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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Rental income $ 255,698 $ 217,963 $ 504,720 $ 457,309
Other income 14,185 9,680 24,706 20,739
Interest income 1,742 1,791 3,509 3,598
Income from other investments, net 1,222 1,022 2,158 1,665
Total revenues 317,423 254,090 613,467 534,566
Expenses:        
Property operating and maintenance 102,663 85,265 191,536 168,899
Real estate taxes 17,896 16,668 35,746 33,509
Sales and marketing, gross 6,298 4,276 12,474 8,254
Membership sales commissions, deferred, net (1,438) (481) (2,937) (697)
Depreciation and amortization 48,316 38,332 93,714 77,356
Home selling expenses 1,346 1,081 2,652 2,294
General and administrative 10,228 10,609 20,740 21,464
Other expenses 800 639 1,498 1,227
Early debt retirement 755 0 2,784 1,054
Interest and related amortization 27,131 26,249 53,406 52,322
Total expenses 254,411 206,301 482,277 416,260
Loss on sale of real estate, net 0 0 (59) 0
Income before equity in income of unconsolidated joint ventures 63,012 47,789 131,131 118,306
Equity in income of unconsolidated joint ventures 1,068 1,064 1,936 1,271
Consolidated net income 64,080 48,853 133,067 119,577
Income allocated to non-controlling interests – Common OP Units (3,021) (2,658) (6,768) (6,507)
Redeemable perpetual preferred stock dividends (8) (8) (8) (8)
Net income available for Common Stockholders 61,051 46,187 126,291 113,062
Other comprehensive income (loss):        
Adjustment for fair market value of swap 110 552 239 (781)
Consolidated comprehensive income 64,190 49,405 133,306 118,796
Comprehensive income allocated to non-controlling interests – Common OP Units (3,027) (2,689) (6,781) (6,465)
Comprehensive income attributable to Common Stockholders $ 61,155 $ 46,708 $ 126,517 $ 112,323
Earnings per common share – basic (usd per share) $ 0.33 $ 0.25 $ 0.69 $ 0.62
Earnings per common share – fully diluted (usd per share) $ 0.33 $ 0.25 $ 0.69 $ 0.62
Weighted average common shares outstanding – basic (in shares) 182,337 181,833 182,142 181,781
Weighted average common shares outstanding – fully diluted (in shares) 192,701 192,542 192,668 192,538
Annual membership subscriptions        
Revenues:        
Contract revenue $ 14,267 $ 12,961 $ 27,921 $ 26,034
Membership upgrade sales current period, gross        
Revenues:        
Contract revenue 9,207 5,048 19,221 9,891
Membership upgrade sales upfront payments, deferred, net        
Revenues:        
Contract revenue (6,454) (2,666) (13,881) (5,208)
Gross revenues from home sales        
Revenues:        
Contract revenue 24,427 8,866 39,647 20,175
Expenses:        
Cost of services 23,856 8,850 38,724 20,761
Brokered resale and ancillary services revenues, net        
Revenues:        
Contract revenue 3,129 (575) 5,466 363
Property management        
Expenses:        
Cost of services $ 16,560 $ 14,813 $ 31,940 $ 29,817