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.

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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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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

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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

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

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

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News for Sun Communities Stock (SUI)