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Sun Communities Inc (SUI.N)

SUI.N on New York Stock Exchange

87.64USD
22 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Sun Communities reports 7.4 pct rise in Q3 revenue
Tuesday, 24 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
Tuesday, 10 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

Sun Communities Inc announces distribution increase
Wednesday, 15 Feb 2017 

Sun Communities Inc : Reg-Sun communities, inc. (SUI) announces distribution increase . Approved setting 2017 annual distribution rate at $2.68 per common share .New distribution is an increase of $0.08 over current $2.60 per common share for 2016.  Full Article

CBRE CLARION SECURITIES LLC REPORTS 5.85 PCT PASSIVE STAKE IN SUN COMMUNITIES AS ON DECEMBER 31, 2016
Tuesday, 14 Feb 2017 

CBRE Clarion Securities LLC:CBRE CLARION SECURITIES LLC REPORTS 5.85 PERCENT PASSIVE STAKE IN SUN COMMUNITIES INC AS ON DECEMBER 31, 2016 - SEC FILING.  Full Article

Sun Communities files for resale of shares by selling stockholders
Saturday, 20 Aug 2016 

Sun Communities Inc :Sun Communities Inc files for offer and sale of up to 1.5 million shares of co's common stock by selling stockholders - SEC filing.  Full Article

Sun Communities says units of operating partnership entered master credit facility agreement
Friday, 10 Jun 2016 

Sun Communities Inc : On June 3, units of operating partnership entered into a master credit facility agreement . Pursuant to credit agreement, Regions Bank loaned a total of $338.0 million under a senior secured credit facility . Credit agreement comprised of two ten-year term loans in the amount of $300.0 million and $38.0 million, respectively .$300.0 million term loan bears interest at 3.69 pct/year, $38.0 million term loan bears interest at 3.67 pct per year for blended rate of 3.688 pct/year.  Full Article

Sun Communities Inc gives Q2 2016 FFO guidance
Tuesday, 26 Apr 2016 

Sun Communities Inc:Anticipates Q2 2016 FFO to be in the range of $0.79 to $0.81 per share.  Full Article

Sun Communities Inc announces upsizing and pricing of public offering of common stock
Thursday, 24 Mar 2016 

Sun Communities Inc:Has priced an underwritten public offering of 5,250,000 shares of its common stock at a price of $66.50 per share.Offering was upsized from 4,000,000 shares to 5,250,000 shares.Intends to use net proceeds of offering to fund a portion of purchase price for previously-announced acquisition of all of issued and outstanding shares of common stock of Carefree Communities Inc.  Full Article

Sun Communities Inc commences public offering of 4,000,000 shares of common stock
Wednesday, 23 Mar 2016 

Sun Communities Inc:Has commenced an underwritten public offering of 4,000,000 shares of its common stock.Intends to use net proceeds of offering to fund a portion of purchase price for previously-announced acquisition of all of issued and outstanding shares of common stock of Carefree Communities Inc.  Full Article

Sun Communities Inc to acquire Carefree Communities for $1.68 billion
Wednesday, 23 Mar 2016 

Sun Communities Inc:Has entered into an agreement to acquire all of the issued and outstanding shares of common stock of Carefree Communities Inc.Says aggregate purchase price is approximately $1.68 billion.At closing, Company will assume approximately $1.0 billion of debt, issue seller $225.0 million in shares of its common stock at an issuance price of $67.57 per share.In addition during month of March, Company acquired two manufactured housing communities for a total consideration of $37.8 million.  Full Article

BRIEF-Sun Communities Q4 Revenue Rose 10.7 Percent To $242 Mln

* ‍TOTAL HOME SALES WERE 850 FOR QUARTER VERSUS 762 HOMES SOLD DURING SAME PERIOD IN 2016​ Source text for Eikon: Further company coverage: