397,800,000 13,914,200,000                                                     
      accumulated other comprehensive loss
    		  -6,600,000                4,033,000 3,178,000 -2,226,000 -4,475,000 -8,325,000 -1,331,000 -2,825,000 -1,184,000 -3,006,000       -981,000 -2,630,000 -3,181,000 -4,876,000        -277,000 -277,000 -277,000 -366,000 -454,000 -535,000 -696,000 -696,000 -735,000 -1,041,000 -1,273,000 -2,226,000 -1,858,000 -2,851,000 -920,000 -924,000 -2,272,000       
      accumulated other comprehensive income
    		   -7,900,000 33,900,000 6,000,000 6,700,000        25,900,000 3,053,000 1,752,000 5,197,000          -4,504,000   -670,000 1,102,000 1,531,000     1,000                        -856,000 180,000     
      marketable securities
    		        112,800,000 110,400,000 105,500,000 127,300,000 100,400,000 114,600,000 158,300,000 186,898,000 160,321,000 153,049,000 127,821,000     94,727,000 64,818,000 53,553,000 50,501,000                                         
      secured debt
    		        3,359,500,000 3,373,000,000 3,386,400,000 3,217,800,000 3,006,000,000 3,335,700,000 3,366,600,000 3,380,739,000 3,403,436,000 3,457,734,000                                                  
      total sun communities, inc. shareholders' equity
    		              6,541,900,000                                                     
      stockholders' equity
    		                                                                   
      total sun communities, inc. stockholders' equity
    		               6,623,895,000 6,697,600,000 6,555,208,000 5,992,235,000 5,525,276,000 4,358,799,000 4,347,564,000 3,724,862,000 3,819,724,000 3,499,826,000 3,507,254,000 3,078,895,000 3,106,823,000 3,159,138,000 2,629,288,000 2,571,632,000 2,598,431,000  2,691,014,000 2,294,991,000 2,295,611,000 2,334,282,000 2,033,115,000 1,810,441,000 1,455,810,000 1,162,757,000 1,127,173,000 1,141,237,000 891,739,000 901,984,000 559,678,000 551,073,000 380,507,000 401,369,000 418,701,000 192,522,000 130,249,000 5,780,000 20,266,000              
      total stockholders' equity
    		               6,730,605,000 6,802,433,000 6,655,824,000 6,091,638,000 5,627,328,000 4,431,246,000 4,419,369,000 3,786,470,000 3,875,952,000 3,557,220,000 3,565,343,000 3,136,909,000 3,167,322,000 3,222,700,000 2,691,982,000 2,635,651,000                            -28,237,000 -11,452,000 5,423,000  43,236,000 59,197,000    
      total liabilities, temporary equity and stockholders' equity
    		               13,494,084,000 12,583,296,000 12,040,990,000 11,454,209,000 11,206,586,000 8,335,717,000 8,348,659,000 8,209,047,000 7,802,060,000 7,397,854,000 7,222,084,000 7,098,662,000                                         
      consolidated vies
    		                 17,751,000 16,901,000 16,084,000 11,097,000 10,250,000 9,374,000                                             
      preferred equity - sun ng rv resorts llc - mandatorily redeemable
    		                  35,249,000 35,249,000 35,249,000 35,249,000 35,249,000 35,249,000 35,249,000 35,249,000 35,249,000 35,277,000 35,277,000 35,277,000                                      
      preferred op units - mandatorily redeemable
    		                  34,663,000 34,663,000 34,663,000 34,663,000 34,663,000 34,663,000 34,663,000 34,663,000 34,663,000 37,338,000 37,338,000 37,338,000 37,338,000 41,443,000 45,903,000 45,903,000 45,903,000 45,903,000 45,903,000 45,903,000 45,903,000 45,903,000 45,903,000                           
      lines of credit and other debt
    		                  917,603,000 1,242,197,000 79,321,000                                               
      marketable securities;
    		                   124,726,000 107,083,000 100,564,000 55,602,000                                             
      series d preferred op units
    		                   49,600,000 50,034,000 50,171,000 50,387,000 50,913,000 51,248,000 51,462,000 51,738,000                                         
      series f preferred op units
    		                   8,871,000 8,930,000 8,948,000                                              
      series g preferred op units
    		                   25,074,000 26,072,000                                               
      series h preferred op units
    		                   57,833,000                                                
      series i preferred op units
    		                   94,532,000                                                
      other redeemable noncontrolling interests
    		                   28,469,000                                                
      equity interests - ng sun llc and ng sun whitewater llc
    		                    27,513,000 24,863,000                                              
      lines of credit
    		                     115,352,000 582,774,000 183,898,000 140,632,000 76,079,000 396,512,000 128,000,000  536,377,000 141,800,000 41,257,000  435,000 178,328,000 100,095,000 57,737,000 357,721,000 58,065,000 25,000,000 167,000,000 37,742,000 144,000 5,794,000  38,461,000 16,441,000 181,383,000 54,765,000 18,286,000 29,781,000 2,988,000 24,631,000 5,984,000 129,034,000 94,527,000 94,465,000 90,419,000 71,876,000 75,498,000 92,567,000 85,703,000 76,016,000 56,136,000    
      equity interests - ng sun llc and ng whitewater
    		                      26,063,000 27,091,000 27,461,000                                           
      series a-4 preferred stock, 0.01 par value. issued and outstanding:1,063 december 31, 2018
    		                                                                   
      series a-4 preferred op units
    		                        9,540,000 9,590,000 9,784,000 9,877,000 10,026,000 10,137,000 10,492,000 10,652,000 10,832,000 11,051,000 16,489,000 16,717,000 19,906,000 20,266,000 20,762,000 21,065,000 20,982,000 24,155,000 24,419,000                         
      consolidated variable interest entities
    		                       8,542,000 7,854,000 7,209,000 6,198,000 7,145,000 7,544,000 5,874,000 4,751,000 4,285,000 3,841,000 3,404,000 -3,196,000 -2,982,000 -2,736,000 -2,327,000 -1,970,000 -1,767,000 -1,336,000 -985,000 -652,000 -416,000 -114,000 -268,000 -389,000 -537,000 -920,000 -627,000 -508,000                 
      cash and cash equivalents
    		                        26,198,000 28,704,000 21,946,000 50,311,000 113,556,000 20,046,000 15,153,000 10,127,000 137,448,000 241,646,000 10,919,000 8,164,000 69,829,000 31,441,000 410,408,000 45,086,000 23,917,000 11,930,000 124,881,000 83,459,000 259,152,000 7,620,000 9,305,000 4,753,000 4,955,000 6,488,000 29,508,000 38,724,000 4,499,000 15,975,000 5,857,000 8,420,000 4,496,000 6,162,000 6,824,000 4,313,000 4,953,000 5,415,000 3,809,000 2,814,000 4,335,000 3,183,000 3,392,000 
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,052 september 30, 2019 and 1,063 december 31, 2018
    		                        31,402,000                                           
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,052 shares at june 30, 2019 and 1,063 shares at december 31, 2018
    		                         31,402,000                                          
      equity interests - ng sun llc
    		                         22,099,000 22,167,000 21,976,000 21,976,000 21,869,000                                      
      series a-4 preferred stock, 0.01 par value. issued and outstanding:1,063 shares at march 31, 2019 and december 31, 2018
    		                          31,739,000                                         
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at december 31, 2018 and 1,085 shares at december 31, 2017
    		                           31,739,000                                        
      total liabilities and stockholders' equity
    		                           6,710,026,000 6,653,726,000 6,492,348,000 6,149,653,000                            1,221,855,000 1,221,013,000 1,233,197,000  1,261,104,000 1,262,339,000    
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at september 30, 2018 and 1,085 shares at december 31, 2017
    		                            31,739,000                                       
      accumulated other comprehensive (loss) / income
    		                            -390,000 -2,184,000                                      
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,063 shares at june 30, 2018 and 1,085 shares at december 31, 2017
    		                             31,739,000                                      
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at march 31, 2018 and december 31, 2017
    		                              32,414,000                                     
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at december 31, 2017 and 1,681 shares at december 31, 2016
    		                               32,414,000                                    
      stockholders’ equity
    		                                                                   
      series a preferred stock, 0.01 par value. issued and outstanding: none at december 31, 2017 and 3,400 shares at december 31, 2016
    		                                                                   
      noncontrolling interests:
    		                                                                   
      total noncontrolling interest
    		                               65,256,000                                    
      total stockholders’ equity
    		                               2,663,687,000 2,763,569,000 2,761,553,000 2,358,947,000 2,362,227,000 2,404,830,000 2,106,954,000 1,888,489,000 1,536,581,000 1,238,335,000 1,201,544,000 1,167,876,000 940,152,000 913,505,000 571,604,000 565,780,000 397,074,000 419,696,000 439,120,000 212,990,000 152,817,000 29,859,000 45,376,000    -59,882,000    21,047,000   70,091,000 79,197,000 183,392,000 
      total liabilities and stockholders’ equity
    		                               6,111,957,000 6,157,836,000 6,178,713,000 5,902,447,000 5,870,776,000 5,904,706,000 5,823,191,000 4,562,886,000 4,190,551,000 4,114,603,000 4,032,849,000 3,844,641,000 2,937,692,000 2,430,797,000 2,143,980,000 2,108,232,000 1,999,236,000 1,936,691,000 1,916,768,000 1,754,117,000 1,501,226,000 1,412,319,000 1,408,016,000    1,206,999,000    1,245,823,000   1,267,785,000 1,289,739,000 1,326,809,000 
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at september 30, 2017 and 1,681 shares at december 31, 2016
    		                                32,414,000                                   
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2017 and december 31, 2016
    		                                34,000                                   
      total sun communities, inc. stockholders’ equity
    		                                2,696,060,000                                   
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,085 shares at june 30, 2017 and 1,681 shares at december 31, 2016
    		                                 32,414,000                                  
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2017 and december 31, 2016
    		                                 34,000                                  
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,637 shares at march 31, 2017 and 1,681 shares at december 31, 2016
    		                                  48,879,000                                 
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2017 and december 31, 2016
    		                                  34,000                                 
      land held for future development
    		                                   23,560,000 23,497,000 23,497,000 23,047,000 23,047,000 23,659,000                           
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,681 shares at december 31, 2016 and 2,067 shares at december 31, 2015
    		                                   50,227,000                                
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at december 31, 2016 and december 31, 2015
    		                                   34,000                                
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,682 shares at september 30, 2016 and 2,067 shares at december 31, 2015
    		                                    50,227,000                               
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2016 and december 31, 2015
    		                                    34,000                               
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 1,682 shares at june 30, 2016 and 2,067 shares at december 31, 2015
    		                                     50,227,000                              
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2016 and december 31, 2015
    		                                     34,000                              
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,067 shares at march 31, 2016 and december 31, 2015
    		                                      61,732,000                             
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2016 and december 31, 2015
    		                                      34,000                             
      furniture, fixtures, and equipment
    		                                       102,746,000 98,567,000                           
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,067 shares at december 31, 2015 and 483 shares at december 31, 2014
    		                                       61,732,000                            
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at december 31, 2015 and december 31, 2014
    		                                       34,000                            
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 2,298 shares at september 30, 2015 and 483 shares at december 31, 2014
    		                                        68,633,000                           
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at september 30, 2015 and december 31, 2014
    		                                        34,000                           
      debt
    		                                         2,343,821,000 2,248,463,000 1,826,293,000 1,393,941,000 1,407,317,000 1,408,393,000 1,311,437,000 1,353,448,000 1,353,489,000 1,423,720,000 1,268,672,000 1,286,156,000 1,287,571,000 1,268,191,000 1,163,612,000 1,159,442,000 1,139,152,000 1,141,030,000 1,118,907,000 1,099,068,000 1,101,972,000 1,102,580,000 1,105,319,000 1,109,056,000 1,080,450,000 1,062,788,000 
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 6,365 shares at june 30, 2015 and 483 shares at december 31, 2014
    		                                         190,079,000                          
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at june 30, 2015 and december 31, 2014
    		                                         34,000                          
      series a-4 preferred stock, 0.01 par value. issued and outstanding: 6,331 shares at march 31, 2015 and 483 shares at december 31, 2014
    		                                          189,027,000                         
      series a preferred stock, 0.01 par value. issued and outstanding: 3,400 shares at march 31, 2015 and december 31, 2014
    		                                          34,000                         
      series a preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at december 31, 2014 and 2013
    		                                           34,000                        
      series a-4 preferred stock, 0.01 par value. authorized: 6,331 shares; issued and outstanding: 483 shares at december 31, 2014 and none at december 31, 2013
    		                                           5,000                        
      preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at september 30, 2014 and december 31, 2013
    		                                            34,000                       
      series a-1 preferred op units
    		                                            43,670,000 43,840,000 44,991,000 45,548,000 45,548,000 45,548,000 45,548,000                 
      series a-3 preferred op units
    		                                            3,463,000 3,463,000 3,463,000 3,463,000 3,463,000 3,463,000                  
      common op units
    		                                            -35,498,000 -35,109,000 -33,358,000 -31,907,000 -29,764,000 -27,965,000 -24,572,000 -22,980,000 -21,469,000 -20,438,000 -19,594,000             
      preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at june 30, 2014 and december 31, 2013
    		                                             34,000                      
      preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at march 31, 2014 and december 31, 2013
    		                                              34,000                     
      preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at december 31, 2013 and december 31, 2012
    		                                               34,000                    
      preferred stock, 0.01 par value. authorized: 10,000 shares; issued and outstanding: 3,400 shares at september 30, 2013 and december 31, 2012
    		                                                34,000                   
      preferred stock, 0.01 par value, 10,000 shares authorized
    		                                                 34,000 34,000                 
      treasury stock
    		                                                 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -63,600,000 -50,661,000 
      preferred stock, 0.01 par value, 10,000 shares authorized, none issued
    		                                                                   
      a-1 preferred op units
    		                                                   45,548,000 45,548,000               
      preferred op units
    		                                                     45,548,000 45,548,000             
      stockholders’ deficit
    		                                                                   
      total sun communities, inc. stockholders' deficit
    		                                                      -126,609,000 -119,903,000 -104,839,000           
      total stockholders’ deficit
    		                                                      -100,655,000 -132,384,000 -111,308,000           
      total liabilities and stockholders’ deficit
    		                                                      1,367,974,000 1,162,691,000 1,181,365,000           
      revenues
    		                                                                   
      income from real property
    		                                                      223,613,000 204,498,000 198,844,000           
      revenue from home sales
    		                                                      32,252,000 31,945,000 32,721,000           
      rental home revenue
    		                                                      22,290,000 20,480,000 20,463,000           
      ancillary revenues
    		                                                      592,000 505,000 387,000           
      interest
    		                                                      9,509,000 8,053,000 6,005,000           
      other income
    		                                                      929,000 -2,341,000 -1,811,000           
      total revenues
    		                                                      289,185,000 263,140,000 256,609,000           
      costs and expenses
    		                                                                   
      property operating and maintenance
    		                                                      59,190,000 52,994,000 51,176,000           
      real estate taxes
    		                                                      17,547,000 16,282,000 16,537,000           
      cost of home sales
    		                                                      25,392,000 24,030,000 23,483,000           
      rental home operating and maintenance
    		                                                      16,196,000 15,414,000 16,291,000           
      general and administrative - real property
    		                                                      19,704,000 17,182,000 17,670,000           
      general and administrative - home sales and rentals
    		                                                      8,156,000 7,628,000 7,429,000           
      georgia flood damage
    		                                                        800,000           
      acquisition related costs
    		                                                      1,971,000             
      depreciation and amortization
    		                                                      74,193,000 66,038,000 65,011,000           
      asset impairment charge
    		                                                      1,382,000             
      interest on mandatorily redeemable debt
    		                                                      3,333,000 3,291,000 3,347,000           
      total expenses
    		                                                      291,670,000 264,995,000 261,176,000           
      income before income taxes and equity income from affiliates
    		                                                      -2,485,000 -1,855,000 -4,567,000           
      benefit from state income taxes
    		                                                      -150,000 -512,000 -413,000           
      equity income and distributions from affiliates
    		                                                      2,100,000             
      income from continuing operations
    		                                                      -535,000 -3,513,000 -7,156,000           
      income from discontinued operations
    		                                                        -227,000           
      net income
    		                                                      -535,000 -3,513,000 -7,383,000           
      less: preferred return to preferred op units
    		                                                      1,222,000             
      less: amounts attributable to noncontrolling interests
    		                                                      -671,000 -630,000 -1,081,000           
      net income attributable to sun communities, inc. common stockholders
    		                                                      -1,086,000 -2,883,000 -6,302,000           
      amounts attributable to sun communities, inc. common stockholders:
    		                                                                   
      income from continuing operations, net of state income taxes
    		                                                      -1,086,000 -2,883,000 -6,099,000           
      income from discontinued operations, net of state income taxes
    		                                                        -203,000           
      weighted-average common shares outstanding:
    		                                                                   
      basic
    		                                                      21,147,000 19,168,000 18,484,000           
      diluted
    		                                                      21,147,000 19,168,000 18,484,000           
      basic and diluted loss per share:
    		                                                                   
      continuing operations
    		                                                      -50 -150 -330           
      discontinued operations
    		                                                        -10           
      basic and diluted loss per share
    		                                                      -50 -150 -340           
      cash dividends declared per common share:
    		                                                      3,150             
      investment in affiliates
    		                                                        1,646,000 3,772,000 6,464,000         
      officer's notes
    		                                                        -5,028,000  -8,439,000 -8,543,000 -8,647,000  -8,826,000 -8,913,000    
      equity income from affiliates
    		                                                       -1,146,000 -2,176,000           
      cash dividends per common share:
    		                                                       2,520 2,520           
      assets of discontinued operations
    		                                                                   
      liabilities of discontinued operations
    		                                                                   
      loss attributable to sun communities, inc. common stockholders
    		                                                        -6,302,000           
      minority interest
    		                                                           724,000 3,108,000 4,999,000 6,203,000 8,212,000 9,940,000 12,391,000  
      officer’s notes
    		                                                         -8,334,000    -8,740,000   -8,999,000 -9,083,000 -9,617,000 
      investment in affiliate
    		                                                           7,450,000 15,170,000 20,000,000 29,850,000 29,667,000 29,626,000 29,319,000 47,965,000 
      total liabilites
    		                                                           1,231,741,000        
      preferred stock, .01 par value, 10,000 shares authorized, none issued
    		                                                                   
      accumulated comprehensive earnings
    		                                                               1,222,000 566,000 820,000 -1,035,000 
      line of credit
    		                                                                48,600,000 86,400,000 23,900,000 
      unearned compensation
    		                                                                  -14,155,000 
      investment in rental property
    		                                                                  1,159,208,000 
      short-term investments
    		                                                                   
      minority interests
    		                                                                  26,225,000 
      paid-in capital
    		                                                                  462,299,000 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.