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

Earnings data Q1 2021

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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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Manufactured Housing REITs have emerged over the past decade from relative obscurity into several of the most well-run publicly-traded property owners in the world, but have uncharacteristically stumbled in early-2022. MH REITs are among the most interest-rate-sensitive property sectors, resulting primarily from the remarkable consistency in delivering mid-single-digit rent growth regardless of the macroeconomic environment.

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Fernando Castro-Caratini Promoted to Chief Financial Officer; Karen Dearing Transitioning to Special Projects Role, Overseeing UK Integration and Other Key Initiatives Fernando Castro-Caratini Promoted to Chief Financial Officer; Karen Dearing Transitioning to Special Projects Role, Overseeing UK Integration and Other Key Initiatives

Sun Communities Announces CFO Succession

Southfield, MI, April 08, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the “Company”), today announced the closing of its previously announced acquisition of Park Holidays UK (“Park Holidays”). The Company acquired 40 owned and two managed communities in the UK primarily located in irreplaceable, seaside locations in the south of England.

Sun Communities, Inc. Closes Acquisition of Park Holidays UK

Southfield, MI, April 05, 2022 (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 its operating partnership, Sun Communities Operating Limited Partnership (the "Operating Partnership"), has priced a public offering of $600 million aggregate principal amount of 4.200% senior notes due 2032 (the "Notes"). The public offering price for the Notes was 99.442% of the principal amount for an effective yield to maturity of 4.269%. 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 April 12, 2022, subject to customary closing conditions.

Sun Communities, Inc. Prices $600 Million of Senior Notes

Southfield, MI, March 14, 2022 (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 first quarter 2022 earnings release and conference call.

Sun Communities, Inc. Announces Dates for First Quarter 2022 Earnings Release and Conference Call

Southfield, MI, March 08, 2022 (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 communities, recreational vehicle resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the first quarter of 2022. The distribution is payable April 15, 2022 to shareholders of record on March 31, 2022.

Sun Communities, Inc. Declares First Quarter 2022 Distribution

Southfield, MI, March 08, 2022 (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 announced that Gary A. Shiffman, Chairman and Chief Executive Officer, will present at the 2022 Citi Global Property CEO Conference in Hollywood, Florida on Tuesday, March 8, 2022, at 2:00 p.m. Eastern Standard Time.

SUN COMMUNITIES, INC. TO PRESENT AT THE 2022 CITI GLOBAL PROPERTY CEO CONFERENCE

Sun Communities is down 14%, making it a great time to pick up shares in this high-quality residential REIT.

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Sun Communities, Inc.'s (SUI) CEO Gary Shiffman on Q4 2021 Results - Earnings Call Transcript

Southfield, MI, Feb. 21, 2022 (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 fourth quarter results for 2021.

Sun Communities, Inc. Reports 2021 Fourth Quarter Results and 2022 Guidance

Sun Communities savors exploding growth in the RV resort sector. Accretive site expansions help SUI target 10% - 14% IRRs.

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Southfield, MI, Feb. 17, 2022 (GLOBE NEWSWIRE) -- S un 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 its Board of Directors has approved setting the 2022 annual distribution rate at $3.52 per common share, an increase of $0.20, or 6.0 percent, over the current $3.32 per common share for 2021.  This increase will begin with the first quarter distribution to be paid in April 2022.  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.

Sun Communities, Inc. (SUI) Announces Distribution Increase

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Southfield, MI, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2021 common share distributions.

Sun Communities, Inc. Announces Tax Treatment of 2021 Distributions

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Sun Communities recently agreed to acquire Park Holidays.

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News for Sun Communities Stock (SUI)