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Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
A presentation of segment financial information is summarized as follows (in thousands):
 
Three Months Ended June 30, 2017
 
Three Months Ended June 30, 2016
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
Revenues
$
188,311

 
$
43,537

 
$
231,848

 
$
147,384

 
$
37,996

 
$
185,380

Operating expenses/Cost of sales
73,630

 
26,966

 
100,596

 
52,819

 
24,095

 
76,914

Net operating income/Gross profit
114,681

 
16,571

 
131,252

 
94,565

 
13,901

 
108,466

Adjustments to arrive at net income / (loss):
 
 
 
 
 
 
 
 
 
 
 
Interest and other revenues, net
6,051

 

 
6,051

 
5,419

 

 
5,419

Home selling expenses

 
(2,990
)
 
(2,990
)
 

 
(2,460
)
 
(2,460
)
General and administrative
(17,684
)
 
(2,305
)
 
(19,989
)
 
(14,217
)
 
(2,326
)
 
(16,543
)
Transaction costs
(2,437
)
 

 
(2,437
)
 
(21,098
)
 
119

 
(20,979
)
Depreciation and amortization
(48,189
)
 
(14,532
)
 
(62,721
)
 
(35,586
)
 
(14,084
)
 
(49,670
)
Extinguishment of debt
(293
)
 

 
(293
)
 

 

 

Interest
(32,353
)
 
(5
)
 
(32,358
)
 
(28,426
)
 
(2
)
 
(28,428
)
Interest on mandatorily redeemable preferred OP units
(787
)
 

 
(787
)
 
(787
)
 

 
(787
)
Other income, net
1,095

 
(220
)
 
875

 

 

 

Current tax expense
58

 
(51
)
 
7

 
(16
)
 
(40
)
 
(56
)
Deferred tax benefit
364

 

 
364

 

 

 

Net income / (loss)
20,506

 
(3,532
)
 
16,974

 
(146
)
 
(4,892
)
 
(5,038
)
Less:  Preferred return to preferred OP units
1,196

 

 
1,196

 
1,263

 

 
1,263

Less:  Amounts attributable to noncontrolling interests
1,506

 
(191
)
 
1,315

 
(374
)
 
(321
)
 
(695
)
Net income / (loss) attributable to Sun Communities, Inc.
17,804

 
(3,341
)
 
14,463

 
(1,035
)
 
(4,571
)
 
(5,606
)
Less: Preferred stock distributions
2,099

 

 
2,099

 
2,197

 

 
2,197

Net income / (loss) attributable to Sun Communities, Inc. common stockholders
$
15,705

 
$
(3,341
)
 
$
12,364

 
$
(3,232
)
 
$
(4,571
)
 
$
(7,803
)
Reconciliation of Assets from Segment to Consolidated
 
June 30, 2017
 
December 31, 2016
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
Identifiable assets:
 
 
 
 
 
 
 
 
 
 
 
Investment property, net
$
5,057,937

 
$
459,202

 
$
5,517,139

 
$
5,019,165

 
$
450,316

 
$
5,469,481

Cash and cash equivalents
235,860

 
5,786

 
241,646

 
3,705

 
4,459

 
8,164

Inventory of manufactured homes

 
25,582

 
25,582

 

 
21,632

 
21,632

Notes and other receivables, net
97,362

 
13,137

 
110,499

 
68,901

 
12,278

 
81,179

Collateralized receivables, net
138,696

 

 
138,696

 
143,870

 

 
143,870

Other assets, net
141,213

 
3,938

 
145,151

 
143,650

 
2,800

 
146,450

Total assets
$
5,671,068

 
$
507,645

 
$
6,178,713

 
$
5,379,291

 
$
491,485

 
$
5,870,776