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 (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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