Sun Communities a Top-Tier REIT: Promising Safety, Growth and Income

☀️Trending News

Additionally, Sun Communities ($NYSE:SUI) boasts a robust dividend yield that has consistently increased over the last five years. Sun Communities’ business model focuses on providing quality homes to its residents and engaging in long-term leases with tenants. This ensures a steady stream of income that is insulated from market volatility. The company’s commitment to excellent customer service and its focus on creating vibrant communities has earned it a loyal following and an A+ rating from Standard & Poor’s.

For investors seeking safety, growth, and income, Sun Communities is a sound choice. The company’s strong financial performance, diverse portfolio, and solid dividend yield make it an attractive option for those looking to add REITs to their portfolios. With its stellar track record of success, Sun Communities is one of the top-tier REITs in the industry.

Market Price

Sun Communities Inc. (NYSE: SUI), a top-tier REIT, opened Wednesday at $127.4 and closed at $128.0, up by 1.5% from its previous closing price of 126.1. This helps to protect investors from market fluctuations, as the company can weather downturns without laying off employees or cutting back investments. The company also regularly increases its dividend payouts, providing investors with a steady stream of income, as well as some additional upside potential. The company’s long track record of success and strong financial performance make it an ideal investment option for those looking for reliable returns in a volatile market. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sun Communities. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sun Communities. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sun Communities. More…

Key Ratios Snapshot

Some of the financial key ratios for Sun Communities are shown below. More…

Analysis

At GoodWhale, we have conducted an analysis of SUN COMMUNITIES’ financials. Our findings indicate that SUN COMMUNITIES is classified as a “cow”, a type of company known for paying out consistent and sustainable dividends. We believe that this type of company will appeal to investors who are looking for steady returns over the long term. When it comes to the health of SUN COMMUNITIES’ cashflows and debt, our analysis gave the company an intermediate score of 6/10. This suggests that the company might be able to pay off debt and fund future operations. Moreover, our analysis revealed that SUN COMMUNITIES is strong in terms of asset, dividend, and growth, and that it is medium in terms of profitability. More…

Peers

The competition between Sun Communities Inc and its competitors American Homes 4 Rent, American Campus Communities Inc, Canadian Apartment Properties Real Estate Investment Trust is fierce. All four companies are vying for the top spot in the market and are constantly innovating and improving their offerings to attract and retain customers. While Sun Communities Inc may have the edge in terms of size and scale, its competitors are not far behind and are constantly challenging it.

– American Homes 4 Rent ($NYSE:AMH)

American Homes 4 Rent is a real estate investment trust that focuses on acquiring, renovating, and leasing single-family homes as rental properties. The company was founded in 2012 and is based in Agoura Hills, California. As of December 31, 2020, American Homes 4 Rent owned 53,949 single-family homes in 26 states.

– American Campus Communities Inc ($TSX:CAR.UN)

Canadian Apartment Properties Real Estate Investment Trust is a real estate investment trust that owns, operates and invests in apartment buildings in Canada. The company has a market cap of $6.83 billion as of 2022.

Summary

Sun Communities Inc. is a top-tier REIT investing in manufactured housing and recreational vehicle (RV) communities. Investment in the company carries with it an attractive combination of safety, growth and income. The company has been consistently profitable and is considered one of the most reliable REITs in the industry.

Sun Communities has a history of strong dividend payments and a good balance sheet, providing investors with attractive yields and growth potential. With its strong presence in the manufactured housing and RV communities industry, Sun Communities is poised to capitalize on continued growth and rising real estate values.