Sun Communities (NYSE: SUI) reported Q4 EPS of $0.31, $0.06 better than the analyst estimate of $0.25. Revenue for the quarter came in at $301.82 million versus the consensus estimate of $239.42 million.

Gary Shiffman, Chief Executive Officer of Sun Communities stated, “Sun Communities again delivered industry leading growth as we successfully executed on our strategic initiatives and saw strong results across the business. Our organic growth has been a consistent earnings driver as we benefit from sustained consumer demand for our high-quality, affordable homes and RV vacation destinations. Capital deployment during 2019 of over $1.2 billion in accretive acquisitions, expansions, and ground up development provide incremental growth opportunities for the years ahead. In recognition of an outstanding year and a solid future, the Board of Directors for the fourth consecutive year approved an increase in our quarterly dividend. We are proud of our accomplishments and our team and remain committed to delivering superior value to our shareholders.”

GUIDANCE:

Sun Communities sees Q1 2020 EPS of $0.34-$0.37, versus the consensus of $0.43.

Sun Communities sees FY2020 EPS of $1.79-$1.91, versus the consensus of $2.00.

For earnings history and earnings-related data on Sun Communities (SUI) click here.