Earnings summaries and quarterly performance for SUN COMMUNITIES.
Executive leadership at SUN COMMUNITIES.
Charles Young
Detailed
Chief Executive Officer
CEO
AW
Aaron Weiss
Detailed
Executive Vice President of Corporate Strategy and Business Development
BT
Bruce Thelen
Detailed
Executive Vice President and Chief Operating Officer
FC
Fernando Castro-Caratini
Detailed
Executive Vice President, Chief Financial Officer, Treasurer and Secretary
JM
John McLaren
Detailed
President
MF
Marc Farrugia
Detailed
Executive Vice President and Chief Administrative Officer
Board of directors at SUN COMMUNITIES.
BH
Brian Hermelin
Detailed
Director
CL
Clunet Lewis
Detailed
Director
CL
Craig Leupold
Detailed
Director
GS
Gary Shiffman
Detailed
Non-Executive Chairman of the Board
JB
Jeff Blau
Detailed
Director
JE
Jerome Ehlinger
Detailed
Director
MD
Mark Denien
Detailed
Director
MB
Meghan Baivier
Detailed
Lead Independent Director
TA
Tonya Allen
Detailed
Director
Research analysts who have asked questions during SUN COMMUNITIES earnings calls.
John Kim
BMO Capital Markets
6 questions for SUI
Also covers: AIV, ALX, ARDX +34 more
Michael Goldsmith
UBS
6 questions for SUI
Also covers: ADC, AHR, AMH +39 more
Brad Heffern
RBC Capital Markets
5 questions for SUI
Also covers: ADC, AMH, AVB +16 more
JG
Jana Galan
Bank of America
5 questions for SUI
Also covers: ADC, AHH, AVB +24 more
WG
Wesley Golladay
Robert W. Baird & Co.
5 questions for SUI
Also covers: ADC, AHR, ARE +25 more
DS
David Segall
Green Street
4 questions for SUI
Also covers: AMH, CPT, ELS +3 more
Eric Wolfe
Citi
4 questions for SUI
Also covers: AMH, AVB, CPT +13 more
Steve Sakwa
Evercore ISI
4 questions for SUI
Also covers: ALX, AMH, AVB +31 more
AH
Anthony Hau
Truist Securities
3 questions for SUI
Also covers: DBRG, ELS, PKST +3 more
Jamie Feldman
Wells Fargo & Company
3 questions for SUI
Also covers: ADC, AMH, ARE +19 more
Jason Wayne
Barclays
3 questions for SUI
Also covers: AMH, ELS, FCPT +3 more
DS
David Siegel
Green Street Advisors
2 questions for SUI
Also covers: AMH, ELS
James Feldman
Wells Fargo
2 questions for SUI
Also covers: AMH, ARE, AVB +16 more
Linda Tsai
Jefferies
2 questions for SUI
Also covers: ADC, AKR, AMH +32 more
Nicholas Joseph
Citigroup
2 questions for SUI
Also covers: AMH, ARE, CUBE +13 more
OO
Omotayo Okusanya
Deutsche Bank AG
2 questions for SUI
Also covers: AMH, ARE, AVB +43 more
PA
Peter Abramowitz
Jefferies
2 questions for SUI
Also covers: AHH, ARE, BXP +14 more
Adam Kramer
Morgan Stanley
1 question for SUI
Also covers: AMH, AVB, CPT +5 more
JD
Joshua Dennerlein
BofA Securities
1 question for SUI
Also covers: AHR, AMH, ARE +20 more
KC
Keegan Carl
Wolfe Research, LLC
1 question for SUI
Also covers: ELS, EXR, UHAL
Samir Khanal
Bank of America
1 question for SUI
Also covers: AKR, BRX, COLD +18 more
Recent press releases and 8-K filings for SUI.
Sun Communities, Inc. Provides Investor Presentation with FY 2025 Results and 2026 Guidance
SUI
Earnings
Guidance Update
Board Change
- For the year ended December 31, 2025, Sun Communities, Inc. reported a Total Portfolio NOI of $1,059 million and Net Income Attributable to SUI Common Shareholders of $1,361.2 million.
- The company's balance sheet as of December 31, 2025, shows $4,259 million in total debt with a Net Debt / TTM EBITDA of 3.4x, characterized by 80% unencumbered and 100% fixed rate debt.
- Sun Communities anticipates preliminary 2026 MH site rental rate increases of 5.0%, RV site rental rate increases of 4.0%, and Same Property NOI Growth of 5.0% for North America MH and RV only.
- The company operates approximately 179,000 sites across 513 communities and achieved a Same Property MH occupancy of 98.1% as of December 31, 2025.
2 days ago
Sun Communities Reports Strong Q4 and Full Year 2025 Results, Provides 2026 Guidance
SUI
Earnings
Guidance Update
Share Buyback
- Sun Communities reported Core FFO per share of $1.40 for Q4 2025 and $6.68 for the full year 2025, both exceeding the high end of their guidance ranges. North American same-property Net Operating Income (NOI) grew 7.9% for Q4 and 5.7% for the full year 2025.
- The company significantly strengthened its balance sheet in 2025, reducing net debt to EBITDA to 3.4 times and repaying over $3.3 billion of total debt. This led to credit rating upgrades from S&P to BBB+ and Moody's to Baa2.
- Sun Communities returned over $1.5 billion of capital to shareholders in 2025, including repurchasing 4.3 million shares for approximately $539 million and increasing its quarterly distribution rate by approximately 8%.
- For 2026, the company established full-year Core FFO per share guidance with a midpoint of $6.93 and anticipates North American same-property NOI growth of approximately 4.5%.
2 days ago
Sun Communities Exceeds 2025 Guidance and Provides Positive 2026 Outlook
SUI
Earnings
Guidance Update
Share Buyback
- Sun Communities reported Q4 2025 Core FFO per share of $1.40 and full-year Core FFO per share of $6.68, both exceeding the high end of guidance by $0.01. North American same-property NOI increased 7.9% in Q4 and 5.7% for the full year.
- The company significantly strengthened its balance sheet in 2025 by repaying over $3.3 billion of total debt, achieving a net debt to trailing 12-month recurring EBITDA of 3.4x, and receiving credit rating upgrades to BBB+ from S&P and Baa2 from Moody's.
- Strategic capital allocation in 2025 included selling over $200 million in non-strategic assets, acquiring 14 communities for $457 million, purchasing 32 U.K. ground leases for $387 million, and repurchasing 4.3 million shares totaling approximately $539 million.
- For 2026, Sun Communities is guiding to a full-year Core FFO per share midpoint of $6.93 and expects North American same-property NOI growth of approximately 4.5%, with manufactured housing projected to grow by 5.9% and RV by 0.9%.
2 days ago
Sun Communities Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
SUI
Earnings
Guidance Update
Share Buyback
- Sun Communities concluded 2025 with strong operational momentum, delivering Q4 2025 core FFO per share of $1.40 and full-year 2025 core FFO per share of $6.68, both exceeding the high end of their guidance ranges.
- The company achieved robust North American same-property NOI growth of 7.9% for Q4 2025 and 5.7% for the full year 2025.
- For 2026, Sun Communities is guiding to a full-year core FFO per share midpoint of $6.93 (range of $6.83-$7.03) and a Q1 2026 midpoint of $1.28.
- The balance sheet was significantly strengthened, ending 2025 with net debt to trailing 12-month recurring EBITDA of 3.4x.
- Sun Communities returned over $1.5 billion of capital to shareholders in 2025, including repurchasing 4.3 million shares for approximately $539 million, and the board approved an approximately 8% increase to the quarterly distribution rate.
2 days ago
Sun Communities Reports FY25 Performance and Provides FY26 Guidance
SUI
Earnings
Guidance Update
M&A
- Sun Communities reported FY25 Core FFO per Share of $6.68 and 4Q25 Core FFO per Share of $1.40.
- The company provided FY26E Core FFO per Share guidance of $6.93 (midpoint) and FY26E North America Same Property NOI Growth guidance of 4.5% (midpoint).
- Key accomplishments in 2025 included the $5.65 billion sale of Safe Harbor Marinas, repayment of ~$3.3 billion of debt, achieving a 3.4x Net debt/TTM EBITDA, and an upgrade to BBB+ (S&P) and Baa2 (Moody's) credit ratings.
- The company deployed ~$844 million in acquisitions and UK ground lease purchases, and returned over $1 billion of capital to shareholders while increasing the quarterly dividend by approximately 11%.
- For 2025, Average MH Site Rental Rate Increases were 6.1% and Same Property MH Occupancy was 98.1%.
3 days ago
Sun Communities Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Increases Quarterly Distribution
SUI
Earnings
Guidance Update
Dividends
- Sun Communities, Inc. reported Net Income per Diluted Share of $0.99 for the fourth quarter of 2025 and $10.84 for the full year 2025, with Core FFO per Share of $1.40 for the fourth quarter and $6.68 for the full year 2025.
- The company's North America Same Property Net Operating Income (NOI) increased by 7.9% for the fourth quarter of 2025 and 5.7% for the full year 2025.
- In 2025, Sun Communities acquired 14 MH and RV Communities for $457.0 million and distributed over $1.5 billion of capital to shareholders, inclusive of cash distributions and share repurchases.
- For 2026, the company is establishing guidance for Core FFO per Share of $6.83 to $7.03 and expects North American Same Property NOI Growth of 4.5% at the midpoint.
- The Board of Directors approved an 8% increase in the quarterly distribution rate to $1.12 per common share and unit, equating to an annual rate of $4.48, expected to commence with the first quarter distribution in April 2026.
3 days ago
Sun Communities, Inc. Releases Investor Presentation with Q3 2025 Performance and FY 2025 Guidance
SUI
Guidance Update
M&A
CEO Change
- 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.
Dec 1, 2025, 9:01 PM
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
Quarterly earnings call transcripts for SUN COMMUNITIES.
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