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 Q4 2020

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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.

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Essential Properties Realty Trust Inc

I recommend reading the book "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko, published in 1996. The book emphasizes the importance of living below your means and adopting a lifestyle of hard work, perseverance, and self-discipline to accumulate wealth. In this article, I'm recommending two REITs that I will be including in my "millionaire maker" portfolio.

2 REITs For 'The Millionaire Next Door'

Southfield, MI, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company” and “Sun”) announced today that Jerry Ehlinger and Craig A. Leupold have joined the Company's Board of Directors (the “Board”), effective immediately.

Sun Communities, Inc. Appoints Jerry Ehlinger and Craig Leupold to Board of Directors

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The NFL playoffs are down to the final four teams: Kansas City and Baltimore in the AFC and Detroit and San Francisco in the NFC. That's got me thinking about Super Bowl stocks.

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Southfield, MI, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) ("Sun" or 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 and marinas (collectively, the "properties"), today provided an update on the following recent activities:

Sun Communities, Inc. Provides Update on Recent Activities

Southfield, MI, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2023 common share distributions.

Sun Communities, Inc. Announces Tax Treatment of 2023 Distributions

Southfield, MI, Jan. 04, 2024 (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 and recreational vehicle communities and marinas, today announced that its operating partnership, Sun Communities Operating Limited Partnership (the "Operating Partnership"), has priced a public offering of $500 million aggregate principal amount of 5.500% senior notes due 2029 (the “Notes”). The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company. The offering is expected to close on or about January 11, 2024, subject to customary closing conditions.

Sun Communities, Inc. Prices $500 Million of Senior Notes

Southfield, MI, Jan. 03, 2024 (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 and recreational vehicle communities and marinas (collectively, the "properties"), announces it will release fourth quarter 2023 operating results after the market closes on Tuesday, February 20, 2024. The Company will host a conference call to discuss these results on Wednesday, February 21, 2024, at 11:00 A.M. ET.

Sun Communities, Inc. Announces Dates for Fourth Quarter 2023 Earnings Release and Conference Call

Sun Communities is a residential REIT with a track record of operational excellence and a diversified portfolio of properties. The company has strong demand and positive trends in its manufactured housing, RV communities, and marinas. Despite a low dividend yield, Sun Communities is undervalued and has a potential upside, making it a good investment opportunity.

Sun Communities: Reversal Has Come

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REITWorld conference in Los Angeles featured 29 meetings, including exclusive sessions with REIT CEOs and CFOs, and property tours. Common themes discussed included cautious optimism on 2024 fundamentals, distressed opportunities, and challenges in the market. Actionable ideas and key takeaways were gathered from the meetings, covering various sectors such as shopping centers, healthcare, multifamily, self-storage, industrial, office, and life science.

Property Type Round-Up From REITWorld

Southfield, MI, Dec. 01, 2023 (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 and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.93 per share of common stock for the fourth quarter of 2023. The distribution is payable on January 16, 2024 to shareholders of record on December 29, 2023.

Sun Communities, Inc. Declares Fourth Quarter 2023 Distribution

Prologis

Extra Space Storage's larger scale could open up new doors to expand. Sun Communities' strategy of investing in less popular properties should continue paying dividends.

Is It Too Late to Buy These 3 Brilliant Passive Income Stocks?

Sun Communities is a top-tier REIT that specializes in manufactured housing, RV communities, and marinas. The company benefits from affordability challenges and anti-cyclical revenues. Sun Communities has strong financials, consistent growth, and a reliable dividend yield, making it an attractive investment opportunity.

Safety, Growth And Income - Sun Communities Is A Top-Tier REIT

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There are lots of capital recycling opportunities in the market right now. We highlight two REITs that we would sell. And simultaneously, we look at two better alternatives.

2 REITs To Sell & 2 REITs To Buy

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Inflation appears to be cooling; it came in lower than what was expected by many economists. This lifts the chances of the Federal Reserve curbing its recent habit of raising key interest rates.

Why REITs Like Realty Income and American Tower Blasted Higher Today

Sun Communities owns and operates manufactured home, RV, and marina communities. The REIT has been enjoying high operational growth, has low leverage, and high liquidity. Though it also provides us with a consistent dividend payment and growth record, the yield is too low to be attractive.

Sun Communities: Attractive Growth, But Valuation Creates A Risk

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The gap between owning and renting a home is at its widest since 1996, with home prices surging and making it difficult for renters to save for a down payment. Despite rising interest rates, stability in the housing market is maintained due to the disparity between prevailing and locked-in mortgage rates. Sun Communities and Camden Property Trust are highlighted as top-tier REITs that offer stable income and growth potential in the current real estate landscape.

My Oh My, 2 Strong Buys: Residential REITs That Help Me Sleep Well At Night

Sun Communities, Inc. (NYSE:SUI ) Q3 2023 Earnings Conference Call October 26, 2023 2:00 PM ET Company Participants Gary Shiffman - Chairman, President and CEO Fernando Castro-Caratini - Chief Financial Officer Conference Call Participants Samir Khanal - Evercore Wes Golladay - Robert W. Baird John Pawlowski - Green Street Brad Heffern - RBC Capital Markets Nick Joseph - Citi Keegan Carl - Wolfe Research Josh Dennerlein - Bank of America Michael Goldsmith - UBS John Kim - BMO Capital Markets James Feldman - Wells Fargo Anthony Powell - Barclays Anthony Hau - Truist Securities Steve Sakwa - Evercore ISI Eric Wolfe - Citi Operator Good afternoon, ladies and gentlemen, and thank you for standing by.

Sun Communities, Inc. (SUI) Q3 2023 Earnings Call Transcript

In the REIT's third quarter, revenue well exceeded analyst expectations. Neither profitability nor funds from operations changed meaningfully on a year-over-year basis.

Why Sun Communities Stock Was a Light in the Darkness Today

Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $2.57 per share, beating the Zacks Consensus Estimate of $2.47 per share. This compares to FFO of $2.65 per share a year ago.

Sun Communities (SUI) Beats Q3 FFO and Revenue Estimates

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2 REITs That Could Be Takeover Targets

Sun Communities' shares have fallen 24% in the past six months due to concerns over its recently acquired UK business. However, the company's core US mobile home/RV/marina business has favorable long-term dynamics, including limited supply growth and increasing demand for affordable housing. Sun Communities trades at a compelling valuation compared to its closest competitor, and there is potential for the stock to re-rate in the future.

Sun Communities: UK Woes Present Opportunity For Long-Term Investors

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U.S. equity markets remained turbulent while benchmark interest rates retreated as investors weighed shocking geopolitical developments in the Middle East against inflation data showing an energy-driven reacceleration in price pressures. Posting a second week of modest gains following a four-week skid, the S&P 500 advanced 0.5%, but gains remained "top-heavy." The Mid-Cap 400 and Small-Cap 600 each posted weekly declines.

Different World, Same Problems

Pursuing opportunistic capital recycling while retaining the Sungenia joint venture, reflecting confidence in the strong Sun-Ingenia relationship and the long-term growth potential of manufactured housing in Australia. Pursuing opportunistic capital recycling while retaining the Sungenia joint venture, reflecting confidence in the strong Sun-Ingenia relationship and the long-term growth potential of manufactured housing in Australia.

SUN COMMUNITIES, INC. ANNOUNCES PLANNED DISPOSITION OF STAKE IN INGENIA

Southfield, MI, Sept. 25, 2023 (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 and recreational vehicle communities and marinas (collectively, the "properties"), announces it will release third quarter 2023 operating results after the market closes on Wednesday, October 25, 2023. The Company will host a conference call to discuss these results on Thursday, October 26, 2023, at 2:00 P.M. ET.

Sun Communities, Inc. Announces Dates for Third Quarter 2023 Earnings Release and Conference Call

News for Sun Communities Stock (SUI)