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Sun Communities Inc (SUI.N)

SUI.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sun Communities Inc Q1 Earnings Per Share $0.38
Tuesday, 24 Apr 2018 

April 23 (Reuters) - Sun Communities Inc ::SUN COMMUNITIES, INC. REPORTS 2018 FIRST QUARTER RESULTS.SEES Q2 2018 CORE FFO PER SHARE $1.03 TO $1.06.SEES FY 2018 CORE FFO PER SHARE $4.48 TO $4.58.Q1 REVENUE ROSE 10 PERCENT TO $257.9 MILLION.Q1 EARNINGS PER SHARE $0.38.ADJUSTING ITS 2018 SAME COMMUNITY NOI GROWTH GUIDANCE FOR YEAR BY 25 BASIS POINTS TO 6.75 PERCENT TO 7.25 PERCENT.TOTAL PORTFOLIO OCCUPANCY WAS 95.8 PERCENT AT MARCH 31, 2018 VERSUS 95.9 PERCENT AT MARCH 31, 2017.SUN COMMUNITIES - AFFIRMS FY 2018 NET INCOME PER DILUTED SHARE TO BE IN RANGE OF $1.26 TO $1.42 AND CORE FFO PER SHARE IN RANGE OF $4.48 TO $4.58.FY2018 FFO PER SHARE VIEW $4.56 -- THOMSON REUTERS I/B/E/S.Q2 FFO PER SHARE VIEW $1.06 -- THOMSON REUTERS I/B/E/S.  Full Article

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

BRIEF-Sun Communities Inc Q1 Earnings Per Share $0.38

* ADJUSTING ITS 2018 SAME COMMUNITY NOI GROWTH GUIDANCE FOR YEAR BY 25 BASIS POINTS TO 6.75 PERCENT TO 7.25 PERCENT