Sun Communities Sells Safe Harbor Marinas to Blackstone

Sun Communities ( (SUI) ) has issued an update.

On April 30, 2025, Sun Communities, Inc. completed the initial closing of the sale of its Safe Harbor Marinas business to an affiliate of Blackstone Infrastructure for approximately $5.25 billion. This transaction aligns with Sun’s strategy to focus on its core MH and RV portfolio, enhancing its financial flexibility and leverage profile. The proceeds will be used to repay debt, fund future acquisitions, and return capital to shareholders through a special cash distribution and a stock repurchase program. The company also announced plans to redeem $950 million of outstanding unsecured senior notes and declared a special one-time cash distribution of $4.00 per share.

Spark’s Take on SUI Stock

According to Spark, TipRanks’ AI Analyst, SUI is a Outperform.

Sun Communities is well-positioned for growth with strong financial performance and strategic asset reallocations. While the high P/E ratio suggests caution in terms of valuation, the company’s solid financial position and positive earnings call outlook bolster its overall attractiveness. The technical analysis supports a positive short-term trend, contributing to a robust overall score.

To see Spark’s full report on SUI stock, click here.

More about Sun Communities

Sun Communities, Inc. is a real estate investment trust (REIT) that owns and operates manufactured housing (MH) and recreational vehicle (RV) communities. The company focuses on providing housing and recreational services in these sectors.

Average Trading Volume: 804,004

Technical Sentiment Signal: Buy

Current Market Cap: $16.87B

Find detailed analytics on SUI stock on TipRanks’ Stock Analysis page.