Sun Communities, Inc. Reports 2019 Second Quarter Results

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Go back to Sun Communities, Inc. Reports 2019 Second Quarter Results

Sun Communities (SUI) Tops Q2 EPS by 15c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus, Offers Q3 EPS Outlook Above Consensus

July 24, 2019 4:51 PM EDT

Sun Communities (NYSE: SUI) reported Q2 EPS of $0.46, $0.15 better than the analyst estimate of $0.31. Revenue for the quarter came in at $312.4 million versus the consensus estimate of $238.75 million.

Non-GAAP Financial Measures and Portfolio Performance

Core Funds from Operations (Core FFO)(1) for the quarter ended June 30, 2019, was $1.18 per diluted share and OP unit (Share) as compared to $1.07... More