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. (SUI) is a leading residential REIT specializing in manufactured housing communities, RV resorts, and marina properties. This page provides investors and industry observers with verified updates on SUI's financial performance, strategic initiatives, and market positioning within the recreational real estate sector.
Access curated press releases and news articles covering quarterly earnings, property acquisitions, and operational enhancements. Our repository serves as a centralized source for tracking SUI's growth in affordable housing solutions and vacation property management.
Key coverage areas include updates on portfolio expansions, leadership developments, and industry-specific trends affecting manufactured housing communities. Regular updates offer insights into SUI's disciplined approach to maintaining high occupancy rates and optimizing its waterfront-adjacent assets.
Bookmark this page for efficient access to Sun Communities' official communications, enabling informed analysis of its niche-focused REIT strategy and long-term value creation in recreational living markets.
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.
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