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Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues:    
Community base rental income $ 105,813 $ 102,954
Rental home income 4,165 3,043
Resort base rental income 40,739 37,579
Right-to-use annual payments 11,523 11,751
Right-to-use contracts current period, gross 2,831 2,244
Right-to-use contracts, deferred, net of prior period amortization (1,040) (607)
Utility and other income 17,165 16,403
Gross revenues from home sales 2,839 2,060
Brokered resale revenues and ancillary services revenues, net 1,796 1,746
Interest income 2,277 2,630
Income from other investments, net 2,480 1,488
Total revenues 190,588 181,291
Expenses:    
Property operating and maintenance 56,674 54,442
Rental home operating and maintenance 2,187 1,605
Real estate taxes 12,917 12,522
Sales and marketing, gross 2,361 1,643
Sales and marketing, deferred commissions, net (463) (242)
Property management 10,249 9,751
Depreciation on real estate and rental homes 26,783 26,099
Amortization of in-place leases 159 18,365
Cost of home sales 2,960 2,216
Home selling expenses 527 333
General and administrative 6,816 6,232
Rent control initiatives and other 232 479
Interest and related amortization 30,252 30,956
Total expenses 151,654 164,401
Income before equity in income of unconsolidated joint ventures 38,934 16,890
Equity in income of unconsolidated joint ventures 576 763
(Income) loss allocated to non-controlling interests - Common OP Units (3,133) (1,191)
Net income (loss) available for Common Shares 35,024 12,431
Consolidated net income 40,468 17,653
Other comprehensive loss:    
Adjustment for fair market value of swap 442 (378)
Comprehensive income (loss) attributable to Common Shareholders 35,430 12,086
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 40,910 17,275
Earnings per Common Share - Basic:    
Net income (loss) available for Common Shares $ 0.84 $ 0.30
Distributions declared per Common Share outstanding $ 0.50 $ 0.4375
Weighted average Common Shares outstanding - basic 41,513 41,088
Earnings per Common Share - Fully Diluted:    
Net income (loss) available for Common Shares $ 0.84 $ 0.30
Weighted average Common Shares outstanding - fully diluted 45,530 45,369
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax 958 0
Cumulative SeriesA Eight Point Zero Three Four Percent Redeemable Perpetual Preferred Stock [Member]
   
Other comprehensive loss:    
Redeemable Preferred Stock Dividends 0 (4,031)
Cumulative Series C Six Point Seven Five Percent Redeemable Perpetual Preferred Stock [Member]
   
Other comprehensive loss:    
Redeemable Preferred Stock Dividends (2,311) 0
Non-controlling interests - Common OP Units
   
Other comprehensive loss:    
Comprehensive income (loss) allocated to non-controlling interests $ (3,169) $ (1,158)