Sun Communities Expands Portfolio to 39 States and Ontario, Canada
January 9, 2023
Trending News ☀️
Sun Communities ($NYSE:SUI), Inc. is a leading owner and operator of manufactured housing communities, recreational vehicle resorts, and marinas. At September 30, 2022, Sun Communities had a portfolio of 662 developed properties containing in excess of 200K total sites and wet slips across 39 states in the U.S. and Ontario, Canada. This expansion of Sun Communities’ portfolio offers customers a wide selection of recreational facilities, manufactured housing communities, and marinas to choose from in a variety of attractive locations across the United States and Canada. The company’s main focus is providing high-quality residential, leisure, and hospitality services to its customers. Sun Communities strives to be the premier provider of resort-style living by offering amenities such as swimming pools, spas, fitness centers, clubhouses, nature trails, and more. In addition to its expansive portfolio, Sun Communities is committed to creating positive change in the communities it serves.
The company is deeply rooted in giving back to the communities it serves and is committed to supporting local non-profit organizations through donations and volunteerism. Sun Communities also creates and maintains jobs for local residents and is proud to be an employer of choice for those looking for stable employment. With its recent expansion to 39 states in the U.S. and Ontario, Canada, Sun Communities is well positioned to continue providing its customers with quality living experiences in a variety of attractive locations. This growth has allowed Sun Communities to continue to offer excellent customer service and provide a safe and secure environment for its customers to enjoy their recreational activities. Sun Communities is committed to providing superior customer service and a safe environment for its customers and will continue to invest in its portfolio to ensure its customers have the best possible experience.
Market Price
On Wednesday, Sun Communities, Inc., announced that its portfolio of manufactured housing and recreational vehicle (RV) parks has expanded to 39 states and Ontario, Canada. Media sentiment towards the expansion has been overwhelmingly positive. Sun Communities’ stock opened at $141.1 and closed at $143.3 on Wednesday, up by 2.4% from its prior closing price of $139.9. Sun Communities’ portfolio includes both traditional manufactured housing parks and RV parks, as well as mixed-use communities that combine the two. The company’s strategy is to provide quality living options for people who want to own a home or RV without the burden of a mortgage. Sun Communities is also known for its commitment to creating communities that offer amenities such as swimming pools, playgrounds, clubhouses, and more to its residents. The portfolio expansion is good news for investors, as it means more potential customers and more revenue for Sun Communities.
The company is expected to benefit from increased demand from both existing and potential customers due to its presence in more states and provinces. This could result in higher stock prices for the company, which could be attractive to investors looking for long-term growth opportunities. Sun Communities’ portfolio expansion is a positive step forward for the company and its shareholders. With a presence in 39 states and Canada, the company is well-positioned to capitalize on the growing demand for manufactured housing and RV parks across the United States and Canada. Investors will be watching closely to see how Sun Communities takes advantage of its expanded portfolio in the months ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sun Communities. More…
| Total Revenues | Net Income | Net Margin |
| 2.81k | 250.15 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sun Communities. More…
| Operations | Investing | Financing |
| 752.07 | -3.72k | 3k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sun Communities. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.48k | 8.35k | 63.27 |
Key Ratios Snapshot
Some of the financial key ratios for Sun Communities are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 19.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
VI Analysis
SUN COMMUNITIES is a company with strong fundamentals that reflect its long term potential. According to the VI Star Chart, SUN COMMUNITIES is strong in asset, dividend, growth, and profitability. The company is classified as a ‘cow’, meaning it has the track record of paying out consistent and sustainable dividends. This type of company is likely to attract investors looking for reliable income. Additionally, SUN COMMUNITIES has a high health score of 7/10, showing that it has the cashflows and debt to sustain future operations in times of crisis. Overall, SUN COMMUNITIES is well-positioned to take on future challenges. Its strong fundamentals and positive health score demonstrate its ability to generate consistent returns in a variety of market conditions. As such, investors looking to invest in a reliable and sustainable income stream may want to consider SUN COMMUNITIES as a potential option. More…
VI 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 is a real estate investment trust that has recently expanded its portfolio to 39 states and Ontario, Canada. As a result, the company’s market capitalization is now estimated to be at around $10 billion. Analysts and investors alike have reacted positively to this news, citing the company’s diversification strategy and its ability to capitalize on growth opportunities in a variety of markets.
SUN Communities is expected to benefit from rental income growth, strong occupancy rates, and increased access to capital. Given its current valuation, strong fundamentals, and potential for long-term growth, SUN Communities may be an attractive investment opportunity for those interested in diversifying their portfolio.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
