Sun Communities Stock Price, News & Analysis

Sun Communities (NYSE: SUI) reported third quarter 2024 results with net income of $2.31 per diluted share and Core FFO of $2.34 per share. North America Same Property NOI increased 0.5% for Q3 and 3.6% for the first nine months of 2024. The company revised its full-year 2024 Core FFO guidance to $6.76-$6.84 per share and updated Same Property NOI growth guidance to 2.6%-3.3% for North America and 7.1%-8.7% for UK operations. MH and annual RV sites reached 97.7% occupancy, with approximately 1,050 new revenue-producing sites added in Q3. The company announced preliminary 2025 rental rate increases of 5.2% for MH, 5.1% for Annual RV, and 3.7% for Marina in North America.

Sun Communities (NYSE: SUI), a REIT specializing in manufactured housing, RV communities, and marinas, has announced it will release its third quarter 2024 operating results after market close on Wednesday, November 6, 2024. The company will host a conference call at 5:00 P.M. ET on the same day to discuss the results. The call will be accessible via phone for U.S., Canadian, and international participants, and will also be available live on the company's website. A replay of the call will be available through November 20, 2024.

Sun Communities, Inc. (NYSE: SUI), a REIT specializing in manufactured housing and RV communities and marinas, has reported no material building or structure damage from Hurricane Helene. The company has access to all its properties and is conducting assessments, with clean-up and restoration efforts underway at affected locations. Sun Communities does not anticipate a significant impact on its operating results or financial condition due to the hurricane.

CEO Gary Shiffman emphasized the company's focus on safety and swift response, crediting their Preparedness Plan and experienced team for enabling a quick return to full operations. He also praised the company's employees for their exemplary post-storm support and leadership.

Sun Communities, Inc. (NYSE: SUI), a real estate investment trust (REIT) specializing in manufactured housing (MH) and recreational vehicle (RV) communities and marinas, has announced its third quarter 2024 dividend. The company's Board of Directors has declared a quarterly distribution of $0.94 per share of common stock. This dividend will be payable on October 15, 2024 to shareholders of record as of September 30, 2024. Sun Communities' diverse portfolio includes properties in the MH, RV, and marina sectors, reflecting its broad presence in the real estate market.

Sun Communities (NYSE: SUI) reported Q2 2024 results with net income of $0.42 per diluted share and Core FFO of $1.86 per share. Key highlights include:

- North America Same Property NOI increased 3.6% for Q2 and 5.6% YTD
- MH and RV occupancy reached 98.7%, up 150 bps year-over-year
- Full-year 2024 Core FFO guidance reaffirmed at $7.06-$7.22 per share
- North America Same Property NOI growth guidance maintained at 4.7%-5.7%
- UK Same Property NOI growth guidance raised to 8.6%-10.4%

The company is executing on its capital recycling strategy, having sold over $300 million in properties year-to-date to pay down debt. SUI's Net Debt to Recurring EBITDA ratio improved to 6.0x pro forma for recent dispositions.

Sun Communities (NYSE: SUI), a REIT that owns and operates manufactured housing, recreational vehicle communities, and marinas, will release its second quarter 2024 results after market close on July 31, 2024.

The company will host a conference call to discuss the results on August 1, 2024, at 2:00 P.M. ET. Investors can participate by dialing (877) 407-9039 in the U.S. and Canada, or (201) 689-8470 internationally. The call will also be broadcast live on the company's website.

A replay will be available until August 15, 2024, accessible by dialing (844) 512-2921 for U.S. and Canada, or (412) 317-6671 internationally, using passcode 13747122.

Sun Communities (NYSE: SUI), a REIT specializing in manufactured housing, RV communities, and marinas, has declared a quarterly distribution of $0.94 per share for Q2 2024.

The dividend is payable on July 15, 2024, to shareholders recorded on June 28, 2024.

This announcement continues the company's history of consistent distributions, reflecting its stable revenue streams from its diversified property portfolio.

Sun Communities, Inc. reported positive first quarter results for 2024 with a 3.1% increase in total revenue and a net loss per diluted share of $0.22. Core FFO per share was $1.19, and North America same property NOI increased by 7.9%. The company's portfolio occupancy improved, and it provided full-year core FFO per share guidance ranging from $7.06 to $7.22. Sun Communities, Inc. remains focused on sustainable growth and value creation in the long term.