Sun Communities, Inc. Reports 2021 First Quarter Results

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Go back to Sun Communities, Inc. Reports 2021 First Quarter Results

Sun Communities (SUI) Tops Q1 EPS by 3c, Revenues Beat

April 26, 2021 4:52 PM EDT

Sun Communities (NYSE: SUI) reported Q1 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $442.02 million versus the consensus estimate of $293.76 million.

Non-GAAP Financial Measures and Portfolio Performance

Core Funds from Operations ("Core FFO")(1) for the quarter ended March 31, 2021, was $1.26 per diluted share and OP unit ("Share") as compared to $1.22 in the corresponding period in 2020, a 3.3 percent increase.Same Community(2) Net Operating Income ("NOI")(1) increased by 2.7 percent for the quarter ended March 31, 2021, as... More