The earnings call highlighted significant financial achievements, including improved financial flexibility, shareholder returns, and strong performance in the U.K. and manufactured housing segments. Despite challenges in the RV segment and impairment charges due to strategic shifts, the overall sentiment is positive, driven by strong financial results, strategic repositioning, and leadership transition.

Company Guidance

During Sun Communities' second quarter 2025 earnings call, management highlighted significant achievements and updates, notably the completion of the Safe Harbor Marinas sale, which repositions Sun as a focused owner and operator of manufactured housing and RV communities. The company demonstrated robust financial performance, reporting a core FFO per share of $1.76, exceeding guidance. The North American same-property NOI grew by 4.9%, driven by a 7.7% increase in manufactured housing NOI and a slight decline of 1.1% in RV NOI. Sun Communities also improved its balance sheet by paying down $3.3 billion of debt and returning over $830 million to shareholders through distributions and share repurchases. Additionally, Sun raised its regular annual distribution rate by over 10% and increased its full-year 2025 FFO per share guidance to a range of $6.51 to $6.67. The company is actively evaluating acquisition opportunities with 1031 proceeds and has identified potential acquisitions totaling $565 million. The call also marked a leadership transition, with Charles Young announced as the incoming CEO, effective October 1, 2025, while Gary Shiffman transitions to Non-Executive Chairman after more than 40 years at the helm.

Debt Reduction and Shareholder Returns

Sun Communities paid down approximately $3.3 billion of debt and returned over $830 million to shareholders through a special cash distribution and share repurchases. Additionally, they increased their regular annual distribution rate by over 10%.

Financial Performance Exceeds Expectations

Sun reported core FFO per share of $1.76 for the quarter, exceeding the high end of guidance. Total North American same-property NOI grew 4.9% in the second quarter.

U.K. Segment Strong Performance

Same-property NOI in the U.K. portfolio increased 10.2% for the quarter with revenue up 9.5%, driven by strong demand and strategic shifts from home sales to recurring real property income.

Leadership Transition

Charles Young was appointed as Sun Communities' next CEO, bringing over 25 years of experience in real estate operations, investment, and strategy.

Credit Rating Upgrades

Sun Communities received two credit rating upgrades, with S&P Global raising the rating to BBB+ and Moody's upgrading to Baa2.

Sun Communities (SUI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SUI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	1.12 / -	2.31	―	―	―
Jul 30, 2025	2025 (Q2)	0.71 / 10.02	0.42	2285.71% (+9.60)	―
May 05, 2025	2025 (Q1)	-0.05 / -0.34	-0.22	-54.55% (-0.12)	―
Feb 26, 2025	2024 (Q4)	0.10 / -1.77	-0.65	-172.31% (-1.12)
Nov 06, 2024	2024 (Q3)	1.70 / 2.31	1.31	76.34% (+1.00)
Jul 31, 2024	2024 (Q2)	0.62 / 0.42	0.72	-41.67% (-0.30)
Apr 29, 2024	2024 (Q1)	-0.13 / -0.22	-0.24	8.33% (+0.02)
Feb 20, 2024	2023 (Q4)	0.01 / -0.65	0.04	-1725.00% (-0.69)	―
Oct 25, 2023	2023 (Q3)	1.27 / 1.31	1.32	-0.76% (-0.01)	―
Jul 26, 2023	2023 (Q2)	0.79 / 0.72	0.61	18.03% (+0.11)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SUI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$116.60	$124.03	+6.37%
May 05, 2025	$125.17	$119.67	-4.39%
Feb 26, 2025	$127.66	$126.94	-0.56%
Nov 06, 2024	$124.60	$116.52	-6.48%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Sun Communities (SUI) report earnings?

Sun Communities (SUI) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is Sun Communities (SUI) earnings time?

Sun Communities (SUI) earnings time is at Oct 22, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SUI EPS forecast?

SUI EPS forecast for the fiscal quarter 2025 (Q3) is 1.12.

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