Latest news with #SunCommunities
Yahoo
04-06-2025
- Business
- Yahoo
Sun Communities, Inc. Declares Second Quarter 2025 Distribution
Southfield, MI, June 04, 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 (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $1.04 per share of common stock for the second quarter of 2025. The distribution is payable on July 15, 2025 to shareholders of record on June 30, 2025. About Sun Communities, Inc. Sun Communities, Inc. is a REIT that, as of March 31, 2025, owned, operated, or had an interest in a portfolio of 502 developed properties comprising approximately 174,850 developed sites in the United States, Canada, and the United Kingdom. For Further Information at the Company: Fernando Castro-CaratiniChief Financial Officer(248)
Globe and Mail
01-05-2025
- Business
- Globe and Mail
A Solid Investment in Affordable Housing?
Explore the exciting world of Sun Communities (NYSE: SUI) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities! *Stock prices used were the prices of March 19, 2025. The video was published on April 30, 2025. Should you invest $1,000 in Sun Communities right now? Before you buy stock in Sun Communities, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sun Communities wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $607,048!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $668,193!* Now, it's worth noting Stock Advisor 's total average return is880% — a market-crushing outperformance compared to161%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of April 28, 2025
Yahoo
29-04-2025
- Business
- Yahoo
This Already Resilient 3%-Yielding Dividend Stock is Getting Even Stronger
Sun Communities (NYSE: SUI) has a very durable business. The real estate investment trust (REIT) is the largest publicly traded owner-operator of manufactured home and RV communities. These properties produce very resilient recurring revenues, which help support the REIT's 3% yielding dividend. The residential REIT's already highly resilient dividend is about to grow even stronger in the future. Driving the improved sustainability are asset sales that will significantly bolster its already solid balance sheet. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Manufactured housing communities are some of the most durable rental properties. It's very expensive to relocate a manufactured home ($6,000 to $10,000). Because of that, most tenants remain in place for years and eventually sell their homes to a new tenant when they want to move. Meanwhile, with virtually no new supply of manufactured home communities and strong demand due to the affordability of these properties, landlords can steadily raise lot rents, even during a recession. RV communities also produce lots of recurring revenue. About 11.2 million households own an RV, while there are only 1.7 million campsites in the country. With more people going camping every year, demand for sites is high and growing. It's leading many RV owners to sign annual leases to ensure they have a spot in their desired campground. These dynamics have driven very durable income growth for Sun Communities. For more than 20 years, the REIT has reported positive same-property net operating income (NOI) growth every individual year or rolling four-quarter period. Since 2000, Sun Communities has grown its NOI at a 5.2% compound annual rate, which is much faster than apartment REITs (3%) and the REIT sector as a whole (3.2%). That steady growth has supported decades of dividend stability and growth for the REIT. While Sun Communities hasn't increased its dividend every year, it has never reduced its payout in its 30 years as a public company and has grown its payout more than 111% during that period. Sun Communities backs its durable real estate portfolio with a rock-solid balance sheet. The REIT ended last year with solid investment grade bond ratings (BBB/Baa3) supported by a reasonable leverage ratio for a REIT (6.0 times). That leverage ratio will come down significantly this year. The REIT has been divesting non-core properties to strengthen its financial profile. It sold a portfolio of 13 Canadian RV properties for $64 million, a manufactured home development property for $13 million, and a UK holiday park for $7.6 million in the fourth quarter. That brought its total to $570 million of non-strategic asset sales last year. It sold another RV property portfolio for $92.9 million in the early part of the first quarter. The company also agreed to sell its entire marina platform, Safe Harbor Marina, in a nearly $5.7 billion deal. That sale marks a highly profitable exit of its investment in marinas ($1.3 billion gain in four years). Sun Communities initially expects to use the proceeds to significantly deleverage its balance sheet. The company anticipates its leverage ratio will decline to a range of 2.5x-3.0x following the sale's closing. That will give it additional financial flexibility to return more cash to shareholders (e.g., share repurchases, special dividends, or dividend increases) while also investing to grow its core business. Selling its marina platform will also enhance the durability of its annual income stream by reducing its exposure to more volatile service, retail, dining, and entertainment, as well as other non-recurring income streams. The company's deleveraging strategy will put it in a stronger position to grow its core business. It will have more financial flexibility to buy high-quality manufactured home and RV communities while also investing in capital projects to enhance existing locations by adding more sites and amenities. Sun Communities has been a very durable dividend stock over the decades. That's due to the resiliency of its real estate portfolio. With the REIT on track to significantly bolster its already rock-solid balance sheet this year, the payout should grow even safer. That makes it an excellent option for those seeking very bankable dividend income. Before you buy stock in Sun Communities, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sun Communities wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $594,046!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $680,390!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Matt DiLallo has positions in Sun Communities. The Motley Fool recommends Sun Communities. The Motley Fool has a disclosure policy. This Already Resilient 3%-Yielding Dividend Stock is Getting Even Stronger was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
21-04-2025
- Business
- Yahoo
Sun Communities, Inc. Announces Date for First Quarter 2025 Earnings Release and Conference Call
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 Company's website Conference Call Replay: U.S. and Canada: (844) 512-2921International: (412) 317-6671Passcode: 13752708The replay will be accessible through May 20, 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 properties comprising approximately 176,390 developed sites and approximately 48,760 wet slips and dry storage spaces in the United States, Canada, and the United Kingdom. For Further Information at the Company: Fernando Castro-CaratiniChief Financial Officer(248) in to access your portfolio
Yahoo
15-03-2025
- Business
- Yahoo
Sun Communities (NYSE:SUI) Declares US$0.94 Per Share Dividend for Q1 2025
Sun Communities recently announced a quarterly dividend of $0.94 per share, adding to the positive sentiment that may have contributed to its share price increase of 5% over the last quarter. However, this rise comes despite the company reporting a widened net loss of $224 million in Q4 2024 due to substantial goodwill impairments. Additionally, Sun Communities provided guidance for a diluted EPS range slightly negative for Q1 2025, which exceeded analysts' expectations. The broader market context includes significant fluctuations, with major indices facing weekly losses and heightened volatility amidst political and economic concerns. Investor focus on stable income streams in tumultuous markets could have supported Sun Communities' stock performance, as real estate investments often attract attention when broader markets falter. Despite overall market declines, the company's maintained dividend and resilient guidance might have offered some stabilization to its stock performance during a volatile economic period. Assess the downside scenarios for Sun Communities with our risk evaluation. Uncover the next big thing with financially sound penny stocks that balance risk and reward. Sun Communities (NYSE:SUI) achieved a total shareholder return of 29.19% over the past five years, reflecting a period of considerable growth. Despite recent market challenges, factors such as consistent dividend payouts have bolstered investor confidence. Key developments contributing to this performance include a Q3 2024 restructuring initiative projected to save US$15 million to US$20 million annually, which aimed to improve the company's operational efficiency. Additionally, the announcement of CEO Gary Shiffman's upcoming retirement after over 40 years could signal a strategic shift within the company. Despite facing a class action lawsuit in December 2024 related to accounting practices, Sun Communities has managed to uphold its commitment to shareholders through consistent quarterly dividend affirmations, most recently seen in the US$0.94 per share distributions. However, while it outpaced inflation, the company's one-year return has underperformed both the US Market and the US Residential REITs industry, which suggests an area for potential improvement going forward. Shareholder in Sun Communities? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:SUI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
