Welcome to our dedicated page for Sun Communities news (Ticker: SUI), a resource for investors and traders seeking the latest updates and insights on Sun Communities stock.
Sun Communities, Inc. (NYSE: SUI) is a real estate investment trust (REIT) that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities in the United States, Canada, and the United Kingdom. The company’s news flow in 2025 highlights its focus on MH and RV communities, portfolio performance, capital allocation, and leadership transitions.
On this page, readers can follow SUI news related to quarterly and annual financial results, including net income, Core Funds from Operations ("Core FFO") per share, Same Property Net Operating Income ("NOI") trends, and occupancy metrics for MH and RV sites in North America and communities in the UK. Sun Communities regularly issues press releases summarizing its results for each quarter, along with updated guidance ranges for diluted EPS and Core FFO per share and Same Property NOI growth expectations.
Investors can also track news about Sun Communities’ strategic actions, such as the completion of the sale of its Safe Harbor Marinas business, the use of sale proceeds for debt reduction, special cash distributions, regular distribution increases, and stock repurchase activity. Additional updates cover investment activity, including dispositions of RV and MH properties, acquisitions of MH and RV communities, and repurchases of UK property titles previously held under ground leases.
Governance and management developments are another key news category. In 2025, Sun Communities announced a CEO transition, with the appointment of Charles D. Young as Chief Executive Officer and the planned retirement of the prior CEO from that role, as well as the appointment of Mark E. Patten as Chief Financial Officer. The company also publishes notices of upcoming earnings releases and conference calls, providing schedules and access details. For investors and observers of residential REITs focused on MH and RV communities, this news page offers a centralized view of Sun Communities’ operational, financial, and leadership updates.
Sun Communities, Inc. (NYSE: SUI) has completed its acquisition of Safe Harbor Marinas, LLC for approximately $2.0 billion, including the assumption of about $829 million in debt. The acquisition encompasses 99 owned marinas and eight managed on behalf of third parties, with an expected additional payment of $94 million for three managed properties. This expansion adds a network of approximately 40,000 members across 22 states. The cash portion was financed through a recent equity offering generating $1.2 billion.
Sun Communities reported its Q3 2020 financial results, reflecting a 10.5% revenue increase to $400.5 million compared to Q3 2019. Net income rose to $81.2 million, or $0.83 per diluted share, while same community Net Operating Income (NOI) grew 5.5%. Portfolio occupancy stood at 97.2%. The company acquired five RV and two MH communities, with a pending $2.1 billion acquisition of Safe Harbor Marinas. COVID-19 impacted operations, prompting the withdrawal of full-year guidance, but fourth-quarter expectations for Core FFO range from $1.08 to $1.12 per share.
Sun Communities, Inc. (NYSE:SUI) announced an underwritten public offering of 8,000,000 shares of its common stock at $139.50 per share, up from an initial offering of 5,600,000 shares. Underwriters have a 30-day option to buy an additional 1,200,000 shares. The offering is linked to a forward sale agreement with Citibank, N.A. Proceeds, if any, are intended for the cash component of the acquisition of Safe Harbor Marinas, LLC, or to repay borrowings and fund future acquisitions.
Sun Communities, Inc. (NYSE:SUI) has initiated a public offering of 5,600,000 shares of its common stock, with an option for underwriters to purchase an additional 840,000 shares. This offering ties into a forward sale agreement with Citibank, N.A., and the settlement is expected by October 5, 2021. The net proceeds from this offering will potentially fund the acquisition of Safe Harbor Marinas, LLC, or repay existing debt. The company currently operates 426 communities across 33 states and Ontario, Canada.
Safe Harbor Marinas has entered into a definitive merger agreement with Sun Communities, Inc. (NYSE: SUI) valued at $2.11 billion. The agreement includes both cash and equity components, marking a significant strategic expansion for Sun Communities, which operates 426 properties across North America. Safe Harbor Marinas will maintain its independence while leveraging Sun's resources. The merger is expected to close in the fourth quarter of 2020, pending customary closing conditions. This partnership aims to enhance growth and operational capabilities within the marina sector.
Sun Communities (NYSE: SUI) has announced a definitive merger agreement to acquire Safe Harbor Marinas for approximately $2.11 billion. This acquisition will allow Sun to diversify its portfolio by adding 101 marinas, enhancing both its geographic reach and customer diversity. Safe Harbor is the largest marina operator in the U.S., boasting a 40,000-member network. The deal, expected to close in Q4 2020, will assume around $808 million in debt and aims to boost Sun's Core FFO per share by approximately 15%. A conference call will follow today to discuss the details.
Sun Communities, Inc. (NYSE: SUI) announced a definitive merger agreement to acquire Safe Harbor Marinas, LLC for approximately $2.11 billion. Safe Harbor, the largest marina owner in the U.S., will operate independently under Sun. The acquisition is expected to contribute about 15% of Sun's pro forma total annual rental revenue and enhance its geographic and customer diversity. The transaction includes an estimated $808 million in debt and $130 million in REIT operating partnership units. It is slated to close in Q4 2020.
Sun Communities, Inc. (SUI), a real estate investment trust, announced the schedule for its third quarter 2020 earnings release and conference call. The operating results will be released on October 21, 2020, after market closure, followed by a conference call on October 22, 2020, at 11:00 A.M. ET. Interested parties can participate via phone or listen live on the company's website. As of June 30, 2020, SUI owned or had interests in 426 communities across 33 states and Ontario, Canada, with nearly 143,000 developed sites.
Sun Communities, Inc. (NYSE: SUI), a leading REIT, declared a quarterly dividend of $0.79 per share for Q3 2020. This distribution aims to reward shareholders and is scheduled for payment on October 15, 2020, to those recorded by September 30, 2020. With a robust portfolio of 426 communities, housing nearly 143,000 developed sites across 33 states and Ontario, Canada, Sun Communities continues to showcase its operational strength and commitment to shareholder returns.
Sun Communities, Inc. (SUI) reported its 2020 second quarter results, revealing a total revenue decline of $9.2 million to $303.3 million, a 2.9% decrease year-over-year. However, net income rose to $58.9 million, or $0.61 per diluted share, compared to $40.4 million, or $0.46 per diluted share in 2019. Same Community Net Operating Income (NOI) increased by 1.4%, and total portfolio occupancy reached 97.3%. Despite COVID-19 challenges, MH rent collections remained stable at approximately 97%. The company also executed a public offering, raising $633.1 million for growth initiatives.