Sun Communities, Inc. Declares Second Quarter 2022 Distribution

Rhea-AI Summary

Sun Communities, Inc. (SUI) declared a quarterly distribution of $0.88 per share for Q2 2022, payable on July 15, 2022. This follows the company’s ongoing commitment to shareholder returns. As of March 31, 2022, Sun Communities owned and operated a portfolio of 603 properties across the U.S., Canada, Puerto Rico, and the UK, comprising approximately 159,300 developed sites and over 45,700 wet slips and dry storage spaces. This announcement underscores the company's solid financial strategy and growth in the manufactured housing and recreational vehicle market.

Positive

• Quarterly distribution of $0.88 per share signifies strong cash flow and shareholder return.
• Portfolio consists of 603 properties, indicating diverse geographic and operational reach.

Negative

• None.

Southfield, MI, June 01, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the second quarter of 2022. The distribution is payable July 15, 2022 to shareholders of record on June 30, 2022.

About Sun Communities, Inc.

Sun Communities, Inc. is a REIT that, as of March 31, 2022, owned, operated, or had an interest in a portfolio of 603 developed MH, RV and marina properties comprising nearly 159,300 developed sites and over 45,700 wet slips and dry storage spaces in 39 states, Canada, Puerto Rico and the UK.

For Further Information at the Company:

Fernando Castro-Caratini
Chief Financial Officer
(248) 208-2500
www.suncommunities.com

FAQ

What is the quarterly distribution declared by Sun Communities (SUI) for Q2 2022?

Sun Communities declared a quarterly distribution of $0.88 per share for the second quarter of 2022.

When will the distribution for SUI be paid to shareholders?

The distribution will be paid on July 15, 2022, to shareholders of record on June 30, 2022.

How many properties does Sun Communities (SUI) operate?

As of March 31, 2022, Sun Communities operates a portfolio of 603 properties.

What types of properties does Sun Communities (SUI) manage?

Sun Communities manages manufactured housing communities, recreational vehicle resorts, and marinas.

In which regions does Sun Communities (SUI) have its properties?

Sun Communities has properties in 39 states, Canada, Puerto Rico, and the UK.