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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Segment Information
A presentation of segment financial information is summarized as follows (in millions):

 Three Months Ended
September 30, 2023September 30, 2022
 MHRVMarinaConsolidatedMHRVMarinaConsolidated
Operating revenues$406.4 $270.7 $264.9 $942.0 $419.1 $263.4 $228.1 $910.6 
Operating expenses / Cost of sales190.6 119.7 173.7 484.0 200.5 118.1 136.8 455.4 
NOI$215.8 $151.0 $91.2 $458.0 $218.6 $145.3 $91.3 $455.2 
Adjustments to arrive at net income
Interest income15.2 11.2 
Brokerage commissions and other revenues, net26.0 10.8 
General and administrative expense(66.2)(69.1)
Catastrophic event-related charges, net3.1 (12.2)
Business combination expense, net— (8.4)
Depreciation and amortization(162.6)(149.7)
Asset impairments(1.2)(1.6)
Loss on extinguishment of debt (see Note 8)
— (4.0)
Interest expense(84.1)(61.7)
Interest on mandatorily redeemable preferred OP units / equity(0.8)(1.0)
Gain / (loss) on remeasurement of marketable securities6.1 (7.2)
Gain / (loss) on foreign currency exchanges(6.5)14.9 
Loss on dispositions of properties(0.7)(0.8)
Other income / (expense), net(3.7)2.8 
Loss on remeasurement of notes receivable(1.3)(0.1)
Income from nonconsolidated affiliates (see Note 6)
1.4 2.0 
Gain on remeasurement of investment in nonconsolidated affiliates— (0.4)
Current tax expense(4.6)(7.3)
Deferred tax benefit2.3 3.6 
Net Income180.4 177.0 
Less: Preferred return to preferred OP units / equity interests3.3 2.5 
Less: Income attributable to noncontrolling interests14.0 11.9 
Net Income Attributable to SUI Common Shareholders$163.1 $162.6 
Nine Months Ended
 September 30, 2023September 30, 2022
 MHRVMarinaConsolidatedMHRVMarinaConsolidated
Operating revenues$1,135.4 $570.5 $706.1 $2,412.0 $1,073.4 $569.5 $599.8 $2,242.7 
Operating expenses / Cost of sales542.4 285.0 468.0 1,295.4 489.9 284.8 376.2 1,150.9 
Net Operating Income / Gross Profit$593.0 $285.5 $238.1 $1,116.6 $583.5 $284.7 $223.6 $1,091.8 
Adjustments to arrive at net income
Interest income40.6 25.3 
Brokerage commissions and other revenues, net45.3 27.4 
General and administrative expense(192.4)(187.0)
Catastrophic event-related charges, net2.2 (12.3)
Business combination expense, net(3.0)(23.9)
Depreciation and amortization(482.3)(447.7)
Asset impairments(10.1)(2.3)
Loss on extinguishment of debt (see Note 8)
— (4.4)
Interest expense(239.9)(162.2)
Interest on mandatorily redeemable preferred OP units / equity(2.7)(3.1)
Loss on remeasurement of marketable securities(8.0)(74.0)
Gain / (loss) on foreign currency exchanges(6.5)21.7 
Gain / (loss) on dispositions of properties(2.9)12.5 
Other income / (expense), net(5.5)2.6 
Gain / (loss) on remeasurement of notes receivable(3.1)0.1 
Income from nonconsolidated affiliates (see Note 6)
0.5 3.8 
Gain / (loss) on remeasurement of investment in nonconsolidated affiliates(4.5)0.1 
Current tax expense(13.9)(12.5)
Deferred tax benefit14.6 3.9 
Net Income245.0 259.8 
Less: Preferred return to preferred OP units / equity interests9.0 8.6 
Less: Income attributable to noncontrolling interests13.2 13.9 
Net Income Attributable to SUI Common Shareholders$222.8 $237.3 
Schedule of Segment Assets
 September 30, 2023December 31, 2022
 MHRVMarinaConsolidatedMHRVMarinaConsolidated
Identifiable Assets
Investment property, net$6,903.2 $3,881.1 $3,206.4 $13,990.7 $7,181.7 $3,744.3 $3,045.0 $13,971.0 
Cash, cash equivalents and restricted cash34.2 17.0 10.8 62.0 49.4 30.3 10.7 90.4 
Marketable securities71.2 41.6 — 112.8 82.4 44.9 — 127.3 
Inventory of manufactured homes195.6 24.2 — 219.8 189.1 13.6 — 202.7 
Notes and other receivables, net659.5 116.0 56.7 832.2 475.2 96.5 45.6 617.3 
Goodwill533.1 9.5 541.5 1,084.1 467.4 9.5 541.5 1,018.4 
Other intangible assets, net88.0 29.8 256.9 374.7 97.9 32.6 271.5 402.0 
Other assets, net633.3 50.2 245.5 929.0 356.1 63.0 236.0 655.1 
Total Assets$9,118.1 $4,169.4 $4,317.8 $17,605.3 $8,899.2 $4,034.7 $4,150.3 $17,084.2