SUN COMMUNITIES INC SUI Income Statement

Sun communities inc (SUI)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
REVENUES
Income from real property
925,664	825,973	742,228	620,917	506,078	357,793	313,097	255,761	223,613	204,498	198,844
Revenue from home sales
181,936	166,031	127,408	110,507	79,728	53,954	54,852	45,147	32,252	31,945	32,721
Rental home revenue
57,572	53,657	50,549	47,780	46,236	39,213	32,500	26,589	22,290	20,480	20,463
Ancillary revenue
66,881	54,107	37,511	33,424	24,532	17,801	8,642	-180	7	505	387
Interest income
17,857	20,852	21,179	18,113	15,938	14,462	13,073	11,018	9,509	8,053	6,005
Brokerage commissions and other revenues, net
14,127	6,205	3,695	3,037	2,219	1,036	549	617	929	489	601
Revenues
1,264,037	1,126,825	982,570	833,778	674,731	484,259	422,713	338,952	288,600	265,970	259,021
Expenses
Real estate taxes
61,880	56,555	52,288	44,306	34,714	24,181	22,284	19,207	17,547	16,282	16,537
Property operating and maintenance
266,378	236,097	210,278	173,274	135,797	101,134	87,637	68,839	59,190	52,994	51,176
Cost of home sales
134,357	123,333	95,114	80,420	58,941	40,556	40,297	34,918	25,392	24,030	23,483
Rental home operating and maintenance
21,995	23,304	22,160	24,361	24,956	23,270	20,435	18,141	16,196	15,414	16,291
Ancillary expenses
47,432	38,043	27,450	23,783	17,519	12,584	7,491	-	-	-	-
Home selling expenses
14,690	15,722	12,457	9,744	7,476	5,235	-	-	-	-	-
Business Combination, Acquisition Related Costs
-	-	-	31,900	17,803	18,259	3,928	4,296	1,971	0	0
General and administrative - home sales and rentals
-	-	-	-	-	-	9,913	8,316	7,571	7,628	7,429
Catastrophic weather-related charges, net
1,737	92	8,352	1,172	0	-	-	-	-	-	800
General and administrative expenses
93,964	81,429	83,973	63,662	47,455	37,387	25,941	20,037	19,704	17,182	17,670
Depreciation and amortization
328,067	287,262	261,536	221,770	177,637	133,726	110,078	89,674	74,193	68,868	67,423
Asset impairment charge
-	-	-	-	-	837	0	0	1,382	0	0
Loss on extinguishment of debt
-16,505	-1,190	-4,676	-1,127	-2,800	0	0	-	-	-	-
Interest expense
133,153	130,556	128,471	119,163	107,659	73,771	73,339	67,859	64,606	62,136	59,432
Interest on mandatorily redeemable preferred OP units / equity
4,698	3,694	3,114	3,152	3,219	3,210	3,238	3,321	3,333	3,291	3,347
Total Expenses
1,124,856	997,277	909,869	797,848	635,976	474,150	404,581	334,608	291,085	267,825	263,588
Income Before Other Items
139,181	129,548	72,701	35,930	38,755	10,109	18,132	4,344	-2,485	-1,855	-4,567
Gain / (loss) on remeasurement of marketable securities (see Note 14)
34,240	-3,639	0	0	-	-	-	-	-	-	-
Other expense, net
3,457	-6,453	8,982	-4,676	0	0	-	-	-	-	-
Distributions from affiliates
1,374	790	0	-	-	-	-	-	-	-1,646	-2,176
Current tax expense
1,095	595	446	683	158	219	234	249	150	-	-
Gain on disposition of properties, net
-	-	-	-	125,376	17,654	0	0	-	-	-
Gain on settlement
-	-	-	-	-	4,452	0	0	-	-	-
Deferred tax benefit
-222	-507	-582	-400	-1,000	0	0	-	-	512	413
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-7,156
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-227
Net Income / (Loss)
177,379	120,158	81,819	31,471	170,473	33,196	20,148	7,995	-535	-3,513	-7,383
Less: Preferred return to preferred OP units / equity
6,058	4,486	4,581	5,006	4,973	2,935	2,598	2,329	1,222	0	0
Less: Income / (loss) attributable to noncontrolling interests
9,768	8,443	5,055	150	10,054	1,752	718	-318	-671	-630	-1,081
Less: Preferred return to Series A-3 preferred OP units
-	-	-	-	-	-	166	0	0	-	-
Less: Preferred return to Series A-4 preferred OP units
-	-	-	-	-	-	0	0	-	-	-
Preferred return to Series C preferred OP units
-	-	-	-	-	-	0	-	-	-	-
Net Income (Loss) Attributable to Parent
161,553	107,229	72,183	26,315	155,446	28,509	16,666	5,984	-1,086	-2,883	-6,302
Less: Preferred stock distribution
1,288	1,736	7,162	8,946	13,793	6,133	6,056	1,026	0	0	-
Less: Preferred stock redemption costs
-	-	-	-	4,328	0	0	-	-	-	-
Net Income (Loss) Available to Common Stockholders, Basic
160,265	105,493	65,021	17,369	137,325	22,376	10,610	4,958	-1,086	-	-
Weighted average common shares outstanding:
Loss from continuing operations, net of state income taxes
-	-	-	-	-	-	-	-	-	-	-6,099
Loss from discontinued operations, net of state income taxes
-	-	-	-	-	-	-	-	-	-	-203
Weighted Average Number of Shares Outstanding, Basic
88,460	81,387	76,084	65,856	53,686	41,337	34,228	26,970	21,147	19,168	18,484
Weighted Average Number of Shares Outstanding, Diluted
88,915	82,040	76,711	66,321	53,702	41,805	34,410	27,125	21,147	19,168	18,484
Earnings Per Share [Abstract]
Basic earnings / (loss) per share (see Note 13)
1.80	1.29	0.85	0.27	2.53	0.54	0.31	0.19	-0.05	-0.15	-
Diluted earnings / (loss) per share (see Note 13)
1.80	1.29	0.85	0.26	2.52	0.54	0.31	0.18	-0.05	-0.15	-
Distributions from Affiliate
-	-	-	500	7,500	1,200	2,250	3,900	2,100	500	-
Continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.33
Discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.01
Basic and diluted loss per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.34
Dividends per common share:
-	-	-	-	-	-	-	-	-	2.52	2.52