Sun Communities, Inc. is a REIT that, as of September 30, 2020, owned, operated, or had an interest in a portfolio of 432 communities comprising nearly 146,000 developed sites in 32 states and Ontario, Canada.
IPO Year: 1993
Exchange: NYSE
Website: suncommunities.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/29/2025 | $141.00 | Overweight | Barclays |
| 4/8/2025 | $150.00 | Buy | Jefferies |
| 1/17/2025 | Hold → Buy | Truist | |
| 11/14/2024 | $155.00 → $134.00 | Buy → Neutral | UBS |
| 11/12/2024 | $114.00 | Neutral → Underperform | BofA Securities |
| 11/7/2024 | $145.00 → $126.00 | Outperform → Neutral | Robert W. Baird |
| 10/17/2024 | $160.00 | Buy | Jefferies |
| 9/16/2024 | $144.00 → $149.00 | Outperform → In-line | Evercore ISI |
| 1/30/2024 | $129.00 | Hold | Deutsche Bank |
| 1/16/2024 | $130.00 → $143.00 | Buy → Hold | Truist |
8-K - SUN COMMUNITIES INC (0000912593) (Filer)
8-K - SUN COMMUNITIES INC (0000912593) (Filer)
10-Q - SUN COMMUNITIES INC (0000912593) (Filer)
8-K - SUN COMMUNITIES INC (0000912593) (Filer)
SCHEDULE 13G/A - SUN COMMUNITIES INC (0000912593) (Subject)
DEFA14A - SUN COMMUNITIES INC (0000912593) (Filer)
DEF 14A - SUN COMMUNITIES INC (0000912593) (Filer)
PRE 14A - SUN COMMUNITIES INC (0000912593) (Filer)
8-K - SUN COMMUNITIES INC (0000912593) (Filer)
SCHEDULE 13G/A - SUN COMMUNITIES INC (0000912593) (Subject)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
3 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
3 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
4 - SUN COMMUNITIES INC (0000912593) (Issuer)
SC 13G - SUN COMMUNITIES INC (0000912593) (Subject)
SC 13G/A - SUN COMMUNITIES INC (0000912593) (Subject)
SC 13G/A - SUN COMMUNITIES INC (0000912593) (Subject)
SC 13G/A - SUN COMMUNITIES INC (0000912593) (Subject)
Barclays initiated coverage of Sun Communities with a rating of Overweight and set a new price target of $141.00
Jefferies initiated coverage of Sun Communities with a rating of Buy and set a new price target of $150.00
Truist upgraded Sun Communities from Hold to Buy
UBS downgraded Sun Communities from Buy to Neutral and set a new price target of $134.00 from $155.00 previously
BofA Securities downgraded Sun Communities from Neutral to Underperform and set a new price target of $114.00
Robert W. Baird downgraded Sun Communities from Outperform to Neutral and set a new price target of $126.00 from $145.00 previously
Jefferies initiated coverage of Sun Communities with a rating of Buy and set a new price target of $160.00
Evercore ISI downgraded Sun Communities from Outperform to In-line and set a new price target of $149.00 from $144.00 previously
Deutsche Bank initiated coverage of Sun Communities with a rating of Hold and set a new price target of $129.00
Truist downgraded Sun Communities from Buy to Hold and set a new price target of $143.00 from $130.00 previously
Net Loss per Diluted Share of $0.34 for the Quarter Core FFO per Share of $1.26 for the Quarter North America Same Property NOI for MH and RV Increased by 4.6% for the Quarter on a Year-over-Year Basis North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% Represents a 150 Basis Point Year-over-Year Increase Establishing Post-Safe Harbor Sale Guidance for 2025 Expecting Core FFO per Share of $6.43 to $6.63 Expecting North American Same Property NOI Growth of 3.5% - 5.2% Expecting UK Same Property NOI Growth of 0.9% - 2.9% Completed Initial Closing of Safe Harbor Marinas Sale in April for Net Pre-tax Cash Proceeds of $5.25 Billion Announced
Blackstone (NYSE:BX) announced today that funds managed by Blackstone Infrastructure ("Blackstone") have completed their acquisition of Safe Harbor Marinas ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc. (NYSE:SUI) for $5.65 billion. Heidi Boyd, a Senior Managing Director in Blackstone's infrastructure business, said, "We're pleased to close this transaction and look forward to working with Safe Harbor's terrific team to further develop their existing marinas and strategically scale their platform." "Blackstone offers a world of opportunity to Safe Harbor, and we couldn't be more excited for the journey ahead," said Ba
Southfield, MI, April 30, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") today announced that its operating partnership, Sun Communities Operating Limited Partnership ("SCOLP"), will redeem all $500 million aggregate principal amount of its outstanding 5.500% Senior Notes due 2029 (CUSIP No. 866677AK3) (the "Notes due 2029") and all $400 million aggregate principal amount of its outstanding 5.700% Senior Notes due 2033 (CUSIP No. 866677AJ6) (the "Notes due 2033" and together with the Notes due 2029, the "Notes") on May 10, 2025 (the "Redemption Date"). On the Redemption Date, in accordance with the terms of each series of Notes and the indenture governing the No
Southfield, MI, April 30, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" or "Sun"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing (MH) and recreational vehicle (RV) communities, today announced that it has completed the initial closing (the "Initial Closing") of the sale of its interests in the Safe Harbor Marinas business ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, to an affiliate of Blackstone Infrastructure. The transaction accelerates Sun's strategy of focusing on its core MH and RV portfolio and significantly enhances its leverage profile and financial
Southfield, MI, April 21, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, announces it will release first quarter 2025 operating results after the market closes on Monday, May 5, 2025. The Company will host a conference call to discuss these results on Tuesday, May 6, 2025, at 11:00 A.M. ET. To Participate in the Conference Call: Dial at least 5 minutes prior to start time.U.S. and Canada: (877) 407-9039International: (201) 689-8470 The conference call will also be available live on the Com
Southfield, MI, March 14, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the first quarter of 2025. The distribution is payable on April 15, 2025 to shareholders of record on March 31, 2025. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of December 31, 2024, owned, operated, or had an interest in a portfolio of 645 developed p
Southfield, MI, March 13, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced today that its Board of Directors (the "Board") has nominated Mr. Mark A. Denien as an independent director candidate for election at the upcoming annual meeting of shareholders. Mr. Denien is a seasoned finance executive with over three decades of experience in real estate transactions, capital markets, strategy development, regulatory compliance, risk management, and acquisitions. He currently serves on the Board of Directors of Acadia Realty Trust, where he is Chair of the Audit Committee and a member of the Compensation Committee. Mr. Denien served in multiple executive roles
Southfield, MI, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, today announced that Gary A. Shiffman, Chairman and Chief Executive Officer, will present at the 2025 Citi Global Property CEO Conference in Hollywood, Florida, on Monday, March 3, 2025, at 1:30 p.m. Eastern Standard Time. For investors interested in listening to the presentation, a live audio-webcast in listen-only mode will be provided in the Events Calendar section of the Company's website at: www.suninc.com/event-cale
Net Income / (Loss) per Diluted Share of $(1.77) and $0.71 for the Quarter and Full Year Core FFO per Share of $1.41 and $6.81 for the Quarter and Full Year North America Same Property NOI increased by 5.7% for the Quarter and 4.1% for the Full Year of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% represents a 160 basis point year-over-year increase Expecting North American Same Property NOI Growth of 4.3% - 5.6% Expecting UK Same Property NOI Growth of 0.9% - 2.9% Southfield, Michigan, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" or "SUI"), a real estate
Blackstone (NYSE:BX) announced today that funds managed by Blackstone Infrastructure ("Blackstone") have agreed to acquire Safe Harbor Marinas ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, from Sun Communities, Inc (NYSE:SUI) for $5.65 billion. Safe Harbor owns and operates 138 marinas across the U.S. and Puerto Rico and is the industry leader in the boat storage and servicing industry. Commenting on the announcement, Heidi Boyd, Senior Managing Director in Blackstone's infrastructure business said, "Marinas benefit from key long-term thematic tailwinds including the growth of travel and leisure as well as population inflows into coastal cit
Billy Rahm to Lead Established Team of Alternative Real Assets Investors NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Everview Partners, L.P. ("Everview" or the "Firm") today announced its launch as a newly formed private investment firm founded by Billy Rahm on the belief that applying both private equity and credit expertise to U.S. real asset investments could yield enduring performance across market cycles. Rahm brings over 20 years of leadership and real asset investing experience across leading alternative asset management firms including Centerbridge and Blackstone. "With the
Southfield, MI, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, today provided the following update: Restructuring and Cost Cutting Plan The Company is announcing a comprehensive restructuring effort to more effectively align the Company's cost structure and deliver sustainable earnings growth. The Company is proactively addressing its challenges and is implementing a plan to unlock the value and earnings potential of the Company. The Company has been considering and stu
DALLAS, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, today announced the appointment of Meghan Baivier as Chief Financial Officer (CFO). In addition, the company announced the transition of former CFO, Anubhav Raj, to Aligned's new Chief Investment Officer (CIO). Meghan Baivier Joins as Chief Financial Officer Ms. Baivier brings over 23 years of experience in finance and leadership to Aligned's senior leadership team. She will oversee the company's financial strategy and operations. Ms. Bai
Believes NHI is Significantly Undervalued with Opportunities to Unlock its Valuable Assets, Including Upcoming Lease Renewal with Tenant National Healthcare Corporation Highlights Poor Corporate Governance and Serious Conflicts of Interest Among Board Members Expresses Serious Concerns that NHI Board Cannot Fairly Represent Both Landlord and Tenant in Lease Renegotiation Given Substantial Economic and Personal Ties to NHC Discloses Likely Substantial Upside to Lease Rental Rates if Lease is Negotiated at Arms-Length Believes Shareholders Need to Send a Clear Message at Upcoming Annual Meeting – Ahead of Critical Lease Renegotiations – that Maintaining the Status Quo is Not an Option
Southfield, MI, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" and "Sun") announced today that Jerry Ehlinger and Craig A. Leupold have joined the Company's Board of Directors (the "Board"), effective immediately. Gary Shiffman, Chairman, President and Chief Executive Officer, commented, "We welcome Jerry and Craig to the Board and appreciate the collaborative engagement we have had with Land & Buildings, a Sun Communities shareholder. Jerry has a decades-long REIT pedigree and Craig brings new perspectives in real estate investment management. These appointments are another step in refreshing our Board, ensuring we have fresh perspectives and th
Southfield, MI, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE: SUI) (the "Company" and "Sun"), announced, effective today, that, Mr. Jeff Blau has joined the Company's Board of Directors (the "Board") as an independent director. Mr. Blau is Chief Executive Officer and a partner of Related Companies, a fully-integrated real estate firm based in New York, NY. For over 33 years, he has directed and overseen new developments totaling over $60 billion in virtually every sector of the real estate industry. As CEO, he is responsible for Related Companies' strategic direction, acquisitions and new development opportunities, and financing activities across all business platforms.
Southfield, MI, Oct. 04, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) a real estate investment trust that owns and operates, or has an interest in, manufactured housing communities, recreational vehicle resorts and marinas, announced today the appointment of Aaron Weiss as Executive Vice President of Corporate Strategy and Business Development. This is a new position that reports to Chairman and Chief Executive Officer Gary A. Shiffman and President and Chief Operating Officer John B. McLaren. Mr. Weiss will be responsible for coordinating corporate strategy, planning and business development and will begin his new role on October 18, 2021. "Aaron's extensive experien
Southfield, MI, Feb. 11, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced, effective today, that Ms. Tonya Allen has joined the Company’s Board of Directors (the “Board”) as an independent director, bringing an expert perspective on sustainability and social issues, an important focus for the Company. Ms. Allen is a civic leader who has spent her career working successfully in business, government and philanthropy to champion education, economic development, and racial equity. Since 2013 she has served as President and CEO of The Skillman Foundation, a Detroit-based philanthropic organization that works to ensure Detroit youth achieve
BLOOMFIELD HILLS, Mich., Dec. 3, 2020 /PRNewswire/ -- Agree Realty Corporation (NYSE: ADC) (the "Company") today announced that Karen J. Dearing has joined the Company's Board of Directors (the "Board") and will serve as a member of the Company's Audit Committee. Ms. Dearing currently serves as the Chief Financial Officer, Secretary, Treasurer and Executive Vice President of Sun Communities, Inc. (NYSE: SUI) ("Sun Communities"), a position she has held since 2008. Prior to joining Sun Communities in 1998, Ms. Dearing had over seven years of experience as the Financial Controller of a privately-owned automotive supplier and over four years of experience as a certified public accountant w
Southfield, MI, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing and recreational vehicle communities and marinas, today announced its Board of Directors declared a quarterly distribution of $0.79 per share of common stock for the fourth quarter of 2020. The distribution is payable January 15, 2021 to shareholders of record on December 31, 2020. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of October 30, 2020, when it completed its acquisition of Safe Harbor Marinas, LLC, owned, operated, or had an interest
Net Loss per Diluted Share of $0.34 for the Quarter Core FFO per Share of $1.26 for the Quarter North America Same Property NOI for MH and RV Increased by 4.6% for the Quarter on a Year-over-Year Basis North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% Represents a 150 Basis Point Year-over-Year Increase Establishing Post-Safe Harbor Sale Guidance for 2025 Expecting Core FFO per Share of $6.43 to $6.63 Expecting North American Same Property NOI Growth of 3.5% - 5.2% Expecting UK Same Property NOI Growth of 0.9% - 2.9% Completed Initial Closing of Safe Harbor Marinas Sale in April for Net Pre-tax Cash Proceeds of $5.25 Billion Announced
Southfield, MI, April 30, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" or "Sun"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing (MH) and recreational vehicle (RV) communities, today announced that it has completed the initial closing (the "Initial Closing") of the sale of its interests in the Safe Harbor Marinas business ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, to an affiliate of Blackstone Infrastructure. The transaction accelerates Sun's strategy of focusing on its core MH and RV portfolio and significantly enhances its leverage profile and financial
Southfield, MI, April 21, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, announces it will release first quarter 2025 operating results after the market closes on Monday, May 5, 2025. The Company will host a conference call to discuss these results on Tuesday, May 6, 2025, at 11:00 A.M. ET. To Participate in the Conference Call: Dial at least 5 minutes prior to start time.U.S. and Canada: (877) 407-9039International: (201) 689-8470 The conference call will also be available live on the Com
Net Income / (Loss) per Diluted Share of $(1.77) and $0.71 for the Quarter and Full Year Core FFO per Share of $1.41 and $6.81 for the Quarter and Full Year North America Same Property NOI increased by 5.7% for the Quarter and 4.1% for the Full Year of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 99.0% represents a 160 basis point year-over-year increase Expecting North American Same Property NOI Growth of 4.3% - 5.6% Expecting UK Same Property NOI Growth of 0.9% - 2.9% Southfield, Michigan, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" or "SUI"), a real estate
Southfield, MI, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company" or "Sun"), a real estate investment trust ("REIT") that owns and operates or has an interest in manufactured housing ("MH") and recreational vehicle ("RV") communities, today announced that it has entered into a definitive agreement to sell 100% of its interests in the Safe Harbor Marinas business ("Safe Harbor"), the largest marina and superyacht servicing business in the United States, to affiliates of Blackstone Infrastructure ("Blackstone"). The transaction accelerates Sun's strategic goal of re-focusing on its core MH and RV segments and significantly enhances its leverage profile and fin
Southfield, MI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, announces it will release fourth quarter 2024 operating results after the market closes on Wednesday, February 26, 2025. The Company will host a conference call to discuss these results on Thursday, February 27, 2025, at 2:00 P.M. ET. To Participate in the Conference Call: Dial at least 5 minutes prior to start time.U.S. and Canada: (877) 407-9039International: (201) 689-8470 The conference call will also be available l
Southfield, MI, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company") announced the tax treatment of its 2024 common share distributions. Common Shares (CUSIP No. 866674104) - SUI DeclaredDateRecordDatePayableDateDistribution($ per share)Ordinary Taxable Dividend (2)($ per share)Qualified Taxable Dividend (2)($ per share)Non Dividend Distribution($ per share)12/01/2312/29/2301/16/24$0.930000$0.490122$0.000000$0.03533403/01/2403/29/2404/15/24$0.940000$0.495392$0.000000$0.03571406/03/2406/28/2407/15/24$0.940000$0.495392$0.000000$0.03571409/03/2409/30/2410/15/24$0.940000$0.495392$0.000000$0.035714 $3.750000$1.976298$0.000000$0.142476 DeclaredDateRecord DatePay
Net Income per Diluted Share of $2.31 for the Quarter Core FFO per Share of $2.34 for the Quarter North America Same Property NOI increased by 0.5% for the Quarter and 3.6% for the First Nine Months of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 98.8% represents a 160 basis point year-over-year increase Revising Full-Year Core FFO per Share Guidance for 2024 to $6.76 - $6.84 Revising Full-Year North America Same Property NOI Growth Guidance for 2024 to 2.6% - 3.3% and Revising Full-Year UK Same Property NOI Growth Guidance Range to 7.1% - 8.7% Establishing Preliminary Guidance f
Southfield, MI, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the "Company"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") and recreational vehicle ("RV") communities and marinas, announces it will release third quarter 2024 operating results after the market closes on Wednesday, November 6, 2024. The Company will host a conference call to discuss these results on Wednesday, November 6, 2024, at 5:00 P.M. ET. To Participate in the Conference Call: Dial in at least 5 minutes prior to start time.U.S. and Canada: (800) 245-3047International: (203) 518-9765 All participants and speakers will need to
Net Income per Diluted Share of $0.42 for the Quarter Core FFO per Share of $1.86 for the Quarter North America Same Property NOI increased by 3.6% for the Quarter and 5.6% for the First Six Months of 2024 versus corresponding 2023 Periods North America Same Property Adjusted Blended Occupancy for MH and RV of 98.7% represents a 150 basis point year-over-year increase Reiterating Full-Year Core FFO per Share Guidance for 2024 of $7.06 - $7.22 Full-Year North America Same Property NOI Growth Guidance Range of 4.7% - 5.7%, Maintaining 5.2% Midpoint and Revising Full-Year UK Same Property NOI Growth Guidance Range to 8.6% - 10.4% Southfield, MI, July 31, 2024 (GLOBE NEWS