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Last $69.51 USD
Change Today +0.64 / 0.93%
Volume 229.7K
SUI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

sun communities inc (SUI) Snapshot

Open
$69.34
Previous Close
$68.87
Day High
$70.56
Day Low
$69.26
52 Week High
03/20/15 - $71.40
52 Week Low
09/30/14 - $49.36
Market Cap
3.7B
Average Volume 10 Days
218.9K
EPS TTM
$0.52
Shares Outstanding
53.8M
EX-Date
06/26/15
P/E TM
132.5x
Dividend
$2.60
Dividend Yield
3.74%
Current Stock Chart for SUN COMMUNITIES INC (SUI)

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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: $1.4M
President and Chief Operating Officer
Total Annual Compensation: $754.4K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $741.3K
Executive Vice President
Total Annual Compensation: $1.2M
Compensation as of Fiscal Year 2014.

sun communities inc (SUI) Key Developments

Sun Communities Inc. Reports Unaudited Consolidated for the Second Quarter and Six Months Ended June 30, 2015; Revises Earnings Guidance for the Year 2015; Provides Earnings Guidance for the Third Quarter of 2015

Sun Communities Inc. reported unaudited consolidated for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $165.938 million against $118.526 million a year ago. Income before other gains was $11.076 million against $6.395 million a year ago. Net income attributable to the company was $16.382 million against $6.442 million a year ago. Net income attributable to the company’s common stock holders was $12.294 million or $0.23 per basic and diluted share against $4.928 million or $0.12 per basic and diluted share a year ago. FFO excluding certain items was $52.0 million and $34.7 million, or $0.87 and $0.79 per Share, for the three months ended June 30, 2015 and 2014, respectively. Net operating income was $21.567 million against $18.034 million a year ago. For the six months, the company reported total revenues of $321.138 million against $231.625 million a year ago. Income before other gains was $14.630 million against $16.925 million a year ago. Net income attributable to the company was $27.337 million against $15.802 million a year ago. Net income attributable to the company’s common stock holders was $19.163 million or $0.36 per basic and diluted share against $12.774 million or $0.33 per basic and diluted share a year ago. For the six months ended June 30, 2015 and 2014 FFO excluding certain items was $100.4 million and $72.9 million, or $1.76 and $1.74 per Share, respectively. Net operating income was $42.218 million against $35.287 million a year ago. The company has increased its guidance for full-year 2015 FFO excluding certain items to $3.62 - $3.72 per Share, an increase of $0.07 at the midpoint, from its most recently issued guidance of $3.55 - $3.65 per share. Revenue- annual and seasonal expected be $285.1 million. The company provides guidance for FFO excluding certain items of $1.03 - $1.05 per Share for the third quarter 2015.

Sun Communities, Inc. Announces Articles of Amendment to the Amended and Restated Articles of Incorporation

Sun Communities Inc. held its Annual Meeting of Stockholders on July 20, 2015. At the Annual Meeting the Company's stockholders approved Articles of Amendment to the Amended and Restated Articles of Incorporation, as amended and supplemented, under which the number of authorized shares of company's common stock, $0.01 par value per share, was increased from 90,000,000 to 180,000,000 and the number of authorized shares of company's preferred stock, $0.01 par value per share, was increased from 10,000,000 to 20,000,000. On July 22, 2015, the Company filed the Charter Amendment with the State Department of Assessments and Taxation of Maryland. The Charter Amendment was adopted by company's board of directors and was approved by stockholders at the Annual Meeting. The Charter Amendment deletes Article V, Section 1 of the articles of incorporation and replaces it with the following: Section 1. Authorized Shares. The total number of shares of stock which the Corporation has authority to issue is 200,000,000 shares, of which 180,000,000 shares are shares of Common Stock, $0.01 par value per share, and 20,000,000 shares are shares of Preferred Stock, $0.01 par value per share. The aggregate par value of all authorized shares of stock having par value is $2,000,000.

Sun Communities Inc. to Report Q2, 2015 Results on Jul 30, 2015

Sun Communities Inc. announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Jul 30, 2015

 

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SUI Competitors

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EastGroup Properties Inc $60.20 USD +0.66
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Industry Analysis

SUI

Industry Average

Valuation SUI Industry Range
Price/Earnings 100.0x
Price/Sales 6.6x
Price/Book 3.3x
Price/Cash Flow 18.9x
TEV/Sales 1.9x
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