Sun Communities, Inc. Announces Restructuring and CEO Retirement Implementing Comprehensive Restructuring and Cost Cutting Plan Expected to Save $15 - $20 million annually; John McLaren to Return to Company as President; CEO Gary Shiffman to Retire in 2025 Southfield, MI, Nov. 06, 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 (“MH”) and recreational vehicle (“RV”) communities and marinas, today provided the following update: Restructuring an...
Sun Communities Reports Results for the Third Quarter and First Nine Months of 2024 Net Income per Diluted Share of $2.31 for the Quarter Core FFO per Share of $2.34 for the Quarter North America Same Property NOI increased by 0.5% for the Quarter and 3.6% for the First Nine Months of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 98.8% represents a 160 basis point year-over-year increase Revising Full-Year Core FFO per Share Guidance for 2024 to $6.76 - $6.84 Revising Full-Year North ...
Sun Communities, Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call Southfield, MI, Oct. 25, 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 (“MH”) and recreational vehicle (“RV”) communities and marinas, announces it will release third quarter 2024 operating results after the market closes on Wednesday, November 6, 2024. The Company will host a conference call to discuss these results on Wednesday, November 6, 2024, at 5:00 P...
Sun Communities, Inc. Provides Preliminary Assessment of Hurricane Helene Impact Southfield, Oct. 01, 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 (“MH”) and recreational vehicle (“RV”) communities and marinas, did not incur any material building or structure damage as a result of Hurricane Helene. The Company has access to all its properties, and assessments are still in the early stages. Clean-up and restoration efforts are underway at all affecte...
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Sun Communities, Inc. Declares Third Quarter 2024 Distribution Southfield, MI, Sept. 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 (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the third quarter of 2024. The distribution is payable on October 15, 2024 to shareholders of record on September ...
A director at Sun Communities Inc sold 3,000 shares at 131.430USD and the significance rating of the trade was 53/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
Sun Communities Reports Results for the Second Quarter and First Six Months of 2024 Net Income per Diluted Share of $0.42 for the Quarter Core FFO per Share of $1.86 for the Quarter North America Same Property NOI increased by 3.6% for the Quarter and 5.6% for the First Six Months of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 98.7% represents a 150 basis point year-over-year increase Reiterating Full-Year Core FFO per Share Guidance for 2024 of $7.06 - $7.22 Full-Year North America Same Property NOI Gro...
Sun Communities, Inc. Announces Dates for Second Quarter 2024 Earnings Release and Conference Call Southfield, MI, July 01, 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 second quarter 2024 operating results after the market closes on Wednesday, July 31, 2024. The Company will host a conference call to discuss these results on Thursday, August 1,...
Moody's Ratings (Moody's) today affirmed the backed senior unsecured and issuer ratings of Sun Communities Operating Ltd. Partnership ("Sun") at Baa3 and maintained the stable outlook. RATINGS RATIONALE Sun Communities' Baa3 rating reflects its size and scale as the industry leading owner and op...
Sun Communities, Inc. Declares Second Quarter 2024 Distribution Southfield, MI, June 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 (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the second quarter of 2024. The distribution is payable on July 15, 2024 to shareholders of record on June 28, 202...
Sun Communities, Inc. Reports 2024 First Quarter Results Total Revenue Increased by 3.1% Net Loss per Diluted Share of $0.22 Core FFO per Share of $1.19 Total North America Same Property NOI Increased by 7.9% North America Same Property Adjusted Blended Occupancy for MH and RVIncreased by 180 Basis Points, Year-over-Year Revenue Producing Site Gains of 233, Including 176 Transient-to-Annual RV Site Conversions Full-Year Core FFO per Share Guidance for 2024 of $7.06 - $7.22 Guidance Range for Full-Year North America Same Property NOI Growth of 4.6% - 5.8% Southfield,...
Sun Communities, Inc. Releases 2023 ESG Report Southfield, MI, April 04, 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"), announces the release of its 2023 Environmental, Social and Governance (“ESG”) report. “It is with a sense of pride that I reflect on our ESG achievements over the past several years, and I am pleased to share our 2023 ESG r...
Sun Communities, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call Southfield, MI, April 02, 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 first quarter 2024 operating results after the market closes on Monday, April 29, 2024. The Company will host a conference call to discuss these results on Tuesday, April 30, 202...
Sun Communities, Inc. Declares First Quarter 2024 Distribution Southfield, MI, March 01, 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 (“MH”) and recreational vehicle (“RV”) communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the first quarter of 2024. The distribution is payable on April 15, 2024 to shareholders of record on March 29, 2...
Sun Communities, Inc. to Present at the 2024 CITI Global Property CEO Conference Southfield, MI, Feb. 29, 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 Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at the 2024 Citi Global Property CEO Conference in Hollywood, Florida, on Tuesday, March 5, 2024, at 1:30 p.m. Eastern Standard Time. For investo...
Sun Communities, Inc. Reports 2023 Fourth Quarter and Full Year Results; Provides 2024 Guidance and Increases Annual Distribution Rate for 2024 Total Revenue Increased 7.8% and 8.6% for the Quarter and Full Year Net Loss per Diluted Share of $0.65 and $1.72 for the Quarter and Full Year Core FFO per Share of $1.34 and $7.10 for the Quarter and Full Year Total Same Property NOI Increased by 9.6% and 7.3% for the Quarter and Full Year Same Property Adjusted Occupancy for MH and RV Increased by 230 Basis Points, Year-over-Year Revenue Producing Site Gains of 3,268 for the Yea...
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