Sun Communities, Inc. Reports 2020 Second Quarter Results
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Sun Communities (SUI) Tops Q2 EPS by 36c, Revenues Beat
July 22, 2020 5:10 PM EDTSun Communities (NYSE: SUI) reported Q2 EPS of $0.61, $0.36 better than the analyst estimate of $0.25. Revenue for the quarter came in at $303.27 million versus the consensus estimate of $236.84 million.
Non-GAAP Financial Measures and Portfolio Performance
Core Funds from Operations (Core FFO)(1) for the quarter ended June 30, 2020, was $1.12 per diluted share and OP unit (Share) as compared to $1.18 in the corresponding period in 2019.Same Community(2) Net Operating Income (NOI)(1) increased by 1.4 percent for the quarter ended June 30, 2020, as... More