SUN COMMUNITIES (SUI) Company Report

Sun Communities, Inc. made an investor presentation available on December 1, 2025, detailing its Q3 2025 performance and strategic updates.
For Q3 2025, the company reported Core FFO per Share of $2.28 and North America Same Property NOI Growth of 5.4%.
The company projects FY2025 Core FFO per Share to be between $6.59 and $6.67 and North America Same Property NOI Growth between 4.6% and 5.6%.
Strategic initiatives included the sale of Safe Harbor for $5.65 billion, a $3.3 billion debt reduction in 2025, and credit rating upgrades to BBB+ (S&P) and Baa2 (Moody’s).
Charles Young was appointed CEO and Board Member effective October 1, 2025.

3 days ago

Sun Communities (SUI) Reports Strong Q3 2025 Results and Raises Full-Year Guidance

SUI

Earnings

Guidance Update

Share Buyback

Sun Communities (SUI) reported Core FFO per share of $2.28 for Q3 2025, exceeding the high end of its guidance range.
The company raised its full-year 2025 Core FFO per share guidance by $0.04 at the midpoint, to a range of $6.59 to $6.67.
North American same property NOI growth guidance for full-year 2025 was increased to 5.1% at the midpoint, with manufactured housing expected to grow by 7.8% and RV same property NOI guidance raised to a 1% decline. UK same property NOI guidance was also increased to approximately 4%.
SUI was active in capital deployment, acquiring 14 communities for approximately $457 million and purchasing 28 UK ground leases for approximately $324 million year-to-date. The company also repurchased approximately 4 million shares for $500 million year-to-date at an average price of $125.74 per share.

Oct 30, 2025, 6:00 PM

Sun Communities, Inc. Reports Q3 2025 Results, Raises Full-Year Guidance, and Provides 2026 Rental Rate Outlook

SUI

Earnings

Guidance Update

M&A

Sun Communities, Inc. reported Core FFO of $2.28 per Share and net income attributable to common shareholders of $0.07 per diluted share for the quarter ended September 30, 2025.
The company raised its full-year 2025 Core FFO per Share guidance by $0.04 to a range of $6.59 to $6.67 and increased its North American Same Property NOI growth guidance to 4.6% - 5.6%.
Preliminary 2026 full-year rental rate guidance was established at 5.0% for MH, 4.0% for Annual RV, and 4.1% for UK.
North America Same Property adjusted blended occupancy for MH and RV increased by 130 basis points year-over-year to 99.2% as of September 30, 2025.
The company completed the sale of the remaining Safe Harbor Marinas Delayed Consent Properties for $117.5 million, finalizing the divestment for total net cash proceeds of approximately $5.5 billion. Subsequent to quarter-end, 14 communities were acquired for $457.0 million, and 2.3 million shares were repurchased for $297.5 million during Q3 2025.

Oct 29, 2025, 8:23 PM

Sun Communities Announces New CEO, Q2 Results, and Capital Allocation Strategy

SUI

CEO Change

Guidance Update

M&A

Charles Young has been appointed CEO and Board member, effective October 1, 2025, with Gary Shiffman transitioning to Non-Executive Chairman.
The company reported strong 2Q25 results with Core FFO per share of $1.76 and updated its FY25 Core FFO guidance to $6.51 to $6.67 per share.
Proceeds from the Safe Harbor Marinas sale were used to repay ~$3.3 billion of debt, repurchase ~$400 million of stock, pay a ~$520 million special cash distribution, increase the quarterly dividend by ~10%+, and acquire UK properties for ~$199 million.
The company received credit rating upgrades to BBB+ from S&P and Baa2 from Moody's, reflecting substantial de-leveraging and a fully eliminated floating rate debt exposure.

Sep 3, 2025, 8:12 PM

Earnings Transcripts

Quarterly earnings call transcripts for SUN COMMUNITIES.

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