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Sun Communities, Inc - SUI STOCK NEWS

Welcome to our dedicated page for Sun Communities news (Ticker: SUI), a resource for investors and traders seeking the latest updates and insights on Sun Communities stock.

Sun Communities, Inc. (SUI) is a leading residential Real Estate Investment Trust (REIT) specializing in the ownership and operation of manufactured housing communities, residential vehicle (RV) resorts, and marinas. With a robust portfolio that includes 666 properties across the United States, Sun Communities is dedicated to providing top-notch living experiences in desirable locations.

Founded on the principle of the Golden Rule, Sun Communities prioritizes treating others the way it wishes to be treated. This philosophy extends to its team, which is considered a key asset. The company offers a supportive and rewarding workplace, promoting personal growth and career advancement through comprehensive training programs.

As of recent data, Sun Communities owns 351 manufactured housing communities, 179 RV resorts, and 136 marina properties. Nearly half of these properties are located in prime vacation destinations in Florida and Michigan, near major water bodies. This strategic placement caters to those seeking second homes or vacation properties.

Sun Communities' financial performance remains strong, with significant achievements in property acquisitions and development. The company has garnered numerous accolades, including being ranked as a “Top 100 Workplace” by the Detroit Free Press for six consecutive years. It was also recognized as one of Crain’s “Cool Places to Work” and received the American Heart Association's recognition.

For the latest updates on Sun Communities’ financial status, ongoing projects, and latest news, stakeholders can visit their website or contact Chief Financial Officer Fernando Castro-Caratini. The company continues to push forward with its vision, ensuring a high-quality living experience for its residents while maintaining solid financial health.

News

Sun Communities, Inc. Announces Dates for First Quarter 2024 Earnings Release and Conference Call

Rhea-AI Summary
Sun Communities, Inc. (NYSE: SUI) will release its first quarter 2024 operating results on April 29, 2024. The Company operates manufactured housing and recreational vehicle communities and marinas. A conference call to discuss the results will be held on April 30, 2024, at 2:00 P.M. ET.
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Sun Communities, Inc. Declares First Quarter 2024 Distribution

Rhea-AI Summary
Sun Communities, Inc. (SUI) declares a quarterly distribution of $0.94 per share for Q1 2024, payable on April 15, 2024.
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Sun Communities, Inc. to Present at the 2024 CITI Global Property CEO Conference

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Sun Communities, Inc. (SUI) CEO to present at 2024 Citi Global Property CEO Conference. Investors can access live audio-webcast and replay on the company's website.
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Sun Communities, Inc. Reports 2023 Fourth Quarter and Full Year Results; Provides 2024 Guidance and Increases Annual Distribution Rate for 2024

Rhea-AI Summary
Sun Communities, Inc. (SUI) reported a 7.8% increase in total revenue for the quarter and an 8.6% increase for the full year. Net loss per diluted share was $0.65 for the quarter and $1.72 for the full year. Core FFO per share was $1.34 for the quarter and $7.10 for the full year. Same Property NOI increased by 9.6% and 7.3% for the quarter and full year, with occupancy gains in MH and RV communities. The company set guidance for 2024 with expectations of NOI growth, FFO per share, and an increase in annual distribution.
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Sun Communities, Inc. Appoints Jerry Ehlinger and Craig Leupold to Board of Directors

Rhea-AI Summary
Sun Communities, Inc. (NYSE: SUI) enters into a cooperation agreement with Land & Buildings, appoints new directors to the Board, and establishes a Capital Allocation Committee. The company aims to refresh the Board with experienced individuals to guide future growth and success. Land & Buildings expresses confidence in the Board's ability to maximize shareholder value.
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Sun Communities, Inc. Provides Update on Recent Activities

Rhea-AI Summary
Sun Communities, Inc. provided an update on recent activities, including insurance renewal, home sales in the UK, completion of an administration process related to real estate assets, and a public offering of senior notes. The company expects an increase in insurance-related expenses of 15-20% compared to 2023. Park Holidays completed the sale of over 2,800 homes in 2023, with 74% pre-owned and 26% new homes. Sun completed an administration process related to real estate assets collateralizing a note receivable and a public offering of $500 million aggregate principal amount of 5.50% senior notes due 2029. The company's Full Year and Fourth Quarter 2023 results will be released on February 20, 2024, after markets close.
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Sun Communities, Inc. Announces Tax Treatment of 2023 Distributions

Rhea-AI Summary
Sun Communities, Inc. (SUI) has announced the tax treatment of its 2023 common share distributions. The company declared a total distribution of $3.67 per share, with $2.30 per share as an ordinary taxable dividend and $0.58 per share as a qualified taxable dividend. Shareholders are advised to consult with their tax advisors for specific tax treatment.
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Sun Communities, Inc. Prices $500 Million of Senior Notes

Rhea-AI Summary
Sun Communities, Inc. (NYSE: SUI) announced the pricing of a $500 million public offering of 5.500% senior notes due 2029. The offering price for the Notes was 99.878% of the principal amount, with an effective yield to maturity of 5.528%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company.
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Sun Communities, Inc. Announces Dates for Fourth Quarter 2023 Earnings Release and Conference Call

Rhea-AI Summary
Sun Communities, Inc. (NYSE: SUI) will release its fourth quarter 2023 operating results on February 20, 2024, followed by a conference call on February 21, 2024. The company is a real estate investment trust that owns and operates manufactured housing, recreational vehicle communities, and marinas. Investors can participate in the conference call by dialing in or accessing the live webcast on the company's website.
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Sun Communities, Inc. Declares Fourth Quarter 2023 Distribution

Rhea-AI Summary
Sun Communities, Inc. (NYSE: SUI) declares a quarterly distribution of $0.93 per share of common stock for Q4 2023, payable on January 16, 2024, to shareholders of record on December 29, 2023.
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FAQ

What is the current stock price of Sun Communities (SUI)?

The current stock price of Sun Communities (SUI) is $125.16 as of November 15, 2024.

What is the market cap of Sun Communities (SUI)?

The market cap of Sun Communities (SUI) is approximately 15.9B.

What does Sun Communities, Inc. specialize in?

Sun Communities, Inc. specializes in owning and operating manufactured housing communities, RV resorts, and marinas.

How many properties does Sun Communities own?

Sun Communities owns a total of 666 properties, including 351 manufactured housing communities, 179 RV resorts, and 136 marina properties.

Where are most of Sun Communities' properties located?

Nearly 50% of Sun Communities' properties are located in Florida and Michigan, near major bodies of water.

What is Sun Communities' corporate philosophy?

Sun Communities follows the Golden Rule, treating others the way they want to be treated, and prioritizes a supportive workplace culture.

How does Sun Communities support employee growth?

Sun Communities supports employee growth through formal training programs, on-the-job training, and customized development plans.

What awards has Sun Communities received?

Sun Communities has been ranked as a “Top 100 Workplace” by the Detroit Free Press for six consecutive years and recognized by Crain’s and the American Heart Association.

How can I get the latest updates about Sun Communities?

For the latest updates, visit the Sun Communities website or contact their Chief Financial Officer, Fernando Castro-Caratini.

What types of communities does Sun Communities offer?

Sun Communities offers manufactured housing communities, RV resorts, and marina properties.

Who is the Chief Financial Officer of Sun Communities?

The Chief Financial Officer of Sun Communities is Fernando Castro-Caratini.

What is the primary focus of Sun Communities' property locations?

Sun Communities primarily focuses on locations that are desirable as second homes or vacation properties.

Stock SUI logo
Sun Communities, Inc

NYSE:SUI

SUI Rankings

#642 Ranked by Market Cap
#1038 Ranked by Dividends

SUI Stock Data

15.92B
127.39M
1.47%
95.5%
1.13%
REIT - Residential
Real Estate Investment Trusts
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United States of America
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