The following tables reconcile the Net income attributable to SUI common shareholders to NOI and summarize our consolidated financial results for the three and six months ended June 30, 2022 and 2021 (in millions):
The RV and Marina industries are seasonal in nature, and the results of operations in any one period may not be indicative of results in future periods.
Comparison of the Three and Six Months Ended June 30, 2022 and 2021
Real Property Operations - Total Portfolio
(1)Includes MH communities, RV resorts and marinas.
(2)Occupancy percentages include annual RV sites and exclude transient RV sites.
(3)Occupancy percentages include MH and annual RV sites and exclude transient RV sites.
(4)Monthly base rent pertains to annual RV sites and excludes transient RV sites.
(5)Canadian currency figures included within the six months ended June 30, 2021 have been translated at 2022 average exchange rates.
Real Property Operations - Same Property
Real Property Operations - Same Property - MH and RV United States and Canada
(1) Percentages are calculated based on unrounded numbers.
(1) Percentages are calculated based on unrounded numbers.
(1)Occupancy percentages include annual RV sites and exclude transient RV sites.
(2)Occupancy percentages include MH and annual RV sites and exclude transient RV sites.
(3)Adjusted occupancy percentages include MH and exclude recently completed but vacant expansion sites.
(4)Adjusted occupancy percentages include annual RV sites and exclude transient RV sites and recently completed but vacant expansion sites.
(5)Adjusted occupancy percentages include MH and annual RV sites and exclude transient RV sites and recently completed but vacant expansion sites.
(6)The occupancy percentages for 2021 have been adjusted to reflect incremental growth period-over-period from newly rented MH expansion sites and the conversion of transient RV sites to annual RV sites.
(7)Monthly base rent pertains to annual RV sites and excludes transient RV sites.
(8)Canadian currency figures included within three months ended June 30, 2021 have been translated at 2022 average exchange rates.
For the three months ended June 30, 2022 and 2021:
For the six months ended June 30, 2022 and 2021:
Real Property Operations - Same Property - Marina
(1) Percentages are calculated based on unrounded numbers.
For the three months ended June 30, 2022 and 2021, the $3.1 million, or 7.1 percent, increase in Marina Real Property NOI is primarily due to the $3.9 million, or 7.4 percent, increase in Real property (excluding transient) revenue, partially offset by increased property operating expenses.
For the six months ended June 30, 2022 and 2021, the $3.5 million, or 5.0 percent, increase in Marina Real Property NOI is primarily due to the $6.4 million, or 6.6 percent, increase in Real property (excluding transient) revenue, partially offset by increased property operating expenses.
Home Sales Summary (excluding UK home sales)
We purchase new homes and acquire pre-owned and repossessed manufactured homes, generally located within our communities, from lenders, dealers, and former residents to sell or lease to current and prospective residents.
Pre-owned Homes Pre-owned home sales $ 45.0 $ 47.1 $ (2.1)
Refer to the UK Operations summary on page 54 for financial information related to our home sales in the UK.
The Rental Program NOI is included in Real Property NOI. The Rental Program NOI is separately reviewed to assess the overall growth and performance of the Rental Program and its financial impact on our operations.
For the three months ended June 30, 2022 and 2021:
For the six months ended June 30, 2022 and 2021:
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