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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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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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

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The Safest Dividend Is The One That's Just Been Raised

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Lesson Learned: Stay In Your Circle Of Competence

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Risks Are Real And REITs Are A Steal (How We Play The Sector)

Southfield, MI, Sept. 11, 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 that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at Bank of America's 2023 Global Real Estate Conference in New York City, New York on Wednesday, September 13, 2023, at 12:40 p.m. Eastern Time.

Sun Communities, Inc. to Present at Bank of America's 2023 Global Real Estate Conference

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Bank of America picks 14 small cap stocks with untapped upside potential

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Following nine straight years of outperformance over the REIT Index, Manufactured Housing REITs have uncharacteristically stumbled over the past year, pressured in the direct and secondary effects of higher interest rates. Interest rate-related risks have been compounded by concerns over "climate risk" exposure and the effects of a post-COVID demand normalization in the recreational vehicle and marina business segments. Domestically, fundamentals within these REITs' core manufactured housing segment are as strong as ever. Propelled by COLA effects, rent growth has accelerated this year even as broader residential rents have moderated.

Manufactured Housing: The Sun Will Rise Again

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The author has been investing in residential REITs and recently purchased shares of Mid-American and Camden. The author sees Sun Communities as a great long-term potential holding due to its strong performance, attractive rental mix, and international diversification. The company's recent financial results and growth projections support the author's belief in its potential and justify its current valuation.

Sun Communities: A 'Buy" For The First Time In Almost A Year

Southfield, Aug. 17, 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 third quarter of 2023. The distribution is payable on October 16, 2023 to shareholders of record on September 29, 2023.

Sun Communities, Inc. Declares Third Quarter 2023 Distribution

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Sun Communities (SUI) came out with quarterly funds from operations (FFO) of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to FFO of $2.02 per share a year ago.

Sun Communities (SUI) Tops Q2 FFO and Revenue Estimates

A few years ago, mom retired from real estate and she's now itching to get back in the game. Recently she told me that she was ready to load up on REITs, recognizing that shares for many high-quality companies are on sale. My mother has no interest in speculative stocks, she's the poster child for sleeping well at night.

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Equity LifeStyle Properties and Sun Communities are similar lifestyle-oriented REITs that have generally traded in-line with one another. In recent periods, however, the performance gap between the two has diverged more notably. While each have their strengths, the overall portfolio metrics and the sector outlook remain largely the same.

Equity LifeStyle And Sun Communities: Similar, But One Is A Buy

News for Sun Communities Stock (SUI)