Sun Communities reports Q1 core FFO $1.40, consensus $1.31

Reports Q1 revenue $507.9M, consensus $500.98M. “I’m pleased with the Company’s strong first quarter results, continuing our momentum as we execute on our strategy,” said Charles Young, CEO. “We drove better than expected results across our North America portfolio, where same property MH and RV NOI increased 6.3%, reflecting the strength of our portfolio and the sustained demand for our communities. Our strategy is anchored in three core pillars: disciplined capital allocation, optimization of our platform, and targeted investment in our communities, infrastructure, and digital capabilities. As we look ahead, I am confident that our strategy combined with successful execution of our capital priorities will deliver sustainable growth and create lasting value for all stakeholders, while providing exceptional communities and experiences for our residents and guests.”