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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES        
Income from real property $ 198,263 $ 184,324 $ 560,778 $ 453,560
Revenue from home sales 33,197 31,211 91,319 81,987
Rental home revenue 12,757 12,031 37,774 35,696
Ancillary revenues 17,017 16,446 32,086 28,442
Interest 5,920 4,705 15,609 13,322
Brokerage commissions and other revenues, net 1,091 984 2,978 2,137
Total revenues 268,245 249,701 740,544 615,144
EXPENSES        
Property operating and maintenance 59,249 57,089 159,861 125,357
Real estate taxes 13,053 12,384 39,322 32,122
Cost of home sales 25,094 21,935 67,999 58,803
Rental home operating and maintenance 6,775 6,350 16,821 17,637
Ancillary expenses 9,993 9,449 21,719 18,697
Home selling expenses 3,290 2,643 9,391 7,240
General and administrative 18,267 16,575 56,188 46,910
Transaction costs 2,167 4,191 6,990 27,891
Depreciation and amortization 64,232 61,483 189,719 159,565
Extinguishment of debt 0 0 759 0
Interest 32,085 33,800 95,765 88,522
Interest on mandatorily redeemable preferred OP units 790 789 2,361 2,363
Total expenses 234,995 226,688 666,895 585,107
Income before other items 33,250 23,013 73,649 30,037
Catastrophic weather related charges (7,756) 0 (8,124) 0
Other income, net 3,345 0 5,340 0
Current tax benefit / (expense) 38   (133)  
Current State and Local Tax Expense (Benefit) (100) 283 100 567
Deferred tax benefit 81 0 745 0
Income from affiliate transactions 0 500 0 500
Net income 28,958 23,230 71,477 29,970
Less: Preferred return to preferred OP units (1,112) (1,257) (3,482) (3,793)
Less: Amounts attributable to noncontrolling interests (1,776) (879) (4,179) (460)
Net income attributable to Sun Communities, Inc. 26,070 21,094 63,816 25,717
Less: Preferred stock distributions (1,955) (2,197) (6,233) (6,748)
Net income attributable to Sun Communities, Inc. common stockholders $ 24,115 $ 18,897 $ 57,583 $ 18,969
Weighted average common shares outstanding:        
Basic 78,369 68,655 75,234 63,716
Diluted 78,808 69,069 75,846 64,146
Earnings per share:        
Basic $ 0.31 $ 0.27 $ 0.76 $ 0.30
Diluted $ 0.31 $ 0.27 $ 0.76 $ 0.30