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Segment Reporting (Tables)
9 Months Ended
Sep. 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 September 30, 2017
 
Three Months Ended September 30, 2016
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
 
Real Property Operations
 
Home Sales and Rentals
 
Consolidated
Revenues
$
215,280

 
$
45,954

 
$
261,234

 
$
200,770

 
$
43,242

 
$
244,012

Operating expenses/Cost of sales
82,295

 
31,869

 
114,164

 
78,922

 
28,285

 
107,207

Net operating income/Gross profit
132,985

 
14,085

 
147,070

 
121,848

 
14,957

 
136,805

Adjustments to arrive at net income / (loss):
 
 
 
 
 
 
 
 
 
 
 
Interest and other revenues, net
7,011

 

 
7,011

 
5,689

 

 
5,689

Home selling expenses

 
(3,290
)
 
(3,290
)
 

 
(2,643
)
 
(2,643
)
General and administrative
(15,677
)
 
(2,590
)
 
(18,267
)
 
(14,309
)
 
(2,266
)
 
(16,575
)
Transaction costs
(2,153
)
 
(14
)
 
(2,167
)
 
(4,171
)
 
(20
)
 
(4,191
)
Depreciation and amortization
(48,624
)
 
(15,608
)
 
(64,232
)
 
(47,323
)
 
(14,160
)
 
(61,483
)
Interest
(32,082
)
 
(3
)
 
(32,085
)
 
(33,797
)
 
(3
)
 
(33,800
)
Interest on mandatorily redeemable preferred OP units
(790
)
 

 
(790
)
 
(789
)
 

 
(789
)
Catastrophic weather related charges
(7,718
)
 
(38
)
 
(7,756
)
 

 

 

Other income, net
3,345

 

 
3,345

 

 

 

Current tax benefit / (expense)
210

 
(172
)
 
38

 
(242
)
 
(41
)
 
(283
)
Deferred tax benefit
81

 

 
81

 

 

 

Income from affiliate transactions

 

 

 
500

 

 
500

Net income / (loss)
36,588

 
(7,630
)
 
28,958

 
27,406

 
(4,176
)
 
23,230

Less:  Preferred return to preferred OP units
1,112

 

 
1,112

 
1,257

 

 
1,257

Less:  Amounts attributable to noncontrolling interests
2,174

 
(398
)
 
1,776

 
1,133

 
(254
)
 
879

Net income / (loss) attributable to Sun Communities, Inc.
33,302

 
(7,232
)
 
26,070

 
25,016

 
(3,922
)
 
21,094

Less: Preferred stock distributions
1,955

 

 
1,955

 
2,197

 

 
2,197

Net income / (loss) attributable to Sun Communities, Inc. common stockholders
$
31,347

 
$
(7,232
)
 
$
24,115

 
$
22,819

 
$
(3,922
)
 
$
18,897

Reconciliation of Assets from Segment to Consolidated
 
September 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
$
5,112,302

 
$
461,523

 
$
5,573,825

 
$
5,019,165

 
$
450,316

 
$
5,469,481

Cash and cash equivalents
124,434

 
13,014

 
137,448

 
3,705

 
4,459

 
8,164

Inventory of manufactured homes

 
25,741

 
25,741

 

 
21,632

 
21,632

Notes and other receivables, net
132,748

 
13,012

 
145,760

 
68,901

 
12,278

 
81,179

Collateralized receivables, net
134,015

 

 
134,015

 
143,870

 

 
143,870

Other assets, net
137,303

 
3,744

 
141,047

 
143,650

 
2,800

 
146,450

Total assets
$
5,640,802

 
$
517,034

 
$
6,157,836

 
$
5,379,291

 
$
491,485

 
$
5,870,776