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Sun Communities, Inc. (SUI)
NYSE:SUI
Earnings Data
Report Date
Jul 23, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.64Last Year’s EPS
0.42Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 05, 2025
|% Change Since: -3.95%
|Next Earnings Date:Jul 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed sentiment with significant achievements such as the successful Safe Harbor Marinas transaction and strong manufactured housing performance, offset by challenges in the transient RV business and a decrease in UK NOI. Financial flexibility and growth strategies offer a positive outlook, but the impact of macroeconomic uncertainties on certain segments remains a concern.Company Guidance
In the first quarter of 2025, Sun Communities reported a strong performance, highlighted by a 5.8% year-over-year increase in core FFO per share to $1.26. The company successfully closed the $5.65 billion sale of Safe Harbor Marinas, which significantly enhanced financial flexibility and allowed for a capital allocation plan that included a new long-term net debt-to-EBITDA target of 3.5x to 4.5x. The MH segment showed resilience with a notable 8.9% increase in same-property NOI, driven by a 7.3% revenue growth and a 150 basis point occupancy gain. The RV segment faced challenges due to a 9.1% decline in same-property NOI, attributed to macroeconomic uncertainty and reduced Canadian guests. Sun Communities plans to deploy approximately $1 billion into 10/31 exchange accounts for tax-efficient acquisitions, aiming for high-quality manufactured housing opportunities. For full year 2025, the company provided core FFO per share guidance in the range of $6.43 to $6.63, reflecting operational assumptions and the impact of the Safe Harbor transaction.Successful Safe Harbor Marinas Transaction
The closing of the $5.65 billion Safe Harbor Marinas transaction marks a major milestone in Sun's strategic repositioning, enhancing financial flexibility and supporting long-term growth.
Debt Reduction and Financial Flexibility
Sun Communities executed debt reduction efforts, reducing the net debt-to-EBITDA target to 3.5x to 4.5x and establishing a new capital allocation plan.
Strong Manufactured Housing Performance
Manufactured Housing showed resilience with same-property NOI up 8.9% in Q1, driven by 7.3% revenue growth and a 150 basis point occupancy gain.
One-Time Cash Distribution and Dividend Increase
A one-time cash distribution of $4 per share will be paid, and the quarterly distribution will increase by 10.6% to $1.04 per share starting Q2 2025.
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SUI Earnings History
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
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SUI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2025 | $126.20 | $120.66 | -4.39% |
Feb 26, 2025 | $128.72 | $127.99 | -0.57% |
Nov 06, 2024 | $125.63 | $117.49 | -6.48% |
Jul 31, 2024 | $120.00 | $126.12 | +5.10% |
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.
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FAQ
When does Sun Communities, Inc. (SUI) report earnings?
Sun Communities, Inc. (SUI) is schdueled to report earning on Jul 23, 2025, TBA Not Confirmed.
What is Sun Communities, Inc. (SUI) earnings time?
Sun Communities, Inc. (SUI) earnings time is at Jul 23, 2025, TBA Not 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 (Q2) is 0.64.
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