XML 76 R66.htm IDEA: XBRL DOCUMENT v3.8.0.1
Segment Reporting Results of Operations (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Dec. 31, 2016
Segment Reporting Information [Line Items]              
Revenues $ 261,234     $ 244,012 $ 721,957 $ 599,685  
Operating expenses/Cost of sales 114,164     107,207 305,722 252,616  
Net operating income/Gross profit 147,070     136,805 416,235 347,069  
Interest and other revenues, net 7,011     5,689 18,587 15,459  
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 $ (300) $ (500) 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)  
Catastrophic weather related charges (7,756)     0 (8,124) 0  
Other income, net 3,345     0 5,340 0  
Current tax benefit / (expense) 38     (283) (133) (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 Series A-1 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 $ 18,969
Real Property Operations Segment [Member]              
Segment Reporting Information [Line Items]              
Revenues 215,280     200,770 592,864 482,002  
Operating expenses/Cost of sales 82,295     78,922 220,902 176,176  
Net operating income/Gross profit 132,985     121,848 371,962 305,826  
Interest and other revenues, net 7,011     5,689 18,587 15,459  
Home selling expenses 0     0 0 0  
General and administrative (15,677)     (14,309) (49,082) (40,300)  
Transaction costs (2,153)     (4,171) (7,001) (27,990)  
Depreciation and amortization (48,624)     (47,323) (144,143) (118,296)  
Extinguishment of debt         (759) 0  
Interest (32,082)     (33,797) (95,754) (88,512)  
Interest on mandatorily redeemable preferred OP units (790)     (789) (2,361) (2,363)  
Catastrophic weather related charges (7,718)     0 (8,075) 0  
Other income, net 3,345     0 5,341 0  
Current tax benefit / (expense) 210     (242) 145 (445)  
Deferred tax benefit 81     0 745 0  
Income from affiliate transactions 0     500 0 500  
Net income 36,588     27,406 89,605 43,879  
Less: Preferred return to Series A-1 preferred OP units 1,112     1,257 3,482 3,793  
Less: Amounts attributable to noncontrolling interests 2,174     1,133 5,163 1,392  
Net income attributable to Sun Communities, Inc. 33,302     25,016 80,960 38,694  
Less: Preferred stock distributions 1,955     2,197 6,233 6,748  
Net income attributable to Sun Communities, Inc. common stockholders 31,347     22,819 74,727 31,946  
Home Sales and Home Rentals Segment [Member]              
Segment Reporting Information [Line Items]              
Revenues 45,954     43,242 129,093 117,683  
Operating expenses/Cost of sales 31,869     28,285 84,820 76,440  
Net operating income/Gross profit 14,085     14,957 44,273 41,243  
Interest and other revenues, net 0     0 0 0  
Home selling expenses (3,290)     (2,643) (9,391) (7,240)  
General and administrative (2,590)     (2,266) (7,106) (6,610)  
Transaction costs (14)     (20) 11 99  
Depreciation and amortization (15,608)     (14,160) (45,576) (41,269)  
Extinguishment of debt         0 0  
Interest (3)     (3) (11) (10)  
Interest on mandatorily redeemable preferred OP units 0     0 0 0  
Catastrophic weather related charges (38)     0 (49) 0  
Other income, net 0     0 (1) 0  
Current tax benefit / (expense) (172)     (41) (278) (122)  
Deferred tax benefit 0     0 0 0  
Income from affiliate transactions 0     0 0 0  
Net income (7,630)     (4,176) (18,128) (13,909)  
Less: Preferred return to Series A-1 preferred OP units 0     0 0 0  
Less: Amounts attributable to noncontrolling interests (398)     (254) (984) (932)  
Net income attributable to Sun Communities, Inc. (7,232)     (3,922) (17,144) (12,977)  
Less: Preferred stock distributions 0     0 0 0  
Net income attributable to Sun Communities, Inc. common stockholders $ (7,232)     $ (3,922) $ (17,144) $ (12,977)