XML 47 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2013
Dec. 31, 2012
ASSETS    
Investment property, net $ 1,625,052 $ 1,518,136
Cash and cash equivalents 61,045 29,508
Inventory of manufactured homes 7,667 7,527
Notes and other receivables 155,559 139,067
Other assets 64,477 59,879
TOTAL ASSETS 1,913,800 1,754,117
LIABILITIES    
Debt 1,356,609 1,423,720
Lines of credit 392 29,781
Other liabilities 95,232 87,626
TOTAL LIABILITIES 1,452,233 1,541,127
Commitments and contingencies      
STOCKHOLDERS' EQUITY (DEFICIT)    
Preferred stock, $0.01 par value, 10,000 shares authorized, none issued 34 34
Common stock, $0.01 par value, 90,000 shares authorized (September 30, 2012 and December 31, 2011, 31,536 and 23,612 shares issued respectively) 377 316
Additional paid-in capital 1,202,913 940,202
Accumulated other comprehensive loss (613) (696)
Distributions in excess of accumulated earnings (699,955) (683,734)
Treasury stock, at cost (September 30, 2012 and December 31, 2011, 1,802 shares) (63,600) (63,600)
Total Sun Communities, Inc. stockholders' equity (deficit) 439,156 192,522
Noncontrolling interests:    
A-1 preferred OP Units 45,548 45,548
Common OP Units 22,411 20,468
Series A-3 preferred OP units 3,463 0
Common OP units (25,967) (24,572)
Consolidated variable interest entities (633) (508)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) 461,567 212,990
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) $ 1,913,800 $ 1,754,117