Sun Communities sold its interest in Safe Harbor Marinas, significantly reducing leverage and strengthening its balance sheet. This transaction showcases SUI's strong financial management and strategic decision-making. Post-transaction, SUI's net debt to EBITDA drops to 2.5x-3x, making it one of the least leveraged REITs.
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 shar...
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.
Sun Communities, Inc. (NYSE:SUI ) Q4 2024 Earnings Conference Call February 27, 2025 2:00 PM ET Company Participants Gary Shiffman - Chairman & CEO John McLaren - President Fernando Castro-Caratini - EVP, CFO, Treasurer & Secretary Conference Call Participants Wes Golladay - Baird Jana Galan - Bank of America Merrill Lynch Brad Heffern - RBC Capital Markets Nick Joseph - Citibank Jamie Feldman ...
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 C...
Over nearly 15 years, I've written 4,300-plus Seeking Alpha articles, focusing on REITs and income stocks, emphasizing principal preservation and "SWAN investing." My journey included covering the evolution of the U.S. equity REIT sector, highlighting companies like STAG Industrial, Digital Realty, and Realty Income. Inspired by mentors and collaborations, I expanded my research to various asse...
Sun Communities (SUI 6.49%) made a big splash during the pandemic. The real estate investment trust (REIT) expanded its niche property focus into the marina sector by acquiring Safe Harbor Marinas for about $2.1 billion.
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