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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Income from real property $ 94,245 $ 80,158 $ 267,847 $ 234,969
Revenue from home sales 13,913 14,145 38,849 40,200
Rental home revenue 9,829 8,445 28,964 23,783
Ancillary revenues, net 3,565 932 5,198 1,376
Interest income 3,545 3,442 10,425 9,587
Brokerage commissions and other income, net 338 79 720 349
Total revenues 125,435 107,201 352,003 310,264
COSTS AND EXPENSES        
Property operating and maintenance 28,031 24,379 76,413 66,593
Real estate taxes 6,004 5,602 18,092 17,146
Cost of home sales 10,524 10,161 29,472 29,360
Rental home operating and maintenance 6,232 5,504 16,696 14,252
General and administrative - real property 6,971 5,927 23,177 19,086
General and administrative - home sales and rentals 2,313 2,227 7,932 7,473
Transaction costs 2,399 619 4,263 2,769
Depreciation and amortization 29,917 28,790 88,851 80,116
Asset impairment charge 837 0 837 0
Interest 18,619 17,823 54,149 54,888
Interest on mandatorily redeemable debt 808 809 2,417 2,430
Total expenses 112,655 101,841 322,299 294,113
Income before income taxes and distributions from affiliates 12,780 5,360 29,704 16,151
Gain on dispositions of properties, net 13,631 0 14,516 0
Provision for state income taxes (69) (90) (207) (186)
Distributions from affiliate 400 700 1,200 1,550
Net income 26,742 5,970 45,213 17,515
Less: Preferred return to Series A-1 preferred OP units 661 690 1,997 1,909
Less: Preferred return to Series A-3 preferred OP units 45 45 136 121
Less: Amounts attributable to noncontrolling interests 1,851 (28) 3,093 415
Net income attributable to Sun Communities, Inc. 24,185 5,263 39,987 15,070
Less: Series A preferred stock distributions 1,514 1,514 4,542 4,542
Net income attributable to Sun Communities, Inc. common stockholders $ 22,671 $ 3,749 $ 35,445 $ 10,528
Weighted average common shares outstanding:        
Basic 41,710 36,128 39,943 34,263
Diluted 41,722 36,143 39,959 34,279
Earnings per share:        
Basic $ 0.54 $ 0.10 $ 0.89 $ 0.31
Diluted $ 0.54 $ 0.10 $ 0.89 $ 0.31
Dividends per common share: $ 0.65 $ 0.63 $ 1.95 $ 1.89