Sun Communities Exceeds Expectations with Strong Q4 Results

Published 1 hours agoSUI

Sun Communities Exceeds Expectations with Strong Q4 Results

Sun Communities, Inc. (NYSE: SUI) has announced its latest financial results, revealing a notable performance in the fourth quarter. The company's Funds from Operations (FFO) came in at $1.26 per share, which exceeded analyst expectations by $0.04. Additionally, Sun Communities reported a total revenue of $470.2 million for the quarter.

As of the end of 2024, Sun Communities owned interests in 645 properties stretching across the U.S., Canada, and the UK. These properties include around 176,390 developed sites and over 48,760 wet slips and dry storage spaces, illustrating the company's expansive footprint in the real estate industry.

In terms of stock performance, Sun Communities' stock is trading at $130.40, a slight decrease of 1.5% from its previous closing price. The stock saw an intraday high of $132.65 and a low of $119.16, with a trading volume of 1,054,070 shares. Reuters highlighted that despite a dip in its stock price, Sun Communities' financial achievements show resilience and growth potential.

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