Sun Communities (SUI) Q3 FFO Lag Estimates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 07 2024
0mins
Should l Buy SUI?
Source: NASDAQ.COM
Sun Communities Quarterly Performance: Sun Communities reported quarterly funds from operations (FFO) of $2.34 per share, missing estimates and showing a decline from the previous year's $2.57 per share. Despite this, the company surpassed revenue expectations with $939.9 million for the quarter.
Market Outlook and Future Expectations: The stock has underperformed compared to the S&P 500 this year, and its future performance will depend on management's commentary and FFO outlook. Current consensus estimates suggest mixed revisions ahead, with a Zacks Rank #3 indicating expected market performance.
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Analyst Views on SUI
Wall Street analysts forecast SUI stock price to rise
10 Analyst Rating
6 Buy
4 Hold
0 Sell
Moderate Buy
Current: 127.380
Low
122.20
Averages
136.52
High
143.00
Current: 127.380
Low
122.20
Averages
136.52
High
143.00
About SUI
Sun Communities, Inc. is a real estate investment trust (REIT) that owns and operates or has an interest in manufactured housing (MH) and recreational vehicle (RV) communities. The Company’s segments include MH communities, RV communities, and communities in the United Kingdom (UK). The MH communities segment owns, operates, develops, or has an interest in, a portfolio of MH communities in the United States, and is in the business of acquiring, operating and developing ground-up MH communities to provide affordable housing solutions to residents. The RV communities segment owns, operates, develops, or has an interest in, a portfolio of RV communities and is in the business of acquiring, operating and developing group-up RV communities in the United States and Canada. The UK segment owns, operates, develops, or has an interest in, a portfolio of communities, referred to as holiday parks, and is in the business of acquiring, operating and developing communities in the United Kingdom.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Visa and Mastercard Ratings: Loop initiates coverage on Visa and Mastercard with a buy rating, anticipating significant net revenue growth driven by market share gains and upside from foreign exchange volatility, enhancing their competitive edge in the payment processing sector.
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Sun Communities Declares Quarterly Dividend of $1.12
- Quarterly Dividend Declaration: Sun Communities has declared a quarterly dividend of $1.12 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability, which helps bolster investor confidence.
- Yield Information: The forward yield of this dividend stands at 3.27%, providing investors with a relatively attractive return, further solidifying its appeal in the Real Estate Investment Trust (REIT) market.
- Shareholder Record Date: The dividend will be payable on April 15, with a record date of March 31 and an ex-dividend date also on March 31, ensuring shareholders can timely receive their dividend income, thereby enhancing their willingness to hold shares.
- Future Financial Outlook: Sun Communities has outlined a core FFO guidance of $6.93 for 2026 and proposed a strategic capital allocation plan, indicating the company's confidence in future growth and proactive financial management.
See More
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Market Reaction: Cryptocurrencies have experienced a significant decline, with Bitcoin dropping below $65,000 and Ethereum falling below $1,860 in the past 24 hours.
Geopolitical Impact: The decline in cryptocurrency values follows recent strikes launched by Israel against Iran, indicating a potential link between geopolitical tensions and market fluctuations.
See More
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- Core Stock Rating: Deutsche Bank reiterates its Buy rating on CoreWeave, lowering the price target from $140 to $125, indicating that the company faces uncertainties in its rapidly scaling financial model, which may impact investor confidence.
- Strong Airline Demand: TD Cowen upgrades Southwest Airlines from Hold to Buy with a target price of $66, anticipating strengthened airline demand in 2026, reflecting the potential for industry recovery.
- AI Software Leader: Rosenblatt initiates coverage of Palantir with a Buy rating and a $150 price target, believing the company holds a unique market position in AI with a sustainable growth trajectory, despite a 33% decline from its peak.
- Optimistic Financial Performance: Bank of America raises Dell's price target to $155, based on its broad product portfolio and AI-related growth potential, expecting higher margins in the coming years, although global economic slowdown poses some risks.
See More
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- Core Earnings Growth: Sun Communities reported a Core FFO per share of $1.40 for Q4 2025, exceeding guidance by $0.01, and a full-year figure of $6.68, indicating strong operational momentum in attainable housing and vacation communities, which is expected to further enhance shareholder returns.
- Exceptional Property Performance: The same-property MH portfolio achieved a 98.1% occupancy rate, with same-property NOI growth of 7.9% for the quarter, including an 8.8% increase in MH NOI, demonstrating significant improvements in market competitiveness and operational efficiency.
- Capital Return Strategy: The board approved an 8% increase in the quarterly distribution to $0.08 per share, with 4.3 million shares repurchased in 2025, reflecting a strong commitment to shareholders and effective capital allocation, which is likely to boost investor confidence.
- Optimistic Future Outlook: The guidance for 2026 sets the Core FFO per share midpoint at $6.93, with North American same-property NOI projected to grow approximately 4.5%, indicating that ongoing investments in manufactured housing and RV platforms will lay a solid foundation for future growth.
See More
Sun Communities Reports Revenue Decline in Q4 2025
- Revenue Decline: Sun Communities reported $515.2 million in revenue for Q4 2025, reflecting a significant year-over-year decline of 30.9%, indicating challenges that may impact investor confidence moving forward.
- Earnings Recovery: The company achieved an EPS of $1.40, a notable improvement from -$1.77 a year ago, suggesting a recovery in profitability that could support future growth despite the revenue drop.
- Surprise Performance: The reported revenue exceeded the Zacks Consensus Estimate of $504.26 million by 2.17%, while the EPS also surpassed expectations of $1.37, highlighting potential in cost control and operational efficiency.
- Market Sentiment: Investors may adopt a cautious stance regarding the company's future stock performance as they analyze revenue and earnings changes, particularly in an uncertain economic environment, necessitating close monitoring of subsequent financial results.
See More
