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Sun Communities Inc (SUI.N)

SUI.N on New York Stock Exchange

107.50USD
14 Dec 2018
Change (% chg)

$0.68 (+0.64%)
Prev Close
$106.82
Open
$106.80
Day's High
$107.65
Day's Low
$106.41
Volume
96,791
Avg. Vol
116,694
52-wk High
$108.84
52-wk Low
$80.12

Latest Key Developments (Source: Significant Developments)

Ingenia Communities Group Names Gary Shiffman As Non-Executive Director
Tuesday, 4 Dec 2018 

Dec 4 (Reuters) - Ingenia Communities Group ::GARY SHIFFMAN, CHAIRMAN AND CHIEF EXECUTIVE OFFICER OF SUN COMMUNITIES APPOINTED AS CO'S AS NON-EXECUTIVE DIRECTOR.  Full Article

Ingenia Communities Group Enters Into Partnership With Sun Communities
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Ingenia Communities Group ::ENTERED INTO A PARTNERSHIP WITH SUN COMMUNITIES.TRANSACTION MARGINALLY ACCRETIVE TO FY19 EARNINGS AND EPS GUIDANCE REAFFIRMED.SUN COMMUNITIES TO ACQUIRE ABOUT 23.2 MLN ORDINARY SECURITIES IN CO FOR ABOUT $74.6 MLN.PLACEMENT PROCEEDS TO BE USED TO FUND ACQUISITION OF 2 ESTABLISHED COMMUNITIES IN SOUTH EAST QUEENSLAND.  Full Article

Sun Communities Makes Strategic Investment in Ingenia Communities Group
Wednesday, 7 Nov 2018 

Nov 6 (Reuters) - Sun Communities Inc< SUI.N>::SUN COMMUNITIES- ANNOUNCED A STRATEGIC INVESTMENT IN INGENIA COMMUNITIES GROUP.SUN COMMUNITIES-SUN WILL INVEST APPROXIMATELY US$54 MILLION FOR A 9.9% OWNERSHIP STAKE IN INGENIA.SUN COMMUNITIES-CO,INGENIA TO ALSO FORM A 50/50 JOINT VENTURE TO ESTABLISH AND GROW A MANUFACTURED HOUSING COMMUNITY DEVELOPMENT PROGRAM IN AUSTRALIA.  Full Article

Reg-Sun Communities Inc Reports 2018 Third Quarter Results
Wednesday, 24 Oct 2018 

Oct 24 (Reuters) - Sun Communities Inc ::REG-SUN COMMUNITIES, INC. REPORTS 2018 THIRD QUARTER RESULTS.Q3 REVENUE ROSE 20.6 PERCENT TO $323.5 MILLION.Q3 EARNINGS PER SHARE $0.56.QUARTERLY CORE FFO PER SHARE $1.35.SEES Q4 CORE FFO PER SHARE $1.01 - $1.04.SEES FY 2018 CORE FFO PER SHARE $4.57 - $4.60.UPDATING FULL YEAR 2018 TOTAL PORTFOLIO GUIDANCE.SAYS ADJUSTING 2018 SAME COMMUNITY NOI GROWTH GUIDANCE RANGE TO 6.75 PERCENT TO 7.0 PERCENT, FROM PRIOR RANGE OF 6.75 PERCENT TO 7.25 PERCENT.  Full Article

Sun Communities Commences Public Offering Of 4,000,000 Shares Of Common Stock
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Sun Communities Inc ::SUN COMMUNITIES, INC. COMMENCES PUBLIC OFFERING OF 4,000,000 SHARES OF COMMON STOCK.SUN COMMUNITIES INC - TO USE PROCEEDS TO REPAY BORROWINGS OUTSTANDING UNDER ITS SENIOR CREDIT FACILITY, GENERAL CORPORATE PURPOSES, OTHERS.  Full Article

Sun Communities Quarterly Core FFO Per Share $1.07
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Sun Communities Inc ::QUARTERLY CORE FFO PER SHARE $1.07.QTRLY SAME COMMUNITY NET OPERATING INCOME INCREASED BY 7.2 PERCENT.DURING QUARTER, CO SOLD 943 HOMES AS COMPARED TO 801 HOMES SOLD DURING SAME PERIOD IN 2017.TOTAL PORTFOLIO OCCUPANCY WAS 96.1 PERCENT AT JUNE 30, 2018 AND JUNE 30, 2017.SEES Q3 2018 CORE FFO PER FULLY DILUTED $1.34 - $1.37.SEES FY 2018 CORE FFO PER FULLY DILUTED SHARE $4.57 - $4.63.AFFIRMS 2018 SAME COMMUNITY NOI GROWTH GUIDANCE FOR THE YEAR OF 6.75 PERCENT TO 7.25 PERCENT.  Full Article

Sun Communities Reports Q2 2018 Results
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Sun Communities Inc ::REG-SUN COMMUNITIES, INC. REPORTS 2018 SECOND QUARTER RESULTS.Q2 REVENUE ROSE 14.1 PERCENT TO $271.4 MILLION.Q2 EARNINGS PER SHARE $0.25.SEES NET INCOME PER FULLY DILUTED SHARE $0.52 - $0.56 IN Q3 2018.SEES CORE FFO PER FULLY DILUTED SHARE $1.34 - $1.37 IN Q3 2018.  Full Article

Sun Communities Inc Q1 Earnings Per Share $0.38
Monday, 23 Apr 2018 

April 23 (Reuters) - Sun Communities Inc ::SUN COMMUNITIES, INC. REPORTS 2018 FIRST QUARTER RESULTS.SEES Q2 2018 CORE FFO PER SHARE $1.03 TO $1.06.SEES FY 2018 CORE FFO PER SHARE $4.48 TO $4.58.Q1 REVENUE ROSE 10 PERCENT TO $257.9 MILLION.Q1 EARNINGS PER SHARE $0.38.ADJUSTING ITS 2018 SAME COMMUNITY NOI GROWTH GUIDANCE FOR YEAR BY 25 BASIS POINTS TO 6.75 PERCENT TO 7.25 PERCENT.TOTAL PORTFOLIO OCCUPANCY WAS 95.8 PERCENT AT MARCH 31, 2018 VERSUS 95.9 PERCENT AT MARCH 31, 2017.SUN COMMUNITIES - AFFIRMS FY 2018 NET INCOME PER DILUTED SHARE TO BE IN RANGE OF $1.26 TO $1.42 AND CORE FFO PER SHARE IN RANGE OF $4.48 TO $4.58.FY2018 FFO PER SHARE VIEW $4.56 -- THOMSON REUTERS I/B/E/S.Q2 FFO PER SHARE VIEW $1.06 -- THOMSON REUTERS I/B/E/S.  Full Article

Sun Communities reports 7.4 pct rise in Q3 revenue
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Sun Communities Inc :Reg-Sun Communities Inc reports 2017 third quarter results.Q3 revenue rose 7.4 percent to $268.2 million.Sees FY 2017 FFO per share $4.15 to $4.18.Sun Communities Inc - same community net operating income increased by 7.7 percent for quarter as compared to same period in 2016​.Sun Communities Inc - ‍ affirms 2017 full year guidance of same community noi growth of 6.4 percent to 6.8 percent​.Sun Communities Inc qtrly ‍funds from operations excluding certain items was $1.13 per diluted share and op unit​.Sun Communities - qtrly ffo attributable to sun communities stockholders and dilutive convertible securities per share was $1.05 ‍​.  Full Article

Sun Communities provides update on impact from Hurricane Irma
Monday, 9 Oct 2017 

Oct 9 (Reuters) - Sun Communities Inc :Sun Communities Inc provides update on impact from Hurricane Irma.Anticipates that total damage losses at communities will be recoverable by insurance coverage​.Does not anticipate an adjustment to annual funds from operations guidance due to storm impact, affirms previously disclosed guidance​.Company anticipates a full redevelopment of three communities will be required​.Preliminary estimates of recoverable damages, business interruption revenue being developed, anticipates receiving recoveries in 2018​.In Florida Keys, three of company's seven communities, comprised of approximately 190 sites, suffered significant damage​.  Full Article

Investors eye bright spots in REIT sector

While investors say they are wary of the broader real estate industry in a rising interest rate environment, some are still bullish on sectors such as self storage and manufactured homes.