Sun Communities (SUI) Misses Q4 EPS by 68c; offers guidance

Sun Communities (NYSE: SUI) reported Q4 EPS of ($0.65), $0.68 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $726.7 million versus the consensus estimate of $667.51 million.

GUIDANCE:

Sun Communities sees Q1 2024 EPS of ($0.08)-($0.03), versus the consensus of ($0.10).

Sun Communities sees FY2024 EPS of $2.08-$2.28, versus the consensus of $1.77.

Expecting Total Same Property NOI Growth of 4.8% - 6.0%

Expecting Core FFO per Share of $7.04 to $7.24

Increasing Annual Distribution by 1.1% in 2024, to $3.76 per share

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

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