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. reports developments as a real estate investment trust that owns and operates, or has interests in, manufactured housing and recreational vehicle communities. Company updates regularly cover operating results, Core FFO, same-property NOI, occupancy, developed sites, guidance and portfolio activity across properties in the United States, Canada and the United Kingdom.
Recurring news also includes quarterly common-stock distributions, acquisitions and dispositions of MH and annual RV properties, investor presentations, earnings call schedules and governance or executive leadership changes tied to the company’s REIT operations.
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Sun Communities, a REIT focused on manufactured housing and RV communities, reported its Q1 2023 results showing a 13.8% increase in real property revenue. The net loss per diluted share was $0.24, a decline from a net income of $0.01 in Q1 2022. Core FFO per share was $1.23, surpassing guidance by 4.7%. Same property NOI rose 6.7%, driven by strong demand and effective expense management. Occupancy for MH and RV communities was 96.9%, down from 97.5% year-over-year, with 524 sites converted from transient to annual RV use. The company maintained its 2023 Core FFO guidance of $7.22 - $7.42 per share and expects 5.0% - 6.0% NOI growth.
Sun Communities, Inc. (SUI) has announced its first quarter 2023 earnings release set for April 26, 2023, after market close, with a conference call on April 27, 2023, at 11:00 A.M. ET to discuss the results. The company operates a portfolio of 669 properties, totaling over 179,700 developed sites across the US, UK, and Canada, as of December 31, 2022. Interested parties can participate by dialing in or accessing the live stream on the company's website.
Sun Communities, Inc. (NYSE: SUI) declared a quarterly distribution of $0.93 per share for Q1 2023. This payout will be made on April 17, 2023, to shareholders recorded by March 31, 2023. As of December 31, 2022, the company owned, operated, or held interest in 669 properties, offering over 179,700 developed sites and approximately 47,800 wet slips and dry storage spaces across the United States, the United Kingdom, and Canada.
Sun Communities, Inc. (NYSE: SUI) announced that Gary A. Shiffman, Chairman, President, and CEO, will present at the 2023 Citi Global Property CEO Conference on March 7, 2023, at 4:20 p.m. EST in Hollywood, Florida. The presentation will be available via a live audio-webcast on the Company's website, with a replay accessible for 90 days. As of December 31, 2022, Sun Communities owned, operated, or held interest in 669 developed properties, comprising over 179,700 sites and around 47,800 wet slips and dry storage spaces across the U.S., U.K., and Canada.