SUN COMMUNITIES, INC. completed the Park Holidays Sale, generating gross sales proceeds of $1.05 billion and cash proceeds of $1.03 billion. Nine-month Real Property NOI increased $53.6 million, or 7.2%, in 2026.
SUI · Sun Communities Inc
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Sun Communities Inc reported third-quarter Core FFO of $2.35 per share and same-property NOI growth of 3.6%. It completed the UK business sale, receiving net cash consideration of approximately $1.03 billion.
Sun Communities, Inc.’s operating subsidiary SCOLP issued 283,126 Series M Preferred Units on October 1, 2026 at $100 per unit for contributed assets, carrying quarterly distributions of 3.2% per year through October 1, 2027, 3.4% through October 1, 2028, and 3.6% thereafter.
Sun Communities, Inc. completed the Park Holidays sale to Panther Bidco Limited on September 22, 2026, generating net proceeds of approximately $1.03 billion. Proceeds are expected primarily to fund share repurchases, debt repayment and general corporate purposes.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q4 FY25 earnings call · Feb 25, 2026TL;DR. Strong North American NOI growth, above-guidance Core FFO, lower leverage, a higher distribution and new 2026 guidance were the main positive developments. Risks include lower year-over-year Core FFO, UK and RV NOI pressure, expected transient RV revenue weakness, lower UK home sales and UK asset impairments.
- + North American same-property NOI increased 7.9% in the fourth quarter and 5.7% for full-year 2025.
- + Fourth-quarter and full-year Core FFO per share each finished one cent above the high end of guidance.
- + The company reduced leverage to 3.4 times net debt to EBITDA and eliminated floating-rate exposure.
- + The board increased the quarterly distribution rate by approximately 8%, or $0.08 per share.
- + The company acquired 14 MH and annual RV communities for $457 million using 1031 exchange proceeds.
- + 2026 guidance calls for Core FFO per share of $6.83 to $7.03 and North American same-property NOI growth of 4.5% at the midpoint.
- − UK fourth-quarter same-property NOI declined approximately $500,000 because of macroeconomic pressure and the national minimum wage increase.
- − RV same-property NOI declined 1.4% for full-year 2025.
- − Transient RV revenue is expected to decline about 1.5% year over year at the midpoint of 2026 guidance.
- − UK home sales volumes fell 4.9% in 2025 from 2024's record level.
- − Fourth-quarter asset impairment charges totaled $30.7 million, primarily reducing the carrying value of three UK properties.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Ancillary NOI non-GAAP | $7.4M | Three Months Ended June 30, 2026 filing | — |
| Home sales NOI non-GAAP | $3.3M | Three Months Ended June 30, 2026 filing | — |
| Home sales Units Sold | 326 | the three months ended June 30, 2026 filing | — |
| NOI non-GAAP | $271.3M | Three Months Ended June 30, 2026 filing | — |
| Real property - transient revenue (RV segment) | $60.6M | Three Months Ended June 30, 2026 filing | — |
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| Real property NOI non-GAAP | $260.6M | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Residential — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
SUI
this stock
Sun Communities Inc
|
$14.44B | -4.3% | +2.0% | — | 5.9% |
|
VMRK
Vivmark Residential
|
$49.76B | +1.9% | +4.8% | 802.8 | 2.5% |
|
ESS
Essex Property Trust, Inc.
|
$17.57B | +4.4% | +6.4% | 50.8 | 3.5% |
|
INVH
Invitation Homes Inc.
|
$15.47B | -3.4% | +4.2% | 23.6 | 3.4% |
|
MAA
Mid America Apartment Communities Inc.
|
$13.72B | -15.1% | +0.8% | 35.7 | 4.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Oct 27, 2026
- This year
- 26
SUN COMMUNITIES, INC. completed the Park Holidays Sale, generating gross sales proceeds of $1.05 billion and cash proceeds of $1.03 billion. Nine-month Real Property NOI increased $53.6 million, or 7.2%, in 2026.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| SUI | -1.5% | +0.4% | -5.1% | +4.6% | -4.4% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -4.1% | +1.5% | -5.6% | +4.8% | -15.0% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.