Sun Communities

Sun Communities, Inc. provides real estate management services. The firm operates through the following segments: Manufactured Home Communities, Recreational Vehicle, and Marina. The Manufactured Home Communities segment owns, operates, and develops manufactured housing communities and is in the business of acquiring, operating, and developing ground up communities to provide housing solutions. The Recreational Vehicle segment focuses on the development of recreational vehicle resorts and is in the business of acquiring, operating and developing ground up resorts throughout the U.S. and in Ontario, Canada. The Marina segment operates marinas and is in the business of acquiring and operating marinas throughout the U.S. The company was founded in 1975 and is headquartered in Southfield, MI.

Earnings data Q1 2021

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Earnings data Q4 2024

Sun Communities reports record revenue gains and optimistic outlook for 2023

Sun Communities showcased robust financial results, strategic growth initiatives, and a commitment to sustainability. Analyst inquiries focused on cost management, revenue sustainability, and growth strategies. The company's outlook for 2023 remains optimistic, emphasizing long-term stability and growth potential.

Sun Communities exceeds Q1 guidance, eyes growth amid challenges

Sun Communities demonstrated strong financial performance and operational growth in Q1 2023, driven by key segments like manufactured housing and RVs.
While facing challenges such as lowered UK operations' NOI range and currency impacts, Sun remains optimistic about its long-term growth prospects.
The company's strategic initiatives, focus on sustainability, and expansion plans position it well to capitalize on growth opportunities in the market.
Overall, Sun's stable financial outlook, commitment to ESG, and selective growth strategy underline its resilience and potential for future success.

Sun Communities reports strong Q2 results, eyes growth opportunities

Sun Communities delivered solid operational performance in Q2, with a focus on optimizing its portfolio and enhancing returns. Despite challenges in the U.K. home sales business, the company remains well-positioned for growth through strategic initiatives and expansion opportunities.

Sun Communities (SUI) surpasses Q3 expectations, eyes growth opportunities

Sun Communities delivered a strong Q3 performance, exceeding expectations in core FFO and same-property NOI growth. Despite facing challenges from the macro environment and property sales issues, the company remains optimistic about future growth. Sun's focus on operational efficiency, strategic changes, and transparent financial practices position it well for continued success.

Sun Communities reports strong earnings, focuses on value creation

Sun Communities delivered solid financial performance with core FFO meeting expectations and robust same-property NOI growth.
The company is strategically focusing on capital recycling initiatives and enhancing shareholder value through increased distributions.
Challenges include noncash impairments impacting financials and market data limitations for assessing Holiday Parks transactions.
Opportunities lie in capital recycling strategies, value creation initiatives, and operational efficiency improvements for future growth.

Sun Communities excels in Q1 results amidst challenges and opportunities

Sun Communities' Q1 performance reflects strong revenue growth and strategic financial management, positioning the company for long-term success.
While facing challenges in consumer demand and revenue declines, Sun Communities remains focused on operational efficiency and financial stability.
Opportunities for growth through marketing initiatives, deleveraging strategies, and operational enhancements underscore a positive outlook for the company.
Management's proactive approach to guidance adjustments and strategic planning demonstrate adaptability and commitment to shareholder value.

Sun Communities reports solid Q2 earnings, focuses on strategic growth

Sun Communities' Q2 performance showcased strength in Manufactured Housing and Marina segments, with strategic initiatives driving revenue growth. Challenges in the RV segment and ongoing efforts on debt reduction were noted. The company's focus on long-term growth through asset recycling and revenue optimization remains key.

Sun Communities disappoints in Q3, plans strategic repositioning for growth

Sun Communities (SUI) faces challenges in transient RV and marina segments but shows strengths in cost-saving initiatives and asset sales.
Repositioning efforts and CEO succession plans signal a strategic shift for future growth.
Opportunities lie in reducing transient exposure, increasing income streams, and refreshing the board.
Financial performance remains stable with a focus on expense management and operational efficiency.

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Southfield, MI, Dec. 01, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced the dates for its fourth quarter 2021 earnings release and conference call.

Sun Communities, Inc. Announces Dates for Fourth Quarter 2021 Earnings Release and Conference Call

Southfield, MI, Dec. 01, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.83 per share of common stock for the fourth quarter of 2021. The distribution is payable January 18, 2022 to shareholders of record on December 31, 2021.

Sun Communities, Inc. Declares Fourth Quarter 2021 Dividends

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NICEVILLE, Fla., Nov. 18, 2021 /PRNewswire/ -- SVN Marinas is pleased to announce it has advised the owners of Emerald Coast Marine Group on the sale of the marina, located in Niceville, FL to Safe Harbor Marinas, a wholly owned subsidiary of publicly listed Sun Communities, Inc. (NYSE: SUI).

SVN Marinas advises on the sale of Emerald Coast Marine Center to Safe Harbor Marinas

Southfield, MI, Nov. 15, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced that it has commenced an underwritten public offering of 2,750,000 shares of its common stock in connection with the forward sale agreement described below. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 412,500 shares of its common stock.

Sun Communities, Inc. Commences Public Offering of 2,750,000 Shares of Common Stock

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Sun Communities, Inc. (SUI) CEO Gary Shiffman on Q3 2021 Results - Earnings Call Transcript

Southfield, MI, Oct. 25, 2021 (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") communities, recreational vehicle ("RV") resorts and marinas, (collectively, the "properties"), today reported its third quarter results for 2021.

Sun Communities, Inc. Reports 2021 Third Quarter Results

Aaron Weiss Joins Management Team Aaron Weiss Joins Management Team

Sun Communities Enhances Leadership Team With EVP of Corporate Strategy and Business Development

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Sun Communities Is A High-Quality REIT

Southfield, MI, Sept. 01, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced the dates for its third quarter 2021 earnings release and conference call.

Sun Communities, Inc. Announces Dates for Third Quarter 2021 Earnings Release and Conference Call

Southfield, MI, Sept. 01, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.83 per share of common stock for the third quarter of 2021. The distribution is payable October 15, 2021 to shareholders of record on September 30, 2021.

Sun Communities, Inc. Declares Third Quarter 2021 Dividends

Sun Communities (SUI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Sun Communities (SUI) Upgraded to Strong Buy: Here's What You Should Know

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Sun Communities, Inc. (SUI) CEO Gary Shiffman on Q2 2021 Results - Earnings Call Transcript

Sun Communities, Inc. Reports 2021 Second Quarter Results

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Here's Why Sun Communities (SUI) is a Great Momentum Stock to Buy

Southfield, MI, June 14, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced that it has received investment grade ratings from S&P Global Ratings and Moody's Investor Service. S&P Global Ratings has assigned a BBB issuer rating to the Company with a stable outlook and Moody's Investors Service has assigned a Baa3 issuer rating to the Company with a stable outlook.

Sun Communities, Inc. Receives Investment Grade Ratings from S&P and Moody's

Southfield, MI, June 07, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced that Gary A. Shiffman, Chairman and Chief Executive Officer, will present at Nareit's REITweek 2021 Investor Conference on Tuesday, June 8, 2021, at 3:00 p.m. Eastern Daylight Time.

Sun Communities, Inc. to Present at Nareit's REITweek 2021 Investor Conference

Southfield, MI, June 01, 2021 (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”) communities, recreational vehicle (“RV”) resorts and marinas, today announced the dates for its second quarter 2021 earnings release and conference call.

News for Sun Communities Stock (SUI)