Articles from Sun Communities, Inc.

Southfield, MI, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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.

Net Income / (Loss) per Diluted Share of $(1.77) and $0.71 for the Quarter and Full Year

Strategically Repositions Company as a Pure-Play MH and RV Focused REIT; Enhances Flexibility Through Substantial De-Leveraging and Improves Margin and Cash Flow Profile

Southfield, MI, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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.

Southfield, MI, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the "Company") announced the tax treatment of its 2024 common share distributions.

Southfield, MI, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 several upcoming changes to its Board of Directors (the “Board”) as part of its ongoing refreshment strategy.

Southfield, MI, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 fourth quarter of 2024. The distribution is payable on January 15, 2025 to shareholders of record on December 31, 2024.

Implementing Comprehensive Restructuring and Cost Cutting Plan Expected to Save $15 - $20 million annually; John McLaren to Return to Company as President; CEO Gary Shiffman to Retire in 2025

Net Income per Diluted Share of $2.31 for the Quarter

Southfield, MI, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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.

Southfield, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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, did not incur any material building or structure damage as a result of Hurricane Helene.

Southfield, MI, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 third quarter of 2024. The distribution is payable on October 15, 2024 to shareholders of record on September 30, 2024.

Net Income per Diluted Share of $0.42 for the Quarter

Southfield, MI, July 01, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), announces it will release second quarter 2024 operating results after the market closes on Wednesday, July 31, 2024. The Company will host a conference call to discuss these results on Thursday, August 1, 2024, at 2:00 P.M. ET.

Southfield, MI, June 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 second quarter of 2024. The distribution is payable on July 15, 2024 to shareholders of record on June 28, 2024.

Total Revenue Increased by 3.1%

Southfield, MI, April 04, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (“Sun” or 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"), announces the release of its 2023 Environmental, Social and Governance (“ESG”) report.

Southfield, MI, April 02, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), announces it will release first quarter 2024 operating results after the market closes on Monday, April 29, 2024. The Company will host a conference call to discuss these results on Tuesday, April 30, 2024, at 2:00 P.M. ET.

Southfield, MI, March 01, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 2024. The distribution is payable on April 15, 2024 to shareholders of record on March 29, 2024.

Southfield, MI, Feb. 29, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at the 2024 Citi Global Property CEO Conference in Hollywood, Florida, on Tuesday, March 5, 2024, at 1:30 p.m. Eastern Standard Time.

Enters Into Cooperation Agreement with Land & Buildings

Southfield, MI, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) ("Sun" or 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 provided an update on the following recent activities:

Southfield, MI, Jan. 19, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the "Company") announced the tax treatment of its 2023 common share distributions.

Southfield, MI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 that its operating partnership, Sun Communities Operating Limited Partnership (the "Operating Partnership"), has priced a public offering of $500 million aggregate principal amount of 5.500% senior notes due 2029 (the “Notes”). The public offering price for the Notes was 99.878% of the principal amount for an effective yield to maturity of 5.528%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company. The offering is expected to close on or about January 11, 2024, subject to customary closing conditions.

Southfield, MI, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), announces it will release fourth quarter 2023 operating results after the market closes on Tuesday, February 20, 2024. The Company will host a conference call to discuss these results on Wednesday, February 21, 2024, at 11:00 A.M. ET.

Southfield, MI, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 $0.93 per share of common stock for the fourth quarter of 2023. The distribution is payable on January 16, 2024 to shareholders of record on December 29, 2023.

Net Earnings per Diluted Share of $1.31 for the Quarter

Pursuing opportunistic capital recycling while retaining the Sungenia joint venture, reflecting confidence in the strong Sun-Ingenia relationship and the long-term growth potential of manufactured housing in Australia.

Southfield, MI, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), announces it will release third quarter 2023 operating results after the market closes on Wednesday, October 25, 2023. The Company will host a conference call to discuss these results on Thursday, October 26, 2023, at 2:00 P.M. ET.

Southfield, MI, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at Bank of America’s 2023 Global Real Estate Conference in New York City, New York on Wednesday, September 13, 2023, at 12:40 p.m. Eastern Time.

Southfield, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 $0.93 per share of common stock for the third quarter of 2023. The distribution is payable on October 16, 2023 to shareholders of record on September 29, 2023.

Net Earnings per Diluted Share of $0.72 for the Quarter Increased by 18% Year-over-Year

Southfield, MI, June 06, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), today announced the dates for its second quarter 2023 earnings release and conference call.

Southfield, MI, June 06, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 $0.93 per share of common stock for the second quarter of 2023. The distribution is payable July 17, 2023 to shareholders of record on June 30, 2023.

Southfield, MI, June 01, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at Nareit’s REITweek: 2023 Investor Conference in New York City, New York on Wednesday, June 7, 2023, at 1:15 p.m. Eastern Time.

Southfield, MI, May 08, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (“Sun” or 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 the release of its 2022 Environmental, Social and Governance (“ESG”) report.

Real Property Revenue Increased 13.8%, Year-over-Year

Southfield, MI, March 08, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 (collectively, the "properties"), today announced the dates for its first quarter 2023 earnings release and conference call.

Southfield, MI, March 03, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 $0.93 per share of common stock for the first quarter of 2023. The distribution is payable April 17, 2023 to shareholders of record on March 31, 2023.

Southfield, MI, March 02, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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 that Gary A. Shiffman, Chairman, President and Chief Executive Officer, will present at the 2023 Citi Global Property CEO Conference in Hollywood, Florida, on Tuesday, March 7, 2023, at 4:20 p.m. Eastern Standard Time.

Net Income per Diluted Share of $0.04 and $2.00 for the Quarter and Year End, Respectively

Southfield, MI, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (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.

Southfield, MI, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the "Company") announced the tax treatment of its 2022 common share distributions.

Southfield, MI, Jan. 09, 2023 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing (“MH”) communities, recreational vehicle (“RV”) communities and marinas, today announced that its operating partnership, Sun Communities Operating Limited Partnership (the "Operating Partnership"), has priced a public offering of $400 million aggregate principal amount of 5.700% senior notes due 2033 (the “Notes”). The public offering price for the Notes was 99.729% of the principal amount for an effective yield to maturity of 5.736%. The Notes will be senior unsecured obligations of the Operating Partnership, guaranteed fully and unconditionally by the Company. The offering is expected to close on or about January 17, 2023, subject to customary closing conditions.

Targets 2035 for Carbon Neutrality, 2045 for Net Zero Emissions

Southfield, MI, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced the dates for its fourth quarter 2022 earnings release and conference call.

Southfield, MI, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates, or has an interest in, manufactured housing (“MH”) communities, recreational vehicle (“RV”) resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.88 per share of common stock for the fourth quarter of 2022. The distribution is payable January 17, 2023 to shareholders of record on December 30, 2022.

Diluted Earnings per Share of $1.32Constant Currency Core FFO(1) per Diluted Share of $2.71 Exceeded Guidance

Southfield, MI, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the “Company” and “Sun”), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") communities, recreational vehicle ("RV") resorts and marinas, is providing a preliminary assessment of the impact of Hurricane Ian on the Company’s properties in Florida.

This press release has been revised to update the information set forth under the heading "Guidance – UK Operations Guidance" on page viii to include certain recently-acquired UK properties which were omitted from the original release.

Southfield, MI, July 25, 2022 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSESUI) (the "Company" or "SUI"), a real estate investment trust ("REIT") that owns and operates, or has an interest in, manufactured housing ("MH") communities, recreational vehicle ("RV") resorts and marinas (collectively, the "properties"), today reported its second quarter results for 2022.