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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues:    
Rental income $ 249,022 $ 239,346
Other income 10,521 11,059
Interest income 1,767 1,807
Income from other investments, net 936 643
Total revenues 296,044 280,476
Expenses:    
Property operating and maintenance 88,873 83,634
Real estate taxes 17,850 16,841
Sales and marketing, gross 6,176 3,978
Membership sales commissions, deferred, net (1,499) (216)
Depreciation and amortization 45,398 39,024
Home selling expenses 1,306 1,213
General and administrative 10,512 10,855
Other expenses 698 588
Early debt retirement 2,029 1,054
Interest and related amortization 26,275 26,073
Total expenses 227,866 209,959
Loss on sale of real estate, net (59) 0
Income before equity in income of unconsolidated joint ventures 68,119 70,517
Equity in income of unconsolidated joint ventures 868 207
Consolidated net income 68,987 70,724
Income allocated to non-controlling interests – Common OP Units (3,747) (3,849)
Net income available for Common Stockholders 65,240 66,875
Other comprehensive income (loss):    
Adjustment for fair market value of swap 129 (1,333)
Consolidated comprehensive income 69,116 69,391
Comprehensive income allocated to non-controlling interests – Common OP Units (3,754) (3,776)
Comprehensive income attributable to Common Stockholders $ 65,362 $ 65,615
Earnings per common share – basic (usd per share) $ 0.36 $ 0.37
Earnings per common share – fully diluted (usd per share) $ 0.36 $ 0.37
Weighted average common shares outstanding – basic (in shares) 181,945 181,729
Weighted average common shares outstanding – fully diluted (in shares) 192,685 192,564
Annual membership subscriptions    
Revenues:    
Contract revenue $ 13,654 $ 13,073
Membership upgrade sales current period, gross    
Revenues:    
Contract revenue 10,014 4,843
Membership upgrade sales upfront payments, deferred, net    
Revenues:    
Contract revenue (7,427) (2,542)
Gross revenues from home sales    
Revenues:    
Contract revenue 15,220 11,309
Expenses:    
Cost of services 14,868 11,911
Brokered resale and ancillary services revenues, net    
Revenues:    
Contract revenue 2,337 938
Property management    
Expenses:    
Cost of services $ 15,380 $ 15,004