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.
Sun Communities (NYSE: SUI), a REIT specializing in manufactured housing, RV communities, and marinas, has declared a quarterly distribution of $0.94 per share for Q2 2024.
The dividend is payable on July 15, 2024, to shareholders recorded on June 28, 2024.
This announcement continues the company's history of consistent distributions, reflecting its stable revenue streams from its diversified property portfolio.
Sun Communities, Inc. reported positive first quarter results for 2024 with a 3.1% increase in total revenue and a net loss per diluted share of $0.22. Core FFO per share was $1.19, and North America same property NOI increased by 7.9%. The company's portfolio occupancy improved, and it provided full-year core FFO per share guidance ranging from $7.06 to $7.22. Sun Communities, Inc. remains focused on sustainable growth and value creation in the long term.
FAQ
What is the current stock price of Sun Communities (SUI)?
What is the market cap of Sun Communities (SUI)?
What does Sun Communities, Inc. specialize in?
How many properties does Sun Communities own?
Where are most of Sun Communities' properties located?
What is Sun Communities' corporate philosophy?
How does Sun Communities support employee growth?
What awards has Sun Communities received?
How can I get the latest updates about Sun Communities?
What types of communities does Sun Communities offer?
Who is the Chief Financial Officer of Sun Communities?
What is the primary focus of Sun Communities' property locations?
