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Sun Communities Inc (SUI.N)

SUI.N on New York Stock Exchange

93.17USD
22 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Sun Communities reports 7.4 pct rise in Q3 revenue
Monday, 23 Oct 2017 04:21pm EDT 

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
Monday, 9 Oct 2017 04:04pm EDT 

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 terminates stockholder rights plan
Wednesday, 4 Oct 2017 04:33pm EDT 

Oct 4 (Reuters) - Sun Communities Inc :Sun Communities, Inc. terminates stockholder rights plan.Sun Communities Inc - ‍ amended its stockholder rights plan to accelerate expiration date of plan from June 9, 2018 to close of business on October 4​.Sun Communities Inc - ‍shareholders are not required to take any action as a result of this termination​.  Full Article

Sun Communities provides preliminary assessment of Hurricane Irma impact
Monday, 11 Sep 2017 10:51pm EDT 

Sept 11 (Reuters) - Sun Communities Inc -:Sun Communities provides preliminary assessment of Hurricane Irma impact.Plans to inspect all communities as quickly as possible to begin restoration and cleanup activities.Based on initial information received on a limited number of communities impacted by storm, no injuries have been reported.Sun Communities- of particular concern are 5 communities in Florida Keys for which no firsthand information from Company staff is yet available.  Full Article

Sun communities Q2 revenue rose 24.7 pct to $237.9 million
Wednesday, 26 Jul 2017 04:13pm EDT 

July 26 (Reuters) - Sun Communities Inc ::Reg-Sun Communities, inc. Reports 2017 second quarter results.Q2 revenue rose 24.7 percent to $237.9 million.Sees q3 FFO per share $1.11 to $1.14.Sees q4 FFO per share $0.95 to $0.98.Sun Communities Inc - ‍home sales volumes increased by 6.8 percent for quarter ended june 30, 2017 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 - ‍same community net operating income increased by 6.1 percent for quarter ended june 30, 2017 as compared to same period in 2016​.Q3 FFO per share view $1.14 -- Thomson Reuters I/B/E/S.Sun Communities Inc - total home sales were 801 for quarter ended june 30, 2017 as compared to 750 homes sold during same period in 2016.Sun Communities Inc - ‍updating its 2017 full year guidance of ffo per share to be in range of $4.12 to $4.18​.Fy2017 FFO per share view $4.17 -- Thomson Reuters I/B/E/S.Sun Communities Inc - ffo excluding certain items was $0.96 per diluted share and op unit for quarter​.Q3 FFO per share view $1.14 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.95 -- Thomson Reuters I/B/E/S.Sun Communities Inc - qtrly ‍net income attributable to common stockholders $0.16 per diluted common share​.  Full Article

Sun communities Q1 FFO per share $1.10, excluding items
Thursday, 27 Apr 2017 06:30am EDT 

April 27 (Reuters) - Sun Communities Inc :Reg-Sun communities, inc. Reports 2017 first quarter results.Q1 revenue rose 34.2 percent to $234.4 million.Sees q2 FFO per share $0.93 to $0.95.Q1 FFO per share $1.10 excluding items.Says company is affirming its 2017 full year guidance of ffo per share of $4.16 to $4.24.Sun communities inc - also affirms 2017 full year guidance of same community noi growth of 6.4 percent to 6.8 percent.Says also affirms 2017 full year guidance of same community noi growth of 6.4 percent to 6.8 percent.Q1 FFO per share view $1.07 -- Thomson Reuters I/B/E/S.Q2 FFO per share view $0.97 -- Thomson Reuters I/B/E/S.Fy2017 FFO per share view $4.23 -- Thomson Reuters I/B/E/S.Qtrly home sales volumes increased by 8.0 percent as compared to same period in 2016.  Full Article

Sun Communities reports Q4 FFO per share $0.91 excluding items
Thursday, 23 Feb 2017 06:30am EST 

Sun Communities Inc : Sun Communities, Inc. reports 2016 fourth quarter results . Q4 revenue rose 30 percent to $218.6 million . Sees FY 2017 FFO per share $4.16 to $4.24 . Q4 FFO per share $0.91 excluding items . Sun communities inc - sees q1 2017 ffo to be in range of $1.06 to $1.08 per share . Sun communities inc sees q1 FFO per share $1.06 - $1.08 . Sees 2017 MH revenues of $479.3 million - $479.9 million . Sees 2017 net operating income of $471.1 million - $475.8 million . Q1 FFO per share view $1.06 -- Thomson Reuters I/B/E/S . FY 2017 FFO per share view $4.28 -- Thomson Reuters I/B/E/S .Q4 FFO per share view $0.90 -- Thomson Reuters I/B/E/S.  Full Article

Sun Communities files for resale of shares by selling stockholders
Friday, 19 Aug 2016 03:59pm EDT 

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
Thursday, 9 Jun 2016 05:23pm EDT 

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 06:15am EDT 

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

BRIEF-Sun Communities reports 7.4 pct rise in Q3 revenue

* Sun Communities Inc - same community net operating income increased by 7.7 percent for quarter as compared to same period in 2016​