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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income (Loss) $ 16,461 $ (3,403)
Non-Cash items included in Net Income (Loss):    
Depreciation 44,435 41,271
Amortization of Financing Costs 1,770 1,592
Stock Compensation Expense 3,732 4,010
Provision for Uncollectible Notes and Other Receivables 1,302 1,332
(Gain) Loss on Sales of Marketable Securities, net 3,778 (183)
(Increase) Decrease in Fair Value of Marketable Securities (3,468) 10,439
(Gain) Loss on Sales of Investment Property and Equipment 91 (11)
Loss on Investment in Joint Venture 690 799
Changes in Operating Assets and Liabilities:    
Inventory of Manufactured Homes 1,500 49,518
Notes and Other Receivables, net of notes acquired with acquisitions (8,598) (12,645)
Prepaid Expenses and Other Assets (4,800) 1,612
Accounts Payable (374) (409)
Accrued Liabilities and Deposits (2,571) (3,815)
Tenant Security Deposits 383 1,007
Net Cash Provided by Operating Activities 54,331 91,114
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of Manufactured Home Communities 0 (3,679)
Purchase of Investment Property and Equipment (67,575) (108,616)
Proceeds from Sales of Investment Property and Equipment 3,888 2,282
Additions to Land Development Costs (30,784) (24,310)
Purchase of Marketable Securities (18) (17)
Proceeds from Sales of Marketable Securities 36 4,323
Investment in Joint Venture (2,561) (5,709)
Net Cash Used in Investing Activities (97,014) (135,726)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net Payments from Short-Term Borrowings (67,363) (8,338)
Principal Payments of Mortgages and Loans (8,887) (67,429)
Financing Costs on Debt (593) (871)
Proceeds from At-The-Market Preferred Equity Program, net of offering costs 15,260 46,792
Proceeds from At-The-Market Common Equity Program, net of offering costs 163,194 121,964
Proceeds from Issuance of Common Stock in the DRIP, net of dividend reinvestments 5,258 4,807
Proceeds from Exercise of Stock Options 2,919 734
Preferred Dividends Paid (14,168) (12,251)
Common Dividends Paid, net of dividend reinvestments (42,944) (36,102)
Net Cash Provided by Financing Activities 52,676 49,306
Net Increase in Cash, Cash Equivalents and Restricted Cash 9,993 4,694
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 64,437 40,876
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 74,430 $ 45,570