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Sun Communities Inc  (SUI)
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Price: $120.0400 $1.75 1.479%
Day's High: $120.435 Week Perf: 1.47 %
Day's Low: $ 118.48 30 Day Perf: -8.56 %
Volume (M): 601 52 Wk High: $ 141.52
Volume (M$): $ 72,192 52 Wk Avg: $126.62
Open: $118.72 52 Wk Low: $102.74



 Market Capitalization (Millions $) 14,886
 Shares Outstanding (Millions) 124
 Employees -
 Revenues (TTM) (Millions $) 3,225
 Net Income (TTM) (Millions $) -209
 Cash Flow (TTM) (Millions $) -48
 Capital Exp. (TTM) (Millions $) 790

Sun Communities Inc
Sun Communities Inc. is a real estate investment trust (REIT) that specializes in owning, managing, and operating manufactured housing communities, recreational vehicle (RV) resorts, and marinas across the United States and Canada. The company was founded in 1975 and is headquartered in Southfield, Michigan.

Sun Communities owns and operates over 400 properties and more than 137,000 sites located in 32 states throughout the US and one province in Canada, providing housing options for over 400,000 residents. The company's portfolio is divided into two main segments: manufactured housing communities (MHCs) and RV resorts.

MHCs are communities consisting of specially designed, factory-built homes that are typically placed on leased land, offering affordable housing options for families, seniors, and seasonal workers. Sun Communities' MHCs offer various amenities, including clubhouses, swimming pools, playgrounds, and in some cases, onsite management and maintenance staff.

RV resorts are communities that offer sites for RVs and campers, ranging from primitive camping to luxury resorts with full-service amenities. Sun Communities' RV resorts offer amenities such as Wi-Fi, cable television, fire pits, laundry facilities, and recreation facilities.

Apart from its core business in manufactured housing communities and RV resorts, Sun Communities also operates marinas that offer boat slips, boat rentals, and other related services.

The company's revenue is generated primarily from rent paid by residents of its properties. Sun Communities also earns income from sales of homes within its communities, management services, and other ancillary revenue-generating activities.

Sun Communities has a market capitalization of approximately $22 billion as of September 2021, and its stock is traded on the New York Stock Exchange under the symbol "SUI." The company has a history of consistent revenue and earnings growth, with a focus on dividend payments to its shareholders. Furthermore, Sun Communities has a strong management team, which has prioritized growth through acquisitions and investments in new properties.


   Company Address: 27777 Franklin Rd, Southfield, 48034 MI
   Company Phone Number: 208-2500   Stock Exchange / Ticker: NYSE SUI
   SUI is expected to report next financial results on April 29, 2024.


   

Stock Performances by Major Competitors

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Dividend

Sun Communities, Inc. Reports Strong Share Price Performance and Declares Quarterly Distribution, Indicating Robust Financial Outlook

Published Fri, Mar 1 2024 8:48 PM UTC

Sun Communities, Inc. Declares First Quarter 2024 Distribution and Reflects Positive Share Price Performance
In a recent press release, Sun Communities, Inc. (NYSE: SUI) announced its Board of Directors' decision to declare a quarterly distribution of $0.94 per share of common stock for the first quarter of 2024. As a real estate investment trust (REIT) specializing in ...

Sun Communities Inc

Sun Communities Inc Sees Revenue Growth Despite Earnings Shortfall in Q4 2023

As a financial analyst covering Sun Communities Inc, the recent financial results for the fiscal fourth quarter of 2023 have sparked interest and concern. The company slipped into a significant shortfall of $-3.53 per share, a stark contrast to the positive earnings of $0.03 per share from a year ago. Earnings per share also fell from $1.31 per share in the previous quarter, highlighting a downward trend in profitability.
Despite these disappointing figures, there was a silver lining in the form of revenue growth. Sun Communities Inc saw a 7.771% increase in revenue, reaching $726.70 million compared to $674.30 million in the same quarter a year ago. However, sequentially, revenue fell by -26.088% from $983.20 million in the previous quarter. The company's net shortfall of $-454.100 million is a cause for concern, especially when compared to the net earnings of $4.000 million in the same quarter a year before.
A notable observation is the decline in accounts receivable to $421.6 million, which some analysts attribute to slowing demand. This could potentially impact the company's future cash flow and financial performance. The full-year results for 2023 reveal a net shortfall of $-209.10 million and revenue of $3.22 billion. The earnings per share for the financial year were at $-1.72, a significant drop from $2.00 in the previous financial year.

Dividend

Sun Communities, Inc. Releases 2023 Distribution Tax Details, Showing Steady Growth in Dividend Pay Out Ratio

Published Fri, Jan 19 2024 9:49 PM UTC



Southfield, MI, January 19, 2024 - Sun Communities, Inc. (NYSE:SUI) has recently announced the tax treatment of its common share distributions for the year 2023. The company's 12-month dividend pay-out ratio witnessed significant sequential growth in the third quarter of 2023, although it remained below the sector's average. This article aims to outline the facts a...

Dividend

Sun Communities Continues to Thrive as Shareholders Reap the Benefits of Strong Performance

Published Fri, Dec 1 2023 7:34 PM UTC



Southfield, MI, Dec. 01, 2023 - Sun Communities, Inc. (NYSE: SUI), a leading real estate investment trust (REIT) specializing in manufactured housing (MH) and recreational vehicle (RV) communities and marinas, announced today that its Board of Directors has declared a quarterly distribution of $0.93 per share of common stock for the fourth quarter of 2023. This new...

Sun Communities Inc

Sun Communities Inc's Revenue Shines, But Earnings Lose Their Spark in Q3 2023

During the past 5 trading days, the stock of Sun Communities Inc (SUI) experienced a modest increase of 0.76%. While this may seem like a positive development, the year-to-date performance of the stock paints a less optimistic picture, as it has declined by -24.49% overall.
When examining the sector in which Sun Communities Inc operates, it becomes apparent that the company's performance in the July to September 30, 2023 interval was relatively mixed. On one hand, the company saw a 5.426% increase in revenue, reaching $983.20 million compared to $932.60 million in the previous year. On the other hand, profitability exhibited a slight decrease of -0.76%, with earnings per share dropping from $1.32 to $1.31 compared to the prior year reporting period.






 

Sun Communities Inc's Segments
 
 
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Sun Communities Inc does not provide revenue guidance.

Earnings Outlook
Sun Communities Inc does not provide earnings estimates.

 
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