Sun Communities, Inc. Reports 2020 Third Quarter Results
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Sun Communities (SUI) Tops Q3 EPS by 28c, Revenues Beat
October 21, 2020 4:51 PM EDTSun 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