Stock Data
$3.02 (2.51%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
REAL ESTATE
Industry
REIT - RESIDENTIAL
Sun Communities, Inc. is a real estate investment trust (REIT) that specializes in manufactured homes, recreational vehicle resorts, and marinas. Founded in 1975 and publicly traded since 1993, it manages a diverse portfolio across the U.S., the UK, and Canada. This includes over 600 properties with thousands of developed sites and tens of thousands of wet slips and dry storage spaces, making it a leader in its sector.
Sun Communities vaulted past FFO expectations with a 285% beat as North American manufactured housing same-property NOI jumped 8.8%, even as reported revenue tumbled 20% from the Park Holidays UK unit reclassified as discontinued operations; management raised full-year same-property NOI guidance 20 basis points on underlying momentum.
Sun Communities reports Q2 results at 4:13 PM ET with manufactured housing and RV resort operators watching for occupancy trends and pricing power in a market where affordable housing demand keeps driving valuations.
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