Sun Communities, Inc. Reports 2020 Third Quarter Results

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Go back to Sun Communities, Inc. Reports 2020 Third Quarter Results

Sun Communities (SUI) Tops Q3 EPS by 28c, Revenues Beat

October 21, 2020 4:51 PM EDT

Sun Communities (NYSE: SUI) reported Q3 EPS of $0.83, $0.28 better than the analyst estimate of $0.55. Revenue for the quarter came in at $400.51 million versus the consensus estimate of $242.1 million.

Non-GAAP Financial Measures and Portfolio Performance

Core Funds from Operations (Core FFO)(1) for the quarter ended September 30, 2020, was $1.60 per diluted share and OP unit (Share) as compared to $1.46 in the corresponding period in 2019.Same Community(2) Net Operating Income (NOI)(1) increased by 5.5 percent for... More