Sun Communities Inc (N:SUI)

Sector:  Financials Industry:  Residential REITs
See Regulatory Filings on SEC
Company Contact
Address: 27777 Franklin Rd Ste 200
SOUTHFIELD MI 48034-8205
Tel: N/A
IR: See website
Key People
Gary A. Shiffman
Chairman of the Board, Chief Executive Officer
John Bandini McLaren
President, Chief Operating Officer
Karen J. Dearing
Chief Financial Officer, Executive Vice President, Treasurer, Secretary
Jonathan M. Colman
Executive Vice President
Bruce Thelen
Executive Officer
Business Overview
Sun Communities, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company is a fully integrated real estate company, which, together with its affiliates and predecessors, has been in the business of acquiring, operating, developing, and expanding manufactured housing (MH) and recreational vehicle (RV). It owns and operates or has an interest in a portfolio of properties located throughout the United States and Ontario, Canada, including 226 MH communities, 87 RV communities, and 28 properties containing both MH and RV sites. The Company operates through two segments: Real Property Operations and Home Sales and Rentals. The Real Property Operations segment owns, operates, or has an interest in a portfolio, and develops MH communities and RV communities throughout the United States and is in the business of acquiring, operating, and expanding MH and RV communities.
Financial Overview
For the three months ended 31 March 2020, Sun Communities Inc revenues increased 8% to $310.3M. Net loss applicable to common stockholders totaled $16.1M vs. income of $34.3M. Revenues reflect Real Property Operations segment increase of 10% to $248M. Net loss reflects Net Operating Income (NOI)-Site rent decrease of 7% to -$18M, Gain / (loss) on remeasurement of market increase from $267K (income) to $28.6M (expense).
Employees: 3,146 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $16,940M as of Mar 31, 2020
Annual revenue (TTM): $1,287M as of Mar 31, 2020
EBITDA (TTM): $632.20M as of Mar 31, 2020
Net annual income (TTM): $109.85M as of Mar 31, 2020
Free cash flow (TTM): -$9.12M as of Mar 31, 2020
Net Debt Last Fiscal Year: $3,536M as of Mar 31, 2020
Shares outstanding: 93,327,000 as of Mar 31, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization