Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $64.11 USD
Change Today +0.98 / 1.55%
Volume 151.3K
SUI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

sun communities inc (SUI) Snapshot

Open
$63.25
Previous Close
$63.13
Day High
$64.58
Day Low
$63.25
52 Week High
03/20/15 - $71.40
52 Week Low
04/22/14 - $43.73
Market Cap
3.4B
Average Volume 10 Days
186.1K
EPS TTM
$0.52
Shares Outstanding
53.5M
EX-Date
03/27/15
P/E TM
124.2x
Dividend
$2.60
Dividend Yield
4.06%
Current Stock Chart for SUN COMMUNITIES INC (SUI)

sun communities inc (SUI) Related Bloomberg News

View More Bloomberg News

sun communities inc (SUI) Related Businessweek News

No Related Businessweek News Found

sun communities inc (SUI) Details

Sun Communities, Inc. operates as a real estate investment trust (REIT). It owns, operates, and develops manufactured housing communities in the midwestern, southern, and southeastern United States. As of April 1, 2011, it owned and operated a portfolio of 136 communities comprising approximately 47,600 developed sites. As a REIT, it would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company, through its subsidiary, Sun Home Services, Inc., also involves in marketing, selling, and leasing new and pre-owned homes. Sun Communities, Inc. was founded in 1975 and is headquartered in Southfield, Michigan.

1,525 Employees
Last Reported Date: 03/2/15
Founded in 1975

sun communities inc (SUI) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $1.0M
President and Chief Operating Officer
Total Annual Compensation: $600.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $529.5K
Executive Vice President
Total Annual Compensation: $340.0K
Compensation as of Fiscal Year 2013.

sun communities inc (SUI) Key Developments

Sun Communities Declares Distribution on Common Stock and Preferred Stock for the First Quarter 2015, Payable on April 17, 2015 and on April 15, 2015 Respectively

Sun Communities Inc. announced its Board of Directors declared a quarterly distribution of $0.65 per share of common stock for the first quarter of 2015. The distribution is payable on April 17, 2015 to shareholders of record on March 31, 2015. The company's Board of Directors also declared a distribution of $0.4453125 per share on the company's 7.125% Series A Cumulative Redeemable Preferred Stock. The distribution is payable on April 15, 2015 to shareholders of record on April 1, 2015. The Company's Board of Directors also declared a distribution of $0.40625 per share on the company's 6.50% Series A-4 Cumulative Convertible Preferred Stock. The distribution is payable on March 31, 2015 to shareholders of record on March 19, 2015.

Sun Communities Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides FFO Guidance for the First Quarter and Full Year of 2015; Announces Expansion Plans for the Year 2015

Sun Communities Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s FFO excluding certain items was $35.2 million and $30.7 million, or $0.69 and $0.78 per share, for the three months ended December 31, 2014 and 2013, respectively. Net loss attributable to common stockholders was $13.1 million, or $0.28 per diluted common share, as compared to net income of $0.1 million, for the fourth quarter of 2013. For the 163 communities owned throughout 2014 and 2013, fourth quarter 2014 total revenues increased 6.6% and total expenses increased 7.6%, resulting in an increase in NOI(2) of 6.2 % over the fourth quarter of 2013. Same site occupancy increased to 93.2% at December 31, 2014 from 91.5% at December 31, 2013. For the twelve months ended December 31, 2014 and 2013, FFO excluding certain items was $148.4 million and $121.5 million, or $3.37 and $3.22 per share, respectively. Net income attributable to common stockholders was $22.4 million, or $0.54 per diluted common share, as compared to net income of $10.6 million, or $0.31 per diluted common share, for the year ended December 31, 2013. For the year ended December 31, 2014, total revenues increased 6.6% and total expenses increased 4.1%, resulting in an increase in NOI(2) of 7.7% over the year ended December 31, 2013. Revenues for 2014 increased by 13.6% from $415.2 million in 2013 to $471.7 million in 2014. The company provided FFO guidance for the first quarter and full year of 2015. The company anticipates 2015 FFO per share will be in the range of $3.53 per share to $3.63 per share. FFO guidance for the first quarter of 2015 is $0.84 per share to $0.86 per share. The company announced plans for 2015 include developing approximately 800 expansion sites in 8 communities located in Texas, California, Ohio and Maryland. Five are manufactured housing communities, 4 of which are at 95% occupancy with strong continued demand, and the fifth is currently filling up the recent expansion sites brought online in 2014. The remaining 3 expansion properties are RV communities, where the company have an opportunity to satisfy an increasing demand.

Sun Communities Seeks Acquisitions

Sun Communities Inc. (NYSE:SUI) said in its announcement of its fourth quarter results and 2015 guidance that the company will continue to evaluate additional acquisition opportunities.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
SUI:US $64.11 USD +0.98

SUI Competitors

Market data is delayed at least 15 minutes.

Company Last Change
EastGroup Properties Inc $60.15 USD -0.35
Equity LifeStyle Properties Inc $53.32 USD +0.57
Home Properties Inc $67.80 USD +0.27
Post Properties Inc $55.61 USD +0.24
Ramco-Gershenson Properties Trust $18.20 USD 0.00
View Industry Companies
 

Industry Analysis

SUI

Industry Average

Valuation SUI Industry Range
Price/Earnings 100.0x
Price/Sales 6.4x
Price/Book 3.4x
Price/Cash Flow 21.1x
TEV/Sales 3.0x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SUN COMMUNITIES INC, please visit www.suncommunities.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.