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Consolidated Statements of Income and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental income $ 269,573 $ 238,869 $ 774,293 $ 696,178
Other income 12,053 12,268 36,759 33,007
Interest income 1,805 1,801 5,314 5,399
Income from other investments, net 1,238 1,428 3,396 3,093
Total revenues 332,897 284,986 946,364 819,552
Expenses:        
Property operating and maintenance 109,164 99,566 300,700 268,465
Real estate taxes 18,408 15,981 54,154 49,490
Sales and marketing, gross 6,513 5,054 18,987 13,308
Membership sales commissions, deferred, net (1,468) (630) (4,405) (1,327)
Depreciation and amortization 44,414 38,581 138,127 115,937
Home selling expenses 1,203 1,241 3,855 3,535
General and administrative 10,401 9,692 31,141 31,156
Other expenses 797 658 2,295 1,885
Early debt retirement 0 9,732 2,784 10,786
Interest and related amortization 27,361 25,218 80,767 77,540
Total expenses 259,655 232,486 741,931 648,746
Loss on sale of real estate, net 0 0 (59) 0
Income before equity in income of unconsolidated joint ventures 73,242 52,500 204,374 170,806
Equity in income of unconsolidated joint ventures 851 968 2,786 2,239
Consolidated net income 74,093 53,468 207,160 173,045
Income allocated to non-controlling interests – Common OP Units (3,468) (2,908) (10,236) (9,415)
Redeemable perpetual preferred stock dividends 0 0 (8) (8)
Net income available for Common Stockholders 70,625 50,560 196,916 163,622
Other comprehensive income (loss):        
Adjustment for fair market value of swap 86 1,161 325 380
Consolidated comprehensive income 74,179 54,629 207,485 173,425
Comprehensive income allocated to non-controlling interests – Common OP Units (3,472) (2,971) (10,253) (9,436)
Comprehensive income attributable to Common Stockholders $ 70,707 $ 51,658 $ 197,224 $ 163,981
Earnings per common share – basic (usd per share) $ 0.38 $ 0.28 $ 1.08 $ 0.90
Earnings per common share – fully diluted (usd per share) $ 0.38 $ 0.28 $ 1.08 $ 0.90
Weighted average common shares outstanding – basic (in shares) 183,469 181,869 182,590 181,811
Weighted average common shares outstanding – fully diluted (in shares) 192,736 192,537 192,689 192,548
Annual membership subscriptions        
Revenues:        
Contract revenue $ 15,127 $ 13,442 $ 43,048 $ 39,476
Membership upgrade sales current period, gross        
Revenues:        
Contract revenue 10,122 6,631 29,343 16,522
Membership upgrade sales upfront payments, deferred, net        
Revenues:        
Contract revenue (7,253) (4,171) (21,134) (9,379)
Gross revenues from home sales        
Revenues:        
Contract revenue 27,276 13,070 66,923 33,245
Expenses:        
Cost of services 25,847 12,866 64,571 33,627
Brokered resale and ancillary services revenues, net        
Revenues:        
Contract revenue 2,956 1,648 8,422 2,011
Property management        
Expenses:        
Cost of services $ 17,015 $ 14,527 $ 48,955 $ 44,344