Sun Communities, Inc. Announces Distribution Increase

Rhea-AI Summary

Sun Communities (NYSE: SUI) announced a Board-approved increase in its quarterly distribution to $1.12 per common share and unit, up $0.08 (about 8%) from the prior quarterly rate of $1.04.

The new quarterly rate equals an annualized distribution of $4.48 per share and is expected to commence with the first-quarter distribution payable in April 2026. Each quarterly distribution amount remains subject to Board approval.

Positive

• Quarterly distribution increased to $1.12 (+8%)
• Annualized distribution set at $4.48 per share

Negative

• Each quarterly distribution amount remains subject to Board approval (not guaranteed)

News Market Reaction

+0.52%

1 alert

+0.52% News Effect

On the day this news was published, SUI gained 0.52%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

New quarterly distribution: $1.12 per share Prior quarterly distribution: $1.04 per share Distribution increase: $0.08 per share +3 more

6 metrics

New quarterly distribution $1.12 per share Board-approved quarterly rate for common shares and units

Prior quarterly distribution $1.04 per share Previous quarterly rate for common shares and units

Distribution increase $0.08 per share Incremental increase in quarterly distribution

Distribution growth rate 8% Increase over prior quarterly distribution rate

New annual distribution $4.48 per share Annualized distribution based on new quarterly rate

First payment timing April 2026 First quarter distribution under new policy expected in April 2026

Market Reality Check

Price: $129.99 Vol: Volume 734,943 is below t...

normal vol

$129.99 Last Close

Volume Volume 734,943 is below the 20-day average of 840,858 (relative volume 0.87x). normal

Technical Price at $130.79, trading above the 200-day MA of $125.57 and 5.07% below the 52-week high of $137.77.

Peers on Argus

SUI shows a 1.47% gain while peers are mixed: MAA +1.17%, INVH +0.07%, but ESS -...

SUI shows a 1.47% gain while peers are mixed: MAA +1.17%, INVH +0.07%, but ESS -0.39% and UDR -, suggesting a stock-specific response to the dividend increase rather than a uniform residential REIT move.

Historical Context

5 past events · Latest: Feb 04 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Feb 04	CFO transition	Neutral	-3.3%	Announced interim CFO appointment and reaffirmed 2025 guidance timing.
Feb 02	Earnings date set	Neutral	+1.4%	Scheduled Q4 2025 results release and conference call details.
Jan 21	Tax distribution detail	Neutral	+0.5%	Provided tax characterization of <b>2025</b> common share distributions.
Dec 16	CFO appointment	Neutral	+0.7%	Named new CFO with extensive REIT and capital markets experience.
Oct 29	Q3 2025 earnings	Positive	-2.3%	Reported Q3 2025 results and raised Core FFO and NOI guidance ranges.

Pattern Detected

News has usually led to modest moves; notably, Q3 2025 results with raised guidance saw a negative reaction.

Recent Company History

Over the last few months, Sun Communities has focused on leadership changes, tax and distribution details, and operational performance. A CFO transition was announced on Feb 4, 2026, and Q4 2025 earnings are scheduled for Feb 24, 2026. Tax treatment for 2025 distributions and a prior CFO appointment in Dec 2025 were disclosed. Q3 2025 results on Oct 29, 2025 featured raised 2025 guidance but produced a -2.32% next-day move, showing that stronger fundamentals have not always led to positive price reactions.

Market Pulse Summary

This announcement highlights the Board’s decision to raise the quarterly distribution to $1.12 per s...

Analysis

This announcement highlights the Board’s decision to raise the quarterly distribution to $1.12 per share, an 8% increase from $1.04, for a new annual rate of $4.48. The change, expected to start with the first quarter payout in April 2026, comes after a period of leadership transitions and previously raised guidance. Investors may focus on upcoming earnings to assess how cash flows support the higher distribution level over time.

Key Terms

real estate investment trust, reit, manufactured housing, recreational vehicle

4 terms

real estate investment trust financial

"a real estate investment trust (“REIT”) that owns and operates"

A real estate investment trust (REIT) is a company that owns and manages income-producing properties—like apartment buildings, shopping centers, offices, or warehouses—and is required to pass most of its rental income to shareholders as dividends. Think of it as a shared property owner: instead of buying a whole building, investors buy a slice of a portfolio that pays regular income and can offer exposure to property values and rental markets without direct management. REITs matter to investors for predictable income, diversification, and liquidity compared with owning physical real estate.

reit financial

"a real estate investment trust (“REIT”) that owns and operates"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

manufactured housing technical

"has an interest in, manufactured housing (“MH”) and recreational"

Manufactured housing are homes built in a factory and transported to their site, including single-section and multi-section units that meet national safety and construction standards. For investors, these homes matter because they often cost less than site-built houses and can generate steady rental or resale income, so they behave like a blend of real estate and durable goods — sensitive to interest rates, land availability and local housing demand.

recreational vehicle technical

"manufactured housing (“MH”) and recreational vehicle (“RV”) communities"

A recreational vehicle (RV) is a motorhome, camper, or towable trailer equipped for living and travel, combining transportation and temporary housing in one unit. Investors watch RV sales and rental trends because they act like a thermometer for consumer leisure spending and durable-goods demand—rising RV activity can signal strong discretionary income, manufacturing and supply-chain health, and opportunities in financing, parts, and campground services.

AI-generated analysis. Not financial advice.

Southfield, MI, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) and recreational vehicle (“RV”) communities, today announced that its Board of Directors approved an increase in its quarterly distribution rate to $1.12 per common share and unit, representing an increase of $0.08 per share, or approximately 8%, over the prior quarterly rate of $1.04 per common share and unit.

The new quarterly rate equates to an annual distribution rate of $4.48 per common share and unit and is expected to commence with the first quarter distribution expected to be paid in April 2026. While the Board of Directors has adopted the new annual distribution policy, the amount of each quarterly distribution on the Company's common stock will be subject to approval by the Board of Directors.

About Sun Communities, Inc.
Sun Communities, Inc. is a REIT that, as of September 30, 2025, owned, operated, or had an interest in a portfolio of 501 developed properties comprising approximately 174,680 developed sites in the United States, Canada, and the United Kingdom.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This press release contains various "forward-looking statements" within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the Company intends that such forward-looking statements will be subject to the safe harbors created thereby. For this purpose, any statements contained in this press release that relate to expectations, beliefs, projections, future plans and strategies, trends or prospective events or developments and similar expressions concerning matters that are not historical facts are deemed to be forward-looking statements. Words such as “forecasts,” “intend,” “goal,” “estimate,” “expect,” “project,” “projections,” “plans,” “predicts,” “potential,” “seeks,” “anticipates,” “should,” “could,” “may,” “will,” “designed to,” “foreseeable future,” “believe,” “scheduled,” "guidance", "target" and similar expressions are intended to identify forward-looking statements, although not all forward looking statements contain these words. These forward-looking statements reflect the Company’s current views with respect to financial results and performance and future events, but involve known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in or incorporated herein, some of which are beyond the Company’s control. These risks, uncertainties and other factors may cause the Company’s actual results to be materially different from any future results expressed or implied by such forward-looking statements. Details of potential risks that may affect the Company are described in the Company’s periodic reports filed with the U.S. Securities and Exchange Commission, including in the “Risk Factors” section in the Company's Annual Report on Form 10-K for the year ended December 31, 2024 and in its Quarterly Report on Form 10-Q for the three months ended March 31, 2025.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements included or incorporated by reference into this document, whether as a result of new information, future events, changes in the Company's expectations or otherwise, except as required by law.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, levels of activity, performance or achievements. All written and oral forward-looking statements attributable to the Company or persons acting on the Company's behalf are qualified in their entirety by these cautionary statements.

For Further Information at the Company:

Sun Communities Investor Relations Team
investorrelations@suncommunities.com
(248) 208-2500
www.suninc.com

FAQ

What change did Sun Communities (SUI) announce on February 17, 2026 about its distribution?

Sun Communities announced an increase in the quarterly distribution to $1.12, up $0.08 (about 8%). According to the company, the new rate equates to an annualized distribution of $4.48 and is expected to start with the April 2026 payment.

When will the increased Sun Communities (SUI) distribution take effect and be paid?

The increased distribution is expected to commence with the first-quarter distribution payable in April 2026. According to the company, the Board adopted the new annual distribution policy but will approve each quarterly amount when declared.

How much did Sun Communities (SUI) raise its quarterly distribution and what is the percentage increase?

Sun Communities raised the quarterly distribution by $0.08 to $1.12, an increase of approximately 8%. According to the company, that equals an annualized distribution of $4.48 per common share and unit.

Does Sun Communities (SUI) guarantee the new quarterly distribution each quarter?

No, the Company did not guarantee each quarter's payment; amounts remain subject to Board approval each quarter. According to the company, the Board adopted the new annual distribution policy but will declare quarterly payments going forward.

What is the new annualized distribution for Sun Communities (SUI) after the February 17, 2026 increase?

The new annualized distribution is $4.48 per common share and unit. According to the company, this figure derives from the quarterly rate of $1.12 expected to begin with the April 2026 distribution payment.