SUI Sun Communities, Inc.
Price Chart
Executive Summary
Sun Communities reported Q1 2026 Core FFO per share of $1.40, up from $1.26 a year ago, and total revenue of $507.9M, beating the $490.8M consensus. North America same-property NOI grew 6.3% and full-year 2026 Core FFO guidance was raised by $0.04 to $6.87-$7.07. Despite a GAAP net loss, the underlying operating performance and guidance raise point to strong fundamentals.
Actionable Insight
The earnings beat and raised guidance support a positive near-term outlook. Monitor the earnings call for details on occupancy trends and acquisition pipeline. Historical model performance suggests tempered T+20 returns; consider taking profits on strength.
Key Facts
- Core FFO per share of $1.40 vs $1.26 YoY (+11.1%)
- Total revenue $507.9M, up 8.0% YoY, beating $490.8M consensus
- North America same-property NOI grew 6.3%
- Full-year 2026 Core FFO per share guidance raised $0.04 to $6.87-$7.07
- Repurchased 0.5M shares for $60.1M during the quarter
- Net debt to TTM Recurring EBITDA at 3.7x with weighted average interest rate of 3.4%
Financial Impact
Revenue beat by ~3.5%, Core FFO beat likely vs consensus, guidance raised modestly
Risk Factors
- Interest rate sensitivity on debt refinancing
- Occupancy declines in MH or RV segments
- UK currency exposure and economic conditions
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3282024 |
Track record builds as more directional reports settle.
Filters
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|---|---|---|---|---|---|
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May 21, 2026
19d ago
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Press Release
| $125.61 $123.08 | ▼ −2.01% | ▼ −3.86% | $122.19 (−2.72%) |
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Apr 27, 2026
6w ago
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Press Release
| $128.15 $124.77 | ▼ −2.64% | ▼ −4.33% | $122.19 (−4.65%) |
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Apr 17, 2026
7w ago
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Press Release
| $129.93 $129.77 | ▼ −0.12% | ▼ −0.68% | $122.19 (−5.96%) |
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Mar 12, 2026
12w ago
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Press Release
| $134.92 $131.08 | ▼ −2.85% | ▼ −1.87% | $122.19 (−9.44%) |
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Feb 25, 2026
14w ago
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8-K
| $132.15 $135.47 | ▲ +2.51% | ▲ +3.61% | $122.19 (−7.54%) |
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Feb 24, 2026
15w ago
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8-K
| $132.15 $135.47 | ▲ +2.51% | ▲ +3.61% | $122.19 (−7.54%) |
US Market Status
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