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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Prologis

Vici Properties

Let's dive into three highly-ranked REITs we found with our Zacks Stock Screener that dividend investors might want to buy heading into 2020.

3 Top-Ranked REITs for Dividend Investors to Buy for 2020

Southfield, MI, Dec.  16, 2019  (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, today announced that it has converted all outstanding shares of its 6.50% Series A-4 Cumulative Convertible Preferred Stock and all outstanding Series A-4 Preferred Units issued by its operating subsidiary, Sun Communities Operating Limited Partnership, into common stock and common OP units. On December 13, 2019, 1,031,747 shares of Series A-4 preferred stock were converted into 458,554 shares of common stock and 405,656 Series A-4 preferred OP units were converted into 180,291 common OP units.

Sun Communities, Inc. Announces Conversion of all Series A-4 Securities

Equity Residential

Essex Property Trust

Encouraging Near-Term Outlook for Residential REIT Stocks

Equity LifeStyle Properties

10,000 baby boomers retire every day. But retirement won’t mean endless rounds of golf or trips to Tuscany for a lot of these folks, who are now 55–75 years old.

Why You Should Buy Trailer Park Stocks

Southfield, MI, Nov.  27, 2019  (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, today announced its Board of Directors declared a quarterly distribution of $0.75 per share of common stock for the fourth quarter of 2019. The distribution is payable January 15, 2020 to shareholders of record on December 31, 2019. 

Sun Communities, Inc. Declares Fourth Quarter 2019 Dividend

Equinix

Welltower

Real estate stocks are a historically good hedge against volatility. These three companies to invest in offer growth and a nice dividend.

3 Real Estate Companies to Invest in Now

Crown Castle International

CyrusOne

Digital Realty Trust

Essential Properties Realty Trust Inc

Landmark Infrastructure Partners

QTS Realty Trust

REITs have hit the ball out of the park this year, even outperforming the S&P 500.

Just Another Day in REIT Paradise

Southfield, MI, Oct.  30, 2019  (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, today announced the closing of its previously-announced acquisition of Jensen’s, Inc. (“Jensen”). The Jensen portfolio includes 31 manufactured housing communities located in eight states comprising 5,230 developed sites and over 460 additional expansion sites available for development.

Sun Communities, Inc. Closes Acquisition of Jensen Portfolio

Sun Communities' (SUI) CEO Gary Shiffman on Q3 2019 Results - Earnings Call Transcript

CBL & Associates Properties

GEO Group

Global Medical REIT

Global Net Lease

Iron Mountain

iShares U.S. Real Estate ETF

Macerich

Medical Properties Trust

Pennsylvania Real Estate Investment Trust

RLJ Lodging Trust

SL Green Realty

STAG Industrial

Uniti Group

Washington Prime Group

2CHYP's 8.4% dividend yield is supported by high cash flow yields.

Our High Yield REIT Portfolio

Sun Communities has a clear path to sustain the NOI and FFO growth pace in the years to come.

Sun Communities: Solid Fundamentals, But Trading At Elevated Multiples

Southfield, MI, Aug.  28, 2019  (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, today announced its Board of Directors declared a quarterly distribution of $0.75 per share of common stock for the third quarter of 2019. The distribution is payable October 15, 2019 to shareholders of record on September 30, 2019. 

Sun Communities, Inc. Declares Third Quarter 2019 Dividends

Pres & COO of Sun Communities Inc (30-Year Financial, Insider Trades) John Bandini Mclaren (insider trades) sold 7,410 shares of SUI on 08/26/2019 at an average price of $146.74 a share.

Sun Communities Inc (SUI) Pres & COO John Bandini Mclaren Sold $1.1 million of Shares

Sun Communities (SUI) is set to merger Jensen's, as a subsidiary of the company, through which it will acquire a 31-community manufactured housing property portfolio for $343.6 million.

Sun Communities to Buy Jensen's Manufactured Housing Assets

High Quality Portfolio in Attractive Markets with Expansion Opportunities High Quality Portfolio in Attractive Markets with Expansion Opportunities

Sun Communities, Inc. to Acquire 31-Community Manufactured Housing Portfolio

The company reported very strong numbers across the board. All the keys to success showed that SUI is continuing to deliver.

SUI Stock on the Rise After Solid Earnings

Sun Communities' (SUI) CEO Gary Shiffman on Q2 2019 Results - Earnings Call Transcript

Sun Communities (SUI) delivered FFO and revenue surprises of 4.42% and 5.35%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Sun Communities (SUI) Q2 FFO and Revenues Surpass Estimates

Many Americans have low retirement funds.

Retirement Help, Before And After, With Sun Communities Inc.

Allegion

Eversource Energy

Hartford Financial Services Group

Red Hat

According to GuruFocus list of 52-week highs , these Guru stocks have reached their 52-Week Highs.

5 Companies Reach Yearly Highs (June 26)

Independence Realty Trust

UMH Properties

If more people buy homes, then rental rate growth will likely slow, which could have an impact on residential REITs.

Increase In Housing Starts Might Signal Headwinds For Residential REITs

Sun Communities (SUI) CEO Gary Shiffman on Q1 2019 Results - Earnings Call Transcript

While the “silver tsunami” is a clear catalyst for many health care REITs, there are other property sectors that are better-positioned to capitalize on the demographic wave.

News for Sun Communities Stock (SUI)