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.
Sun Communities, Inc. announces key leadership changes effective December 31, 2022. Bruce Thelen, Executive VP of Operations and Sales, is promoted to Chief Operating Officer. John McLaren will transition to oversee manufactured housing development while Gary Shiffman shifts from CEO to President. Thelen has been with Sun since 2018, focusing on operations in manufactured housing and RV sectors. The company, as of June 30, 2022, owned 661 properties with nearly 180,300 sites across North America and the UK.
Sun Communities, Inc. (SUI) announced its third quarter 2022 earnings release date, set for October 24, 2022, after market close. A conference call to discuss the results will occur on October 25, 2022, at 11:00 A.M. ET. As of June 30, 2022, the company owned and operated a total of 661 properties, including manufactured housing communities, RV resorts, and marinas, offering over 180,300 developed sites and over 45,900 wet slips and dry storage spaces across 39 states, Canada, Puerto Rico, and the UK.
Sun Communities, Inc. (NYSE: SUI) has declared a quarterly distribution of $0.88 per share for Q3 2022. The payout is set for October 14, 2022, to shareholders recorded by September 30, 2022. As of June 30, 2022, the company manages 661 properties across the US, Canada, Puerto Rico, and the UK, comprising over 180,300 sites and over 45,900 wet slips and storage spaces.
Sun Communities, Inc. (SUI) reported a 34.8% increase in total revenues for Q2 2022, reaching $814.3 million, but net income dropped to $74 million, or $0.61 per share, down from $110.8 million, or $0.98 per share, in Q2 2021. For the six months ending June 30, 2022, revenues increased by 30.3% to approximately $1.4 billion, while net income decreased to $74.7 million, or $0.63 per share. Core FFO rose by 12.2% to $2.02 per share. The company revised its full-year guidance for earnings per share down to $1.91 - $2.01 and maintained Core FFO guidance at $7.22 - $7.32.
Sun Communities reported a 34.8% increase in total revenues for Q2 2022, amounting to $814.3 million, up from $603.9 million in Q2 2021. Despite this revenue growth, net income attributable to common shareholders declined to $74.0 million, or $0.61 per diluted share, from $110.8 million, or $0.98 per diluted share, in the previous year. Core Funds from Operations rose by 12.2% to $2.02 per diluted share. The company's UK operations contributed $40.5 million in NOI during the quarter. However, full-year earnings guidance was reduced from $2.46-$2.58 to $1.91-$2.01 per share.
Sun Communities, a real estate investment trust (REIT), announced a UK Investor Day and Property Tour presentation on June 21, 2022, hosted by CEO Gary A. Shiffman and Park Holidays CEO Jeff Sills. Investors can listen live via audio dial-in numbers provided. A video playback will be available on the company’s website within 48 hours post-event. As of March 31, 2022, Sun Communities owned or had an interest in 603 properties with nearly 159,300 sites across the US, Canada, Puerto Rico, and the UK.
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Sun Communities, Inc. (SUI) announced that its Chairman and CEO, Gary A. Shiffman, will present at Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 2:00 p.m. ET in New York City. A live audio-webcast will be accessible via the Company’s investor relations page, with a replay available for 30 days post-event. As of March 31, 2022, Sun Communities operated or had interests in 603 properties across 39 states, Canada, Puerto Rico, and the UK, with nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces.
Sun Communities, Inc. (SUI) announced the release date for its second quarter 2022 earnings report, set for July 25, 2022, after market close. A conference call to discuss the results will occur on July 26, 2022, at 11:00 A.M. ET. The company currently operates a portfolio of 603 properties, comprising nearly 159,300 developed sites. Interested parties can join the call or access a replay through the company’s website.
Sun Communities, Inc. (SUI) declared a quarterly distribution of $0.88 per share for Q2 2022, payable on July 15, 2022. This follows the company’s ongoing commitment to shareholder returns. As of March 31, 2022, Sun Communities owned and operated a portfolio of 603 properties across the U.S., Canada, Puerto Rico, and the UK, comprising approximately 159,300 developed sites and over 45,700 wet slips and dry storage spaces. This announcement underscores the company's solid financial strategy and growth in the manufactured housing and recreational vehicle market.