Canlı Haberler • May 18
Sun Communities Reaches US$2.3 Million Settlement Addressing Investor Claims on Governance and Insider Loans Sun Communities has reached a preliminary US$2.3 million class action settlement over claims it misled investors about corporate governance and undisclosed insider loans involving its CEO and board members.
The settlement covers securities fraud allegations for investors who bought Sun Communities common stock from February 2019 through September 2024.
A Settlement Hearing is scheduled for July 29, 2026, and investors must submit claims or exclusion requests by July 1, 2026.
If approved, this settlement would help clear a legal overhang tied to governance and disclosure practices, which has been a point of concern for some investors.
Investors may wish to monitor any additional governance changes or disclosure updates the company outlines as this process moves toward the 2026 court hearing. Duyuru • Apr 29
Sun Communities, Inc. Provides Earnings Guidance for the Second Quarter Ending June 30, 2026; Updates Earnings Guidance for the Full Year Ending December 31, 2026 Sun Communities, Inc. provided earnings guidance for the second quarter ending June 30, 2026 and updated earnings guidance for the full year ending December 31, 2026. For the quarter, the company expects Diluted EPS attributable to the Consolidated Portfolio in the range of $0.62 to $0.70.
For the year full year ending December 31, 2026, the company expects Diluted EPS attributable to the Consolidated Portfolio in the range of $2.16 to $2.36. Reported Earnings • Apr 28
First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2026 results: FFO per share: US$1.0 (down from US$1.12 in 1Q 2025). Revenue: US$507.9m (up 7.7% from 1Q 2025). Funds from operations (FFO): US$121.6m (down 13% from 1Q 2025). FFO margin: 24% (down from 30% in 1Q 2025). Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) missed analyst estimates by 129%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Apr 18
Sun Communities, Inc. to Report Q1, 2026 Results on Apr 27, 2026 Sun Communities, Inc. announced that they will report Q1, 2026 results After-Market on Apr 27, 2026 Duyuru • Mar 31
Sun Communities, Inc., Annual General Meeting, May 12, 2026 Sun Communities, Inc., Annual General Meeting, May 12, 2026. Declared Dividend • Mar 16
Dividend of US$1.12 announced Shareholders will receive a dividend of US$1.12. Ex-date: 31st March 2026 Payment date: 15th April 2026 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Duyuru • Mar 10
Sun Communities, Inc. Announces Executive Changes, Effective March 9, 2026 Sun Communities, Inc. appointed John B. McLaren, age 55, the Company's current President, as its Chief Operating Officer effective March 9, 2026. In his role as Chief Operating Officer, Mr. McLaren has assumed additional responsibilities directly overseeing the Company's operations team. Mr. McLaren has served the Company in various roles for 24 years. He has been the President of the Company since November 2024. From November 2022 to November 2024, he served the Company as a senior advisor. Previously, he served as the Company's President from 2014 to 2022 and its Chief Operating Officer from 2008 to 2022. On March 9, 2026, Bruce D. Thelen departed from his role as Executive Vice President and Chief Operating Officer of the Company to focus on other opportunities. Recent Insider Transactions Derivative • Mar 01
Independent Director notifies of intention to sell stock Clunet Lewis intends to sell 9k shares in the next 90 days after lodging an Intent To Sell Form on the 27th of February. If the sale is conducted around the recent share price of US$136, it would amount to US$1.2m. Since March 2025, Clunet's direct individual holding has increased from 30.00k shares to 30.82k. Company insiders have collectively sold US$73k more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 25
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: US$0.55 loss per share (down from US$0.71 profit in FY 2024). Revenue: US$2.31b (down 28% from FY 2024). Net loss: US$68.4m (down 177% from profit in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Duyuru • Feb 25
Sun Communities, Inc. Provides Earnings Guidance for the First Quarter Ending March 31, 2026 and Full Year Ending December 31, 2026 Sun Communities, Inc. provided earnings guidance for the First Quarter Ending March 31, 2026 and Full Year Ending December 31, 2026. For the quarter, the company expects Diluted EPS attributable to the Consolidated Portfolio in the range of $0.14 to $0.22.
For the year, the company expects Diluted EPS attributable to the Consolidated Portfolio in the range of $2.63 to $2.83. Duyuru • Feb 18
Sun Communities, Inc. Announces Increase in Quarterly Distribution and Expects First Quarter Distribution to Be Paid in April 2026 Sun Communities, Inc. announced that its Board of Directors approved an increase in its quarterly distribution rate to $1.12 per common share and unit, representing an increase of $0.08 per share, or approximately 8%, over the prior quarterly rate of $1.04 per common share and unit. The new quarterly rate equates to an annual distribution rate of $4.48 per common share and unit and is expected to commence with the first quarter distribution expected to be paid in April 2026. While the Board of Directors has adopted the new annual distribution policy, the amount of each quarterly distribution on the Company's common stock will be subject to approval by the Board of Directors. Duyuru • Feb 11
Sun Communities, Inc. Announces Executive Changes, Effective February 4, 2026 Sun Communities, Inc. appointed Fernando Castro-Caratini to serve as Executive Vice President, Secretary and Treasurer of the Company on an interim basis, effective February 4, 2026. Mr. Castro-Caratini will serve as Executive Vice President, Secretary and Treasurer until a permanent Chief Financial Officer is appointed. Mr. Castro-Caratini, age 42, was serving as a senior advisor to the Company prior to his appointment. He previously served as Chief Financial Officer, Executive Vice President, Secretary and Treasurer of the Company for approximately four years. From November 2016 to May 2022, Mr. Castro-Caratini was the Company's Senior Vice President, Finance & Capital Markets. Before joining the Company, Mr. Castro-Caratini was with Citigroup in the Real Estate & Lodging Investment Banking group where he executed on a broad range of strategic and capital markets transactions for real estate and lodging clients. He received a B.A. On February 4, 2026, Mark E. Patten departed from his role as Executive Vice President, Secretary and Treasurer of the Company. His departure was a mutual decision and not due to disagreements over financial policies or practices. Duyuru • Feb 03
Sun Communities, Inc. to Report Q4, 2025 Results on Feb 24, 2026 Sun Communities, Inc. announced that they will report Q4, 2025 results After-Market on Feb 24, 2026 Upcoming Dividend • Dec 26
Upcoming dividend of US$1.04 per share Eligible shareholders must have bought the stock before 31 December 2025. Payment date: 02 February 2026. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (4.3%). New Risk • Dec 19
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$20m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Significant insider selling over the past 3 months (US$20m sold). Duyuru • Dec 17
Sun Communities Announces Chief Financial Officer Transition, Effective January 5, 2026 Sun Communities, Inc. announced the appointment of Mark E. Patten as Chief Financial Officer (CFO), effective January 5, 2026. Mr. Patten will succeed Fernando Castro-Caratini, who will transition into an advisory role with the Company. Mr. Patten joins the Company from Essential Properties Realty Trust, Inc., where he serves as Executive Vice President, Chief Financial Officer, and Treasurer. Over the course of his more than 35-year career, he has held senior finance leadership roles across the real estate investment trust (REIT) and professional services sectors, including serving as Chief Financial Officer of CTO Realty Growth, Inc. and Alpine Income Property Trust, Inc., and as Senior Vice President and Chief Accounting Officer of CNL Hotels & Resorts, Inc. Mr. Patten was previously a Partner at KPMG. He holds a Bachelor of Science in Accounting from the University of Florida. Declared Dividend • Dec 12
Dividend of US$1.04 announced Shareholders will receive a dividend of US$1.04. Ex-date: 31st December 2025 Payment date: 2nd February 2026 Dividend yield will be 6.6%, which is higher than the industry average of 3.8%. Duyuru • Dec 09
Sun Communities, Inc. Declares Fourth Quarter 2025 Distribution, Payable on February 2, 2026 Sun Communities, Inc. announced its Board of Directors declared a quarterly distribution of $1.04 per share of common stock for the fourth quarter of 2025. The distribution is payable on February 2, 2026 to shareholders of record on December 31, 2025. Board Change • Nov 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. CEO & Director Charles Young was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$0.049 loss per share (down from US$2.31 profit in 3Q 2024). Revenue: US$697.2m (down 25% from 3Q 2024). Net loss: US$6.10m (down 102% from profit in 3Q 2024). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) were also behind analyst expectations. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 3.3%. Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Duyuru • Oct 30
Sun Communities, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ending December 31, 2025 Sun Communities, Inc. provided earnings guidance for the fourth quarter and full year ending December 31, 2025. For the quarter, the company expects diluted EPS attributable to the consolidated Portfolio of $0.34 to $0.42.
For the year, the company expects diluted EPS attributable to the consolidated Portfolio of $10.25 to $10.33. Duyuru • Oct 10
Sun Communities, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Sun Communities, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Upcoming Dividend • Sep 23
Upcoming dividend of US$1.04 per share Eligible shareholders must have bought the stock before 30 September 2025. Payment date: 15 October 2025. Trailing yield: 3.2%. Lower than top quartile of American dividend payers (4.5%). Lower than average of industry peers (3.9%). Declared Dividend • Sep 08
Dividend of US$1.04 announced Shareholders will receive a dividend of US$1.04. Ex-date: 30th September 2025 Payment date: 15th October 2025 Dividend yield will be 6.1%, which is higher than the industry average of 3.8%. Duyuru • Sep 04
Sun Communities, Inc. Declares Third Quarter 2025 Distribution, Payable on October 15, 2025 Sun Communities, Inc. announced its Board of Directors declared a quarterly distribution of $1.04 per share of common stock for the third quarter of 2025. The distribution is payable on October 15, 2025 to shareholders of record on September 30, 2025. New Risk • Aug 19
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 03
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: FFO per share: US$1.4 (down from US$1.88 in 2Q 2024). Revenue: US$612.7m (up 4.0% from 2Q 2024). Funds from operations (FFO): US$179.5m (down 23% from 2Q 2024). FFO margin: 29% (down from 39% in 2Q 2024). Revenue exceeded analyst estimates by 18%. Earnings per share (EPS) also surpassed analyst estimates significantly. Revenue is expected to decline by 3.6% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in the US are expected to grow by 4.6%. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Duyuru • Jul 16
Sun Communities, Inc. to Report Q2, 2025 Results on Jul 30, 2025 Sun Communities, Inc. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025 Upcoming Dividend • Jun 23
Upcoming dividend of US$1.04 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 15 July 2025. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.7%). Major Estimate Revision • Jun 20
Consensus EPS estimates increase by 54% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$1.39 to US$2.14. Revenue forecast steady at US$2.34b. Net income forecast to grow 248% next year vs 6.2% growth forecast for Residential REITs industry in the US. Consensus price target broadly unchanged at US$139. Share price was steady at US$126 over the past week. New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Declared Dividend • Jun 08
Dividend of US$1.04 announced Shareholders will receive a dividend of US$1.04. Ex-date: 30th June 2025 Payment date: 15th July 2025 Dividend yield will be 6.3%, which is higher than the industry average of 3.8%. Major Estimate Revision • May 30
Consensus EPS estimates fall by 12% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from US$4.38 to US$3.84. Revenue forecast unchanged from US$2.32b at last update. Net income forecast to grow 613% next year vs 2.4% growth forecast for Residential REITs industry in the US. Consensus price target of US$139 unchanged from last update. Share price rose 2.9% to US$123 over the past week. Major Estimate Revision • May 21
Consensus EPS estimates increase by 1,653% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$0.25 to US$4.38. Revenue forecast steady at US$2.32b. Net income forecast to grow 743% next year vs 3.2% growth forecast for Residential REITs industry in the US. Consensus price target broadly unchanged at US$139. Share price was steady at US$121 over the past week. New Risk • May 13
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 16% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 16% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Upcoming Dividend • May 07
Upcoming dividend of US$4.00 per share Eligible shareholders must have bought the stock before 14 May 2025. Payment date: 22 May 2025. Trailing yield: 3.3%. Lower than top quartile of American dividend payers (4.9%). In line with average of industry peers (3.6%). Reported Earnings • May 06
First quarter 2025 earnings released First quarter 2025 results: Net income: (up US$27.2m from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 62% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • May 06
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 1.3% to US$125. The fair value is estimated to be US$162, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.0% over the last 3 years. Meanwhile, the company has become profitable. Duyuru • May 02
Sun Communities, Inc. announces special dividend, payable on May 22, 2025 Sun Communities, Inc. announced special dividend of USD 4.0000 per share payable on May 22, 2025, ex-date on May 14, 2025 and record date on May 14, 2025. Duyuru • Apr 22
Sun Communities, Inc. to Report Q1, 2025 Results on May 05, 2025 Sun Communities, Inc. announced that they will report Q1, 2025 results After-Market on May 05, 2025 Duyuru • Mar 21
Sun Communities, Inc. Appoints Brian Loftus as Principal Accounting Officer On March 17, 2025, the Board of Directors of Sun Communities, Inc. appointed Brian Loftus as the principal accounting officer of the Company with the title Senior Vice President and Chief Accounting Officer. Mr. Loftus will report to Fernando Castro-Caratini, the Company’s Executive Vice President, Chief Financial Officer, Secretary and Treasurer. Mr. Loftus, age 43, previously served as Senior Vice President, Corporate Controller of the Company since July 2024. Prior to joining the Company, Mr. Loftus served as Vice President and Chief Financial Officer for Unique Fabricating, Inc., a then publicly traded manufacturer of foam, rubber, and plastic components for the automotive and appliance industries, from April 2020 to November 2023. From October 2018 to April 2020, Mr. Loftus served as Corporate Controller for Wabash National Corporation, a publicly traded leader in the design and manufacturing of engineered solutions for the transportation, logistics and distribution industries. Prior to Wabash, Mr. Loftus served as Corporate Controller for Horizon Global Corporation, a then publicly traded designer, manufacturer, and distributor of towing and trailering equipment from July 2015 to October 2018. Prior to Horizon, Mr. Loftus held various positions with TriMas Corporation, a diversified industrial manufacturer, from August 2009 to June 2015, including Controller for TriMas’ then subsidiary Cequent Performance Products, Inc., Segment Financial Manager, and Corporate Audit Manager. Mr. Loftus began his career in public accounting with Deloitte and Touche LLP. Mr. Loftus earned a Bachelor of Science in Business Administration in Accounting and a Master of Business Administration from Central Michigan University. Mr. Loftus is a Certified Public Accountant in the State of Michigan. Duyuru • Mar 20
Sun Communities, Inc., Annual General Meeting, May 13, 2025 Sun Communities, Inc., Annual General Meeting, May 13, 2025. Declared Dividend • Mar 19
Fourth quarter dividend of US$0.94 announced Dividend of US$0.94 is the same as last year. Ex-date: 31st March 2025 Payment date: 15th April 2025 Dividend yield will be 2.9%, which is lower than the industry average of 3.8%. Duyuru • Mar 15
Sun Communities, Inc. Declares Quarterly Distribution for the First Quarter of 2025, Payable on April 15, 2025 Sun Communities, Inc. announced its Board of Directors declared a quarterly distribution of $0.94 per share of common stock for the first quarter of 2025. The distribution is payable on April 15, 2025 to shareholders of record on March 31, 2025. Major Estimate Revision • Mar 09
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from US$1.83 to US$2.01. Revenue forecast unchanged at US$2.96b. Net income forecast to grow 207% next year vs 1.2% decline forecast for Residential REITs industry in the US. Consensus price target broadly unchanged at US$138. Share price was steady at US$134 over the past week. Reported Earnings • Feb 27
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: US$0.71 (up from US$1.71 loss in FY 2023). Revenue: US$3.22b (up 1.3% from FY 2023). Net income: US$89.0m (up US$300.5m from FY 2023). Profit margin: 2.8% (up from net loss in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 70%. Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Duyuru • Feb 19
Sun Communities, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Sun Communities, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Duyuru • Dec 13
Bragar Eagel & Squire, P.C. Announces A Class Action Lawsuit Files Against Sun Communities Bragar Eagel & Squire, P.C. announced that a class action lawsuit has been filed against Sun Communities in the United States District Court for the Eastern District of Michigan on behalf of all persons and entities who purchased or otherwise acquired SUI securities between February 28, 2019 and September 24, 2024, both dates inclusive (the Class Period). Investors have until February 10, 2025 to apply to the Court to be appointed as lead plaintiff in the lawsuit. The complaint alleges that defendants provided investors with material information concerning SUI’s accounting practices and internal control over financial reporting. On September 24, 2024, after market close, an investment research report emerged calling into question the integrity of SUI’s Board and the integrity of the Company’s governance, controls, and financial disclosures. Investors and analysts reacted immediately to SUI’s revelation. Duyuru • Dec 12
Sun Communities, Inc. Announces Board Refreshment Sun Communities, Inc. announced several upcoming changes to its Board of Directors (the “Board”) as part of its ongoing refreshment strategy. Arthur A. Weiss informed the Board that he will retire from the Board on December 31, 2024, Stephanie W. Bergeron informed the Board that she will not stand for re-election to the Board at the Company’s 2025 Annual Meeting of Shareholders, and Clunet R. Lewis informed the Board that he intends to retire from the Board no later than the Company’s 2026 Annual Meeting of Shareholders. Each of Mr. Weiss, Ms. Bergeron and Mr. Lewis will continue to actively serve on the Board until his or her respective retirement date. The Company has retained a director search firm to assist in the identification of qualified candidates for the Board. Duyuru • Dec 03
Sun Communities, Inc. Declares Fourth Quarter 2024 Distribution, Payable on January 15, 2025 Sun Communities, Inc. 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. Duyuru • Oct 25
Sun Communities, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Sun Communities, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Upcoming Dividend • Sep 23
Upcoming dividend of US$0.94 per share Eligible shareholders must have bought the stock before 30 September 2024. Payment date: 15 October 2024. Trailing yield: 2.7%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.2%). Declared Dividend • Sep 06
Second quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 30th September 2024 Payment date: 15th October 2024 Dividend yield will be 2.7%, which is lower than the industry average of 3.8%. Duyuru • Sep 04
Sun Communities, Inc. Declares Third Quarter 2024 Distribution, Payable on October 15, 2024 Sun Communities, Inc. 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. New Risk • Aug 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.4% increase in shares outstanding). Reported Earnings • Aug 01
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$0.42 (down from US$0.72 in 2Q 2023). Revenue: US$864.0m (up 1.3% from 2Q 2023). Net income: US$52.1m (down 42% from 2Q 2023). Profit margin: 6.0% (down from 11% in 2Q 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 35%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 51 percentage points per year, which is a significant difference in performance. New Risk • Jul 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risk Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Duyuru • Jul 03
Sun Communities, Inc.(NYSE:SUI) dropped from Russell Small Cap Comp Growth Index Sun Communities, Inc.(NYSE:SUI) dropped from Russell Small Cap Comp Growth Index Duyuru • Jul 02
Sun Communities, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Sun Communities, Inc. announced that they will report Q2, 2024 results After-Market on Jul 31, 2024 Declared Dividend • Jun 06
First quarter dividend of US$0.94 announced Shareholders will receive a dividend of US$0.94. Ex-date: 28th June 2024 Payment date: 15th July 2024 Dividend yield will be 3.1%, which is lower than the industry average of 3.8%. Duyuru • Jun 05
Sun Communities, Inc. Declares Quarterly Distribution on Common Stock for the Second Quarter of 2024, Payable on July 15, 2024 Sun Communities, Inc. 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. Reported Earnings • Apr 30
First quarter 2024 earnings: EPS misses analyst expectations First quarter 2024 results: US$0.22 loss per share (improved from US$0.24 loss in 1Q 2023). Revenue: US$671.3m (up 4.6% from 1Q 2023). Net loss: US$27.4m (loss narrowed 9.3% from 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 79%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Duyuru • Apr 03
Sun Communities, Inc. to Report Q1, 2024 Results on Apr 29, 2024 Sun Communities, Inc. announced that they will report Q1, 2024 results After-Market on Apr 29, 2024 Upcoming Dividend • Mar 20
Upcoming dividend of US$0.94 per share Eligible shareholders must have bought the stock before 27 March 2024. Payment date: 15 April 2024. Trailing yield: 2.9%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.8%). Declared Dividend • Mar 06
Fourth quarter dividend increased to US$0.94 Dividend of US$0.94 is 1.1% higher than last year. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Declared Dividend • Mar 06
Fourth quarter dividend increased to US$0.94 Dividend of US$0.94 is 1.1% higher than last year. Ex-date: 27th March 2024 Payment date: 15th April 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.8%. Duyuru • Mar 04
Sun Communities, Inc. Declares Quarterly Distribution on Common Stock for the First Quarter of 2024, Payable on April 15, 2024 Sun Communities, Inc. 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. Reported Earnings • Feb 22
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Full year 2023 results: US$1.73 loss per share (down from US$2.00 profit in FY 2022). Revenue: US$3.22b (up 9.8% from FY 2022). Net loss: US$213.3m (down 189% from profit in FY 2022). Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to grow 3.0% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Residential REITs industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. 