Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Segment Reporting Information, by Segment [Table Text Block]

A presentation of our segment financial information is summarized as follows (amounts in thousands):


	Year Ended
	December 31, 2021								December 31, 2020(1)								December 31, 2019(1)
	MH		RV		Marina		Consolidated		MH		RV		Marina		Consolidated		MH		RV		Marina		Consolidated
Operating revenues	$	1,059,721	$	606,474	$	564,051	$	2,230,246	$	902,287	$	421,125	$	47,586	$	1,370,998	$	850,357	$	381,696	$	—	$	1,232,053
Operating expenses / Cost of sales	438,681		318,785		351,805		1,109,271		362,546		221,231		30,111		613,888		348,614		198,626		—		547,240
NOI	621,040		287,689		212,246		1,120,975		539,741		199,894		17,475		757,110		501,743		183,070		—		684,813
Adjustments to arrive at net income
Interest income							12,232								10,119								17,857
Brokerage commissions and other revenues, net							30,127								17,230								14,127

General and administrative expense							(181,210)								(109,616)								(92,777)
Catastrophic event-related charges, net							(2,239)								(885)								(1,737)
Business combination expense, net							(1,362)								(23,008)								—
Depreciation and amortization							(522,745)								(376,876)								(328,067)
Loss on extinguishment of debt (see Note 8)							(8,127)								(5,209)								(16,505)
Interest expense							(158,629)								(129,071)								(133,153)
Interest on mandatorily redeemable preferred OP units / equity							(4,171)								(4,177)								(4,698)
Gain on remeasurement of marketable securities							33,457								6,129								34,240
Gain / (loss) on foreign currency translation							(3,743)								7,666								4,479
Gain on dispositions of properties							108,104								5,595								—
Other expense, net							(12,122)								(5,188)								(1,701)
Gain / (loss) on remeasurement of notes receivable							685								(3,275)								—
Income from nonconsolidated affiliates (see Note 6)							3,992								1,740								1,374
Loss on remeasurement of investment in nonconsolidated affiliates							(160)								(1,608)								—
Current tax expense (see Note 12)							(1,236)								(790)								(1,095)
Deferred tax benefit / (expense) (see Note 12)							(91)								1,565								222
Net Income							413,737								147,451								177,379
Less: Preferred return to preferred OP units / equity interests							12,095								6,935								6,058
Less: Income attributable to noncontrolling interests							21,490								8,902								9,768
Net Income Attributable to Sun Communities, Inc.							380,152								131,614								161,553
Less: Preferred stock distribution							—								—								1,288

Net Income Attributable to Sun Communities, Inc. Common Stockholders							$	380,152							$	131,614							$	160,265