Sun Communities Inc
SUI
ISIN US8666741041 / Valor 149182
Sun Communities Inc
UMushroom community rating:
About company
Sun Communities Inc. is a real estate investment trust (REIT) that owns, operates, and develops manufactured housing and recreational vehicle communities across the United States and Canada.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (17.12.2024):
Total Revenue Growth
Sun Communities, Inc. reported a total revenue increase of 7.8% for the fourth quarter of 2023 and an 8.6% increase for the full year. This growth reflects the company's strong performance in its manufactured housing and recreational vehicle communities, as well as its marina operations.
Net Loss Per Share
For the fourth quarter of 2023, Sun Communities, Inc. experienced a net loss of $0.65 per diluted share. For the full year, the net loss was $1.72 per diluted share, marking a significant change from the previous year's net income per share.
Core FFO Performance
Sun Communities, Inc. reported Core Funds from Operations (Core FFO) of $1.34 per share for the fourth quarter of 2023 and $7.10 per share for the full year. This metric is crucial for evaluating the company's operational performance and cash flow generation.
Same Property NOI Increase
The company's Same Property Net Operating Income (NOI) increased by 9.6% for the fourth quarter and 7.3% for the full year of 2023. This growth underscores the resilience and strong demand for Sun Communities, Inc.'s properties.
2024 Financial Guidance
Looking ahead to 2024, Sun Communities, Inc. expects Same Property NOI growth between 4.8% and 6.0%. The company also anticipates Core FFO per share to range from $7.04 to $7.24, alongside a 1.1% increase in the annual distribution rate to $3.76 per share.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
15893 M
Market cap (USD)
160,193
Daily traded volume (Shares)
125.12 / 124.37
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
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Ratings & reviews
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