XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Operations (USD $)
Share data in Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES    
Income from real property $ 64,296,000 $ 53,836,000
Revenue from home sales 9,613,000 8,235,000
Rental home revenue 6,291,000 5,330,000
Ancillary revenues, net 263,000 294,000
Interest 2,405,000 2,068,000
Other income (loss), net 260,000 (49,000)
Total revenues 83,128,000 69,714,000
COSTS AND EXPENSES    
Property operating and maintenance 16,026,000 13,458,000
Real estate taxes 4,872,000 4,115,000
Cost of home sales 7,773,000 6,491,000
Rental home operating and maintenance 3,824,000 3,673,000
General and administrative - real property 5,058,000 4,478,000
General and administrative - home sales and rentals 2,209,000 1,973,000
Acquisition related costs 164,000 249,000
Depreciation and amortization 19,868,000 16,679,000
Interest 16,797,000 15,406,000
Interest on mandatorily redeemable debt 841,000 826,000
Total expenses 77,432,000 67,348,000
Income before income taxes and distributions from affiliates 5,696,000 2,366,000
Provision for state income taxes (53,000) (131,000)
State and Local Income Tax Expense (Benefit), Continuing Operations 100,000 100,000
Distributions from affiliates 750,000 350,000
Net income 6,393,000 2,585,000
Less: Preferred return to Preferred OP units 579,000 0
Less: Amounts attributable to noncontrolling interests 437,000 185,000
Net income attributable to Sun Communities, Inc. common stockholders $ 5,377,000 $ 2,400,000
Weighted average common shares outstanding:    
Basic (in shares) 25,587 20,808
Diluted (in shares) 25,605 22,902
Basic and diluted loss per share:    
Basic $ 0.21 $ 0.12
Diluted $ 0.21 $ 0.11
Dividends per common share: $ 0.63 $ 0.63