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, Inc. (NYSE:SUI), a leading real estate investment trust specializing in manufactured housing and recreational vehicle resorts, has announced its second quarter 2021 earnings release date. The results will be made public on July 26, 2021, after market close, followed by a conference call on July 27, 2021, at 11:00 A.M. ET. As of March 31, 2021, Sun Communities managed a portfolio of 562 developed properties across 39 states and Ontario, Canada, highlighting its expansive operational reach in the real estate sector.
Sun Communities, Inc. (NYSE:SUI) declared a quarterly distribution of $0.83 per share for Q2 2021. This payout is set for July 15, 2021, to shareholders on record by June 30, 2021. As of March 31, 2021, Sun Communities operates a diverse portfolio of 562 properties in 39 states and Ontario, Canada, totaling over 151,600 developed sites and nearly 38,800 marina spaces. This distribution reflects the company’s ongoing commitment to providing returns to its shareholders.
Sun Communities reported strong Q1 2021 results, with total revenues rising by 42.4% to $442 million, compared to $310.3 million in Q1 2020. Net income reached $24.8 million, a turnaround from a net loss of $16.1 million in the previous year. Core Funds from Operations (Core FFO) increased by 3.3% to $1.26 per diluted share. Same Community Net Operating Income (NOI) rose by 2.7%, while occupancy improved to 97.3%. The company successfully acquired over $183 million in assets, and has raised its earnings guidance reflecting market confidence.
Sun Communities, Inc. (NYSE:SUI), a real estate investment trust, announced its first quarter 2021 earnings release on April 26, 2021, after market close. A conference call to discuss the results will take place on April 27, 2021, at 11:00 A.M. ET. Investors can participate by dialing in or joining via the company's website. As of December 31, 2020, Sun Communities owned or had an interest in 552 properties, with over 188,000 developed sites across 39 states and Ontario, Canada.
Sun Communities, Inc. (NYSE:SUI) declared a quarterly cash distribution of $0.83 per share for Q1 2021, payable on April 15, 2021. This decision reflects the company’s ongoing commitment to reward its shareholders and strong performance within its portfolio of manufactured housing communities, RV resorts, and marinas. As of December 31, 2020, Sun Communities owned interests in 552 properties across 39 states and Ontario, Canada, comprising over 188,000 sites.
Sun Communities (NYSE:SUI) announced a public offering of 7 million shares of common stock at $140 each. This includes 4 million shares from the company and 3 million through a forward sale agreement with Citibank. Intended uses for the proceeds include repayment of loans and potential property acquisitions. A 30-day option for underwriters to purchase an additional 1.05 million shares is also granted. The offering is scheduled to close on March 9, 2021. As of December 31, 2020, Sun Communities owned 552 properties with over 188,000 sites across 39 states and Canada.
Sun Communities (SUI) has initiated a public offering of 7,000,000 shares of its common stock, comprising 4,000,000 shares directly from the company and 3,000,000 shares via a forward sale agreement with Citibank. The underwriters may purchase an additional 1,050,000 shares. The raise aims to repay borrowings under a revolving loan and to fund future property acquisitions. The company currently owns interests in over 188,000 sites across 39 states and Ontario, Canada.
Sun Communities, Inc. (NYSE: SUI) reported strong Q4 2020 results, with total revenues rising by 27.3% to $384.3 million and net income of $7.6 million. For the full year, revenues increased to $1.4 billion, a 10.6% rise. Core Funds from Operations per share grew by 5.5% in Q4 and 3.5% for the year. The company acquired $3.0 billion in properties, boosting occupancy to 97.3%. Despite some increases in operational expenses, same community net operating income grew by 2.1% in Q4. A dividend increase of 5.1% was also announced for 2021, reflecting strong financial performance.
Sun Communities, Inc. (NYSE:SUI) has appointed Ms. Tonya Allen as an independent director on its Board, effective February 11, 2021. Ms. Allen brings expertise in sustainability and social issues, enhancing the Board's focus on these themes. She has a strong background in community advocacy and philanthropy, having served as President and CEO of The Skillman Foundation and set to lead the McKnight Foundation in March 2021. Her qualifications include degrees in public health, social work, and sociology from the University of Michigan, along with notable fellowships.
Sun Communities, Inc. (NYSE:SUI) announced the tax treatment of its 2020 common share distributions, detailing dividends regarding its common shares.
The notable figures include a total capital gain distribution per share of $3.12, with the ordinary taxable dividend at $2.14. Investors are advised to consult tax advisors for the specific treatment of these distributions.
As of October 30, 2020, Sun Communities owned or had interests in 532 properties comprising about 184,000 developed sites across the U.S. and Canada.
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