Sun Communities, Inc.

SUI

US8666741041

Residential REITs

Market Closed - Nyse Other stock markets 04:00:01 2024-04-26 pm EDT			5-day change	1st Jan Change
119.1 ^USD	+0.13%		+1.18%	-10.90%

Apr. 01	Sun Communities Insider Sold Shares Worth $320,986, According to a Recent SEC Filing	MT
Mar. 25	Sun Communities Insider Sold Shares Worth $525,920, According to a Recent SEC Filing	MT

Sun Communities, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023

February 20, 2024 at 05:17 pm EST

Sun Communities, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 473.4 million compared to USD 440.6 million a year ago. Revenue was USD 726.7 million compared to USD 674.3 million a year ago.

Net loss was USD 80.9 million compared to net income of USD 4.7 million a year ago. Basic loss per share from continuing operations was USD 0.65 compared to basic earnings per share from continuing operations of USD 0.04 a year ago. Diluted loss per share from continuing operations was USD 0.65 compared to diluted earnings per share from continuing operations of USD 0.04 a year ago.

Latest news about Sun Communities, Inc.

Sun Communities Insider Sold Shares Worth $320,986, According to a Recent SEC Filing	Apr. 01	MT
Sun Communities Insider Sold Shares Worth $525,920, According to a Recent SEC Filing	Mar. 25	MT
Truist Adjusts Price Target on Sun Communities to $136 From $143, Maintains Hold Rating	Mar. 18	MT
Transcript : Sun Communities, Inc. Presents at Citi's 2024 Global Property CEO Conference, Mar-05-2024 01:30 PM	Mar. 05
Sun Communities Raises Q1 Distribution to $0.94 per Share, Payable April 15 to Investors of Record March 29	Mar. 01	MT
Sun Communities, Inc. Declares Quarterly Distribution on Common Stock for the First Quarter of 2024, Payable on April 15, 2024	Mar. 01	CI
Transcript : Sun Communities, Inc., Q4 2023 Earnings Call, Feb 21, 2024	Feb. 21
Sun Communities Q4 Core FFO, Revenue Increase; Sets Q1, 2024 Core FFO Guidance	Feb. 20	MT
(SUI) SUN COMMUNITIES Sees Q1 EPS Range $1.14 - $1.19	Feb. 20	MT
Sun Communities, Inc. Increases Annual Distribution Rate for 2024	Feb. 20	CI
Sun Communities, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2024 and Full Year Ending December 31, 2024	Feb. 20	CI
Sun Communities, Inc. Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 20	CI
Sun Communities, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023	Feb. 20	CI
Sun Communities, Inc. Appoints Jerry Ehlinger and Craig Leupold to Board of Directors	Feb. 16	CI
Deutsche Bank Initiates Sun Communities With Hold Rating, $129 Price Target	Jan. 30	MT
Sun Communities Expects 2024 Insurance Cost to Increase 15% to 20% Over Year-Earlier Levels	Jan. 22	MT
BMO Capital Cuts Price Target on Sun Communities to $140 From $143, Maintains Outperform Rating	Jan. 22	MT
North American Morning Briefing : Central Bankers -2-	Jan. 17	DJ
UBS Adjusts Price Target on Sun Communities to $161 From $160, Maintains Buy Rating	Jan. 05	MT
Sun Communities' Operating Partnership Prices $500 Million Notes	Jan. 04	MT
UBS Adjusts Sun Communities Price Target to $160 From $129, Maintains Buy Rating	Dec. 18	MT
RBC Raises Price Target on Sun Communities to $142 From $136, Keeps Outperform Rating	Dec. 14	MT
Sun Communities Insider Sold Shares Worth $257,980, According to a Recent SEC Filing	Dec. 04	MT
Sun Communities Keeps Quarterly Dividend at $0.93 per Share, Payable Jan. 16 to Stockholders of Record Dec. 29	Dec. 01	MT
Sun Communities, Inc. Declares Distribution for the Fourth Quarter of 2023, Payable on January 16, 2024	Dec. 01	CI

Chart Sun Communities, Inc.

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Company Profile

Sun Communities, Inc. is a fully integrated real estate investment trust (REIT). The Company owns manufactures housing (MH) and recreational vehicle (RV) communities and marinas in the United States, the United Kingdom, and Canada. The Company operates through three segments: MH communities, RV communities, and Marinas. The MH communities segment offers affordable housing to individuals and families, while also providing certain amenities. The RV communities offers affordable vacation opportunities to individuals and families with various amenities. The Marinas offers wet slip and dry storage space leases, end-to-end services, fuel sales and other amenities. The Company owns and operates, directly or indirectly, or had an interest in, a portfolio of 667 developed properties located in the United States, the United Kingdom, and Canada, including 353 MH communities, 179 RV communities and 135 marinas. The Companyâs properties contained an aggregate of 227,340 developed sites.

Sector

Residential REITs

Calendar

2024-04-28 - Q1 2024 Earnings Release

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Ratings for Sun Communities, Inc.

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ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

119.1 USD

Average target price

144 USD

Spread / Average Target

+20.93%

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Sector Residential REITs

	1st Jan change	Capi.
SUN COMMUNITIES, INC.	-10.90%	14.84B
EQUITY RESIDENTIAL	+6.51%	24.68B
INVITATION HOMES INC.	+1.79%	21.27B
ESSEX PROPERTY TRUST, INC.	-0.41%	15.85B
MID-AMERICA APARTMENT COMMUNITY, INC.	-3.89%	15.08B
AMERICAN HOMES 4 RENT	+1.25%	13.34B
UDR INC.	-0.99%	12.48B
EQUITY LIFESTYLE PROPERTIES, INC.	-14.19%	11.29B
CAMDEN PROPERTY TRUST	+0.33%	10.84B
APARTMENT INCOME REIT CORP.	+10.60%	5.57B

Residential REITs