Sun Communities, Inc - SUI STOCK NEWS

Sun Communities (NYSE:SUI) announced a quarterly dividend of $0.88 per share for Q1 2022. This distribution is payable on April 15, 2022, to shareholders on record as of March 31, 2022. As of December 31, 2021, Sun Communities owns or operates 602 properties, which include manufactured housing communities, RV resorts, and marinas across 39 states, Canada, and Puerto Rico, with over 159,000 developed sites and over 45,000 storage spaces.

Sun Communities, Inc. (NYSE:SUI), a real estate investment trust, announced that Chairman and CEO Gary A. Shiffman will present at the 2022 Citi Global Property CEO Conference on March 8, 2022, at 2:00 PM EST. The event will take place in Hollywood, Florida. Investors can listen to the live audio-webcast in the Events Calendar on the Company's website, with a replay available for 90 days. As of December 31, 2021, Sun Communities owned or operated 602 properties, comprising over 159,000 sites and 45,000 wet slips and dry storage spaces across 39 states, Canada, and Puerto Rico.

Sun Communities, Inc. (NYSE: SUI) reported strong Q4 2021 results with total revenues up 41.2% to $542.4 million and net income attributable to common stockholders increasing by 69.1% to $12.8 million. For the full year, revenues rose 62.5% to $2.3 billion, while net income surged 188.8% to $380.2 million. Core FFO for Q4 stood at $1.31 per share, a 12.9% increase year-over-year. The company also acquired properties worth $385.4 million and announced the planned acquisition of Park Holidays UK for approximately $1.3 billion, expected to close in March 2022.

Sun Communities, Inc. (NYSE:SUI) announced a 6.0% increase in its annual distribution rate, raising it from $3.32 to $3.52 per common share for 2022. This change will take effect with the first quarter distribution in April 2022. As of September 30, 2021, the company managed 584 properties, totaling nearly 155,900 developed sites across the U.S., Canada, and Puerto Rico. The Board of Directors will approve each quarterly distribution amount.

Sun Communities, Inc. (NYSE:SUI) announced the tax treatment of its 2021 common share distributions. The total capital gain distribution for 2021 was $3.280 per share, out of which $2.311487 was classified as ordinary taxable dividends. Shareholders received $0.790 per share on January 15, 2021, followed by distributions of $0.830 on April 15, July 15, and October 15, totaling $3.280. Investors are advised to consult tax advisors regarding the specific tax treatment for these distributions.

As of September 30, 2021, SUI owned or operated 584 properties with nearly 155,900 developed sites.

Sun Communities, Inc. (NYSE:SUI) has announced its fourth quarter 2021 earnings release date, scheduled for February 21, 2022, after market close. A conference call to discuss the results will take place on February 22, 2022, at 11:00 A.M. ET. The company, as of September 30, 2021, manages a portfolio of 584 properties, encompassing nearly 155,900 sites and 44,900 wet slips and dry storage spaces across 38 states, Canada, and Puerto Rico.

Sun Communities, Inc. (NYSE:SUI), a REIT specializing in manufactured housing communities, RV resorts, and marinas, has declared a quarterly dividend of $0.83 per share for Q4 2021. This distribution will be payable on January 18, 2022, to shareholders recorded by December 31, 2021. As of September 30, 2021, the Company managed a portfolio of 584 properties across 38 states, Canada, and Puerto Rico, offering about 155,900 sites.

SVN Marinas has successfully advised the owners of Emerald Coast Marine Group on the sale of their marina in Niceville, Florida, to Safe Harbor Marinas, a subsidiary of Sun Communities (NYSE: SUI). Although the sale price remains undisclosed, the facility is noted as one of the largest and most diversified marinas in the Florida Panhandle. The marina features hurricane-rated indoor storage for 280 boats and 70 wet slips, alongside a leading regional boat dealership. This transaction highlights the expertise of SVN Marinas in complex marine business dealings.

On November 16, 2021, Sun RV Resorts announced a rebranding to Sun Outdoors, reflecting a shift towards outdoor travel experiences. This rebrand includes launching a new integrated website and a mobile app to enhance guest planning and booking. With over 175 resorts in the U.S. and Canada, Sun Outdoors offers varied accommodation types, including vacation and glamping options. The initiative aligns with growing traveler preferences for unique outdoor experiences, supported by partnerships with outdoor organizations and content creation for social media engagement.