Last $61.16 USD
Change Today -0.41 / -0.67%
Volume 108.3K
As of 1:05 PM 12/18/14 All times are local (Market data is delayed by at least 15 minutes).

sun communities inc (SUI) Snapshot

Open
$62.03
Previous Close
$61.57
Day High
$62.03
Day Low
$60.88
52 Week High
12/18/14 - $62.03
52 Week Low
12/18/13 - $40.90
Market Cap
2.9B
Average Volume 10 Days
202.9K
EPS TTM
$0.89
Shares Outstanding
48.0M
EX-Date
12/29/14
P/E TM
68.5x
Dividend
$2.60
Dividend Yield
4.22%
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.

1,236 Employees
Last Reported Date: 02/20/14
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 Inc. Declares Common Stock and Preferred Stock Distribution for the Fourth Quarter 2014

Sun Communities Inc. announced that its Board of Directors declared a quarterly distribution of $0.65 per share of common stock for the fourth quarter of 2014. The distribution is payable January 16, 2015 to shareholders of record on December 31, 2014. 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 January 15, 2015 to shareholders of record on January 2, 2015. The company's Board of Directors also declared a distribution of $0.157986 per share on the company's 6.50% Series A-4 Cumulative Convertible Preferred Stock. The distribution is payable on December 31, 2014 to shareholders of record on December 19, 2014.

Sun Communities Inc. Announces the Execution of Acquisition Agreements

Sun Communities Inc. announced that it has entered into agreements with a group of related selling entities to acquire a portfolio of seven manufactured housing communities, including associated manufactured homes and certain intangibles. The seven communities are located in the Orlando, Florida area, are comprised of approximately 3,150 manufactured housing sites (approximately 60% of which are in age-restricted communities) and are 96% occupied. In addition to the developed sites, there are approximately 380 potential expansion sites in the communities.

Sun Communities Inc. Announces Acquisition of 31 Properties in First Closing of American Land Lease Manufactured Housing Portfolio from Green Courte Partners

Sun Communities Inc. announced that it has closed the first portion of its previously-announced acquisition of manufactured housing communities from Green Courte Partners, LLC (GCP) sponsored funds. In the initial closing, the company acquired 31 communities (and the associated manufactured homes and notes receivable) for aggregate consideration of $552.4 million, consisting of the assumption of $263.6 million of debt, the payment of $220.6 million in cash, the issuance of $40.9 million in a combination of the company's common stock and common OP units of the company's subsidiary Sun Communities Operating Limited Partnership (SCOLP), and the issuance of $27.3 million in a combination of the company's newly-created 6.50% Series A-4 Cumulative Convertible Preferred Stock and SCOLP's Series A-4 preferred OP units.

 

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SUI Competitors

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Company Last Change
EastGroup Properties Inc $63.42 USD -0.05
Glimcher Realty Trust $13.82 USD +0.06
Home Properties Inc $66.30 USD +0.285
Post Properties Inc $58.60 USD +0.20
Ramco-Gershenson Properties Trust $18.25 USD +0.03
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Industry Analysis

SUI

Industry Average

Valuation SUI Industry Range
Price/Earnings 64.5x
Price/Sales 5.5x
Price/Book 3.1x
Price/Cash Flow 17.8x
TEV/Sales 2.6x
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