Sun Communities

SUI

Market cap $15.6B

Southfield, MI, Oct. 09, 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 (collectively, the "properties"), announces it will release third quarter 2025 operating results after the market closes on Wednesday, October 29, 2025. The Company will host a conference call to discuss these results on Thursday, October 30, 2025, at 2:00 P.M. ET.

Southfield, MI, Sept. 19, 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, today announced the granting of an equity award to incoming Chief Executive Officer Charles D. Young.

Southfield, Michigan, Sept. 03, 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 (collectively, the "properties"), today announced its Board of Directors declared a quarterly distribution of $1.04 per share of common stock for the third quarter of 2025.

SUI's CEO transition and operational restructuring aim to boost efficiency, with cost savings and a sharpened focus on MH/RV assets post-Safe Harbor sale. The company raised FY 2025 FFO guidance, supported by high occupancy rates and quality assets, especially in manufactured housing and RV segments. Safe Harbor asset sale streamlines SUI into a pure-play MH/RV operator, lowers leverage, and creates a potential valuation gap for investors to capture.

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

Sun Communities offers durable income and long-term growth, with high occupancy, inflation-resistant rents, and a sharpened focus on manufactured housing and RV communities. Recent results show strong NOI growth in manufactured housing, resilient FFO, and a stable dividend yield, supported by cost savings and high tenant retention. The balance sheet is exceptionally strong, with upgraded credit ratings, low leverage, and ample cash for future acquisitions following the marina asset sale.

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

REITs have outperformed the S&P 500 over the long run. I expect REITs to return to their lead over the coming years. I highlight specific REITs that are especially well-positioned.

Real estate investment trusts (REITs) are generally income investments, but they all go about the income theme a bit differently. For example, Sun Communities (SUI 0.22%) is often viewed as a growth-oriented REIT, while a REIT like Realty Income (O 1.28%) is all about a sustainable high yield.

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. The BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to jobs growth since 2020, raising concern that the Fed may be "behind the curve." The downward revisions came days after Fed Chair Powell used it as the primary evidence for "solid" labor markets, which justified the FOMC's decision to keep rates in "restrictive" territory.