Sun Communities Stock Price, News & Analysis

On September 1, 2021, Sun Communities, Inc. (NYSE:SUI) announced a quarterly dividend of $0.83 per share for Q3 2021. This will be payable on October 15, 2021, to shareholders of record as of September 30, 2021. The company is a REIT specializing in manufactured housing, RV resorts, and marinas, with a portfolio of 569 developed properties across 39 states and Ontario, Canada, totaling over 153,300 developed sites and nearly 41,300 wet slips and dry storage spaces.

Sun Communities, Inc. (SUI) reported robust second quarter results for 2021, with total revenues soaring 99.1% to $603.9 million and net income rising 88% to $110.8 million. Year-to-date revenues reached $1 billion, up 70.5%. Core FFO increased by 60.7% to $1.80 per share. Home sales surged 89.5% with 1,158 homes sold. The company acquired $719.4 million in properties, enhancing growth potential. Portfolio occupancy stood at 97.4%, with same community NOI rising by 21.6%. Revised guidance for FY 2021 includes EPS of $2.24 - $2.36 and Core FFO of $6.25 - $6.37.

Sun Communities, Inc. (SUI) has announced a public offering of $600 million in 2.700% senior notes due 2031, priced at 99.467% of principal, yielding 2.761%. The offering will close around June 28, 2021. Proceeds will be used to repay credit facility borrowings, fund potential property acquisitions, and for general corporate purposes. Citigroup, J.P. Morgan, and BofA Securities lead the offering. The company owns 562 MH, RV, and marina properties across 39 states and Ontario, Canada, managing over 151,600 sites and nearly 38,800 storage spaces.

Sun Communities, Inc. (NYSE: SUI) announced on June 14, 2021, that it has achieved investment grade ratings from S&P Global Ratings (BBB) and Moody's Investor Service (Baa3), both with stable outlooks. This recognition reflects the Company’s robust balance sheet management, strong operational history, and industry-leading status. CEO Gary Shiffman highlighted that these ratings will enhance the Company’s growth strategy, providing improved access to capital and lower costs. As of March 31, 2021, Sun Communities operates 562 properties across 39 states and Ontario, Canada.

Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust focused on manufactured housing and recreational vehicle communities, announced that its Chairman and CEO, Gary A. Shiffman, will present at Nareit’s REITweek 2021 Investor Conference on June 8, 2021, at 3:00 p.m. EDT. Interested investors can access the live audio-webcast on the company’s Investor Relations website.

As of March 31, 2021, Sun Communities owned or had an interest in 562 properties across 39 states and Ontario, Canada, totaling over 151,600 developed sites.

Sun Communities, Inc. (NYSE:SUI), a leading real estate investment trust specializing in manufactured housing and recreational vehicle resorts, has announced its second quarter 2021 earnings release date. The results will be made public on July 26, 2021, after market close, followed by a conference call on July 27, 2021, at 11:00 A.M. ET. As of March 31, 2021, Sun Communities managed a portfolio of 562 developed properties across 39 states and Ontario, Canada, highlighting its expansive operational reach in the real estate sector.

Sun Communities, Inc. (NYSE:SUI) declared a quarterly distribution of $0.83 per share for Q2 2021. This payout is set for July 15, 2021, to shareholders on record by June 30, 2021. As of March 31, 2021, Sun Communities operates a diverse portfolio of 562 properties in 39 states and Ontario, Canada, totaling over 151,600 developed sites and nearly 38,800 marina spaces. This distribution reflects the company’s ongoing commitment to providing returns to its shareholders.

Sun Communities reported strong Q1 2021 results, with total revenues rising by 42.4% to $442 million, compared to $310.3 million in Q1 2020. Net income reached $24.8 million, a turnaround from a net loss of $16.1 million in the previous year. Core Funds from Operations (Core FFO) increased by 3.3% to $1.26 per diluted share. Same Community Net Operating Income (NOI) rose by 2.7%, while occupancy improved to 97.3%. The company successfully acquired over $183 million in assets, and has raised its earnings guidance reflecting market confidence.

Sun Communities, Inc. (NYSE:SUI), a real estate investment trust, announced its first quarter 2021 earnings release on April 26, 2021, after market close. A conference call to discuss the results will take place on April 27, 2021, at 11:00 A.M. ET. Investors can participate by dialing in or joining via the company's website. As of December 31, 2020, Sun Communities owned or had an interest in 552 properties, with over 188,000 developed sites across 39 states and Ontario, Canada.