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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.

Rhea-AI Summary
Sun Communities reports strong Q3 2023 results with net earnings per diluted share of $1.31. Core FFO per share exceeds guidance range. Total same property NOI grows by 6.7%. Revises full-year guidance for 2023 and establishes preliminary guidance for 2024 rental rate increases.
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Sun Communities, Inc. initiates divestment of approximately 10.25% holding in Ingenia Communities Group.
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Sun Communities, Inc. will release Q3 2023 operating results on October 25, 2023. Conference call to discuss results on October 26, 2023. Replay available until November 9, 2023.
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Sun Communities, Inc. to present at Bank of America's Global Real Estate Conference
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Sun Communities, Inc. (NYSE: SUI) has declared a quarterly distribution of $0.93 per share of common stock for Q3 2023. The distribution will be payable on October 16, 2023, to shareholders of record on September 29, 2023.
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Sun Communities reports Q2 2023 results with net earnings per diluted share of $0.72, a 18% YoY increase. Same Property NOI grew by 6.3% and 6.5% for the quarter and year-to-date. Full-year Core FFO per Share guidance for 2023 revised to $7.09-$7.23.
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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.

Sun Communities, Inc

NYSE:SUI

SUI Rankings

SUI Stock Data

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